Economic news(2024/02/05)
Keidanren and the Minister of Economy, Trade and Industry meet and agree to promote sustainable wage increases through public-private partnership
2024-02-05 21:13:00
Keidanren Chairman Tokura and Minister of Economy, Trade and Industry Saito met and agreed to promote investment through public-private collaboration that will strengthen the competitiveness of companies in order to achieve sustainable wage increases.
TOP
Automakers affected by heavy snow forecast, including cancellation of factory operations
2024-02-05 20:53:00
With heavy snow predicted to occur in the Kanto-Koshin region, automakers have been forced to cancel factory operations.
TOP
Three major financial groups' final profits hit record highs for April-December last year
2024-02-05 18:29:00
The financial results of the three major financial groups for the period from April to December of last year were all sluggish due to the increasing demand for funds for domestic capital investment and improving interest margins on overseas loans. Final profit reached an all-time high.
TOP
NYK Line cancels Red Sea voyage, bears additional fuel costs, negotiates with shipper
2024-02-05 18:21:00
Nippon Yusen, the largest shipping company, has canceled Red Sea sailings due to rising tensions between Yemen's Houthi rebels and the US military, and has been forced to bear the burden of additional fuel costs and other costs incurred by using detour routes. We have indicated that we will continue to negotiate with the shipper regarding this issue.
TOP
Yen market price drop by more than 1 yen compared to last weekend
2024-02-05 18:18:00
The yen exchange rate in the Tokyo foreign exchange market on the 5th, the first day of the week, fell by more than 1 yen compared to last weekend.
TOP
Successive Houthi ship attacks cause major trading companies to worry about rising shipping costs
2024-02-05 16:37:00
In response to a series of attacks on ships by the Houthis around the Red Sea, major trading companies are becoming increasingly concerned about rising shipping costs.
TOP
Stock prices rise, yen depreciates, and orders are placed to buy export-related stocks at department stores.
2024-02-05 15:52:00
The Tokyo stock market and the Nikkei average stock price rose on the 5th at the beginning of the week.
TOP
Toyota suspends operations at four domestic factories until February 9th due to certification fraud
2024-02-05 15:39:00
Toyota Motor Corporation has announced that it will extend the suspension of operations on six production lines at four domestic automobile plants until the 9th of this month due to fraud in obtaining certification for engines produced by Toyota Industries.
TOP
Spring labor unions at three major steel companies demand monthly wage increase of 30,000 yen, highest level in 50 years
2024-02-05 15:18:00
In this year's spring campaign, the labor unions of three major steel companies that are members of the Japan Federation of Labor Workers' Unions have compiled a policy proposal calling for a wage increase of 30,000 yen per month, the highest level in approximately 50 years, equivalent to the base increase.
TOP
Toyota suspends operations at four domestic factories until February 9th due to certification fraud
2024-02-05 13:06:00
Toyota Motor Corporation has announced that it will extend the suspension of operations on six production lines at four domestic automobile plants until the 9th of this month due to fraud in obtaining certification for engines produced by Toyota Industries.
TOP
Logistics “2024 Problem”: NHK survey prompts companies to take countermeasures
2024-02-05 04:34:00
When NHK conducted a survey of 100 major domestic companies regarding countermeasures for the "2024 problem" in logistics, 79 companies responded that they would "take measures," including their future plans. . There is an increase in the number of cases such as ``reviewing transportation schedules and delivery routes'' and ``joint transportation with other companies,'' which suggests that countermeasures are becoming more widespread.
TOP
Six major companies jointly launch new project to support local governments to address aging infrastructure issues
2024-02-05 00:00:00
As aging infrastructure such as bridges and waterworks becomes an issue across the country, six major companies, including JR West, NTT Group, and megabanks, have decided to jointly launch a new project to support local governments. We encourage cooperation among multiple local governments and provide support for fundraising.
TOP