Economic news(2024/02/06)
Keidanren Chairman Tokura, Expo ``Failure to recognize the situation that will impede recovery and reconstruction''
2024-02-06 21:13:00
Regarding the impact of the Osaka-Kansai Expo on the recovery of the areas affected by the Noto Peninsula Earthquake, Keidanren Chairman Tokura stated, ``At this point, we are not aware of any situation that would impede recovery and reconstruction,'' and plans are being made for next year's event. We reiterated our intention to proceed with preparations as scheduled.
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Taiwan TSMC officially announces construction of Japan's second semiconductor factory in Kumamoto Prefecture
2024-02-06 21:12:00
On the night of the 6th, Taiwan's TSMC, the world's largest contract manufacturer of semiconductors, officially announced that it will build Japan's second semiconductor factory in Kumamoto Prefecture in collaboration with the Sony Group and others.
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Air Japan unveils new low-priced brand in-flight ahead of flight launch on the 9th
2024-02-06 19:13:00
Air Japan, a subsidiary of ANA Holdings, has unveiled the inside of an aircraft that will be used on the route between Narita Airport and Bangkok, Thailand, which will begin service on February 9th. It is a new low-priced brand that operates medium-haul international routes, and is a ``third brand'' that is conscious of being somewhere between a full-service and LCC (low-cost airline).
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Yen market: small price movements
2024-02-06 19:02:00
In the Tokyo foreign exchange market on the 6th, the yen exchange rate showed slight price movements.
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Sharp's final profit and loss forecast for this fiscal year has been revised downward to a deficit of 10 billion yen
2024-02-06 18:50:00
Sharp has revised its final profit and loss forecast for the current fiscal year downward from a surplus of 10 billion yen to a deficit of 10 billion yen. The main factor is that the recovery in demand for LCD panels is slower than expected, and the company is expected to end up in the red for the second consecutive year.
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Bank of Japan Governor Ueda intends to proceed with discussions on revising ETF purchasing policy
2024-02-06 17:22:00
Bank of Japan Governor Ueda attended the Budget Committee of the House of Representatives and talked about the purchase policy of exchange-traded funds (ETFs) as part of the large-scale monetary easing measures, saying, ``The 2% price target can now be seen in a sustainable and stable manner.'' ``We will consider whether it is advisable to continue the policy from time to time,'' he said, indicating his intention to proceed with discussions on the review of the negative interest rate policy.
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Yoshihisa Kitano appointed as new president of JFE Holdings Personnel announcement
2024-02-06 16:53:00
JFE Holdings, a major steel company, has announced that Yoshihisa Kitano, president of JFE Steel, an operating company under its umbrella, will be appointed as its new president on April 1st.
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KDDI makes tender offer for Lawson shares and enters into joint management with Mitsubishi Corporation
2024-02-06 16:44:00
Telecommunications giant KDDI has announced that it will make a TOB (tender offer) for the convenience store giant Lawson and hold 50% of its shares. Lawson plans to jointly manage the company with Mitsubishi Corporation, Lawson's parent company, and mutually utilize each company's store networks to strengthen its business.
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Where does the title of ``Japan's best'' gyoza ramen consumption come from? household budget survey
2024-02-06 15:30:00
``Gyoza'' and ``ramen'' sparks fly every year over the title of ``Japan's best''. Rather than competing on taste, we are talking about the amount of gyoza purchased per household per year and the amount spent on eating out for ramen. Which local government became “No. 1 in Japan” this year? On the 6th, the results of the Ministry of Internal Affairs and Communications' household budget survey were announced.
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Toyota 9-month group financial results Operating profit exceeds 4 trillion yen for the first time, highest ever
2024-02-06 15:28:00
Toyota Motor Corporation's group-wide financial results for the period from April to December last year showed that operating income exceeded 4 trillion yen for the first time, a record high, due to strong sales in all regions. The company has also revised its earnings forecast for the current fiscal year upward, with final profits expected to exceed 4 trillion yen for the first time.
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KDDI makes tender offer for Lawson shares and enters into joint management with Mitsubishi Corporation
2024-02-06 15:25:00
KDDI, a major telecommunications company, has announced that it will make a takeover bid (TOB) for Lawson, a major convenience store company, and hold a 50% stake in the company. The company plans to take the form of joint management with Mitsubishi Corporation, Lawson's parent company, and strengthen its business by mutually leveraging each company's store networks.
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KDDI makes tender offer for Lawson shares and enters into joint management with Mitsubishi Corporation
2024-02-06 15:00:00
It has been revealed that KDDI, a major telecommunications company, will make a TOB (tender offer) for the convenience store giant Lawson, aiming to acquire a 50% stake.
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Toyota 9-month group final profit: 3,947.2 billion yen, highest ever
2024-02-06 13:57:00
Toyota Motor Corporation's group-wide financial results for the nine months from April to December last year were: ▽Operating revenue, which is sales, was 34,227 billion yen. ▽Operating profit, which represents profit from the main business, was 4,240.2 billion yen. ▽Final profit was 34,022.7 billion yen. It was 3,947.2 billion yen. Both were record highs for this period, and operating income exceeded 4 trillion yen for the first time. The main factors were an increase in sales of hybrid vehicles in all regions, as well as a weaker yen, which pushed up profits. Furthermore, the forecast for this fiscal year is ▽Operating revenue will increase from 43 trillion yen to 43.5 trillion yen ▽Operating income will increase from 4.5 trillion yen to 4.9 trillion yen ▽Final profit have been revised upward from 3.95 trillion yen to 4.5 trillion yen. If forecasts go as planned, it will be the first time that our final profit will exceed 4 trillion yen.
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Toyota affected by snow in Kanto-Koshin All but one factory to resume operations from the evening of the 6th
2024-02-06 13:14:00
Toyota Motor Corporation had suspended production lines at six domestic factories since the morning of the 6th due to snow in the Kanto-Koshin region, but decided to resume operations at all but one factory from the evening of the 6th.
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Stock price falls, a sell order is placed to secure a profit
2024-02-06 12:05:00
On the Tokyo stock market on the 6th, in reaction to the recent rise in stock prices, sell orders were placed to secure profits, and stock prices fell.
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Last year's household budget survey: consumption per household was 293,997 yen, lower than the previous year for the first time in three years
2024-02-06 11:18:00
According to the household budget survey for last year released by the Ministry of Internal Affairs and Communications, the amount spent on consumption by households of two or more people decreased by 2.6% from the previous year in real terms, excluding price changes. This is the first time in three years that the year-on-year rate has fallen below the previous year's level, reflecting a move to cut down on food and education expenses due to rising prices.
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Expanding flash memory production to support Kioxia, etc., Minister of Economy, Trade and Industry Saito
2024-02-06 10:24:00
Minister of Economy, Trade and Industry Saito announced that the company has decided to provide new support for capital investments made at factories in Mie and Iwate prefectures by major semiconductor manufacturers such as Kioxia to expand production of cutting-edge flash memory. .
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Last year's household budget survey: consumption per household was 293,997 yen, lower than the previous year for the first time in three years
2024-02-06 09:12:00
According to the household budget survey for last year released by the Ministry of Internal Affairs and Communications, the amount spent on consumption by households of two or more people decreased by 2.6% from the previous year in real terms, excluding price changes. This was the first time in three years that the amount was lower than the previous year, and the average monthly consumption amount per household was 293,997 yen. On the other hand, the amount spent on consumption by households with two or more people in December last year was also made public, and it was 329,518 yen per household, which was 2.5% lower than the same month last year in real terms, excluding price changes. Ta.
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US Federal Reserve Chairman shows no rush to cut interest rates, Dow Jones Industrial Average drops more than 400 points
2024-02-06 05:35:00
In a TV interview, Chairman Jerome Powell of the US Federal Reserve indicated that he was not in a hurry to cut interest rates, saying, ``Since the economy is strong, we can carefully approach the issue of when to start lowering interest rates.'' . In response to this, sell orders increased in the New York stock market on the 5th due to expectations that high interest rates would continue, and the Dow Jones Industrial Average at one point fell by more than 400 points.
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Power semiconductors for EVs, etc. Japanese semiconductor majors accelerate development and production
2024-02-06 04:51:00
As demand for power semiconductors used in EVs (electric vehicles) and other devices increases, Japan's semiconductor majors are accelerating efforts to strengthen development and production. Power semiconductors are a field that Japanese manufacturers have traditionally excelled at, and this will be an important phase in whether they can improve their global competitiveness by strengthening their business.
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GDP October to December last year “lack of strength” private forecasts
2024-02-06 04:47:00
GDP (gross domestic product) from October to December last year will be announced on February 15th. According to private forecasts, export growth will be the driving force, leading to overall positive growth for the first time in two quarters, but many believe that personal consumption, which accounts for more than half of GDP, lacks strength due to the impact of high prices. occupied.
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