Economic news(2024/05/14)
Former Hokkaido University of Education professor suspected of spying in China sentenced to 6 years in prison
2024-05-14 23:36:00
Five years ago, a former Hokkaido University of Education professor who was arrested and charged with espionage during his temporary return to China was sentenced to six years in prison by a local court in January this year. This was discovered through interviews with the people involved. The former professor's support group is calling for his release, citing false charges.
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Nitori HD last year's financial results: Ordinary profit decreased by 38 billion yen due to weak yen
2024-05-14 21:50:00
Nitori Holdings, a major furniture and daily necessities company, announced its financial results for the past fiscal year, stating that the weak yen pushed down ordinary profit by 38 billion yen, and even if the yen depreciated to 160 yen to the dollar, We have indicated a policy of proceeding with product development that will generate profits.
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Sony Group last year's financial results: Sales of approximately 13 trillion yen, highest ever
2024-05-14 19:05:00
The Sony Group's financial results for the past fiscal year showed sales of approximately 13 trillion yen, a record high. This was mainly due to strong performance in areas such as games and music, as well as the weaker yen, which boosted performance.
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Yen market price decline
2024-05-14 18:15:00
In the Tokyo foreign exchange market on the 14th, the yen exchange rate fell.
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US “100% tariff on Chinese-made EVs” to raise tariffs on imports from China
2024-05-14 18:02:00
The Biden administration in the United States will increase tariffs on imported goods from China, targeting strategic areas where the United States will strengthen investment, such as increasing tariffs on Chinese-made EVs to 100%, four times the current rate. Announced.
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Sharp announces suspension of production of LCD panels for TVs at Osaka factory
2024-05-14 17:55:00
``Sharp'' has announced that production of large LCD panels for TVs, which have been in a slump, at its factory in Sakai, Osaka, will be halted by the end of September this year. The company plans to reduce production of small and medium-sized LCD panels for smartphones and other devices in order to quickly rebuild its business performance.
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Sharp announces suspension of production of LCD panels for TVs at Osaka factory
2024-05-14 16:54:00
``Sharp'' has announced that production of large LCD panels for TVs, which have been in a slump, at its factory in Sakai, Osaka, will be halted by the end of September this year. The company plans to reduce production of small and medium-sized LCD panels for smartphones and other devices in order to quickly rebuild its business performance.
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Rakuten Group January-March financial results Final loss of 42.3 billion yen, deficit narrowing
2024-05-14 16:30:00
Rakuten Group's financial results for the three-month period from January to March this year resulted in a final loss of approximately 42 billion yen, marking the fifth consecutive year of losses during this period. However, the deficit narrowed due to improved earnings in the mobile phone business, which continues to be in the red, and strong performance in the financial business.
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Stock price rise
2024-05-14 15:50:00
The Tokyo stock market and Nikkei average stock price rose on the 14th.
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Rakuten Group January-March financial results Final profit and loss is 42.3 billion yen deficit
2024-05-14 15:35:00
The Rakuten Group's overall financial results for the three-month period from January to March this year resulted in a final loss of 42.3 billion yen. This is due to continued deficits in the mobile phone business, marking the fifth consecutive period in the red. However, the deficit was reduced from the 82.5 billion yen deficit in the same period last year due to factors such as reducing the cost of installing mobile phone base stations and increasing the number of subscribers. On the other hand, sales were 513.6 billion yen, the highest ever for this period.
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Half of Japanese companies expect China's economy to worsen, taking a cautious stance such as reducing investment
2024-05-14 15:23:00
A survey by an organization made up of Japanese companies found that half of Japanese companies expanding into China expect the Chinese economy to worsen this year. Amid growing uncertainty about the future of the Chinese economy, companies remain cautious, with more than 40% of companies planning to reduce investment.
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Major non-life insurance companies' pre-adjustment of insurance premiums; Group insurance also investigated; Finance Minister
2024-05-14 13:06:00
In response to the issue of major non-life insurance companies adjusting insurance premiums for companies in advance, Minister of State for Finance Suzuki said that price adjustments were also being made for "group insurance" purchased by employees of companies. It has been announced that an investigation is underway to determine whether this was the case.
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Stock price: Slight price movement, price increase also shrinks even with advance buy orders
2024-05-14 12:25:00
In the Tokyo stock market on the 14th, buying orders were in the lead, but the range of price increases gradually narrowed, and the Nikkei average stock price moved only slightly.
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If the “Hydrogen Society Promotion Bill” is enacted, support applications will begin in summer, Minister of Economy, Trade and Industry
2024-05-14 11:55:00
Regarding the bill that includes a new subsidy system to bridge the price difference with fossil fuels in order to spread the use of hydrogen, which is expected to be the next generation of energy, Minister of Economy, Trade and Industry Saito said that if the bill is passed, the government will start business from around summer this year. They have begun accepting applications from individuals, and have indicated that they aim to begin support by the end of the year.
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Long-term interest rate rises to 0.965% 10-year government bond yield rises for the first time in about 6 months
2024-05-14 11:32:00
In the bond market on the 14th, the yield on 10-year government bonds, a representative indicator of long-term interest rates, rose to 0.965% in morning trading, the highest level in about six months. Long-term interest rates continue to rise after the Bank of Japan announced on the 13th that it would reduce its purchases of government bonds.
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April corporate price index increased by 0.9% compared to the same month last year
2024-05-14 10:57:00
Last month's Corporate Goods Price Index, which shows the prices of goods traded between companies, rose 0.9% compared to the same month last year, due mainly to the rise in crude oil prices. The growth rate was flat from the previous month.
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Long-term interest rate rises to 0.960% 10-year government bond yield for the first time in about 6 months
2024-05-14 10:23:00
In the bond market on the 14th, the yield on 10-year government bonds, a representative indicator of long-term interest rates, rose to 0.960% in morning trading, the highest level in about six months. Long-term interest rates continue to rise after the Bank of Japan announced on the 13th that it would reduce its purchases of government bonds.
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Long-term interest rates rise to 0.950% 10-year government bond yields rise for the first time in about 6 months
2024-05-14 09:39:00
In the bond market on the 14th, the yield on 10-year government bonds, a representative indicator of long-term interest rates, rose to 0.950% in morning trading. This is the lowest level in about six months since November last year. In the market, long-term interest rates continue to rise after the Bank of Japan announced yesterday that it would reduce its purchases of government bonds from the previous time.
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April corporate price index increased by 0.9% compared to the same month last year
2024-05-14 09:08:00
The Corporate Goods Price Index, which measures the prices of goods traded between companies, rose 0.9% in April compared to the same month last year. The growth rate was flat from the previous month.
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Open AI latest model “GPT-4o” announced Improved voice response speed
2024-05-14 08:11:00
OpenAI, an American venture company that handles ChatGPT, a generative AI, has announced its latest model that speeds up processing, responds immediately to questions, and allows for natural conversation. IT companies are also announcing generation AI with improved performance one after another, and competition in development is intensifying.
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Sharp Osaka to suspend production of large LCD panels for TVs in Sakai City
2024-05-14 05:49:00
Sharp has decided to suspend production of large LCD panels for televisions at its factory in Sakai, Osaka, according to interviews with related parties. The company is expected to be in the red for the second consecutive year, and is hoping to quickly rebuild its business performance by suspending production.
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There is also a move to raise the yield including dividends for life insurance group pension insurance.
2024-05-14 04:13:00
With the full-fledged arrival of a ``world with interest rates'' expected, there is a movement among life insurance companies to increase the amount that companies can receive from group pension insurance, which is managed by receiving funds from companies.
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Yen exchange rate: NY market, the price temporarily fell to the 156 yen level to $1
2024-05-14 04:02:00
In the New York foreign exchange market, the yen exchange rate temporarily fell to the 156 yen level to the dollar, as the interest rate differential between Japan and the United States became conscious due to the view that inflation in the United States was persistent.
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