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

Economic news(2024/05/16)


Kyoto   Hakone

NY Dow Jones Industrial Average briefly exceeds 40,000 for the first time in history, speculation of interest rate cut grows

2024-05-16 23:40:00
On the New York Stock Exchange, the Dow Jones Industrial Average briefly rose to over 40,000 for the first time in history. The main reason for the rise in stock prices is that concerns about inflation have eased and there is widespread speculation that the Federal Reserve will start cutting interest rates sooner.

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Nippon Life makes full-scale entry into the US market, investing over 590 billion yen in AIG-affiliated life insurance company

2024-05-16 20:00:00
As the domestic insurance market shrinks, Nippon Life will make a full-scale entry into the American market by investing over 590 billion yen in an insurance company that handles personal pensions and other products under the umbrella of the major American insurance group AIG. I did.

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Linear tunnel construction in Gifu Prefecture temporarily halted for geological survey

2024-05-16 19:39:00
Due to the problem of declining water levels in wells and other facilities near the tunnel construction site for the Linear Chuo Shinkansen in Gifu Prefecture, JR Tokai has decided to temporarily cut the water level before the tunnel excavation route will pass underground in a basin where rice fields are spread out. The plan was to suspend construction and conduct a geological survey.

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Linear tunnel construction in Gifu Prefecture temporarily halted for geological survey

2024-05-16 19:00:00
Due to the problem of declining water levels in wells and other facilities near the tunnel construction site for the Linear Chuo Shinkansen in Gifu Prefecture, JR Tokai has decided to temporarily cut the water level before the tunnel excavation route will pass underground in a basin where rice fields are spread out. The plan was to suspend construction and conduct a geological survey.

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Toshiba last fiscal year's final profit and loss was approximately 74 billion yen in the red, staff cuts to be made

2024-05-16 18:57:00
Toshiba, which took its shares private and transitioned to a new management structure, posted a net loss of approximately 74 billion yen in its financial results for the past fiscal year. The company plans to streamline its management by cutting up to 4,000 people.

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Yen market price temporarily rose to the 153 yen level to $1

2024-05-16 18:31:00
In the Tokyo foreign exchange market on the 16th, expectations for an interest rate cut in the United States led to dollar selling and yen buying, and the yen exchange rate temporarily rose to the 153 yen level to the dollar.

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January-March GDP annual rate negative for the first time in two quarters The outlook is as the yen weakens, affecting consumption

2024-05-16 18:28:00
The real growth rate of GDP (gross domestic product) from January to March this year was -2.0% on an annualized basis compared to the previous three months, which was negative for the first time in two quarters. Personal consumption and exports declined due to factors such as automakers suspending production and shipment of cars due to fraud in obtaining certification. What will happen to the economy in the future? Some hope that the economy will recover due to wage increases, but the rapidly depreciating yen is likely to have an impact.

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Honda plans to invest 10 trillion yen over 10 years to strengthen software development for EV etc.

2024-05-16 17:40:00
Honda has announced plans to invest 10 trillion yen over the 10 years until 2030 in order to expand the use of electric vehicles (EV) and strengthen software development for autonomous driving and other systems.

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Stock price rises by more than 500 yen, buying orders in anticipation of an early interest rate cut in the US

2024-05-16 15:36:00
On the Tokyo stock market on the 16th, in response to expectations of an early interest rate cut in the United States, semiconductor-related stocks and other stocks were bought, and the Nikkei Stock Average rose by more than 500 yen.

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Stock prices rise Buy orders as early interest rate cuts are predicted in the US

2024-05-16 12:38:00
On the Tokyo stock market on the 16th, there were buy orders due to expectations of an early interest rate cut in the United States, and the Nikkei average stock price rose.

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January-March GDP annual rate -2.0%, negative for the first time in two quarters Personal consumption, etc. decreased

2024-05-16 12:20:00
The real growth rate of GDP (gross domestic product) from January to March this year was -2.0% on an annualized basis compared to the previous three months, which was negative for the first time in two quarters.

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Yen market price rises to 1 dollar = 153 yen level

2024-05-16 11:21:00
On the 16th, in the Tokyo foreign exchange market, the dollar was sold and the yen was bought due to speculation that the timing of interest rate cuts in the United States may be brought forward, and the yen exchange rate rose by more than 2 yen, trading at the 153 yen level to the dollar. .

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January-March GDP annual rate -2.0%, negative for the first time in two quarters Personal consumption, etc. decreased

2024-05-16 10:45:00
The real growth rate of GDP (gross domestic product) from January to March this year was -2.0% on an annualized basis compared to the previous three months, which was negative for the first time in two quarters.

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Stock price temporarily rose by more than 500 yen due to rise in major indexes in the NY market

2024-05-16 09:32:00
On the 16th, the Tokyo Stock Exchange and Nikkei Stock Average rose by more than 500 yen at one point. Last month's retail sales in the United States were lower than market expectations, leading to speculation that inflation would slow and interest rates would be cut sooner, leading to major stock indexes in New York trading on the 15th. It rose. In response to this trend, buy orders have been placed in advance in the Tokyo market, centering on semiconductor-related stocks, immediately after the start of trading.

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[Breaking news] January-March GDP annual rate -2.0%, negative for the first time in two quarters

2024-05-16 09:03:00
The real growth rate of GDP (gross domestic product) from January to March this year was -2.0% on an annualized basis compared to the previous three months, which was negative for the first time in two quarters.

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NY Dow Jones Industrial Average hits new all-time high; prices rise on expectations for faster interest rate cuts

2024-05-16 06:44:00
The New York stock market saw an increase in buying orders due to expectations that the U.S. would cut interest rates sooner, and the Dow Jones Industrial Average hit a new all-time high.

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Sumitomo Chemical's financial results for last fiscal year were in the red, with record deficit of approximately 310 billion yen

2024-05-16 03:52:00
Sumitomo Chemical's financial results for the past fiscal year resulted in a deficit of approximately 310 billion yen, the largest ever, due to slumps in the pharmaceutical and petrochemical businesses. The company has announced that it is forecasting a surplus of 20 billion yen this fiscal year as it continues to reduce its workforce and sell assets both domestically and overseas.

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Kyoto   Mt.Fuji


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