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

Economic news(2024/05/24)


Kyoto   Hakone

Why has the "service price", which had remained almost unchanged, also increased? What kind of item?

2024-05-24 19:52:00
Rent, hairdressing fees, massage fees, etc. The prices of these 28 items have rarely changed, and are called ``bedrock service prices.'' However, as the prices of goods and services continue to rise, prices of these items are also increasing. why? What kind of items? I have summarized it in detail.

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Prices of imported grains soar due to weak yen, livestock farmers switching to domestically produced feed

2024-05-24 19:32:00
As the price of imported goods rises due to factors such as the weaker yen, the price of grain for livestock feed is also rising. The import price of corn for feed has nearly doubled in recent years. We interviewed people in the field who see these soaring import prices as an opportunity.

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Prices of imported grains soar due to weak yen, livestock farmers switching to domestically produced feed

2024-05-24 19:05:00
As the price of imported goods rises due to factors such as the weaker yen, the price of grain for livestock feed is also rising. The import price of corn for feed has nearly doubled in recent years. We interviewed people in the field who see these soaring import prices as an opportunity.

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Hourly wage for part-time workers last year reached a record high of 1,125 yen on national average

2024-05-24 18:49:00
A private survey revealed that the national average hourly wage for part-time workers last year reached a record high of 1,125 yen. As the severe labor shortage continues, there is a growing movement among companies to raise hourly wages.

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As interest rates continue to rise, what is the true intention of the Bank of Japan in reducing its purchases of government bonds? [Economy column]

2024-05-24 18:32:00
Long-term interest rates exceeded 1%. Since the Bank of Japan reduced its purchases of government bonds on May 13, long-term interest rates have continued to trend upward. Is this a response to the weaker yen or a move toward normalizing monetary policy? As the decision-making meeting approaches in June, there are a variety of opinions floating around in the market. (Economy Department reporter Koki Nishizono)

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Yen market price: Slight decline 1 dollar = late 156 yen to low 157 yen

2024-05-24 18:20:00
At the Tokyo foreign exchange market on the 24th, the yen fell slightly, trading at levels ranging from the upper 156 yen to the lower 157 yen to the dollar.

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Department store April duty-free item sales record high, approximately 2.8 times the same month last year

2024-05-24 17:44:00
Sales of duty-free items at department stores nationwide in April increased by approximately 2.8 times that of the same month in 2023, setting a new record high, as inbound demand continued to expand amidst the depreciation of the yen.

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G7 Finance Ministers and Central Bank Governors Meeting opens with economic current situation and risks as themes

2024-05-24 17:37:00
The meeting of finance ministers and central bank governors of the seven major G7 countries began in Italy. Opinions are expected to be exchanged on topics such as Russia's invasion of Ukraine and the impact that China's overproduction of electric vehicles will have on the global economy.

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JAF road service fee hike: Soaring equipment prices, fuel costs, etc.

2024-05-24 16:09:00
Fees for roadside assistance that respond to car breakdowns and other problems have been raised since last month. According to JAF/Japan Automobile Federation, this is the first time in 15 years since 2009 that prices for non-members have actually increased, excluding the consumption tax hike.

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Nikkei average stock price fell by more than 700 yen at one point, but the decline narrowed

2024-05-24 15:45:00
On the Tokyo stock market on the 24th, the Nikkei Stock Average temporarily fell by more than 700 yen as major American stock indexes fell, but since then, there has been a move to buy back some stocks, and the price has fallen even further. has shrunk.

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Mitsubishi Electric and Aisin agree to establish new company to strengthen competitiveness with EV parts

2024-05-24 14:43:00
Mitsubishi Electric and Aisin, a major auto parts company, have agreed to jointly create a new company that will develop and produce motors for EVs (electric vehicles). The aim is to increase competitiveness as parts manufacturers are under pressure to respond to the electrification of cars.

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Long-term interest rates rise to 1.005%, the highest level in about 12 years

2024-05-24 14:38:00
In the bond market on the 24th, the yield on 10-year government bonds, a typical indicator of long-term interest rates, rose to 1.005% in afternoon trading, the highest level in about 12 years. When the price of government bonds falls, the interest rate rises.

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Long-term interest rates rise to 1.005%, the highest level in about 12 years

2024-05-24 13:19:00
In the bond market on the 24th, the yield on 10-year government bonds, a typical indicator of long-term interest rates, rose to 1.005% in afternoon trading. This is the highest level in approximately 12 years, since April 2012. In response to the expectation that the Bank of Japan will speed up the normalization of monetary policy and the trend of rising long-term interest rates in the United States, there is a growing movement to sell Japanese government bonds, causing long-term interest rates to rise.

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Consumer price index in April increased by 2.2% compared to the same month last year

2024-05-24 11:14:00
The Consumer Price Index for April, which measures the price movements of goods and services consumed at home, excluding fresh food, which is subject to large fluctuations due to weather, rose 2.2% from the same month last year. The rate of increase decreased by 0.4 points from March, mainly due to the slowing of the rise in food prices excluding fresh food.

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Yen market price temporarily fell to 157 yen to $1 for the first time in about 3 weeks

2024-05-24 10:17:00
On the 24th, in the Tokyo foreign exchange market, the yen depreciated due to the perception that the US economy was strong and the Federal Reserve, the central bank, was in no hurry to cut interest rates, and the yen exchange rate temporarily fell to the 157 yen level to the dollar. I am.

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Nikkei Stock Average falls by more than 700 yen due to NY market trend

2024-05-24 09:18:00
Today, the 24th, the Tokyo stock market, the Nikkei Stock Average, has fallen by more than 700 yen. In the New York market on the 23rd, all major stock indexes fell due to a rise in long-term interest rates in the United States, and sell orders have been spreading in the Tokyo market since the start of trading.

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Consumer price index in April increased by 2.2% compared to the same month last year

2024-05-24 08:42:00
Last month's Consumer Price Index, which measures price movements of goods and services consumed at home, excluding fresh food, which is subject to large fluctuations due to weather, rose 2.2% from the same month last year. The rate of increase decreased by 0.4 points from the previous month, and remained in the 2% range for eight consecutive months.

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Jimoto HD had the largest deficit ever in last year's financial results and was effectively put under the control of the government

2024-05-24 07:03:00
Jimoto Holdings, a financial group in the Tohoku region that is having difficulty repaying public funds from its affiliated banks, has decided to invest in preferred stock owned by the government after it fell into the largest deficit ever in its financial results last fiscal year. We have a policy of forgoing dividends. As a result, the government is expected to acquire a majority of voting rights, and the focus will be on how to proceed with reconstruction under effective government control.

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NY Dow Jones Industrial Average drops by more than $600

2024-05-24 06:44:00
In the New York stock market on the 23rd, sell orders increased as expectations for the Federal Reserve Board to start cutting interest rates early, and the Dow Jones Industrial Average dropped by more than 600 points. .

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Yen market price temporarily fell to 157 yen to $1 for the first time in about 3 weeks

2024-05-24 06:26:00
On the 23rd, in the New York foreign exchange market, the yen depreciated due to the view that the US economy was strong and the Federal Reserve Board was in no hurry to cut interest rates, and the yen exchange rate at one point fell to 1 for the first time in about three weeks. The dollar has fallen to the 157 yen level.

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G7 Finance Ministers and Central Bank Governors Meeting to be held in Italy from today

2024-05-24 05:15:00
The G7 = Finance Ministers and Central Bank Governors meeting of the seven major countries will be held in Italy from the 24th Japan time. Opinions are expected to be exchanged regarding the impact that the military invasion of Ukraine and the increasingly tense situation in the Middle East will have on the global economy and countermeasures.

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Kyoto   Mt.Fuji


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