Economic news(2024/06/12)
US Consumer Price Index in May increased 3.3% year-on-year
2024-06-12 23:29:00
The US Consumer Price Index for last month was released, showing a 3.3% increase compared to the same month last year. This is the second consecutive month that the rate of increase has fallen below the previous month, somewhat easing concerns about inflation.
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US Consumer Price Index in May increased 3.3% year-on-year
2024-06-12 22:49:00
The US Consumer Price Index for last month was released, showing a 3.3% increase compared to the same month last year. This is the second consecutive month that the rate of increase has fallen below the previous month, somewhat easing concerns about inflation.
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EU announces plan to impose 38.1% tariff on Chinese-made EVs
2024-06-12 22:16:00
The European Union (EU) has announced a plan to impose provisional tariffs of up to 38.1% on electric vehicles imported from China, citing concerns that the Chinese government is unfairly subsidizing the vehicles and causing damage to European companies. China is strongly opposed to this.
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US Consumer Price Index in May increased 3.3% year-on-year
2024-06-12 21:54:00
The US Consumer Price Index for last month was announced, showing a 3.3% increase compared to the same month last year. This marks the second consecutive month that the rate of increase has fallen below the previous month.
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EU announces plan to impose 38.1% tariff on Chinese-made EVs
2024-06-12 20:39:00
On the 12th, the European Union announced its intention to impose a provisional 38.1% tariff on electric vehicles (EVs) imported from China, citing concerns that Chinese government subsidies are keeping prices down and causing harm to European companies.
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New law restricting large IT companies passed in the House of Councillors
2024-06-12 19:02:00
A new law to regulate large IT companies that hold a dominant position in the smartphone field was passed and enacted at the House of Councilors plenary session on the 12th. The law specifies prohibited acts that hinder competition in advance, and any violations will require companies to pay a 20% penalty on their sales. An expert said, "If competition is introduced, it will likely be reflected in fees and app prices, which I think will have a positive effect on consumers."
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Yen exchange rate: Small fluctuations
2024-06-12 18:35:00
On the 12th, the yen fluctuated little in the Tokyo foreign exchange market.
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Stock price drop
2024-06-12 15:38:00
On the 12th, stock prices on the Tokyo Stock Exchange fell.
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Musk withdraws lawsuit against OpenAI seeking return of funds
2024-06-12 13:46:00
American entrepreneur Elon Musk has dropped his lawsuit against OpenAI, the developer of the generative AI ChatGPT, its CEO Sam Altman, and others, seeking a refund of funds he had provided.
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New law restricting large IT companies passed in the House of Councillors
2024-06-12 12:56:00
A new law aimed at regulating large IT companies that hold a dominant position in the smartphone field was passed and enacted at the House of Councilors plenary session on the 12th. The law specifies prohibited acts that hinder competition in advance, and any violations will require the payment of a 20% penalty on sales.
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Corporate Price Index in May increased 2.4% year-on-year, expanding significantly
2024-06-12 10:56:00
Last month's Corporate Price Index, which shows the prices of goods traded between companies, rose 2.4% compared to the same month last year. This is the first time in eight months that the growth rate has been in the 2% range, and this is due to the increase in the "renewable energy surcharge" added to electricity bills and the record depreciation of the yen.
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Corporate Price Index in May increased 2.4% year-on-year due to weak yen
2024-06-12 08:59:00
The Corporate Price Index, which shows the prices of goods traded between companies, rose 2.4% last month compared to the same month last year, a significant increase from the previous month's 1.1% due to the record depreciation of the yen and other factors.
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Construction industry: New construction methods to improve work efficiency in response to the 2024 problem
2024-06-12 07:19:00
In the construction industry, where caps on overtime work have been in place since April this year, there has been a growing movement to introduce new construction methods, such as reducing the labor required for assembling formwork into which concrete is poured, in an effort to respond to the 2024 problem, which is expected to result in a worsening labor shortage.
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NY Stock Market Nasdaq Stock Index hits new all-time high
2024-06-12 06:56:00
On the 11th, the Nasdaq stock index, which is dominated by technology-related stocks, rose in the New York Stock Exchange, hitting an all-time high.
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Japanese startups make their presence known at Indian Institute of Technology
2024-06-12 06:54:00
In an effort to attract talented Indian science and engineering talent, an event was held at a prestigious Indian science and engineering university where Japanese startups introduced cutting-edge technologies such as robots and AI.
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Security clearance system: Experts to discuss operational standards
2024-06-12 06:52:00
The government will soon hold a meeting of experts to consider the details of a "security clearance" system that would limit access to information important to economic security to people whose trustworthiness has been confirmed by the government. At the meeting, discussions are expected to take place on the specific scope of the information that will be subject to the system.
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Coffee companies to raise prices after summer due to soaring coffee bean prices
2024-06-12 05:57:00
Due to rising global demand and the weak yen, coffee bean prices have been rising sharply, leading food manufacturers to raise the prices of their coffee products one after another from summer onwards.
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Japan Airlines submits report on causes of series of troubles to Ministry of Land, Infrastructure, Transport and Tourism
2024-06-12 01:29:00
Following a series of incidents with Japan Airlines, including passenger planes significantly overshooting taxiway stop lines, the company submitted a report to the Ministry of Land, Infrastructure, Transport and Tourism on the 11th outlining the causes and background of the incidents. The report states that the common thread in the series of incidents is that not enough attention was paid at key times, and that the background to the incidents is that an environment in which people could concentrate on safety was not created sufficiently.
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