This page is the news announced by NHK, a representative TV station in Japan.

Economic news(2024/05/04)


Kyoto   Hakone

Noto Peninsula Earthquake "Morning market" from Wajima to Kanazawa in time for long holidays

2024-05-04 12:12:00
The people who had set up shops on Morning Market Street in Wajima City, Ishikawa Prefecture, where a large-scale fire broke out in the Noto Peninsula Earthquake, held a morning market in Kanazawa City to coincide with the long holidays, and many people attended. It was lively.

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Japan, China, South Korea and ASEAN agree to establish a new framework for mutual financing in times of disasters

2024-05-04 07:25:00
A meeting of finance ministers and central bank governors of Japan, China, South Korea and ASEAN (Association of Southeast Asian Nations) was held in Georgia to provide emergency financial support to countries in the region in the event of a crisis such as a natural disaster or the spread of an infectious disease. We agreed to establish a new framework for mutual cooperation.

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Yen exchange rate The yen strengthens due to the release of US employment statistics, increasing by up to 8 yen or more in one week

2024-05-04 05:33:00
In the foreign exchange market, the yen briefly depreciated to the 160 yen level to the dollar for the first time in 34 years on Monday, but the yen has since strengthened due to speculation that the government and the Bank of Japan have repeatedly intervened in the market. On the 3rd, the yen further appreciated in response to the announcement of the US employment statistics, resulting in violent price movements, with the price rising by more than 8 yen in the past week.

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Finance Minister Suzuki says he won't comment, but avoids comment despite growing view of market intervention

2024-05-04 05:03:00
This week, there have been multiple instances in the foreign exchange market where the yen has rapidly moved towards a stronger yen, and there is a growing view in the market that the government and the Bank of Japan have repeatedly intervened in the market. At a press conference held on the 3rd, he stated that he would not comment on market intervention and avoided mentioning it.

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OECD Ministerial Council meeting concludes with adoption of ministerial statement expressing concern over ``economic coercion''

2024-05-04 00:29:00
The OECD (Organization for Economic Co-operation and Development) Ministerial Council meeting held in Paris, France, expressed strong concerns about ``economic coercion,'' which puts pressure on partner countries through restrictions on imports and exports, with China and other countries in mind. The meeting concluded with the adoption of a ministerial statement.

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NY Dow Jones Industrial Average temporarily rises by more than $500 after US employment report

2024-05-04 00:16:00
In the New York stock market on the 3rd, buying orders increased immediately after the start of trading in response to the announcement of the US employment statistics, and the Dow Jones Industrial Average at one point soared by more than $500. Fears about inflation have eased somewhat, as the growth in employment outside of agriculture was much lower than market expectations. The growing view that it is not too late for the Federal Reserve to start cutting interest rates has pushed up stock prices.

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Kyoto   Mt.Fuji


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