Economic news(2024/04/16)
Are unsold items popular? Real estate recession, tough youth employment...China's economy is
2024-04-16 22:21:00
China's GDP (gross domestic product) growth rate from January to March this year was +5.3% in real terms compared to the same period last year. The growth rate has increased slightly from the previous three months, but the focus will be on whether the momentum of economic recovery can be sustained going forward. What is the current state of China's economy?
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New law regulating giant IT companies: Fines for violations will be 20% of sales
2024-04-16 20:00:00
A new bill has been unveiled to regulate giant IT companies that hold a dominant position in basic smartphone software. The company will state in advance the prohibited acts that impede competition, and will make companies pay a surcharge of 20% of their sales if they violate the rules.
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Yen exchange rate temporarily fell to the mid-154 yen level to the dollar, the highest level of depreciation to the dollar in about 34 years
2024-04-16 18:32:00
In the Tokyo foreign exchange market on the 16th, the yen temporarily fell to the mid-154 yen to the dollar level, the lowest yen to dollar level in about 34 years, as expectations for an early interest rate cut in the United States receded.
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New law regulating giant IT companies: Fines for violations will be 20% of sales
2024-04-16 18:13:00
A new bill has been unveiled to regulate giant IT companies that hold a dominant position in basic smartphone software. The company will state in advance the prohibited acts that impede competition, and will make companies pay a surcharge of 20% of their sales if they violate the rules.
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China GDP growth rate from January to March (YoY) real increase of 5.3%
2024-04-16 17:37:00
China's GDP (gross domestic product) growth rate from January to March this year was +5.3% in real terms compared to the same period last year. The growth rate has increased slightly from the previous three months, but the focus will be on whether the momentum of economic recovery can be sustained going forward.
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Yen exchange rate temporarily fell to the mid-154 yen level to the dollar, the highest level of depreciation to the dollar in about 34 years
2024-04-16 16:39:00
In the Tokyo foreign exchange market on the 16th, the yen temporarily fell to the mid-154 yen to the dollar level, the lowest yen to dollar level in about 34 years, as expectations for an early interest rate cut in the United States receded.
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Stock price temporarily fell by more than 900 yen
2024-04-16 16:22:00
On the 16th, the Tokyo stock market, the Nikkei Stock Average, temporarily fell by more than 900 yen.
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China GDP growth rate from January to March (YoY) real increase of 5.3%
2024-04-16 15:24:00
China's GDP (gross domestic product) growth rate from January to March this year was +5.3% in real terms compared to the same period last year. The growth rate has increased slightly from the previous three months, but the focus will be on whether the momentum of economic recovery can be sustained going forward.
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Minister of Economy, Trade and Industry Saito to strengthen cooperation with like-minded countries to materialize economic cooperation
2024-04-16 13:32:00
At a press conference after the Cabinet meeting on the 16th, Minister of Economy, Trade and Industry Saito said that the Japan-U.S. summit meeting held last week had achieved results in areas such as strengthening the semiconductor supply chain and decarbonization, and that he was In order to materialize cooperation, he expressed his intention to strengthen cooperation with like-minded countries in addition to Japan and the United States.
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Stock price fell more than 900 yen at one point, sell orders prevailing even in afternoon trading
2024-04-16 12:51:00
On the 16th, the Tokyo Stock Exchange and Nikkei Stock Average temporarily fell by more than 900 yen. U.S. retail sales for March, announced on the night of the 15th (Japan time), exceeded market expectations, and expectations for an early interest rate cut in the U.S. faded, causing stock prices to fall sharply in the New York market on the 15th. . In response to this trend, sell orders dominated the Tokyo stock market on the 16th even in afternoon trading.
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Domestic gold retail price hits new high at 13,036 yen per gram
2024-04-16 12:40:00
As the situation in the Middle East becomes increasingly tense, there is a growing movement to buy gold as a relatively safe asset, and the retail price of gold in Japan hit a new high of 13,036 yen per gram on the 16th.
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China GDP growth rate from January to March (YoY) real increase of 5.3%
2024-04-16 12:14:00
China's GDP (gross domestic product) growth rate from January to March this year was +5.3% in real terms compared to the same period last year. The growth rate has increased slightly from the previous three months, but the focus will be on whether the momentum of economic recovery can be sustained going forward.
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Tokyo foreign exchange market The yen continues to depreciate, trading at the 154 yen level to the dollar
2024-04-16 12:13:00
In the Tokyo foreign exchange market on the 16th, the yen depreciated further due to economic indicators announced in the United States on the 15th that exceeded market expectations, and the yen exchange rate was trading at the 154 yen level to the dollar. .
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As the yen continues to weaken, “We will take all possible measures as necessary” Finance Minister Suzuki
2024-04-16 11:36:00
Regarding the yen's depreciation in the foreign exchange market, with the yen exchange rate reaching the 154 yen level to the dollar, Finance Minister Suzuki said at a press conference after the cabinet meeting on the 16th, ``We will take all possible measures as necessary.'' , thereby restraining market movements.
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China GDP growth rate from January to March (YoY) real increase of 5.3%
2024-04-16 11:08:00
China's National Bureau of Statistics announced that the growth rate of GDP (gross domestic product) from January to last month was +5.3% in real terms compared to the same period last year. The growth rate expanded slightly from the previous three months' +5.2%. The Chinese government has set an economic growth rate target of around 5% for this year, but the real estate recession and domestic demand remain sluggish, and the focus is on whether the momentum of economic recovery can be sustained.
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Long-term interest rates rose to 0.875% in morning trading, the highest level in about 5 months
2024-04-16 11:07:00
In the bond market on the 16th, selling of Japanese government bonds intensified, and long-term interest rates rose to 0.875% in morning trading. This is the highest level in about five months, and this is due to factors such as the rise in long-term interest rates in the United States.
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As the yen continues to weaken, “We will take all possible measures as necessary” Finance Minister Suzuki
2024-04-16 10:31:00
Regarding the yen's depreciation in the foreign exchange market, with the yen exchange rate reaching the 154 yen level to the dollar, Finance Minister Suzuki said at a press conference after the cabinet meeting on the 16th, ``We will take all possible measures as necessary.'' , thereby restraining market movements.
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Stock price temporarily fell by more than 700 yen
2024-04-16 09:54:00
On the 16th, the Tokyo Stock Exchange and Nikkei Stock Average temporarily fell by more than 700 yen.
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“Tesla plans to cut more than 10% of global workforce” Western media
2024-04-16 08:35:00
Western media reported that American electric car manufacturer Tesla plans to cut more than 10% of its global workforce. It appears that the company is aiming to improve its profitability in response to the decline in unit sales due to competition with Chinese EV manufacturers.
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Open AI executive “Policy for deploying generative AI models specific to Japan”
2024-04-16 07:49:00
In an exclusive interview with NHK, an executive at Open AI, an American venture company, revealed that the company plans to develop a Japan-specific generative AI model that understands Japanese business and culture.
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NY Dow average stock price declines for 6 consecutive business days
2024-04-16 07:34:00
On the 15th, the New York stock market saw an increase in sell orders due to a growing view that the timing of interest rate cuts in the United States would be delayed, and the Dow Jones Industrial Average fell for the sixth consecutive business day.
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The depreciation of the yen further accelerates, temporarily reaching the mid-154 yen level to the dollar, the highest level in about 34 years.
2024-04-16 06:11:00
At the New York foreign exchange market on the 15th, the yen's depreciation further accelerated in response to the announcement of American economic indicators, and the yen exchange rate temporarily fell to the mid-154 yen level to the dollar. This is the first time in approximately 34 years since June 1990 that the yen has weakened against the dollar.
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Sharp plans to suspend production of some large LCD panels to halt deficit expansion
2024-04-16 00:32:00
In light of the slump in the LCD panel business, Sharp has decided to suspend production of some large LCD panel products manufactured at its factory in Sakai City, Osaka, and has communicated this to its business partners, sources said. I found this out through an interview. This appears to be aimed at halting the further expansion of the deficit.
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