Economic news(2023/12/07)
Yen market price rises to the 144 yen level to the dollar for the first time in about 3 months
2023-12-07 21:44:00
On the 7th, the foreign exchange market was affected by Bank of Japan Governor Ueda's statement that ``It will become even more challenging from the end of the year to next year,'' indicating that the Bank of Japan is not planning to revise its current large-scale monetary easing measures. As speculation spread, the yen strengthened against the dollar, and at one point the yen exchange rate rose to the 144 yen level to the dollar for the first time in about three months.
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Dai-ichi Life Holdings plans to make TOB a wholly owned subsidiary of Benefit One next year
2023-12-07 21:30:00
Dai-ichi Life Holdings has announced that it will make a TOB (tender offer) for the shares of Benefit One, which handles corporate welfare services, and will make the company a wholly owned subsidiary in the future. This is in response to a company that operates a medical information site that has already announced its intention to acquire Benefit One and is proceeding with TOB procedures.
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Bank of Japan Governor Ueda's future monetary policy statements lead to stronger yen and weaker dollar
2023-12-07 21:14:00
Bank of Japan Governor Ueda attended the House of Councilors' Committee on Fiscal Policy and Financial Affairs on the 7th and stated, ``I think the future monetary policy will become even more challenging from the end of the year to next year.'' In response to this statement, there was growing speculation in the foreign exchange market that the Bank of Japan would take steps to revise its monetary policy, and at one point the yen appreciated against the dollar to the 144 yen level.
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Environmental assessment begins on the west side of the Linear Chuo Shinkansen from Nagoya
2023-12-07 20:24:00
JR Tokai President Shunsuke Niwa announced at a press conference that the company has begun an ``environmental assessment,'' including geological surveys, in preparation for the opening of the ``Linear Chuo Shinkansen'' west of Nagoya. Based on the survey results, the company will continue to narrow down routes and station locations.
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Yen market price rises to the 145 yen level for the first time in about 3 months
2023-12-07 18:25:00
The Tokyo foreign exchange market was on the 7th, with Bank of Japan Governor Ueda saying, "It will become even more challenging from the end of the year to next year," leading to speculation that the Bank of Japan might decide to revise its current large-scale monetary easing measures. As speculation spread that the yen would weaken against the dollar, the yen rose to the 145 yen level for the first time in about three months.
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Bank of Japan Governor Ueda's future monetary policy statements lead to stronger yen and weaker dollar
2023-12-07 18:13:00
Bank of Japan Governor Ueda attended the House of Councilors' Committee on Fiscal Policy and Financial Affairs on the 7th and stated, ``I think the future monetary policy will become even more challenging from the end of the year to next year.'' In response to this statement, there was growing speculation in the foreign exchange market that the Bank of Japan would take steps to revise its monetary policy, and the yen appreciated to the 145 yen level against the dollar.
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Toshiba and ROHM to jointly produce power semiconductors essential for EVs
2023-12-07 18:11:00
In order to strengthen the business of power semiconductors, which are essential for EVs (electric vehicles), domestic manufacturers have announced plans to join forces for joint production. Toshiba and semiconductor giant ROHM plan to collaborate by sharing production at their factories, and the Ministry of Economy, Trade and Industry plans to provide up to 120 billion yen in subsidies.
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Bank of Japan Governor Ueda meets Prime Minister Kishida and exchanges views on monetary policy
2023-12-07 17:44:00
Bank of Japan Governor Ueda met with Prime Minister Kishida on the 7th, and they exchanged views on monetary policy and trends in wages and prices.
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Stock price falls by more than 500 yen, export-related sales, profit-taking movements
2023-12-07 16:49:00
On the 7th, the Nikkei stock average on the Tokyo stock market fell by more than 500 yen.
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Japan, China, Korea and ASEAN High-Level Finance Meeting to Establish Emergency Financing Framework
2023-12-07 16:26:00
A meeting was held between high-ranking financial authorities of Japan, China, South Korea, and ASEAN (Association of Southeast Asian Nations) to create a new mechanism to urgently provide mutual funding in response to risks such as natural disasters and infectious diseases. We agreed on that.
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Yen exchange rate Temporarily in the high 145 yen/$1 range, the lowest level since September this year in about 3 months
2023-12-07 16:26:00
At the Tokyo foreign exchange market on the 7th, the yen exchange rate at one point rose to the low 145 yen level to the dollar, the lowest level since September this year in about three months. In response to Bank of Japan Governor Ueda's remarks, the market began to buy the yen as there was speculation that the Bank of Japan would change its monetary policy, leading to a narrowing of the interest rate differential between Japan and the United States.
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October economic trend index increased for 3 consecutive months, 0.2 points higher than the previous month
2023-12-07 15:41:00
The Cabinet Office announced this October's Economic Trend Index, which indicates the current state of the economy, at 115.9 based on 2020 as 100, an increase of 0.2 points from the previous month. The index has increased for three consecutive months.
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Stock prices temporarily fell by more than 600 yen; export-related stocks were also sold in the afternoon
2023-12-07 13:02:00
On the 7th, the Tokyo Stock Exchange and Nikkei Stock Average temporarily fell by more than 600 yen. Following the trend of falling stock prices in the New York market on the 6th, centered on high-tech stocks, sell orders were placed in a wide range of stocks such as semiconductors in the Tokyo market, and in the afternoon, export-related stocks such as automobiles also declined. It is sold and the decline is widening.
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Rakuten Group announces sale of Rakuten Bank shares for 60.6 billion yen to improve finances
2023-12-07 11:37:00
Rakuten Group has decided on the price and other conditions for a plan to sell a portion of its subsidiary Rakuten Bank's shares, and announced that the sale price will be 60.6 billion yen. The aim is to improve the group's financial position, which has been in the red due to a slump in its mobile phone business.
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Stock price temporarily fell by more than 500 yen due to falling prices in the NY market
2023-12-07 11:06:00
On the 7th, the Tokyo Stock Exchange and Nikkei Stock Average temporarily fell by more than 500 yen. In response to the decline in stock prices, mainly high-tech stocks, in the New York market on the 6th, sell orders have been placed in a wide range of stocks, including semiconductors, in the Tokyo market.
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Google announces new generation AI technology that can simultaneously understand images, sounds, etc.
2023-12-07 09:10:00
American IT giant Google has announced that it will begin providing new technology to run generative AI that can simultaneously understand not only text but also images and sounds and provide highly accurate answers and suggestions. This type of generative AI is called multimodal AI, and competition to develop it is becoming more intense in the United States.
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NY crude oil futures prices temporarily fall below $70 for the first time in 5 months
2023-12-07 08:49:00
On the 6th, in the New York crude oil market, international crude oil futures prices fell, temporarily dropping to 1 for the first time in five months, due to expectations that crude oil supply will exceed demand due to an increase in gasoline inventories in the United States. Barrel = below $70.
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Bank of Japan Monetary policy over the past 25 years The effect of pushing up consumer prices is about 1%
2023-12-07 07:37:00
The Bank of Japan has analyzed that while the so-called unconventional monetary policies over the past 25 years have contributed to pushing up the economy and prices to a certain extent, the effect of pushing up consumer prices has been only about 1%. I am.
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Tokyo 10% point return for QR code payments to start from March next year
2023-12-07 07:36:00
In order to support the lives of Tokyo residents who are affected by soaring prices, the Tokyo Metropolitan Government will begin an initiative from March next year to give back 10% of the amount paid through QR code payments in the form of points.
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Liberal Democratic Tax Commission considers income limit plan for annual income of 20 million yen regarding fixed tax reduction
2023-12-07 00:00:00
Regarding flat-rate tax cuts such as income tax, the Liberal Democratic Party's tax system research committee is considering the idea of setting an income limit at an annual income of 20 million yen, as there is a growing opinion that the wealthy should be excluded from the tax cuts.
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