Economic news(2023/12/08)
U.S. employment statistics for November: Employed persons Slightly exceeds market expectations, continues to be strong
2023-12-08 22:48:00
The US employment statistics for November have been released, and the number of non-agricultural workers increased by 199,000 from the previous month, slightly exceeding market expectations. Additionally, the unemployment rate improved by 0.2 points from the previous month to 3.7%. This indicates that although the tight labor market, which has been a factor in inflation, has eased, employment remains strong.
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Policy shift to the revitalization phase: Interview with Director-General Ito [Economic Column]
2023-12-08 20:52:00
Repayments for so-called "zero-zero loans" are in full swing, and some small and medium-sized enterprises are facing excessive debt burdens that threaten to continue their operations. Under these circumstances, the Financial Services Agency has made a major change in its approach to supporting small and medium-sized enterprises. We are encouraging financial institutions to move from the traditional "funding support" phase to the "business revitalization" phase. Why did the Financial Services Agency change its policy at this timing? (Economy Department reporter Mitsutsun Saito)
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Household consumption expenditure continues to decline. What are companies doing during the year-end sales season?
2023-12-08 19:10:00
In October this year, the amount spent by households of two or more people on consumption was 2.5% less than in the same month last year, excluding price changes. This was the eighth consecutive month of decline compared to the same month of the previous year, due to continued high temperatures and reduced spending on winter clothing. Companies are taking various initiatives to loosen the purse strings of consumers during the year-end sales season.
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Yen exchange rate rises by more than 1 yen following Bank of Japan Governor Ueda's remarks in the Diet
2023-12-08 18:41:00
In the Tokyo foreign exchange market on the 8th, in response to Bank of Japan Governor Ueda's remarks in the Diet on the 7th, there is a growing view that a shift in monetary policy is near, and the yen has fallen by 1 against the dollar. The price has increased by more than yen.
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Economic Watcher Survey for November: Indices showing the current situation are flat
2023-12-08 15:32:00
Last month's Economy Watcher survey, which asked working people how they felt about the economy, found that while consumption by foreign tourists was strong, there was also a decline in sales due to rising prices, so the index showing the current state of the economy was lower than that of the previous month. It has remained flat since then.
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Smartphone payment service “au PAY” app is restored
2023-12-08 15:24:00
According to KDDI, the smartphone payment service ``au PAY'' became unavailable or difficult to log in from around 12:25 p.m. on the 8th, but it was restored around 2:30 p.m. That's it.
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Stock prices fall by more than 600 yen Sell orders placed on a wide range of stocks, mainly export-related stocks
2023-12-08 14:25:00
On the 8th, the Tokyo stock market and Nikkei average stock price fell by more than 600 yen.
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Problem with smartphone payment service "au PAY" - Unable to use app
2023-12-08 14:09:00
According to KDDI, a problem has occurred with the smartphone payment service ``au PAY,'' and the app has been unavailable since around 12:25 p.m. on the 8th. The company is investigating the cause and proceeding with recovery efforts.
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Major life insurance company announces policy to acquire companies in different industries to strengthen profit base
2023-12-08 12:52:00
With the domestic insurance market expected to shrink due to population decline, major life insurance companies Nippon Life and Dai-ichi Life Holdings have announced plans to acquire companies in different industries one after another. Furthermore, Sumitomo Life has acquired venture companies that are developing businesses in the health field, in an effort to strengthen its earnings base.
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Stock prices fall by more than 500 yen Sell orders placed on a wide range of stocks, mainly export-related stocks
2023-12-08 12:44:00
Due to the appreciation of the yen on the Tokyo stock market and the foreign exchange market on the 8th, sell orders have been placed on a wide range of stocks, mainly export-related stocks, and the Nikkei Stock Average has fallen by more than 500 yen.
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Yen exchange rate In the New York market, 1 dollar = 141 yen level The yen is rapidly appreciating against the dollar
2023-12-08 12:21:00
On the 8th, the Tokyo foreign exchange market saw a sharp rise in the yen's appreciation against the dollar, as there was growing speculation that a change in monetary policy was near following Bank of Japan Governor Ueda's remarks at the Diet on the 7th. is.
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October Household Survey: Consumption expenditure decreased by 2.5%, down for 8 consecutive months from the previous year
2023-12-08 12:12:00
In October this year, the amount spent by households of two or more people on consumption was 2.5% less than in the same month last year, excluding price changes. This was the eighth consecutive month of declines compared to the same month of the previous year, due to factors such as lower spending on winter clothing due to continued high temperatures.
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Toshiba and ROHM collaborate in production sharing system to strengthen power semiconductor business
2023-12-08 12:00:00
To strengthen the business of power semiconductors, which are essential for EV = electric vehicles, Toshiba and major semiconductor company ROHM will collaborate in a way that will share production at their factories, and the Ministry of Economy, Trade and Industry will receive up to 129.4 billion yen. announced that it would support the
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October current account surplus for 9 consecutive months due to decline in energy resource prices
2023-12-08 11:36:00
October's current account balance, which shows how much money Japan has earned from overseas trade and investment, was in the black for the ninth consecutive month. The main reason for this is that the prices of energy resources such as crude oil have fallen compared to last year.
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Revised GDP growth rate for July-September revised downward to -2.9% on an annualized basis
2023-12-08 11:17:00
The revised value of GDP = gross domestic product from July to September this year has been revised downward by 0.8 points from the preliminary figure announced last month, with an annualized real growth rate of -2.9%.
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1 dollar = 141 yen level at one point, yen strengthens against dollar after Bank of Japan Governor's remarks
2023-12-08 11:13:00
In the foreign exchange market, the yen is strengthening against the dollar after Bank of Japan Governor Ueda said on the 7th that ``I think it will become even more challenging from the end of the year to next year'' regarding future monetary policy. .
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Revised GDP growth rate for July-September revised downward to -2.9% on an annualized basis
2023-12-08 10:01:00
The Cabinet Office announced on the 8th that the revised value of GDP = gross domestic product from July to September shows that the real growth rate compared to the previous three months was -2.9% on an annualized basis. This has been revised downward from the preliminary figure of -2.1% announced on the 15th of last month.
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Real wages in October decreased by 2.3% compared to the same month last year, negative for 19 consecutive months
2023-12-08 09:01:00
As prices continue to remain high, the real wage per worker in October decreased by 2.3% compared to the same month last year, marking the 19th consecutive month of negative wages.
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Basic Labor Federation's policy proposal to demand a basic wage increase of 12,000 yen or more per month
2023-12-08 05:58:00
The Japan Federation of Labor Unions, which is made up of labor unions in industries such as steel and shipbuilding, has proposed a policy that calls for a basic wage increase of at least 12,000 yen per month, more than three times this year's wage, as the equivalent of a base increase in next year's spring labor union. . Other industrial unions are also making demands that are even stronger than the level of this year's spring labor movement, and the momentum toward wage increases is growing.
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1 dollar = 141 yen level rises for the first time in about 4 months NY foreign exchange market
2023-12-08 04:39:00
On the 7th, in the New York foreign exchange market, the yen appreciated against the dollar as there was widespread speculation that the Bank of Japan might decide to revise its current large-scale monetary easing measures, leading to an awareness of the narrowing of the interest rate differential between Japan and the United States. The value of the yen continued to decline, and at one point the yen rose to the 141 yen level to the dollar for the first time in about four months.
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