Economic news(2024/05/03)
U.S. employment statistics for April: Increase in employed persons compared to the previous month, but much lower than market expectations
2024-05-03 23:40:00
The US employment statistics for April, which have an impact on the yen exchange rate, have been announced, and although the number of people employed in fields other than agriculture increased by 175,000 from the previous month, it was much lower than market expectations. This indicates that the tight labor market, which has been a factor in inflation, has eased somewhat.
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Yen exchange rate temporarily rises to high 151 yen to dollar following release of US employment statistics
2024-05-03 22:00:00
At the New York foreign exchange market on the 3rd, the yen appreciated in response to the announcement of the US employment statistics, and at one point the yen exchange rate rose by more than 1 yen to the low 151 yen level to the dollar. As the growth in non-agricultural employment was much lower than market expectations, concerns about inflation were somewhat relaxed, and with people becoming aware of the narrowing of the interest rate differential between Japan and the United States, there was an increasing trend to sell dollars and buy yen.
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U.S. employment statistics for April: Increase in employed persons compared to the previous month, but much lower than market expectations
2024-05-03 21:43:00
Last month's employment statistics in the United States, which have an impact on the yen exchange rate, were announced, and although the number of people employed in fields other than agriculture increased by 175,000 from the previous month, it was much lower than market expectations. The unemployment rate was 3.9%, an increase of 0.1 percentage point from the previous month. This means that the labor shortage, which has been a factor in inflation in the United States, has eased somewhat, but the impact on the yen exchange rate will be closely watched.
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Ishikawa Nanao Ryokan in Wakura Onsen resumes normal business hours from the 3rd
2024-05-03 20:32:00
One of the inns in Wakura Onsen in Nanao City, Ishikawa Prefecture, which was damaged by the Noto Peninsula Earthquake, resumed normal operations from the 3rd.
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OECD Ministerial Council adopts ministerial statement expressing concerns over ``economic coercion'' and concludes the meeting
2024-05-03 18:29:00
The OECD (Organization for Economic Co-operation and Development) Ministerial Council meeting held in Paris, France, reached its final day on the 3rd, with the focus on "economic coercion," which involves putting pressure on partner countries through restrictions on imports and exports, with countries such as China in mind. The meeting is expected to conclude with the adoption of a ministerial statement expressing strong concerns.
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Ishikawa Suzu ``Roadside Station'' closed for business, reopens in time for long holidays
2024-05-03 15:17:00
The ``Roadside Station'' in Suzu City, Ishikawa Prefecture, which had been closed due to the Noto Peninsula Earthquake, reopened in time for this long holiday and is bustling with people.
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Sony Group proposes acquisition of Paramount Global?
2024-05-03 12:55:00
American media reported that the Sony Group and an investment fund are proposing to acquire American media giant Paramount Global for approximately 4 trillion yen in Japanese yen.
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Yen market price temporarily rose to the low 152 yen level to the dollar
2024-05-03 11:51:00
In the foreign exchange market on the 3rd, there was a growing trend to sell dollars and buy yen as concerns about market intervention by the Japanese government and the Bank of Japan grew. The yen exchange rate has surpassed the level reached by the rapid appreciation of the yen in what appears to be market intervention early on the 2nd, and has at one point reached the high 152 yen level to the dollar.
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Apple's financial results for the three months ending in March, sales and profits decreased for the first time in a year, device sales decreased
2024-05-03 10:13:00
American IT giant Apple's financial results for the three months ending in March this year showed that while its service business, such as video distribution, was strong, sales and profits for the first time in a year declined due to a decline in sales of smartphones and tablet devices. have become.
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Nippon Steel announces that the completion date of its acquisition of US Steel will be “postponed to later this year”
2024-05-03 09:48:00
Nippon Steel has announced that it will postpone the completion of its acquisition of major American steel manufacturer US Steel, which had been announced to be completed by September this year, to December this year. This is the result of careful consideration of the timing of obtaining the necessary approval from the American authorities for the acquisition, and the fate of the plan is attracting attention as speculation for the presidential election this November is also involved.
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Nippon Steel announces that the completion date of its acquisition of US Steel will be “postponed to later this year”
2024-05-03 09:14:00
Nippon Steel has announced that it will postpone the completion of its acquisition of major American steel manufacturer US Steel, which had been announced to be completed by September this year, to December this year. This is the result of careful consideration of the timing of obtaining the necessary approvals from the US authorities for the acquisition. Although the acquisition plan was approved at U.S. Steel's shareholder meeting last month, the steel industry's labor unions have expressed opposition to the acquisition. The future of the plan is attracting attention, as speculation is also tied to the presidential election this November.
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Finance Minister Suzuki and others attend ADB general meeting, participate in discussions on support for low-income countries
2024-05-03 07:09:00
The annual general meeting of the ADB (Asian Development Bank) and the finance ministers' meeting of Japan and Pacific island countries will be held from the 3rd to the 5th in Georgia, a former Soviet Union. From Japan, Finance Minister Suzuki and others are scheduled to attend and participate in discussions on support for low-income countries and climate change countermeasures.
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Japan and the EU “Procurement of semiconductors, etc.: Avoid excessive dependence on specific countries”
2024-05-03 07:05:00
Japan and the European Union (EU) held a ministerial-level meeting in Paris, France to discuss economic issues. When procuring semiconductors and important minerals, which are strategic materials for economic security, we agreed on the need to keep countries such as China in mind and not rely too heavily on any particular country or region.
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Yen exchange rate (NY) temporarily rose to the low 153 yen level to $1
2024-05-03 05:23:00
Amid the growing view that the Japanese government and the Bank of Japan are repeating market intervention in the foreign exchange market, the yen appreciated in the New York market on the 2nd due to concerns about market intervention, and at one point the yen was at 153 to the dollar. The price has risen to the first half of the yen level.
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Two months until new banknotes are issued, preparations are underway for payment machines, etc.
2024-05-03 05:07:00
There are only three days left and two months until the first new banknotes in 20 years are issued. Companies are currently working to update their payment machines and other systems to accommodate the new banknotes.
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