Economic news(2024/01/24)
Administrative guidance given to two NTT West subsidiaries due to information leakage by former temporary employees
2024-01-24 19:39:00
A former temporary employee of a subsidiary of NTT West illegally leaked more than 9 million pieces of personal information, and the government's Personal Information Protection Commission has accused the two subsidiaries involved of failing to take appropriate measures. We provided administrative guidance for improvements.
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Will deflation be overcome by the ``transfer of labor costs to prices'' that worries small and medium-sized business presidents?
2024-01-24 18:57:00
``We have no choice but to pass on the price increase in raw materials to the selling price.On the other hand, how much should we include labor costs?''While there is a growing movement to raise wages due to labor shortages, small and medium-sized enterprises Some say that it is difficult to pass on prices that include labor costs. We asked experts about how to raise wages at small and medium-sized enterprises, which is considered the key to creating a virtuous economic cycle in which wages and prices rise stably.
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The yen has fallen somewhat against the dollar.
2024-01-24 18:29:00
At the Tokyo foreign exchange market on the 24th, the yen depreciated somewhat against the dollar.
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Daihatsu to start compensation for first-tier subcontractors within this month
2024-01-24 18:07:00
Daihatsu Motor Co., Ltd. has announced that it will begin compensating its primary subcontractors within the month due to the suspension of factory operations due to fraud in obtaining national certification. On the other hand, compensation for secondary and tertiary subcontractors will be provided through the primary subcontractors, and action is urgently needed.
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Honda union to demand 20,000 yen monthly wage increase in spring strike, highest level in 32 years
2024-01-24 18:00:00
During this year's spring labor union, Honda's labor union decided to demand a monthly wage increase of 20,000 yen, the highest level in 32 years. Mazda's labor union also plans to demand the largest wage increase in six years, and automakers are making demands for higher standards one after another.
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Union's ``crucial moment'': Can the wage increase momentum be maintained? Spring labor has effectively started
2024-01-24 17:53:00
A Labor-Management Forum was held on the 24th in which Keidanren and Rengo explained their wage increase policies, effectively marking the start of this year's spring labor movement. The focus is on whether we can maintain the momentum of wage increases and whether we can completely break out of deflation.
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``Forex trading'' through SNS such as LINE: Increase in investment troubles - call for attention
2024-01-24 17:19:00
The National Consumer Affairs Center of Japan is warning people not to engage in easy transactions, as there have been a number of investment troubles involving FX transactions, which involve buying and selling foreign currencies, through SNS such as LINE.
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Survey of 100 domestic companies divided on whether Japan's economy is ``escape from deflation''
2024-01-24 17:09:00
NHK conducted a survey of 100 major domestic companies to see if they thought the current state of the Japanese economy had "escaped deflation," and found that 21 companies said they had "escaped from deflation" and 36 companies said they had "not." , judgment was divided.
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Union's ``crucial moment'': Can the wage increase momentum be maintained? Spring labor has effectively started
2024-01-24 17:05:00
A Labor-Management Forum was held on the 24th in which Keidanren and Rengo explained their wage increase policies, effectively marking the start of this year's spring labor movement. The focus is on whether we can maintain the momentum of wage increases and whether we can completely break out of deflation.
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Stock prices fall; moves to take profits intensify following Bank of Japan monetary policy meeting
2024-01-24 16:08:00
On the 24th, the Tokyo stock market and Nikkei average stock price fell.
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Daihatsu recalls more than 320,000 vehicles, all doors may be locked due to side collision
2024-01-24 15:56:00
Automobile manufacturer Daihatsu Motor Corporation has submitted a recall to the Ministry of Land, Infrastructure, Transport and Tourism for more than 320,000 vehicles in two models due to concerns that all doors may become locked in the event of a side-to-side collision. This problem was discovered during an investigation into the issue of fraudulently obtaining national certification.
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Domestic shipments of white goods last year were negative for the first time in two years
2024-01-24 15:18:00
Domestic shipments of white goods last year were negative for the first time in two years, and the main reason for this was a change in consumer awareness, placing more emphasis on traveling and going out amid rising prices.
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Japan-China Economic Association meets with Chinese executives and agrees to strengthen cooperation for decarbonization
2024-01-24 15:17:00
On the 24th, a delegation from the Japan-China Economic Association, which is visiting China for the first time in four years, met with executives in charge of economic policy in the Chinese government, and agreed to work together toward decarbonization, a common issue for both countries. We agreed to strengthen our efforts.
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The spring labor union has effectively started, and the focus is on maintaining the momentum of wage increases and completely overcoming deflation.
2024-01-24 14:44:00
A Labor-Management Forum was held on the 24th in which Keidanren and Rengo explained their wage increase policies, effectively marking the start of this year's spring labor movement. The focus is on whether we can maintain the momentum of wage increases and whether we can completely break out of deflation.
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The spring labor union has effectively started, and the focus is on maintaining the momentum of wage increases and completely overcoming deflation.
2024-01-24 12:11:00
A Labor-Management Forum was held on the 24th in which Keidanren and Rengo explained their wage increase policies, effectively marking the start of this year's spring labor movement. The focus is on whether we can maintain the momentum of wage increases and whether we can completely break out of deflation.
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stock price fall
2024-01-24 12:06:00
On the 24th, the Tokyo stock market and Nikkei Stock Average are falling.
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Last year's trade balance was a deficit of over 9 trillion yen.Despite the amount shrinking, the deficit remained for the third consecutive year.
2024-01-24 11:10:00
According to trade statistics for last year, the trade balance (exports minus imports) was in the red by more than 9 trillion yen. This is the third year in a row that we have been in the red, and the deficit has shrunk from the year before, when it was the largest ever.
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Visiting delegation from the Japan-China Economic Association will hold talks with Chinese government officials from the 24th
2024-01-24 10:01:00
A visiting delegation from the Japan-China Economic Association, which includes representatives from the Japanese business community, has resumed its visit to China and will hold talks with senior Chinese government officials from the 24th. He is scheduled to meet with Prime Minister Li Qiang on the 25th, and attention will be focused on the outcome of the discussion, including economic issues between the two countries.
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Last year's trade balance was in deficit for three consecutive years, and the deficit narrowed due to falling prices of crude oil etc.
2024-01-24 09:25:00
According to trade statistics for last year released by the Ministry of Finance, the trade balance (exports minus imports) was in the red at 9,291.4 billion yen. This is the third consecutive year that Japan's trade balance has been in the red, and last year the deficit shrank from its largest ever of more than 20 trillion yen in 2019, due to a decline in the prices of crude oil and other energy.
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Daihatsu plans not to resume production of all but two commercial vehicle models until the middle of next month
2024-01-24 07:44:00
Daihatsu Motor Co., Ltd. has decided not to resume production until at least the middle of next month, with the exception of two commercial vehicle models, which it plans to resume production of, due to the suspension of factory operations due to fraudulent acquisition of national certification. The company is currently considering specific measures to compensate its business partners.
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Bank of Japan Governor Ueda: 2% price stability target “more likely to be achieved”
2024-01-24 07:13:00
On the 23rd, the Bank of Japan decided to maintain its monetary easing policy, but Governor Ueda expressed the view that the ``certainty of achieving the 2% price stability target'' is "gradually increasing." There is a perception in the market that the timing for a policy change is approaching, and the focus will be on what kind of policy decisions the Bank of Japan will make at its next meeting in March and beyond.
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This year's wage increase: survey of 100 major domestic companies, momentum maintained
2024-01-24 06:47:00
When NHK conducted a survey of 100 major domestic companies regarding this year's wage increases, 45 companies answered that they would ``increase'' or ``there is a high possibility of raising wages.'' With the exception of those who are "under consideration," most respondents said that the level of wage increases would be either "more than the previous year" or "the same as the previous year," indicating that the momentum of wage increases is expected to be maintained to a certain degree.
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The spring labor union has effectively started, and the focus is on maintaining the momentum of wage increases and completely overcoming deflation.
2024-01-24 06:43:00
This year's spring fighting will virtually start on the 24th. The focus is on whether the economy can maintain the momentum of last year, which saw the highest wage increase rate in 30 years, and whether it can lead to a complete breakaway from deflation.
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Yen market The NY market took a turn and the yen depreciated, temporarily dropping to the low 148 yen range.
2024-01-24 06:32:00
In the foreign exchange market on the 23rd, Bank of Japan Governor Ueda's remarks were perceived as positive for revisions to monetary easing measures, and the yen briefly appreciated in the Tokyo market, but the yen changed direction in the New York market and swung toward a weaker yen. At one point, the price dropped to the low 148 yen range to the dollar.
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