Economic news(2024/06/20)
Financial Services Agency issues business improvement order to Mitsubishi UFJ Bank and two securities companies
2024-06-20 23:35:00
The Financial Services Agency has decided to issue business improvement orders to three banks and two securities firms under the Mitsubishi UFJ Financial Group in response to the problem of the banks and two securities firms sharing non-public information about client companies without permission.
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"After new banknotes are issued, current banknotes cannot be used and deposits will be frozen?" Beware of spreading false information
2024-06-20 21:01:00
False information has been spreading on social media about the new banknotes that will be issued for the first time in 20 years next month, such as "old banknotes will become invalid and deposits will be frozen." The Ministry of Finance has warned that "current banknotes will not become invalid, so please be careful of fraud."
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FTX Trading Japan subsidiary in talks with major domestic player to acquire
2024-06-20 20:06:00
It has been learned that the Japanese subsidiary of FTX Trading, a global leader in the cryptocurrency exchange that went bankrupt last year, has been acquired by domestic peer bitFlyer, and arrangements are underway to take over the business.
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Foreign investors sell off Japanese stocks for the fourth consecutive week
2024-06-20 19:53:00
Last week, the amount of Japanese stocks sold by overseas investors exceeded the amount they bought by nearly 250 billion yen, marking the fourth consecutive week of net selling. There is a view in the market that overseas investors are continuing to redirect funds to stocks in the United States and other countries.
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Yen exchange rate falls
2024-06-20 18:23:00
The yen fell in value on the Tokyo foreign exchange market on the 20th.
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Treated water released; China embargo prolonged; Japan Fisheries Association: "Government should step up efforts"
2024-06-20 18:19:00
Regarding China's prolonged suspension of imports of Japanese seafood products over the release of treated water accumulating at the Tokyo Electric Power Company's Fukushima Daiichi Nuclear Power Plant, Masanobu Sakamoto, Chairman of the National Federation of Fisheries Cooperative Associations (Zengyoren), has called on the government to further urge China to immediately lift the restrictions.
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Ministry of Economy, Trade and Industry issues business improvement advice to TEPCO subsidiary over unauthorized access to customer information
2024-06-20 17:58:00
Regarding the issue of customer information of a subsidiary of Tokyo Electric Power Company, which transmits and distributes electricity, being illegally viewed by employees of the holding company, the Ministry of Economy, Trade and Industry has issued a business improvement recommendation to the subsidiary, citing deficiencies in information management, and calling for the subsidiary to prevent recurrence.
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Zenroren holds press conference ahead of labor-management debate on minimum wage, calls for significant increase
2024-06-20 16:58:00
Ahead of labor-management discussions beginning next week on this year's minimum wage, labor group Zenroren has called for a significant increase, citing rising prices as threatening the livelihoods of many people.
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Miyagi/Yamagata-based "Jimoto Holdings" now effectively under government control due to deteriorating performance
2024-06-20 16:35:00
The general shareholders' meeting of Jimoto Holdings, a financial group based in Miyagi and Yamagata, was held in Sendai on the 20th, and as of this meeting the group has found itself in the unusual position of effectively coming under the control of the government.
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Snow Peak to be delisted on July 9th, proposals including stock consolidation approved
2024-06-20 16:03:00
Snow Peak, an outdoor equipment manufacturer based in Sanjo City, Niigata Prefecture, which had been aiming to delist in order to increase management freedom, is expected to be delisted on July 9th after proposals including a share consolidation were approved at an extraordinary shareholders' meeting.
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Stock price: Small price movements
2024-06-20 15:46:00
On the 20th, stock prices on the Tokyo Stock Exchange showed little fluctuation.
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Why is the price of rice rising? What are supermarkets and restaurants doing?
2024-06-20 15:29:00
As food prices continue to rise, the price of rice, an essential part of the diet, is also rising, causing concern among consumers.
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Miyagi/Yamagata-based "Jimoto Holdings" now effectively under government control due to deteriorating performance
2024-06-20 15:23:00
The general shareholders' meeting of Jimoto Holdings, a financial group based in Miyagi and Yamagata, was held in Sendai on the 20th, and as of this meeting the group has found itself in the unusual position of effectively coming under the control of the government.
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SoftBank explains policy to strengthen AI-related business and investment as pillar of growth
2024-06-20 13:52:00
At a shareholders' meeting held on the 20th, SoftBank Corp. President Junichi Miyakawa explained the company's plans to strengthen its AI-related businesses and investments, such as generative AI and data centers, as a pillar of the company's future growth.
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Stock price drop
2024-06-20 12:16:00
Stock prices fell on the Tokyo Stock Exchange on the 20th.
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