This page is the news announced by NHK, a representative TV station in Japan.

Economic news(2023/12/14)


Kyoto   Hakone

UK central bank leaves policy interest rate unchanged for third consecutive time

2023-12-14 23:01:00
The UK's central bank, the Bank of England, announced that it would keep interest rates unchanged. This is the third time in a row that interest rates have been left unchanged, with the aim of maintaining high interest rates against the backdrop of declining inflation while assessing the impact on the economy.

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European Central Bank leaves main policy interest rate unchanged for second consecutive time

2023-12-14 22:32:00
The European Central Bank held a monetary policy meeting on the 14th and decided to keep its main policy interest rate unchanged at 4.5%. This is the second time in a row that interest rates have been left unchanged, following the previous meeting in October this year. The growth rate of the consumer price index in the euro area has slowed down to its lowest level in 2 years and 4 months in November, and the rapid pace of interest rate hikes is having a negative impact on the economy. It seems that consideration was also given to

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UK central bank leaves policy interest rate unchanged for third consecutive time

2023-12-14 21:29:00
The UK's central bank, the Bank of England, announced on the 14th that it would keep its policy interest rate unchanged at the current 5.25%. Interest rates have been left unchanged for the third time in a row since September this year. The UK's inflation rate has been on the decline recently, and the Bank will continue to maintain high interest rates while assessing the impact on the economy.

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London exchange market yen exchange rate 1 dollar = mid-141 yen range

2023-12-14 19:51:00
In the London foreign exchange market on the 14th, the yen was appreciating against the dollar compared to the 13th, as there was widespread speculation that the Federal Reserve, the central bank of the United States, would cut interest rates early. The market price is 1 dollar = mid-141 yen.

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Large IT companies will be required to pay consumption tax through overseas apps

2023-12-14 19:49:00
The smartphone app market continues to expand due in part to the growing popularity of online games. The Liberal Democratic Party and New Komeito Party's tax reform outline for next fiscal year, which was decided on the 14th, states that the consumption tax liability on sales of apps by overseas business operators will be increased by companies such as IT majors, rather than app sellers. The policy includes the introduction of a new system that will be imposed on companies operating "stores". The aim is to eliminate the imbalance between domestic and overseas businesses regarding consumption tax.

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Outline of tax reform decided; system design for fixed income tax reduction, etc. Liberal-Kokem parties

2023-12-14 19:02:00
On the 14th, both the Liberal Democratic Party and the New Komeito Party decided on next year's tax reform outline, including the establishment of an income limit that would exclude people with an annual income of more than 20 million yen from receiving fixed-amount tax cuts such as income tax. On the other hand, the government has postponed deciding on a specific start date for the tax increase aimed at securing funding for defense spending.

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Yen market price temporarily rose to the low 140 yen level for the first time in about 4 and a half months

2023-12-14 18:27:00
On the 14th, in the Tokyo foreign exchange market, the yen rapidly appreciated against the dollar due to widespread speculation that the United States would cut interest rates soon, and the yen exchange rate temporarily fell to 140 yen to the dollar for the first time in about four and a half months. Prices rose until the late 20s.

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Outline of tax reform decided; system design for fixed income tax reduction, etc. Liberal-Kokem parties

2023-12-14 18:14:00
On the 14th, both the Liberal Democratic Party and the New Komeito Party decided on next year's tax reform outline, including the establishment of an income limit that would exclude people with an annual income of more than 20 million yen from receiving fixed-amount tax cuts such as income tax. On the other hand, the government has postponed deciding on a specific start date for the tax increase aimed at securing funding for defense spending.

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Large IT companies will be required to pay consumption tax through overseas apps

2023-12-14 17:20:00
The smartphone app market continues to expand due in part to the growing popularity of online games. The Liberal Democratic Party and New Komeito Party's tax reform outline for next fiscal year, which was decided on the 14th, states that the consumption tax liability on sales of apps by overseas business operators will be increased by companies such as IT majors, rather than app sellers. The policy includes the introduction of a new system that will be imposed on companies operating "stores". The aim is to eliminate the imbalance between domestic and overseas businesses regarding consumption tax.

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Survey of promising destinations for Japanese companies; India ranks first for second consecutive year; China ranks third

2023-12-14 16:52:00
A survey asking Japanese companies about promising overseas expansion destinations has been concluded, and India has ranked first for the second year in a row. On the other hand, China has dropped from second place last year to third place, and the percentage of responding companies is the lowest since the survey began in 1992.

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Outline of tax reform decided; system design for fixed income tax reduction, etc. Liberal-Kokem parties

2023-12-14 16:49:00
On the 14th, both the Liberal Democratic Party and the New Komeito Party decided on next year's tax reform outline, including the establishment of an income limit that would exclude people with an annual income of more than 20 million yen from receiving fixed-amount tax cuts such as income tax. On the other hand, the government has postponed deciding on a specific start date for the tax increase aimed at securing funding for defense spending.

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Osaka/Kansai Expo: Proposed operating cost of 116 billion yen, more than 40% more than originally estimated

2023-12-14 16:26:00
At a board meeting on the 14th, the Japan Expo Association, which is the organizer of the Osaka-Kansai Expo, presented a proposed plan that would cost 116 billion yen in operating costs, more than 40% more than originally estimated.

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Osaka/Kansai Expo: Proposed operating cost of 116 billion yen, more than 40% more than originally estimated

2023-12-14 16:07:00
At a board meeting on the 14th, the Japan Expo Association, which is the organizer of the Osaka-Kansai Expo, presented a proposed plan that would cost 116 billion yen in operating costs, more than 40% more than originally estimated.

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Stock price fell by more than 400 yen at one point, with rapid appreciation of the yen and weakening of the dollar

2023-12-14 15:56:00
On the 14th, the Tokyo stock market saw the rapid appreciation of the yen and the depreciation of the dollar, leading to sell orders for export-related stocks such as automobiles, and the Nikkei Stock Average at one point fell by more than 400 yen.

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NTT's landline phones to begin work to migrate to the same "IP network" as the Internet

2023-12-14 15:40:00
Work will begin in January next year to migrate NTT's fixed-line telephone lines nationwide to a system similar to the Internet, called an ``IP network.'' As a result, call charges, which previously increased depending on distance, will now be 9.35 yen every 3 minutes nationwide.

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Survey of promising destinations for Japanese companies; India ranks first for second consecutive year; China ranks third

2023-12-14 14:31:00
A survey asking Japanese companies about promising overseas expansion destinations has been concluded, and India has ranked first for the second year in a row. On the other hand, China has dropped from second place last year to third place, and the percentage of responding companies is the lowest since the survey began in 1992.

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Yen market price temporarily rose to the low 140 yen level since July this year

2023-12-14 14:18:00
In the Tokyo foreign exchange market on the 14th, the yen rapidly appreciated against the dollar due to widespread speculation that the United States would cut interest rates soon, and the yen exchange rate briefly rose to the high 140 yen level to the dollar. . It is the first time since July of this year that the dollar has been in the 140 yen range.

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Toshiba's new management structure, President Shimada continues, more than half of directors are fund executives

2023-12-14 14:04:00
Toshiba has announced a new management structure after going private through an acquisition by an investment fund, with President Taro Shimada continuing in his role. With a system in which more than half of the board members are fund executives, the challenge is how to improve management efficiency and invest in growth for the future while maintaining a unifying force from within the company.

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Yen market price has risen to the low 140 yen level since July this year

2023-12-14 13:06:00
In the Tokyo foreign exchange market on the 14th, the yen appreciated against the dollar, and in the afternoon the yen exchange rate rose to the upper 140 yen range to the dollar. It is the first time since July of this year that the dollar has been in the 140 yen range.

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Japan and ASEAN young business leaders discuss strengthening relations Nagano

2023-12-14 13:02:00
An event is being held in Karuizawa, Nagano Prefecture, where young business leaders from Japan and ASEAN (Association of Southeast Asian Nations) will gather to exchange opinions on ways to strengthen relations.

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Yen market price temporarily rises to low 142 yen level NY Dow hits new all-time high

2023-12-14 08:31:00
In the New York financial market on the 13th, expectations for an interest rate cut next year spread following the results of the Federal Reserve Board meeting and Chairman Powell's press conference. At one point, the yen appreciated by about 3 yen to the low 142 yen level to the dollar, and the Dow Jones Industrial Average rose significantly, hitting a new all-time high.

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US Federal Reserve postpones interest rate hike for 3rd consecutive meeting, expects at least 3 rate cuts next year

2023-12-14 07:49:00
The Federal Reserve Board of the United States (Federal Reserve System) held a meeting to decide on monetary policy, and on the 13th, it decided not to raise interest rates for the third consecutive meeting as inflation was on the decline. At the same time, the outlook for policy interest rates was presented by the participants of the meeting, and it was assumed that interest rates would be cut at least three times a year next year and in 2024.

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Yen market price temporarily rises to the upper 142 yen range NY Dow hits new all-time high

2023-12-14 07:26:00
In the New York financial market on the 13th, expectations for next year's interest rate cuts grew in response to the results of the Federal Reserve Board meeting and Chairman Powell's press conference, and the yen exchange rate briefly fell to the high 142 yen level to the dollar. In addition to the yen's appreciation, the Dow Jones Industrial Average rose significantly, reaching an all-time high of over $37,000 for the first time.

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US Federal Reserve postpones interest rate hike for 3rd consecutive meeting, expects at least 3 rate cuts next year

2023-12-14 06:14:00
The Federal Reserve Board of the United States (Federal Reserve System) held a meeting to decide on monetary policy, and on the 13th, it decided not to raise interest rates for the third consecutive meeting as inflation was on the decline. At the same time, the outlook for policy interest rates was presented by the participants of the meeting, and it was assumed that interest rates would be cut at least three times a year next year and in 2024.

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Yen price temporarily rose to the low 142 yen level to the dollar due to Fed meeting

2023-12-14 05:23:00
In the New York foreign exchange market on the 13th, the yen appreciated in response to the results of the Federal Reserve Board meeting and Chairman Powell's subsequent press conference, and the yen exchange rate had been hovering around 145 yen to the dollar before the announcement. At one point, the price rose by more than 2 yen to the low 142 yen level to the dollar. The outlook for policy interest rates was presented by participants at the Fed's meeting, and it was assumed that interest rates would be cut at least three times a year next year and 2024, so people bought the yen with an awareness of the narrowing of the interest rate differential between Japan and the United States. The movement to sell dollars intensified.

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Osaka/Kansai Expo operating costs estimated to be 116 billion yen, about 40% more than expected

2023-12-14 05:12:00
The Expo Association, which is the organizer of the Osaka-Kansai Expo, has carefully examined the operating costs, taking into account rising personnel costs and other factors, and found that the operating costs will be 116 billion yen, more than 40% higher than the originally expected 80.9 billion yen. Through interviews with the people involved, we found out that this estimate has been compiled. The association plans to cover most of its operating costs through revenue from ticket sales, but the challenge is whether it can increase interest in the Expo and generate steady sales.

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Bank of Japan Tankan: Small and medium-sized enterprises' economic outlook improves, but the feeling of labor shortage grows stronger

2023-12-14 04:48:00
According to the Tankan (Short-term Economic Observation Survey on Enterprises) released by the Bank of Japan on the 13th, the index showing the economic outlook of small and medium-sized enterprises has improved in both the manufacturing and non-manufacturing industries, but the feeling of labor shortage among small and medium-sized enterprises is increasing. I understand that.

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Kyoto   Mt.Fuji


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