Economic news(2024/05/22)
Prime Minister Kishida gives speech to overseas investors, accelerates creation of special zones, calls for investment in Japan
2024-05-22 20:50:00
Prime Minister Kishida gave a speech at an event gathering foreign investors, and called for increased investment in Japan, including accelerating efforts to create special zones in order to make Japan an asset management nation.
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Long-term interest rates temporarily rose to 1%; first time in 1% range in about 11 years
2024-05-22 20:47:00
In the bond market on the 22nd, the yield on 10-year government bonds, a representative indicator of long-term interest rates, rose to 1% in afternoon trading. This is the first time in about 11 years that long-term interest rates have been in the 1% range.
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Long-term interest rates temporarily rose to 1%; first time in 1% range in about 11 years
2024-05-22 18:57:00
In the bond market on the 22nd, the yield on 10-year government bonds, a representative indicator of long-term interest rates, rose to 1% in afternoon trading. This is the first time in about 11 years that long-term interest rates have been in the 1% range.
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The Norinchukin Bank announces consideration of 1.2 trillion yen capital increase
2024-05-22 18:16:00
The Norinchukin Bank has officially announced that it is considering increasing its capital by 1.2 trillion yen to deal with a large amount of unrealized losses from investing in U.S. government bonds and other bonds. The Norinchukin Bank also increased its capital due to securities-related losses during the Lehman Shock, and the large proportion of foreign bonds has once again led to a deterioration in profits.
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Yen market price falls slightly
2024-05-22 18:16:00
In the Tokyo foreign exchange market on the 22nd, the yen exchange rate fell slightly.
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TEPCO: Electricity charges billed in July expected to approach record high level
2024-05-22 17:19:00
TEPCO's electricity bill for July this year will rise by nearly 400 yen compared to the previous month for the average household, due to the temporary end of subsidies that the government has continued to use to counter soaring prices. It is expected to approach the highest level ever.
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TEPCO: Electricity charges billed in July expected to approach record high level
2024-05-22 16:05:00
TEPCO's electricity bill for July this year will rise by nearly 400 yen compared to the previous month for the average household, due to the temporary end of subsidies that the government has continued to use to counter soaring prices. It is expected to approach the highest level ever.
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stock price fall
2024-05-22 15:39:00
Stock prices fell on the Tokyo stock market on the 22nd.
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Long-term interest rates temporarily rose to 1%; first time in 1% range in about 11 years
2024-05-22 14:48:00
In the bond market on the 22nd, the yield on 10-year government bonds, a representative indicator of long-term interest rates, briefly rose to 1% in afternoon trading. This is the first time in about 11 years that long-term interest rates have been in the 1% range.
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Long-term interest rates temporarily rose to 0.995%, the highest level in about 11 years
2024-05-22 14:06:00
In the bond market on the 22nd, the yield on 10-year government bonds, a typical indicator of long-term interest rates, rose to 0.995% in afternoon trading. This is the highest level in approximately 11 years since May 2013. With the Bank of Japan expected to speed up the normalization of monetary policy, there has been an increase in the selling of Japanese government bonds, and long-term interest rates are rising.
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Long-term interest rates temporarily rose to 0.985%, the highest level in about 11 years
2024-05-22 12:08:00
In the bond market on the 22nd, the yield on 10-year government bonds, which is a representative indicator of long-term interest rates, briefly reached 0.985% in morning trading, the highest level in about 11 years.
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US Microsoft announces new service Generating AI “also acts as a meeting facilitator”
2024-05-22 12:06:00
American IT giant Microsoft has announced a new generative AI service. The online meeting software ``Teams'' uses generative AI to facilitate meetings, helping to improve work efficiency, and major IT companies are fiercely competing to expand generative AI services.
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US Steel sends unusual letter ``Another manufacturer blocks acquisition and spreads information''
2024-05-22 12:04:00
In an unprecedented move, U.S. Steel's board of directors has accused another U.S. steelmaker of spreading misleading information in order to prevent Nippon Steel's acquisition of major American steelmaker U.S. Steel. The letter was released, reiterating the company's intention to complete the acquisition.
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Machinery orders for January-March increased for the first time in four quarters, upwardly revised to ``picking up''
2024-05-22 11:24:00
According to the "Machinery Order Statistics" released by the Cabinet Office, which shows the future outlook for corporate capital investment, the amount of orders received by major machinery manufacturers from domestic companies from January to March this year was for ships and electric power, which have large fluctuations. Excluding this, the total amount was 2,623.6 billion yen. It was 4.4% higher than the previous three months, and increased for the first time in four quarters.
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April trade balance deficit of 462.5 billion yen, first deficit in 2 months
2024-05-22 11:14:00
Last month's trade balance was a deficit of over 460 billion yen, the first trade deficit in two months, due to increased imports due to rising crude oil prices.
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Long-term interest rates rose to 0.985%, the highest level in about 11 years since May 2013
2024-05-22 10:26:00
In the bond market on the 22nd, the yield on 10-year government bonds, a representative indicator of long-term interest rates, rose to 0.985% in morning trading. This is the highest level in approximately 11 years since May 2013. With the Bank of Japan expected to speed up the normalization of monetary policy, there has been an increase in the selling of Japanese government bonds, and long-term interest rates are rising.
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April trade balance deficit of 462.5 billion yen, first deficit in 2 months
2024-05-22 09:06:00
According to April trade statistics released by the Ministry of Finance, the trade balance (exports minus imports) was in the red at 462.5 billion yen. This is the first time in two months that the trade balance has been in the red.
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This year's performance of listed companies is expected to be slightly lower than last year's performance
2024-05-22 04:57:00
A securities firm has compiled an analysis that shows that the performance of listed companies this fiscal year is expected to be slightly lower than last year. This means that export companies and other companies are of the view that profits will be depressed if the yen exchange rate moves in the direction of appreciation.
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