Economic news(2024/06/03)
5 automakers and other companies “fraudulent in performance tests” Partial suspension of shipments
2024-06-03 19:58:00
In response to a series of fraudulent acts by companies such as Daihatsu Motor Corporation in obtaining type designations necessary for mass production of automobiles and engines, the Ministry of Land, Infrastructure, Transport and Tourism ordered companies to investigate whether there were any similar cases. It has been revealed that five companies, including manufacturers, have reported that there was fraud in car performance tests. The Ministry of Land, Infrastructure, Transport and Tourism has instructed three companies, Toyota Motor Corporation, Mazda Motor Corporation, and Yamaha Motor Corporation, which have been found to be involved in fraud in the models they currently produce, to suspend some shipments.
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One month until new banknotes are issued for the first time in 20 years Some industries are unable to update the banknotes in time
2024-06-03 19:20:00
There is only one month left in three days until the first new banknotes in 20 years are issued. According to the Ministry of Finance, the update work is expected to be completed at most financial institutions' ATMs and cash registers at major convenience stores by the time the issue begins, but it is expected that there will be cases in which the update will not be completed in time depending on the industry.
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5 automakers and other companies “fraudulent in performance tests” Partial suspension of shipments
2024-06-03 18:34:00
In response to a series of fraudulent acts by companies such as Daihatsu Motor Corporation in obtaining type designations necessary for mass production of automobiles and engines, the Ministry of Land, Infrastructure, Transport and Tourism ordered companies to investigate whether there were any similar cases. It has been revealed that five companies, including manufacturers, have reported that there was fraud in car performance tests. The Ministry of Land, Infrastructure, Transport and Tourism has instructed three companies, Toyota Motor Corporation, Mazda Motor Corporation, and Yamaha Motor Corporation, which have been found to be involved in fraud in the models they currently produce, to suspend some shipments.
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Yen market: small price movements
2024-06-03 18:12:00
On the 3rd, the beginning of the week, the Tokyo foreign exchange market and the yen exchange rate showed small price movements.
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Japan and the EU agree to create a process chart for expanding the introduction of hydrogen, including standardization of equipment
2024-06-03 17:46:00
A meeting attended by ministers in charge of energy from Japan and the European Union was held in Tokyo, with the aim of expanding the introduction of hydrogen, which is expected to be the next generation of energy. We agreed to create a table.
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DMM Bitcoin illegal leakage Financial Services Agency investigates considering all possibilities
2024-06-03 17:29:00
Due to the illegal leakage of 48 billion yen worth of Bitcoin from DMM Bitcoin, a crypto asset exchange company, the Financial Services Agency has warned the company of all possibilities, including leaks of security information and hacking. We are asking you to make assumptions and investigate the cause.
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NTT Docomo “flying base station” communication service to be commercialized in 2026
2024-06-03 17:04:00
NTT DoCoMo has announced that it will commercialize communication services using ``flying base stations'' using unmanned aircraft in Japan in 2026, the year after next. This will be the first commercialization in the world, and it is expected to be used in areas affected by disasters.
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5 automakers and other companies “fraudulent in performance tests” Partial suspension of shipments
2024-06-03 16:56:00
In response to a series of fraudulent acts by companies such as Daihatsu Motor Corporation in obtaining type designations necessary for the mass production of automobiles and engines, the Ministry of Land, Infrastructure, Transport and Tourism ordered each company to investigate whether there were any similar cases. It has been revealed that five companies have reported fraud in car performance tests. The Ministry of Land, Infrastructure, Transport and Tourism has instructed Toyota Motor Corporation, Mazda Motor Corporation, and Yamaha Motor Corporation, which are currently producing vehicle models, to suspend some shipments.
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Summer electricity supply and demand: No request for power saving for the first time in three years “Prospect of securing surplus power”
2024-06-03 16:32:00
Regarding electricity supply and demand this summer, the Ministry of Economy, Trade and Industry has decided not to request electricity conservation during the summer season for the first time in three years, stating that it is expected that all regions of the country will have the minimum surplus capacity necessary for a stable supply. .
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“I’m grateful” and “It’s not enough” Fixed tax reduction of 40,000 yen… What is its effect?
2024-06-03 16:30:00
"Fixed tax reduction" will be implemented from this month. Sales have started at department stores and other places, but people on the streets and posts on social media are saying, ``It's better than nothing, but it's likely to run out soon because of high prices.'' ``A small tax cut isn't enough.'' What kind of effect will it have? We also asked experts.
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5 automakers and other companies report “fraud in performance tests” to the Ministry of Land, Infrastructure, Transport and Tourism
2024-06-03 16:08:00
In response to a series of fraudulent acts by companies such as Daihatsu Motor Corporation in obtaining type designations necessary for the mass production of automobiles and engines, the Ministry of Land, Infrastructure, Transport and Tourism ordered each company to investigate whether there were any similar cases. It has been revealed that five companies have reported fraud in car performance tests. The Ministry of Land, Infrastructure, Transport and Tourism has instructed Toyota Motor Corporation, Mazda Motor Corporation, and Yamaha Motor Corporation, which are currently producing vehicle models, to suspend some shipments.
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Stock price rise At one point, the price rose by more than 500 yen
2024-06-03 15:29:00
The Tokyo stock market and the Nikkei average stock price rose on the 3rd of the week.
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U.S. Uber CEO “Japanese version of ride sharing: further deregulation”
2024-06-03 15:07:00
Dara Khosrowshahi, CEO of the American ride-hailing giant Uber, held a press conference in Tokyo and expressed the idea that further relaxation of regulations regarding the "Japanese version of ride sharing" should be considered in terms of how taxi companies provide services. I showed it.
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Five companies, including automakers, reported “fraud in performance tests” to the Ministry of Land, Infrastructure, Transport and Tourism
2024-06-03 14:09:00
In response to a series of fraudulent acts by companies such as Daihatsu Motor Corporation in obtaining model designations necessary for mass production of automobiles and engines, the Ministry of Land, Infrastructure, Transport and Tourism ordered each company to investigate whether there were any similar cases, and Toyota Motor Corporation , Mazda, Yamaha Motor, Honda, and Suzuki were found to have reported irregularities in car performance tests.
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Sharp begins talks with KDDI and others to develop data center for AI, agrees
2024-06-03 12:55:00
Sharp has agreed to start discussions with KDDI and others to set up a data center for AI. We are considering using the factory of a subsidiary in Sakai, Osaka, which has ceased production of large LCD panels.
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Nikkei Stock Average rose by more than 500 yen at one point
2024-06-03 12:53:00
In the Tokyo stock market on the 3rd of the week, the Nikkei Stock Average rose by more than 500 yen at one point in morning trading due to widespread buying orders due to the rise in the Dow Jones Industrial Average in the New York market last weekend.
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Privatization of the National Stadium, with NTT Docomo and others as preferred negotiating partners
2024-06-03 12:02:00
The Japan Sports Promotion Center (JSC), which was in the process of selecting a business operator to privatize the National Stadium, announced that after a review, it had selected a group formed by NTT Docomo, the J League, and others as its preferred negotiating partner.
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Ordinary profits of domestic companies exceeded 27 trillion yen from January to March, the highest ever for this period
2024-06-03 11:18:00
According to the Ministry of Finance's Corporate Business Statistics Survey, the ordinary profits of domestic companies from January to March this year were over 27 trillion yen, the highest ever for this period. This was due to the fact that the weaker yen boosted profits in the manufacturing industry, and the service industry performed well due to the increase in the number of foreign tourists.
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Nikkei average stock price rose more than 500 yen at one point
2024-06-03 09:51:00
On the 3rd of the week, the Tokyo stock market and the Nikkei Stock Average rose by more than 500 yen at one point. Following the trend of the Dow Jones Industrial Average rising significantly in the New York market on the 31st as concerns about prolonged inflation receded following the results of price statistics released in the United States last weekend, a wide range of stocks appeared in the Tokyo market. A buy order has been placed.
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Ordinary profits of domestic companies January to March increased by 15.1% compared to the same period last year
2024-06-03 09:08:00
According to the Ministry of Finance's Corporate Business Statistics Survey, the ordinary profits of domestic companies from January to March this year increased by 15.1% compared to the same period last year. Of this, manufacturing increased by 23%, and non-manufacturing increased by 11.5%. Additionally, domestic corporate capital investment increased by 6.8% compared to the same period last year.
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Policy for the joint creation of a roadmap for cooperation between Japan and the EU in the hydrogen field
2024-06-03 08:58:00
Japan and the European Union have decided to jointly create a roadmap for their cooperative relationship in the field of hydrogen, which is expected to be the next generation of energy. Cooperation will be accelerated in areas such as standardization of specifications for infrastructure equipment.
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European Central Bank's outlook for interest rate cuts strengthens as inflation rate declines
2024-06-03 07:28:00
The European Central Bank will hold a board meeting on the 6th of this month to decide on monetary policy. With the euro area's inflation rate declining, there is a growing expectation in the market that interest rates will be cut.
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One month until new banknotes are issued for the first time in 20 years Some industries are unable to update the banknotes in time
2024-06-03 05:50:00
There is only one month left in three days until the first new banknotes in 20 years are issued. According to the Ministry of Finance, the update work is expected to be completed at most financial institutions' ATMs and cash registers at major convenience stores by the time the issue begins, but it is expected that there will be cases in which the update will not be completed in time depending on the industry.
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OPEC+ ministerial meeting agrees to extend production cut framework until end of next year
2024-06-03 04:34:00
OPEC+, which is made up of major oil producing countries such as Saudi Arabia and Russia, held a ministerial meeting on the 2nd and agreed to extend the current production cut framework until the end of next year. Additional production cuts voluntarily implemented by several countries will continue, which appears to be aimed at supporting crude oil prices.
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