Economic news(2024/05/01)
Employment of people with disabilities Expanding agency business Is it rewarding and growing? What is the reward? Challenges too
2024-05-01 20:53:00
As the employment rate for people with disabilities was raised last month, businesses that provide jobs for people with disabilities on behalf of companies are expanding. Although it helps secure jobs for people with disabilities, it has been pointed out that there are cases in which it does not lead to the growth and independence of people with disabilities, so the Ministry of Health, Labor and Welfare has advised companies to provide easy-to-understand measures for the sole purpose of achieving employment rates. We advise you not to use it.
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Ezaki Glico decides to extend suspension of shipment of refrigerated products, aiming to resume within next month
2024-05-01 19:41:00
Ezaki Glico has announced that the resumption of shipments of refrigerated products such as Pucchin Pudding, which has been suspended due to a core system failure, will be delayed. Due to factors such as the time it is taking to repair the system, the company is aiming to resume shipments within the next month.
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The yen continues to weaken, dropping to a level approaching 158 yen per dollar.
2024-05-01 19:22:00
On May 1st, in the Tokyo foreign exchange market, the yen gradually depreciated against the backdrop of the dissipation of expectations that interest rates would be cut early in the United States, and the yen exchange rate fell to a level approaching 158 yen to the dollar. did.
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The yen continues to weaken, dropping to a level approaching 158 yen per dollar.
2024-05-01 18:21:00
On May 1st, in the Tokyo foreign exchange market, the yen gradually depreciated against the backdrop of the dissipation of expectations that interest rates would be cut early in the United States, and the yen exchange rate fell to a level approaching 158 yen to the dollar. did.
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Mitsui & Co.'s final profit exceeds 1.6 trillion yen, also affected by weak yen, exceeding 1 trillion yen for 2nd consecutive year
2024-05-01 18:09:00
The major trading company, Mitsui & Co., Ltd.'s final profit for the fiscal year 2023 was over 1.06 trillion yen, the second highest level ever after the previous year, which was the highest ever. Profits increased from overseas infrastructure-related businesses, and the weaker yen also provided a tailwind.
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stock price fall
2024-05-01 16:16:00
Stock prices on the Tokyo stock market fell on the 1st.
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ITOCHU Establishes new company "WECARS" to take over Big Motor's business
2024-05-01 15:15:00
Itochu Corporation, a major trading company that will take over the business of Big Motor, which is facing restructuring due to problems with fraudulent insurance claims, held a press conference on May 1st and announced that it had established a new company on the 1st. . Big Motor's old management team will not be involved in the management of the new company, and the surviving company will handle compensation for damages.
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“Tesla EV fast charger team executives and employees fired” Report
2024-05-01 14:24:00
American electric car manufacturer Tesla has laid off executives and employees from the team responsible for EV fast chargers, Western media reported. Although the project is expected to continue, there is interest in how it will affect the development of charging facilities, which is an issue for the spread of EVs.
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Eight local U.S. newspapers sue OpenAI and Microsoft for copyright infringement
2024-05-01 12:57:00
Eight local newspapers in the United States have filed a lawsuit against the American venture company OpenAI and its partner, the IT giant Microsoft, alleging that their articles were used to train generative AI without permission and infringed on copyright. .
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Zenroren May Day Conference Adopts Declaration “Aiming for Significant Wage Increases, etc.”
2024-05-01 12:18:00
May 1st is May Day. The May Day convention of the labor organization Zenroren was held in Tokyo, and a declaration was adopted stating that the organization was aiming for a significant wage increase that would outweigh the rise in prices.
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Stock prices fall, sell orders for semiconductor-related stocks, etc.
2024-05-01 12:15:00
In the Tokyo stock market on the 1st, sell orders spread to a wide range of stocks, including semiconductor-related stocks, and stock prices fell.
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ITOCHU Establishes new company "WECARS" to take over Big Motor's business
2024-05-01 12:09:00
Itochu Corporation, a major trading company that will take over the business of Big Motor, which is facing restructuring due to problems with fraudulent insurance claims, held a press conference on May 1st and announced that it had established a new company on the 1st. . Big Motor's old management team will not be involved in the management of the new company, and the surviving company will handle compensation for damages.
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Yen market: The yen is gradually depreciating, dropping to the low 157 yen level to the dollar
2024-05-01 11:54:00
On the 1st, the Tokyo foreign exchange market saw a gradual depreciation of the yen as expectations that the US would cut interest rates soon receded, and the yen exchange rate fell to the high 157 yen level to the dollar.
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US Amazon's financial results for the three months ending in March, sales and profits increase due to rising demand for AI
2024-05-01 11:01:00
American IT giant Amazon's financial results for the three months ended March this year showed increased sales and profits due to strong cloud business against the backdrop of rising demand for AI.
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ITOCHU Establishes new company "WECARS" to take over Big Motor's business
2024-05-01 10:49:00
Itochu Corporation, a major trading company that will take over the business of Big Motor, which is facing restructuring due to problems with fraudulent insurance claims, held a press conference on the 1st and announced that it had established a new company as of the 1st.
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Yen exchange rate: The yen depreciates to the upper 157 yen level per dollar.
2024-05-01 10:18:00
On the 1st, in the Tokyo foreign exchange market, there was a movement to sell the yen as expectations that the US would cut interest rates early had receded, and the yen exchange rate was depreciating to the upper 157 yen level to the dollar. Masu.
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The NY market temporarily fell to the low 157 yen level to the dollar, and the Dow Jones Industrial Average also fell significantly.
2024-05-01 08:01:00
In the New York financial market on the 30th, the yen temporarily fell to the low 157 yen level to the dollar, as inflation persisted in the United States and there was a view that the Federal Reserve would be slow to cut interest rates, and the Dow Jones Industrial Average The price has dropped by over $500.
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Manufacturers are stepping up efforts to disseminate information on supplements following the red yeast rice issue
2024-05-01 07:43:00
In response to the problems surrounding supplements containing Kobayashi Pharmaceutical's red yeast rice, there is a growing movement among manufacturers to strengthen the dissemination of information on the safety of supplements, such as by posting videos on their websites.
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Food prices increased in May for 417 items, mostly due to soaring prices of raw materials
2024-05-01 07:00:00
For most food items, prices will rise in May due to soaring raw material prices, including poor harvests due to unseasonable weather. The company that conducted the survey says that if the historically weak yen continues for a long time and increases import costs, food price increases could spread further from this fall onwards.
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G7 Climate, Energy and Environment Ministers Meeting ends with adoption of ministerial statement
2024-05-01 06:27:00
The G7 climate, energy and environment ministerial meeting held in Italy concluded after two days of discussions. In the area of coal-fired power generation, which is a focus, we agreed to phase out facilities that do not take measures to reduce greenhouse gas emissions by the first half of the 2030s.
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Hokkaido Shinkansen Sapporo extension final adjustments due to “difficulty opening at the end of 2030”
2024-05-01 05:12:00
The Japan Railway, Transport Agency, which is responsible for constructing the Sapporo extension of the Hokkaido Shinkansen, is making final arrangements to inform the Ministry of Land, Infrastructure, Transport and Tourism as early as next week that it will be difficult to open the line by the end of 2030, which is the current target. In response to this, the Ministry of Land, Infrastructure, Transport and Tourism will hold a meeting of experts to examine the construction schedule and make a decision on whether to postpone the opening date.
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Last year's domestic EV share was 1.6%, no growth seen, slowing down in the US as well
2024-05-01 05:05:00
The share of EVs (electric vehicles) sold in Japan last year was only 1.6%, which was almost flat compared to the previous year. Not only is there no growth in Japan, but it is also slowing down in the United States, and the future focus will be on how it will affect the strategies of Japanese manufacturers.
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Manufacturers are advancing technological development towards recycling shoes.
2024-05-01 04:46:00
Manufacturers are progressing in technological development to reuse shoes, which are considered more difficult to recycle than clothing.
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Yen Market: Is the rapid appreciation of the yen on the 29th due to intervention by the government or the Bank of Japan? Private analysis
2024-05-01 00:31:00
In the foreign exchange market, as the yen's depreciation accelerated on the 29th, there was a sudden move toward a stronger yen.However, based on statistics released by the Bank of Japan, private financial intermediaries Our analysis suggests that they may have engaged in market intervention worth trillions of yen.
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