Economic news(2023/12/26)
Japan Electric Power Industry Association new rules to ensure fair competition in response to cartel issue in electricity sales
2023-12-26 21:29:00
In response to an issue in which some major electric power companies were allegedly forming a cartel over the sale of electricity to business operators, the Federation of Electric Power Companies of Japan has announced new rules for electric power companies to ensure fair competition. It has been established. When companies exchange information related to the federation's activities, they do not share information on electricity rates.
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Public consideration of new name for My Number Card In line with the introduction of the new card
2023-12-26 20:27:00
The Digital Agency is currently considering a new name for the new My Number Card, which it aims to introduce in 2026, including a public call for a new name to replace the current name.
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Four major non-life insurance companies ordered to improve their operations over advance adjustment of insurance premiums Financial Services Agency
2023-12-26 19:21:00
On the 26th, the Financial Services Agency issued business improvement orders to the four major non-life insurance companies based on the Insurance Business Law due to a problem in which they were adjusting premiums for commercial insurance in advance. Furthermore, this time, advance price adjustments were confirmed in contracts with 576 companies and local governments.
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Daihatsu head office factory also suspended Production at all domestic automobile factories
2023-12-26 19:18:00
Daihatsu Motor Co., Ltd. suspended operations at its main factory in Ikeda City, Osaka on the 26th due to the issue of fraudulent acquisition of national certification, and halted vehicle production at all domestic automobile factories. The company plans to provide employees with leave benefits for the time being during nighttime hours, but as there is no prospect of resumption, future measures have not been decided.
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Four major non-life insurance companies ordered to improve their operations over advance adjustment of insurance premiums Financial Services Agency
2023-12-26 18:55:00
On the 26th, the Financial Services Agency issued business improvement orders to the four major non-life insurance companies based on the Insurance Business Law due to a problem in which they were adjusting premiums for commercial insurance in advance. Furthermore, this time, advance price adjustments were confirmed in contracts with 576 companies and local governments.
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Yen market: small price movements
2023-12-26 18:54:00
In the Tokyo foreign exchange market on the 26th, the yen exchange rate had small price movements.
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Haneda Airport enters the year-end and New Year period when there are many passengers, so measures such as increasing staff are being taken
2023-12-26 18:19:00
Ahead of the year-end and New Year holidays, Haneda Airport is entering a period when the number of passengers from major airlines increases, and the number of baggage counters and staff has been increased to cope with the increase.
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Four major non-life insurance companies ordered to improve their operations over advance adjustment of insurance premiums Financial Services Agency
2023-12-26 18:15:00
On the 26th, the Financial Services Agency issued business improvement orders to the four major non-life insurance companies based on the Insurance Business Law due to a problem in which they were adjusting premiums for commercial insurance in advance. Furthermore, this time, advance price adjustments were confirmed in contracts with 576 companies and local governments.
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Daihatsu head office factory also suspended Production at all domestic automobile factories
2023-12-26 18:10:00
Daihatsu Motor Co., Ltd. suspended operations at its main factory in Ikeda City, Osaka on the 26th due to the issue of fraudulent acquisition of national certification, and halted vehicle production at all domestic automobile factories. The company plans to provide employees with leave benefits for the time being during nighttime hours, but as there is no prospect of resumption, future measures have not been decided.
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“Not being able to work is a matter of life and death” Shortage of electric wires and cables
2023-12-26 17:00:00
NHK's information service ``News Post'' received a series of complaints about the shortage of electrical wires and cables for construction, which is having an impact. All major manufacturers have stopped accepting new orders, and there are concerns about construction delays. I looked into what was happening.
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Number of domestic guests in November: 53.56 million, an increase of 16.9% compared to the same month last year Japan Tourism Agency
2023-12-26 16:13:00
According to the Japan Tourism Agency, the number of people who stayed at domestic hotels and inns last month totaled 53.56 million, an increase of 16.9% from the same month last year.
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Stock prices Slight price movements Foreign investors are on vacation and there are few transactions
2023-12-26 16:10:00
On the Tokyo stock market on the 26th, stock prices showed slight price movements.
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“1 Yen Smartphone” regulations tightened tomorrow “Excessive discounts expected to be curbed” Minister of Internal Affairs and Communications
2023-12-26 15:41:00
Regulations against so-called ``1 yen smartphones,'' which sell smartphones at extremely low prices, will be tightened from the 27th. Minister of Internal Affairs and Communications Matsumoto said at a press conference, ``I hope that excessive discounting will be restrained.''
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Daihatsu head office factory also suspended Production at all domestic automobile factories
2023-12-26 12:40:00
Daihatsu Motor Co., Ltd. suspended operations at its main factory in Ikeda City, Osaka on the 26th due to the issue of fraudulent acquisition of national certification, and halted car production at all domestic automobile factories. With no prospect of reopening, employees working at the factory are expressing concerns.
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Stock price Small price movements “Price movements are limited and lack a sense of direction”
2023-12-26 12:12:00
Stock prices on the Tokyo stock market on the 26th showed slight price movements.
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Daihatsu head office factory also suspended Production at all domestic automobile factories
2023-12-26 12:06:00
Daihatsu Motor Co., Ltd. suspended operations at its main factory in Ikeda City, Osaka on the 26th due to the issue of fraudulent acquisition of national certification, and halted car production at all domestic automobile factories. With no prospect of reopening, employees working at the factory are expressing concerns.
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Four major non-life insurance companies ordered to improve their operations due to advance adjustment of insurance premiums for companies
2023-12-26 11:12:00
Regarding the issue of four major non-life insurance companies adjusting insurance premiums for businesses in advance, Minister of Finance Suzuki announced that he had issued a business improvement order to the four companies based on the Insurance Business Law. The four companies that were penalized were Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, Mitsui Sumitomo Insurance, and Aioi Nissay Dowa Insurance.
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Last year's milk production cost per dairy cow: National average of over 1 million yen, highest ever
2023-12-26 07:45:00
In 2022, the national average cost to produce milk for each dairy cow was more than 1 million yen, the highest since statistics began being kept. This was due to the rise in the price of grain, which is used as feed, due to Russia's invasion of Ukraine.
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IHI Defense Division further raises personnel expansion plan to strengthen engine development
2023-12-26 07:11:00
IHI, a major machinery manufacturer, has announced that it has further increased its defense sector personnel expansion plan, which was decided in September this year, as the government increases defense spending. The plan is to hire 300 new people, increasing the number of personnel to more than 1.5 times the current number, and strengthening efforts such as engine development for the next generation of fighter jets.
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Japan's dollar-denominated GDP as a share of the world's total fell to an all-time low last year
2023-12-26 04:50:00
In 2022, Japan's dollar-denominated GDP (gross domestic product) will account for 4.2% of the world total, the lowest since 1980, when statistics are comparable. This was due to the depreciation of the yen, which reduced GDP when converted to dollars.
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