Economic news(2024/05/09)
UK central bank announces policy rate unchanged for 6th consecutive meeting
2024-05-09 23:27:00
The UK's central bank, the Bank of England, announced that it would keep interest rates unchanged for the sixth consecutive meeting. With the inflation rate on the decline, the focus going forward will be on when to cut interest rates.
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Panasonic HD's final fiscal year results show record high final profit due to US EV subsidy
2024-05-09 19:18:00
Panasonic Holdings' final financial results for the past fiscal year reached a record high, due in part to profits being boosted by subsidies from the U.S. government associated with the production of batteries for EVs (electric vehicles).
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Bill to establish a security clearance system passed by the House of Councilors Cabinet Committee
2024-05-09 19:10:00
A bill to create a "security clearance" system that would limit access to information important to economic security to those whose credibility has been verified by the government was passed by a majority vote in the Cabinet Committee of the House of Councilors. Ta.
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Softbank President: “We will take a certain amount of time to review our capital relationship with Korean companies”
2024-05-09 18:58:00
Regarding the LINE information leak issue, the Ministry of Internal Affairs and Communications is requesting the operating company LINE Yahoo to review its capital relationship with the Korean company that caused the issue, Junichi Miyagawa, president of mobile phone giant Softbank, which jointly invests in the parent company, said, It was recognized that the review would take a certain amount of time.
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Part-time and dispatched employees “Irregular Spring Labor” “Nearly half of companies have not responded to wage increases”
2024-05-09 18:56:00
Those working on the "irregular spring labor" movement, in which part-time and temporary workers are demanding wage increases in conjunction with the spring labor labor period, held a press conference.While some companies raised wages, nearly half of the companies did not. I reported that I could not get an answer.
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Yen market price decline Awareness of interest rate difference between Japan and the U.S. Movement of selling yen and buying dollars
2024-05-09 18:55:00
In the Tokyo foreign exchange market on the 9th, the yen exchange rate fell as people began to sell yen and buy dollars due to the difference in interest rates between Japan and the United States.
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Seven & i HD decides to sell all shares of mail order “Nissen HD”
2024-05-09 18:37:00
Seven & i Holdings, a major distribution company, has decided to sell all of its shares in Nissen Holdings, a mail-order company that sells clothing and other items under the group's umbrella. Seven & i is accelerating its strategy to concentrate management resources on its mainstay convenience store business, including selling the major department store ``Sogo Seibu'' last year.
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Wage hikes during spring labor “spread positively to small and medium-sized enterprises” Nissho Chairman Kobayashi
2024-05-09 18:29:00
Regarding the wage increases in this year's spring labor union, President Kobayashi of the Japan Chamber of Commerce and Industry stated at a press conference on the 9th that, based on the latest aggregated results of the Rengo, there is a recognition that a positive movement toward wage increases is spreading among small and medium-sized enterprises. was shown.
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Nippon Steel President Imai emphasizes intention to complete acquisition of U.S. Steel
2024-05-09 18:15:00
Nippon Steel's president, Tadashi Imai, said of the union's opposition to the planned takeover of major American steelmaker US Steel, and the situation involving speculation about the US presidential election, ``The situation is bigger than I originally thought. "It has become a problem," he said, emphasizing his stance of continuing to seek understanding and aiming to complete the acquisition.
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Japan Post and Seino Transport enter into joint business partnership for long-distance truck transportation
2024-05-09 17:34:00
In order to respond to the tight logistics situation, Japan Post and Seino Transport have reached a basic agreement to form a business partnership to jointly transport long-distance trucks. As labor shortages and rising logistics costs become more serious, joint transportation initiatives are expanding across a variety of industries.
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Nori Ariake's lawsuit seeking an injunction against administrative punishment is dismissed by the Tokyo District Court
2024-05-09 17:11:00
Fisheries cooperatives and fisheries federations that produce seaweed in the Ariake Sea have been notified of administrative sanctions by the Fair Trade Commission on the grounds that they are unfairly restraining producers' transactions.Fisheries cooperatives and fisheries federations have requested an injunction to suspend the punishment. On the 9th, the Tokyo District Court handed down a judgment dismissing the lawsuit.
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Japan Post and Seino Transport enter into joint business partnership for long-distance truck transportation
2024-05-09 16:00:00
In order to respond to the tight logistics situation, Japan Post and Seino Transport have reached a basic agreement to form a business partnership to jointly transport long-distance trucks. As labor shortages and rising logistics costs become more serious, joint transportation initiatives are expanding across a variety of industries.
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Bank of Japan Governor Ueda says yen depreciation “rapid and unilateral progress is negative for the Japanese economy”
2024-05-09 15:50:00
Bank of Japan Governor Ueda addressed the yen's depreciation in the Diet, saying that while it has some positive aspects, it also has the effect of lowering real income through higher import prices, and that rapid and unilateral progress would be negative for the Japanese economy. We once again reiterated our intention to closely monitor developments.
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Economic trends in March “Concordance index” increased by 2.4 points from the previous month Cabinet Office
2024-05-09 15:40:00
In the March economic trend index announced by the Cabinet Office, the "coincidence index" that indicates the current state of the economy was 113.9 with 2020 as 100, an increase of 2.4 points from the previous month. This is the first increase in the index in three months.
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Stock price: Small price movement, down 128.39 yen from the previous day
2024-05-09 15:37:00
Stock prices on the Tokyo stock market on the 9th showed slight price movements.
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China's export value in April increased by 1.5% compared to the same month last year due to increase in exports to Southeast Asia
2024-05-09 15:18:00
China's export value increased by 1.5% in April compared to the same month last year. Amid growing uncertainty about the future of China's domestic economy due to factors such as a significant increase in shipments to Southeast Asia, China's main trading partner, it will be interesting to see whether exports continue to increase.
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Shizuoka Prefecture gubernatorial election announcement: 6 new candidates running, voting day is the 26th
2024-05-09 11:50:00
The gubernatorial election was announced on the 9th following the resignation of Shizuoka Prefecture's Governor Kawakatsu. Six new candidates ran for office, and the election campaign lasted 17 days.
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Main opinions announced at the Bank of Japan Monetary Policy Meeting, statements related to additional interest rate hikes also included
2024-05-09 11:23:00
The Bank of Japan has released the ``main opinions'' from last month's monetary policy meeting, which was held amidst the rapid depreciation of the yen. It turned out that there were a number of opinions from the committee members pointing out the risk of a weaker yen pushing up prices, as well as comments about additional interest rate hikes in the future.
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“The government and the Bank of Japan are ready to intervene in the market at any time” Finance Minister Kanda
2024-05-09 10:32:00
As the yen continues to experience historic depreciation, Financial Secretary Kanda of the Ministry of Finance has put a check on market movements, stating that the government and the Bank of Japan are ready to intervene in the market if necessary.
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“Materials Informatics” is widely adopted by companies
2024-05-09 07:41:00
A method called ``materials informatics,'' which utilizes AI and data science technologies to develop new materials, is spreading among companies. It is attracting attention as a technology that dramatically speeds up development.
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Private GDP forecast January to March “real negative”
2024-05-09 06:47:00
This year's GDP (gross domestic product) from January to March will be announced on the 16th of this month. Private sector forecasts are that personal consumption and exports will be sluggish due to the effects of some automakers suspending production, and that the growth rate will be negative in real terms excluding price changes.
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“Shinsengumi” and Yuru mascots welcome students on school trips at Kyoto Station
2024-05-09 06:27:00
As the school trip season officially begins, officials at JR Kyoto Station welcomed students arriving by Shinkansen.
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