Economic news(2024/06/26)
Finance Ministry Vice-Minister Kanda: "We will take necessary measures against excessive movements of the yen"
2024-06-26 23:06:00
In the foreign exchange market, the yen has fallen to the 160 yen range against the dollar, the weakest level in approximately 37 and a half years. Speaking to reporters on the evening of the 26th, Finance Ministry Vice-Minister Kanda expressed concern that this was a rapid movement, and warned market movements by saying, "We will take necessary measures against any excessive movements."
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Butter stocks feared to decrease due to extreme heat; import quota to be increased by 4,000 tons, Ministry of Agriculture, Forestry and Fisheries
2024-06-26 21:08:00
The Ministry of Agriculture, Forestry and Fisheries has decided to add an additional 4,000 tons to the butter import quota, as there is a risk that butter stocks will run low if raw milk production decreases due to another hot summer this year.
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The yen temporarily fell from 160.24 yen to the dollar, reaching its lowest level in 37 and a half years.
2024-06-26 20:44:00
On the 26th, the London foreign exchange market saw the yen depreciate further, temporarily dropping from the 160.24 yen per dollar recorded in late April this year, to its weakest yen-dollar level in about 37 and a half years since December 1986. There is growing concern in the market about market intervention by the government and the Bank of Japan.
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Dojima Exchange "Encourage active trading" Rice futures trading approved with market opening
2024-06-26 20:33:00
The Dojima Exchange in Osaka, which has been approved for rice futures trading and will be opening a new market, held a press conference where President Wataru Ariga stated that the company will continue to work to ensure active trading.
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The yen temporarily fell from 160.24 yen to the dollar, reaching its lowest level in 37 and a half years.
2024-06-26 20:17:00
On the 26th, the London foreign exchange market saw the yen depreciate further, temporarily dropping from the 160.24 yen per dollar recorded in late April this year, to its weakest yen-dollar level in about 37 and a half years since December 1986. As the Federal Reserve Board of the United States is expected to be in no rush to lower interest rates, there is a growing trend to sell yen and buy dollars.
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That game, department stores, shrines...New banknotes soon to be issued, the Japanese archipelago is in a frenzy
2024-06-26 19:28:00
The issuance of new banknotes for the first time in 20 years is fast approaching on July 3rd. There is a mood to celebrate the new banknotes all over the country. From changes to the specifications of a popular board game to a campaign to thank the person who was the "face" of the 1,000 yen note. A look at the movements across the country reveals both the positive and negative aspects of the enthusiasm.
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Sharp's Okitsu becomes new president and CEO, first Japanese CEO in about two years
2024-06-26 18:58:00
Sharp, a major electronics manufacturer, has announced that its Vice President Masahiro Okitsu will be promoted to President and CEO. Sharp is a subsidiary of Taiwan's Hon Hai Precision Industry Co., Ltd., and this is the first time in about two years that a Japanese person has taken on the top management position.
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The yen temporarily fell to the 160 yen range against the dollar, the lowest level since late April.
2024-06-26 18:44:00
On the 26th, the yen temporarily fell to the 160 yen range against the dollar in the London foreign exchange market, the weakest yen-dollar rate since late April this year. With the view that the Federal Reserve Board of the United States is in no hurry to lower interest rates, interest rates between Japan and the United States are of concern, and there is a growing trend to sell yen and buy dollars.
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The yen weakens to the upper 159 yen range against the dollar
2024-06-26 18:14:00
On the 26th in the Tokyo foreign exchange market, the yen fell against the dollar, weakening to the high 159 yen range per dollar.
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Kansai Electric Power Company shareholders meeting rejects proposal to "supply electricity independent of nuclear power"
2024-06-26 18:06:00
On the 26th, Kansai Electric Power Company held a general shareholders' meeting in Osaka City, where proposals were made by shareholders calling for the establishment of a power supply system that does not depend on nuclear power, but all of them were rejected. On the other hand, all three proposals submitted by the company, including the appointment of directors, were passed.
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Toyo Securities withdraws proposal to reappoint president on the day of shareholders' meeting, an unprecedented move
2024-06-26 16:35:00
The securities company Toyo Securities withdrew its proposal to re-elect the president as a director on the day of the general shareholders' meeting. While so-called activists who hold the company's shares were proposing to appoint a different director, the president himself offered to decline re-election, making this an unusual turn of events just before the general shareholders' meeting.
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Proposal to decommission Shika Nuclear Power Plant submitted to Hokuriku Electric Power Company shareholders meeting but rejected
2024-06-26 16:14:00
The first general shareholders' meeting of Hokuriku Electric Power since the Noto Peninsula earthquake was held in Toyama City on the 26th. Some shareholders proposed to decommission the Shika Nuclear Power Plant in Ishikawa Prefecture, stating that "the earthquake has once again shown us that the Noto Peninsula is completely unsuitable for a nuclear power plant site," but the proposal was rejected by a vote.
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Bandai Namco Holdings to exhibit life-size Gundam statue at Osaka Kansai Expo
2024-06-26 16:07:00
Bandai Namco Holdings, which will be exhibiting as a private pavilion at the Osaka-Kansai Expo, announced on the 26th that it will be displaying a life-size Gundam statue at the venue.
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TEPCO shareholders meeting: Proposals to abolish nuclear power plants and secure evacuation routes rejected
2024-06-26 15:57:00
Tokyo Electric Power Company's general shareholders meeting was held in Tokyo on the 26th. In response to the Noto Peninsula earthquake, a series of shareholder proposals were submitted calling for the closure of the Kashiwazaki-Kariwa Nuclear Power Plant in Niigata Prefecture and the securing of evacuation routes in preparation for a nuclear accident.
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Stock price temporarily rises by more than 600 yen "Due to the rise in tech-related stocks in the New York market"
2024-06-26 15:31:00
On the 26th, the Nikkei Stock Average on the Tokyo Stock Exchange rose by more than 600 yen at one point.
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Stock prices temporarily rise by more than 600 yen, with purchase orders centered on semiconductor-related stocks
2024-06-26 12:59:00
On the 26th, the Nikkei average rose by more than 600 yen at one point. Following the rise in tech-related stock prices in the New York market on the 25th, buying orders are spreading in the Tokyo market, mainly for semiconductor-related stocks.
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Stock prices temporarily rise by more than 500 yen, with purchase orders centered on semiconductor-related stocks
2024-06-26 11:09:00
On the 26th, the Nikkei average rose by more than 500 yen at one point. Following the rise in tech-related stock prices on the New York market on the 25th, buying orders are spreading in the Tokyo market, mainly for semiconductor-related stocks.
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Cashless payment only buses to begin trial operation on 10 routes nationwide from autumn onwards
2024-06-26 05:57:00
The Ministry of Land, Infrastructure, Transport and Tourism has approved bus operations that require payment of fares only through cashless payment rather than cash, and plans to conduct trial operations on around 10 routes nationwide from this autumn. With the business environment for bus companies becoming tougher due to factors such as a declining population, the aim is to reduce the effort and costs of managing cash.
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First Japan-US-Korea commerce and industry ministers' meeting held, with focus on economic and security cooperation
2024-06-26 05:21:00
The first-ever meeting of the trade and industry ministers of Japan, the United States and South Korea will be held in Washington on the 26th. As China strengthens its influence in the Indo-Pacific region, the focus will be on cooperation in the field of economic security, including strengthening supply chains for semiconductors and critical minerals.
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