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

Economic news(2024/06/25)


Kyoto ใ€€ Hakone

Keidanren Chairman Tokura: "Amendment to the Political Funds Control Law has been passed, ensuring a certain degree of transparency"

2024-06-25 20:48:00
Regarding the revised Political Funds Control Act passed last week in relation to the issue of politics and money, Keidanren Chairman Tokura stated at a press conference on the 25th that he recognized that a certain level of transparency had been ensured, and called for swift work on creating an effective system.

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Toyota announces executive compensation for last fiscal year: Chairman Toyoda receives 1.622 billion yen, highest ever

2024-06-25 20:48:00
Toyota Motor Corporation announced its executive compensation for last fiscal year, with Chairman Toyoda Akio receiving 1.622 billion yen, a 62% increase from the previous fiscal year and the highest ever for a Toyota executive. The company attributes this to strengthening its competitiveness in attracting international talent and the introduction of a compensation system that evaluates contributions to mid- to long-term growth.

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Yen exchange rate rises slightly

2024-06-25 20:46:00
On the 25th, the yen rose slightly in value on the Tokyo foreign exchange market.

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Carrot prices 1.5 times higher than normal; some vegetables continue to be expensive, Ministry of Agriculture, Forestry and Fisheries

2024-06-25 20:37:00
Due to the effects of bad weather, the retail price of carrots has risen to 1.5 times the average price, and some vegetables remain expensive. The Ministry of Agriculture, Forestry and Fisheries plans to keep a close eye on whether future weather conditions, such as high summer temperatures, will affect the growth of vegetables.

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Chubu Electric Power Co., Inc. and other companies recommended to issue improvement orders for collusion in gas contracts

2024-06-25 20:30:00
In response to the issue of Chubu Electric Power and other companies being ordered to pay penalties for repeated collusion in large-scale gas contracts, the Ministry of Economy, Trade and Industry's Electricity and Gas Market Monitoring Committee has recommended to the Minister of Economy, Trade and Industry that it issue business improvement orders to Chubu Electric Power's subsidiary and Toho Gas in order to prevent recurrence.

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Japan-Korea Financial Dialogue: Concerns over falling yen and won: "Appropriate measures" confirmed

2024-06-25 18:53:00
The Japan-Korea Finance Dialogue, where finance officials from Japan and South Korea exchanged views on economic and fiscal issues, was held in South Korea. The two sides shared serious concerns over the decline in the values โ€‹โ€‹of the Japanese yen and the South Korean won, and confirmed that they would continue to take appropriate measures against excessive exchange rate fluctuations.

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Supermarket sales in May reach 1.323 trillion yen, 15th consecutive month of increase but growth rate shrinks

2024-06-25 17:13:00
Sales at major supermarkets nationwide in May totaled 1.323 trillion yen, up 0.1% from the same month last year when comparing existing stores. This is the 15th consecutive month of increases, but the growth rate slowed from the previous month, with the survey group citing continued consumer savings trends.

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Chinese Prime Minister: "Chinese-made EVs will contribute to addressing climate change and will not be subject to overproduction"

2024-06-25 16:42:00
Chinese Premier Li Qiang spoke at an economic forum that began in Dalian, China on the 25th, emphasizing that Chinese-made electric vehicles (EVs) and other such vehicles are contributing to the global response to climate change, and stated his view that criticism from Europe and the United States that overproduction and subsidies are distorting competition is unfounded.

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Stock prices rise "Movement to buy back declining automobile-related stocks"

2024-06-25 16:19:00
On the 25th, stock prices rose on the Tokyo stock market due to the weakening of the yen and a move to buy back stocks that had fallen in price.

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Mazda president apologizes at shareholders meeting for government certification test fraud

2024-06-25 16:14:00
Mazda, which was found to have committed fraud in government certification tests, held a general shareholders meeting on the 25th, where President Masahiro Moro apologized and explained that the company would take steps to prevent recurrence.

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Nissan President Uchida apologizes at shareholders meeting for violation of subcontract law

2024-06-25 14:55:00
Nissan Motor held a general shareholders' meeting, where President Makoto Uchida apologized for the company's unilateral cuts to payments to subcontractors and explained that the company will take thorough measures to prevent recurrence.

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Mazda president apologizes at shareholders meeting for government certification test fraud

2024-06-25 14:34:00
Mazda, which was found to have committed fraud in government certification tests, held a general shareholders meeting on the 25th, where President Masahiro Moro apologized and explained that the company would take steps to prevent recurrence.

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Stock prices rise "Buying orders for export-related stocks on the back of the weak yen"

2024-06-25 12:39:00
Stock prices rose on the Tokyo Stock Exchange on the 25th.

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Mazda president apologizes at shareholders meeting for government certification test fraud

2024-06-25 12:24:00
Mazda, which was found to have committed fraud in government certification tests, held a general shareholders meeting on the 25th, where President Masahiro Moro apologized and explained that the company would take steps to prevent recurrence.

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CEO of US telecom giant to "strengthen cybersecurity cooperation with Japan"

2024-06-25 07:56:00
Chuck Robbins, CEO of Cisco Systems, a major American communications company, gave an exclusive interview to NHK. After emphasizing the importance of the Japanese market, he expressed his intention to deepen cooperation with the Japanese government and companies in the cybersecurity division, which is strengthening its business.

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Bank of Japan's July Tankan: Large companies and manufacturing industry to remain roughly flat, private forecast

2024-06-25 07:12:00
With regard to the Bank of Japan's Tankan (Short-term Economic Survey of Enterprises) to be released on July 1, private research companies are predicting that the economic outlook of large companies and manufacturers will remain roughly the same. While the weak yen will boost earnings from overseas businesses, the newly uncovered irregularities surrounding certification testing at an automobile manufacturer are expected to have an impact.

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Japan-Korea Finance Dialogue to be held today to confirm policies toward North Korea and Russia

2024-06-25 06:17:00
The Japan-Korea Finance Dialogue, where finance officials from Japan and South Korea will exchange views on economic and financial issues, will be held in Seoul, South Korea on the 25th. The two countries plan to cooperate in strengthening sanctions and monitoring against North Korea and Russia.

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EU and China to hold working-level talks over plan to impose tariffs on Chinese-made EVs

2024-06-25 06:12:00
The European Union has announced that it will hold working-level talks with China this week regarding a plan to impose provisional tariffs of up to 38.1% on electric vehicles imported from China.

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Kyoto ใ€€ Mt.Fuji


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