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

Economic news(2024/06/13)


Kyoto   Hakone

Four non-life insurance companies to investigate "inappropriate practices" behind leak of personal information

2024-06-13 19:04:00
In response to the issue of four major non-life insurance companies leaking personal information of policyholders to competitors, the General Insurance Association of Japan has announced its intention to investigate the cause of the incident and determine whether there were any inappropriate practices in the industry.

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Bank of Japan begins monetary policy meeting, focus on reducing government bond purchases

2024-06-13 18:44:00
The Bank of Japan's monetary policy meeting began on the 13th. In order to further shift away from the large-scale monetary easing policy, the meeting held specific discussions on the method and timing of reducing government bond purchases, and is scheduled to announce its immediate policy on the 14th, so the focus will be on the Bank of Japan's response.

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Yen exchange rate: Small fluctuations

2024-06-13 18:30:00
On the Tokyo foreign exchange market on the 13th, the yen moved little.

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Smartphone payment service "LINE Pay" to end domestic service at the end of April next year

2024-06-13 18:04:00
LINE Yahoo! has announced that it will end its smartphone payment service "LINE Pay" in Japan at the end of April next year. The company says that users can transfer their balances to "PayPay," which is being developed by the same group.

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"Doctor Yellow" to be retired by 2027, JR Central and JR West announce

2024-06-13 17:37:00
The Shinkansen inspection car, affectionately nicknamed "Doctor Yellow" due to its yellow body, will be retired. Due to aging and other reasons, it will cease operation around 2027. (※Videos showing the car in motion and inside the car are posted at the end of the article.)

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"Doctor Yellow" to be retired by 2027, JR Central and JR West announce

2024-06-13 17:00:00
The Shinkansen inspection car, affectionately nicknamed "Doctor Yellow" due to its yellow body, will be retired. Due to aging and other reasons, it will cease operation around 2027. (※Videos showing the car in motion and inside the car are posted at the end of the article.)

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Stock price drop

2024-06-13 16:39:00
Stock prices fell on the Tokyo market on the 13th.

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Postal rates to rise for the first time in 30 years: from October, letters to 110 yen, postcards to 85 yen

2024-06-13 15:33:00
Japan Post has filed a notice to raise postal rates across the board in October this year, including increasing letter rates from the current 84 yen to 110 yen, citing a decline in the number of users and rising logistics costs.

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Honda to launch first "EV light commercial vehicle" as part of full-scale EV rollout in Japan

2024-06-13 15:20:00
Honda has announced that it will launch its first electric commercial vehicle, a light electric vehicle (EV), for use in parcel delivery, etc. As the EV market in Japan is sluggish, companies are focusing on this field in anticipation of demand for commercial vehicles that run short distances in urban areas.

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"Doctor Yellow" to be retired by 2027, JR Central and JR West announce

2024-06-13 14:13:00
The Shinkansen inspection car, affectionately nicknamed "Doctor Yellow" due to its yellow body, will be retired. Due to aging and other reasons, it will cease operation around 2027. (※Videos showing the car in motion and inside the car are posted at the end of the article.)

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"Doctor Yellow" to be retired by 2027, JR Central and JR West announce

2024-06-13 13:13:00
The Shinkansen inspection car, affectionately known as "Doctor Yellow" due to its yellow body, will be retired. Due to aging and other reasons, it will cease operation around 2027.

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"Doctor Yellow" to be retired by 2027, JR Central and JR West announce

2024-06-13 11:58:00
The Shinkansen inspection car, affectionately known as "Doctor Yellow" due to its yellow body, will be retired. Due to aging and other reasons, it will cease operation around 2027.

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"Doctor Yellow" to be retired by 2027, JR Central and JR West announce

2024-06-13 10:35:00
The Shinkansen's dedicated inspection car, affectionately nicknamed "Doctor Yellow" because of its yellow body, will be retired.

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Business confidence of large companies (April-June quarter) up for the first time in two quarters +0.4 points

2024-06-13 10:18:00
According to the "Corporate Economic Outlook Survey" released by the Ministry of Finance and other organizations, the index showing the business confidence of large companies from April to June this year was positive for the first time in two quarters. The main factor is the increase in demand from foreign tourists in the service industry.

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Business confidence of large companies increases for the first time in two quarters, April-June +0.4 points

2024-06-13 09:05:00
According to the "Corporate Economic Outlook Survey" released by the Ministry of Finance and other organizations, the index showing the business confidence of large companies from April to June this year was up 0.4 points, the first increase in two quarters. The manufacturing industry was down 1.0 points, and the non-manufacturing industry was up 1.1 points.

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[Details] US Fed to keep policy interest rate unchanged, expects to cut interest rates once this year

2024-06-13 06:31:00
The Federal Reserve Board of the United States, which influences the yen exchange rate, held a meeting to decide monetary policy, and decided to keep the policy interest rate unchanged for the seventh consecutive meeting on the 12th. In addition, participants in the meeting presented their outlook for the policy interest rate, reducing the number of interest rate cuts expected this year from three to one.

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Apple's market capitalization temporarily rises to No. 1 in the world again on the back of hopes for generative AI

2024-06-13 06:22:00
On the 12th, the stock price of American IT giant Apple rose on the New York Stock Exchange, and during trading hours, its market capitalization, which indicates the value of a company, temporarily surpassed Microsoft to become the world's number one again. This is due to expectations of increased sales due to the introduction of a generative AI system into the iPhone's operating system.

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Bank of Japan to hold monetary policy meeting from 13th to discuss methods for reducing government bond purchases

2024-06-13 06:04:00
The Bank of Japan will hold a two-day monetary policy meeting starting on the 13th. The meeting will discuss how and when to reduce government bond purchases in order to further shift away from the massive monetary easing policy.

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METI Minister plans to encourage collaboration with libraries to revitalize local bookstores

2024-06-13 04:07:00
In response to the decline in bookstores nationwide due to the spread of online shopping and e-books, Minister of Economy, Trade and Industry Saito exchanged opinions with authors and publishing companies and expressed the government's intention to encourage collaboration to revitalize bookstores, such as by increasing the number of books that libraries purchase from local bookstores.

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Following the passage of the revised "Constitution of Agricultural Policy" law, Prime Minister Kishida instructs the formulation of a basic plan

2024-06-13 04:06:00
Following the passage of an amendment to the law known as the "Constitution of Agricultural Policy," which includes measures to strengthen food security, Prime Minister Kishida on the 12th ordered that a basic plan be formulated by the end of this fiscal year that includes targets for food self-sufficiency.

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Inspection vehicle "Doctor Yellow" to be retired by 2027 due to aging

2024-06-13 02:53:00
According to interviews with people involved, the Shinkansen inspection car, affectionately nicknamed "Doctor Yellow" because of its yellow body, is expected to cease operation and be retired around 2027 due to aging and other reasons.

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EU announces plan to impose 38.1% tariff on Chinese-made EVs

2024-06-13 01:07:00
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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Kyoto   Mt.Fuji


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