Economic news(2024/02/02)
Why is new NISA personal money going to foreign stocks? [Economy column]
2024-02-02 21:57:00
One month has passed since “New NISA” started. Looking at where individuals' investment money goes, it turns out that most of it goes toward products that incorporate stocks from around the world or products that are linked to American stock indexes. With Japan's main stock indexes at their highest levels since the bubble period, why are individual investors choosing overseas financial products? (Economy Department reporter Aya Shinoda)
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Interest payment costs on government bonds estimated for FY2020 1.6 times higher than the new fiscal year Ministry of Finance
2024-02-02 21:07:00
The Ministry of Finance estimates that if long-term interest rates rise, the cost of interest payments on national bonds in the budget for FY2020, four years from now, will increase by about 1.6 times compared to the budget proposal for the new fiscal year, FY2020. It has been announced.
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Two major airline companies' financial results for the nine months ending December of last year: Increased sales and profits compared to the same period last year
2024-02-02 18:57:00
The two major airline companies have finalized their financial results for the nine months ending in December last year, and as passenger demand has increased significantly in Japan and overseas, both sales and final profits have increased significantly compared to the same period the previous year. Ta.
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Sumitomo Chemical downwardly revised this year's earnings forecast to end in a deficit of 245 billion yen
2024-02-02 18:30:00
Sumitomo Chemical has revised down its earnings forecast for the current fiscal year due to a slump in its pharmaceutical business and deteriorating global market conditions for petrochemical products, revealing that it expects to end up in the red with a final profit of 245 billion yen. Did. The company's policy is to quickly rebuild its business performance.
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Yen market price rises slightly; interest rate differential between Japan and the US is narrowing due to decline in US long-term interest rates
2024-02-02 18:24:00
In the Tokyo foreign exchange market on the 2nd, the yen rose slightly against the dollar as there was an awareness that the interest rate differential between Japan and the United States was narrowing due to the decline in long-term interest rates in the United States.
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Mitsui & Co. reserves over 12 billion yen for business losses in Russia, recorded in financial statements
2024-02-02 18:20:00
Mitsui & Co., a major trading company that invests in Russia's LNG (liquefied natural gas) development project, has been subject to sanctions by the U.S. government, and has made a reserve of over 12 billion yen in anticipation of losses. It was announced that this amount has been included in this year's financial results.
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Toyota Motor Corporation shortens operating time limit by approximately 30 minutes at domestic finished car plants
2024-02-02 15:26:00
Toyota Motor Corporation has announced that starting in February, it has shortened the maximum operating hours of its domestic vehicle factories by an average of 30 minutes per day. The aim is to create surplus capacity at production sites and strengthen human resource development and training, as well as to improve quality in response to a series of fraud cases at group companies.
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Ministry of Economy, Trade and Industry to support the development of generative AI by domestic startup companies
2024-02-02 13:24:00
As international competition for the development of generative AI intensifies, the Ministry of Economy, Trade and Industry will make cloud services used for AI data learning available for free to domestic start-up companies and universities, supporting the development of domestically produced generative AI. I decided to do it.
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Stock price rose by more than 400 yen at one point due to rise in major stock indexes in the US
2024-02-02 12:24:00
Stock prices rose by more than 400 yen at one point, as major stock indexes rose in the Tokyo stock market on the 2nd and in the United States on the 1st.
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Financial minister says to improve the environment as more people open 1-month NISA accounts to expand system
2024-02-02 10:58:00
Regarding NISA, a preferential tax system that has been expanded for a month, Minister of Finance Suzuki praised the increase in the number of people opening accounts, but also expressed his intention to work on improving the environment, such as ensuring customer-friendly operations.
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IT majors Apple Amazon Meta Financial results for the three months ending in December Increase in sales and profits
2024-02-02 10:18:00
American IT giants Apple, Amazon, and the former Facebook company Meta all posted increases in sales and profits for the three months ending in December last year.
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IT majors Apple Amazon Meta Financial results for the three months ending in December Increase in sales and profits
2024-02-02 08:17:00
On the 1st, American IT giants Apple and Amazon, as well as the former Facebook company Meta, each announced their financial results for the three months from October to December last year, and all of them posted increases in revenue and profits.
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NY Dow hits new all-time high, up $369 from the previous day
2024-02-02 07:26:00
In the New York stock market on the 1st, the Dow Jones Industrial Average rose by more than 300 points, hitting a new all-time high as there was renewed belief that inflation in the United States would be brought under control.
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UK central bank leaves policy interest rate unchanged for fourth consecutive time since September last year
2024-02-02 00:48:00
The UK's central bank, the Bank of England, announced on the 1st that it would keep interest rates unchanged. This is the fourth time in a row that interest rates have been left unchanged, and the Bank's policy is to maintain high interest rates in order to curb persistent inflation while assessing the impact on the economy.
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