Economic news(2023/12/15)
Surveillance Commission recommends disciplinary action for accepting initial price increase orders for SBI Securities IPO stocks
2023-12-15 21:15:00
Regarding IPO (Initial Public Offering), where a company newly lists its shares, SBI Securities, the largest online securities company, is under surveillance for accepting buy orders knowing that the orders were intended to inflate the "initial price" after listing. The committee recommended that the Financial Services Agency take administrative action.
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Utilizing new government bonds through decarbonization: 13 trillion yen support package for private investment Government
2023-12-15 19:19:00
The government has compiled a total of 13 trillion yen in support measures to support private investment by utilizing new government bonds in order to realize a decarbonized society. The plan includes support for reducing the price difference between fossil fuels and hydrogen, which is expected to become a next-generation energy source.
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Yen market: small price movements
2023-12-15 18:30:00
In the Tokyo foreign exchange market on the 15th, the yen exchange rate showed slight price movements.
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Fed Chairman Shocking! Dovish “intervention” When will interest rates be cut? [Economy column from DC]
2023-12-15 18:04:00
The yen rapidly appreciated by more than 4 yen, and the Nikkei Stock Average also fell sharply. The dovish remarks of the US Federal Reserve Board Chairman Jerome Powell had considerable destructive power. At the last FOMC (Federal Open Market Committee) meeting of the year, the participants presented their interest rate forecasts, and it was predicted that interest rates would be cut at least three times next year, 2024. When will interest rates start to be cut? And will next year be a ``year of strong yen''? (Washington bureau reporter Takuya Odajima)
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Stock price rose by more than 400 yen at one point, but the yen appreciated and the rate of increase narrowed
2023-12-15 15:54:00
Stock prices rose on the Tokyo stock market on the 15th.
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National bonds issued to TEPCO to be raised to 15.4 trillion yen as compensation costs are expected to increase
2023-12-15 14:29:00
As the cost of compensation for the accident at TEPCO's Fukushima Daiichi Nuclear Power Plant is expected to increase, the government will increase the issuance limit for government bonds, which are the source of funds for lending to TEPCO, by 1.9 trillion yen. We have decided on a policy to raise this amount to 15.4 trillion yen.
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Yen market price temporarily rose to the mid-141 yen level in the NY market
2023-12-15 01:54:00
At the New York foreign exchange market on the 14th, the yen continued to buy yen and sell dollars due to the belief that the interest rate differential between Japan and the United States would narrow next year, and the yen exchange rate at one point rose to the mid-141 yen level to the dollar.
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European Central Bank leaves main policy interest rate unchanged for second consecutive time
2023-12-15 01:52:00
The European Central Bank held a monetary policy meeting and decided to leave the key policy interest rate unchanged for the second consecutive meeting. The decision was made in consideration of the impact of monetary tightening amid growing economic uncertainty in Germany and other countries.
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US retail sales in November exceeded the previous month for the first time in two months
2023-12-15 01:38:00
Last month's retail sales in the United States increased by 0.3% compared to the previous month, exceeding the previous month for the first time in two months. This shows the solidity of consumer spending, which has supported the American economy.
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