Economic news(2024/06/07)
NY yen exchange rate temporarily drops to low 156 yen to US dollar, following US employment statistics
2024-06-07 22:00:00
In response to the announcement of last month's employment statistics in the United States, the yen depreciated in the New York foreign exchange market on the 7th, and the yen exchange rate, which was in the mid-155 yen to the dollar before the statistics were announced, temporarily dropped to the 156 yen to the dollar. The price fell by more than 1 yen until the second half.
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Anime production company Gainax files for bankruptcy in court
2024-06-07 19:38:00
Gainax, the anime production company known for producing the popular anime Neon Genesis Evangelion, has filed a petition for bankruptcy with the court and has announced that it has been accepted.
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A new axis for choosing a company? Have you ever heard of “ethical job hunting”?
2024-06-07 19:32:00
A university student who turned down an informal offer from a manufacturer with a group of over 100,000 employees and decided to join a venture company. The deciding factor was ``the passion of our employees in working toward decarbonization.'' Today, young people's job hunting activities are becoming more diverse due to growing interest in the global environment and contributing to society. Have you ever heard of “ethical job hunting”?
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Activist: Which Japanese company should you pay attention to? [Economic Column]
2024-06-07 19:04:00
``Japan has great technology and a workforce, and there are many companies with great opportunities.If you are creative, you can still make a profit,'' says a top activist. Activists were once known as ``vultures,'' but their reputation among investors and others is slowly changing as they have made proposals that could lead to management reform. (Economy Department reporter Takahiro Sato)
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Sompo Holdings to invest 30 billion yen in RIZAP Group and subsidiaries
2024-06-07 19:02:00
Sompo Holdings, a major non-life insurance company, announced that it will invest a total of approximately 30 billion yen in the RIZAP Group, which operates training gyms, and its subsidiaries. As the insurance market is expected to shrink due to population decline, we aim to expand into fields other than insurance.
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SoftBank to purchase part of Sharp Sakai factory, basic agreement
2024-06-07 18:54:00
It has been revealed that major mobile phone company SoftBank has reached a basic agreement to purchase a portion of Sharp's factory in Sakai, Osaka, which has stopped producing large LCD panels, in order to operate a data center. Separately, KDDI and other companies have also begun discussions regarding the development of data centers, and it is expected that reuse will proceed in the form of dividing factories.
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April Household Survey Consumer Expenditure Increased by 0.5% compared to the same month last year, the first increase in 1 year and 2 months
2024-06-07 18:44:00
According to the April household budget survey, the amount spent by households of two or more people on consumption increased by 0.5% in real terms compared to the same month last year. Although this is the first increase in 1 year and 2 months, the Ministry of Internal Affairs and Communications says that the movement to curb spending on food and other items continues due to high prices. How should we view the numbers, which have started to increase while prices continue to rise? In addition to covering the consumption scene, we also spoke to experts.
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Yen market price rise
2024-06-07 18:16:00
On the 7th, the yen exchange rate rose in the Tokyo foreign exchange market.
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Suzuki to close Thai factory and withdraw from local production; sales of small cars are sluggish
2024-06-07 17:59:00
Suzuki has decided to close its factory in Thailand by the end of 2025 and withdraw from local car production. Sales of small cars were sluggish, and fierce competition continued with the entry of Chinese manufacturers of EVs (electric vehicles).
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``Discounts for posts with ☆4 stars or higher'' is a stealth marketing service, Consumer Affairs Agency issues first order to take measures
2024-06-07 17:08:00
The Consumer Affairs Agency has accused the Tokyo Medical Center, which operates the clinic, of asking people who visited the clinic to make posts that offered discounts if they posted high reviews on Google Maps, which constituted so-called stealth marketing. We have ordered the corporation to take measures such as deleting the post. This is the first time that the Consumer Affairs Agency has issued an order to take action on stealth marketing.
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Chairman of Nissho “It is necessary to promote price pass-through including labor costs to raise wages for small and medium-sized enterprises”
2024-06-07 16:00:00
Japan Chamber of Commerce and Industry Chairman Kobayashi said at a press conference on the 7th that in order to bring the wage increase rate of small and medium-sized enterprises closer to that of large companies, it is necessary to further promote price pass-through, including labor costs. This idea was expressed.
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April economic trend index increased for 2 consecutive months 1.0 points from the previous month ↑
2024-06-07 15:52:00
The Cabinet Office announced this April's Economic Trend Index, which indicates the current state of the economy, at 115.2 based on 2020 as 100, an increase of 1.0 points from the previous month. The index has increased for two consecutive months.
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Stock price falls slightly
2024-06-07 15:36:00
On the Tokyo stock market on the 7th, stock prices fell slightly.
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Japan's foreign exchange reserves decreased by more than 7 trillion yen from the previous month at the end of May due to market intervention
2024-06-07 12:38:00
Japan's foreign exchange reserves at the end of last month decreased by $47.4 billion, or more than 7 trillion yen, compared to the previous month. This was due to market intervention by the government and the Bank of Japan, selling dollars and buying yen.
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April Household Survey Real consumption 0.5% increase compared to the same month last year Increase for the first time in 1 year and 2 months
2024-06-07 11:21:00
According to the April household budget survey, the amount spent by households of two or more people on consumption increased by 0.5% in real terms compared to the same month last year. Although this is the first increase in 1 year and 2 months, the Ministry of Internal Affairs and Communications says that the movement to curb spending on food and other items continues due to high prices.
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April Household Survey Real consumption 0.5% increase compared to the same month last year Increase for the first time in 1 year and 2 months
2024-06-07 08:46:00
According to the April household budget survey released by the Ministry of Internal Affairs and Communications, the amount spent on consumption by households of two or more people increased by 0.5% in real terms, excluding price changes, compared to the same month of the previous year. This is the first increase in 1 year and 2 months since February last year, and the amount spent per household was 313,300 yen.
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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
2024-06-07 01:32:00
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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