Economic news(2024/06/06)
European Central Bank decides to cut interest rates by 0.25% for the first time in 4 years and 9 months since 2019
2024-06-06 23:15:00
The European Central Bank held a monetary policy meeting and decided to cut interest rates by 0.25% in response to the downward trend in the inflation rate in the euro area. This is the first time in four years and nine months that the Bank has cut interest rates.
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IPEF Ministerial Meeting Participating countries signed in two areas including “clean economy”
2024-06-06 22:42:00
A ministerial-level meeting of the Indo-Pacific Economic Framework (IPEF), an economic partnership framework in which Japan, the United States, and others participate, was held in Singapore on the 6th, and the meeting was held in Singapore in two areas, including the "clean economy," which promotes investment toward decarbonization. Signed by participating countries.
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European Central Bank decides to cut interest rates by 0.25% for the first time in 4 years and 9 months since 2019
2024-06-06 21:25:00
The European Central Bank, which governs the monetary policy of 20 euro zone countries including Germany and France, held a board meeting on the 6th and decided to cut interest rates by 0.25%. As a result, the main policy interest rate will increase from the current 4.5% to 4.25%, and the interest rate when depositing funds from financial institutions will increase from 4.0% to 3.75%. This is the first time in four years and nine months that the Bank has cut interest rates since September 2019. In the market, given that the inflation rate in the euro area has recently been on a downward trend at around 2%, there was a growing view that a decision on interest rate cuts would be made at this meeting. It will be interesting to see whether Governor Lagarde will mention the prospects for further interest rate cuts in the press conference after the meeting.
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Government to improve environment for self-driving public buses and other businesses to spread across the country
2024-06-06 18:45:00
In light of the serious labor shortage, the government has decided to create an environment in which self-driving cars will be commercialized in public buses and other areas across the country in three years' time, in fiscal 2027. I did.
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Local banks are trying to understand the actual situation after Toyota production halt Aichi
2024-06-06 18:40:00
Toyota Motor Corporation suspended production of the affected vehicle models from the morning of the 6th due to an issue in which five major automakers were cheating on national certification tests. In response to this production stoppage, local banks in Aichi Prefecture, where Toyota Motor Corporation is headquartered, are working to ascertain the extent of the impact on their customers, auto parts manufacturers.
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Views on European Central Bank board decision to cut interest rate spread in market
2024-06-06 18:39:00
The European Central Bank will publish the results of its discussions on the 6th after its monetary policy meeting. There is a widespread view in the market that the Bank will decide to cut interest rates, taking into account the impact on the economy of continuing high interest rates and the decline in the inflation rate.
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Yen market price falls slightly
2024-06-06 18:28:00
In the Tokyo foreign exchange market on the 6th, the yen exchange rate fell slightly.
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Bank of Japan Councilor Nakamura Monetary Policy: “It is appropriate to maintain the current policy for the time being.”
2024-06-06 17:28:00
Councilor Toyoaki Nakamura, one of the members who decide on the Bank of Japan's monetary policy, gave a speech in Sapporo in which he expressed a cautious view of the future outlook for prices, and said regarding the management of monetary policy, ``For the time being, it is appropriate to maintain the current policy.'' I think so.”
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Bank of Japan Governor Ueda says 2% price stability target has not been achieved yet
2024-06-06 17:23:00
Bank of Japan Governor Ueda attended the Diet on the 6th ahead of next week's monetary policy meeting, stating that people now believe that 2% price increases will continue in order to achieve the price stability target. Although he said that there is a need, he said, ``We have not yet reached 2%.''
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Stock price temporarily rose by more than 500 yen Buy orders for semiconductor-related stocks, etc.
2024-06-06 15:42:00
On the Tokyo Stock Exchange on the 6th, buy orders were placed on semiconductor-related stocks, and the Nikkei Stock Average rose by more than 500 yen at one point.
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Toyota and Mazda have suspended production of 5 models from today due to fraudulent certification exams
2024-06-06 12:48:00
Toyota Motor Corporation and Mazda Motor Corporation have suspended production of a total of five affected vehicle models since the morning of the 6th due to an issue in which five major automakers were cheating on national certification tests. There are concerns about the impact on the local economy, including the many business partners that supply parts.
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Stock price temporarily rose by more than 500 yen Buy orders for semiconductor-related stocks, etc.
2024-06-06 12:09:00
On the Tokyo stock market on the 6th, buy orders were placed for semiconductor-related stocks, and stock prices rose by more than 500 yen at one point.
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Toyota and Mazda have suspended production of 5 models from today due to fraudulent certification exams
2024-06-06 11:45:00
Toyota Motor Corporation and Mazda Motor Corporation have suspended production of a total of five affected vehicle models since the morning of the 6th due to an issue in which five major automakers were cheating on national certification tests. There are concerns about the impact on the local economy, including the many business partners that supply parts.
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Ministry of Land, Infrastructure, Transport and Tourism enters Suzuki headquarters to inspect car performance tests
2024-06-06 10:02:00
On the 6th, the Ministry of Land, Infrastructure, Transport and Tourism conducted an on-site inspection at Suzuki's headquarters in Hamamatsu City, Shizuoka Prefecture, in response to an issue in which five companies, including automobile manufacturers, were committing fraud in obtaining the "type designation" necessary for mass production of automobiles. started. This is the third company after Toyota Motor Corporation and Yamaha Motor Corporation to undergo on-site inspections regarding this issue.
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Stock price rises by more than 500 yen Buy orders for semiconductor-related stocks, etc.
2024-06-06 09:50:00
The Tokyo stock market on the 6th, the Nikkei average stock price rose by more than 500 yen. In the New York market on the 5th, the stock price of American semiconductor giant Nvidia rose on expectations for its business performance, and the Nasdaq stock index, which has many high-tech stocks, hit a new all-time high. Immediately after trading began in the Tokyo market, buy orders were placed for semiconductor-related stocks.
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Government to consider phased introduction of toll changes based on expressway congestion
2024-06-06 06:48:00
The government is planning to gradually introduce a system to change tolls depending on the congestion situation from next fiscal year, with the aim of alleviating expressway congestion.
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At least 90 companies received shareholder proposals before the general meeting of listed companies
2024-06-06 06:46:00
Ahead of the shareholder meetings of listed companies, which will peak this month, at least 90 companies have received shareholder proposals, including from so-called activists. There are also proposals that call for changes in management or withdrawal from businesses with low profits, and the focus will be on how companies should respond.
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Toyota and Mazda will suspend production of five models starting today due to certification exam fraud
2024-06-06 06:30:00
Toyota Motor Corporation and Mazda Motor Corporation will suspend production of a total of five vehicle models from the 6th due to an issue in which five major automakers were found to have cheated on national certification tests. While both companies will continue to operate producing other vehicle models, there are concerns about the impact on local economies, including customers.
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