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

Economic news(2024/06/27)


Kyoto   Hakone

The yen is trading at around 160 yen to the dollar, the weakest level in 37 and a half years

2024-06-27 22:03:00
Following the trend of the yen weakening against the dollar to its highest level in approximately 37 and a half years in the Tokyo foreign exchange market on the 27th and in the New York market on the 26th, the yen was trading in the mid-160 yen range against the dollar.

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Shareholder meetings peak on the 27th, with focus on how companies deal with shareholders

2024-06-27 21:14:00
Shareholder meetings for listed companies reached a peak on the 27th. With a flurry of shareholder proposals from so-called activists, the focus will likely continue to be on how companies deal with shareholders.

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The yen is trading at around 160 yen to the dollar, the weakest level in 37 and a half years

2024-06-27 20:47:00
Following the trend of the yen weakening against the dollar to its highest level in approximately 37 and a half years in the Tokyo foreign exchange market on the 27th and in the New York market on the 26th, the yen was trading in the mid-160 yen range against the dollar.

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SoftBank Group to launch new business using AI to analyze medical data

2024-06-27 20:29:00
The SoftBank Group has announced that it will start a new business using AI to analyze medical data such as genetic information. It will establish a joint venture with a US company and aim to start medical support services within a few years.

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The yen is trading at around 160 yen to the dollar, the weakest level in 37 and a half years

2024-06-27 19:09:00
Following the trend of the yen weakening against the dollar to its highest level in approximately 37 and a half years in the Tokyo foreign exchange market on the 27th and in the New York market on the 26th, the yen was trading in the mid-160 yen range against the dollar.

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June Monthly Economic Report: "Still stagnant but gradually recovering" - Basic assessment maintained

2024-06-27 18:58:00
In its June monthly economic report, the government maintained its basic assessment of the current state of the economy, stating that "the economy has been stagnating recently, but is gradually recovering." Looking ahead, it pointed out that the risks include a downturn in overseas economies due to continued high interest rates in the United States and Europe, and the impact of a weak yen.

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Shareholders' meeting peaks on the 27th Mitsubishi UFJ president apologizes after business improvement order

2024-06-27 18:43:00
The peak of shareholder meetings for listed companies is on the 27th, with many companies holding their meetings from the morning.

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Rakuten Mobile begins use of the "Platinum Band" for mobile phones

2024-06-27 17:13:00
Rakuten Mobile announced that it has started using the platinum band, a frequency band that is easy for mobile phones to connect to, from the 27th. This frequency band was allocated by the Ministry of Internal Affairs and Communications to promote competition among the four major companies, and the company's future challenge will be to quickly turn a profit in its mobile phone business.

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Seven of the top 10 major electricity companies cut electricity rates in August due to falling LNG prices

2024-06-27 16:48:00
Seven of the top 10 electric power companies will see a reduction in electricity bills due in August this year due to falling prices of liquefied natural gas (LNG), a fuel for thermal power generation.

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Japan Fair Trade Commission orders surcharge on five valve manufacturers and sellers for cartel

2024-06-27 16:38:00
The Japan Fair Trade Commission has ordered five companies that manufacture and sell "valves" for attaching to LP gas containers to pay a total of more than 700 million yen in penalties for forming a cartel to unfairly raise prices, thereby violating the Antimonopoly Act.

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Narita Airport unable to secure fuel, suspending new and increased flights for 57 flights per week

2024-06-27 16:21:00
Overseas airlines are increasingly suspending flight schedules due to an inability to secure fuel for their aircraft, and it has been revealed that 57 new flights and increases to the number of flights per week have been postponed at Narita Airport.

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Shareholders' meeting peaks on the 27th Mitsubishi UFJ president apologizes after business improvement order

2024-06-27 16:09:00
The peak of shareholder meetings for listed companies is on the 27th, with many companies holding their meetings from the morning.

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Stock prices fall for the first time in four business days as profit-taking sell orders grow

2024-06-27 15:35:00
On the 27th, the Nikkei Stock Average on the Tokyo Stock Exchange fell for the first time in four business days.

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All five Japanese automakers' sales in China in May fell year-on-year

2024-06-27 15:11:00
The number of vehicles sold in China by major Japanese automakers in May fell below the same month of the previous year for all five companies that sell locally. In China, where EVs (electric vehicles) are becoming more and more popular, Japanese automakers are increasingly reviewing their strategies.

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Workshop for car dealership salespeople to learn decarbonization skills

2024-06-27 14:10:00
As the movement towards decarbonization advances worldwide, a shortage of personnel with the relevant knowledge and skills has become an issue. For the first time, a training session was held for sales staff at an automobile dealership promoting decarbonization through next-generation vehicles such as EVs to learn the necessary skills.

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US Fed's bank management soundness review: "Capital can be maintained even with losses of about 110 trillion yen"

2024-06-27 13:42:00
The Federal Reserve Board of the United States has announced the results of a stress test, an examination of the soundness of bank management. In the event of a serious recession, the results show that financial institutions will be able to maintain the capital necessary to continue lending, even though losses of approximately 110 trillion yen will occur.

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Japan, US and South Korea Commerce and Industry Ministers Meeting Hold Joint Statement on Strengthening Supply Chains, etc.

2024-06-27 13:21:00
The first-ever meeting of the trade and industry ministers of Japan, the United States and South Korea was held in Washington, D.C. In the joint statement released, they expressed strong concerns about pressure on trading partners, with China in mind, and included cooperation in strengthening supply chains for semiconductors and critical minerals.

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Shareholders' meeting peaks on the 27th Mitsubishi UFJ president apologizes after business improvement order

2024-06-27 13:15:00
The peak of shareholder meetings for listed companies is on the 27th, with many companies holding their meetings from the morning.

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LINE to accelerate measures to prevent recurrence of large-scale data leak incident

2024-06-27 12:46:00
In the wake of the massive data leak incident at LINE, it has been revealed that Yahoo! JAPAN, the operator of LINE, has decided to move ahead with its initial plan to separate its network from the Korean company responsible for the leak, as a preventative measure. The separation is set to be completed by March of next year.

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Yen weakens to dollar level for the first time in 37 and a half years, raising concerns over market intervention

2024-06-27 12:02:00
On the 27th, the Tokyo foreign exchange market was trading at the mid-160 yen level against the dollar, following the trend of the yen weakening to a new record high against the dollar in 37 and a half years on the 26th in the New York market. The yen continues to be vulnerable to selling, and there is growing concern in the market about market intervention by the government and the Bank of Japan.

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Yen weakens to dollar level for the first time in 37 and a half years, raising concerns over market intervention

2024-06-27 11:10:00
The yen fell to the upper 160 yen range against the dollar on the Tokyo foreign exchange market on the 27th and in the New York market on the 26th, reaching a record low of about 37 and a half years, creating a situation in which the yen is prone to selling. In this situation, there is growing concern in the market about market intervention by the government and the Bank of Japan.

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Japan, US and South Korea Commerce and Industry Ministers Meeting Hold Joint Statement on Strengthening Supply Chains, etc.

2024-06-27 10:55:00
The first-ever meeting of the trade and industry ministers of Japan, the United States and South Korea was held in Washington, D.C. In the joint statement released, they expressed strong concerns about pressure on trading partners, with China in mind, and included cooperation in strengthening supply chains for semiconductors and critical minerals.

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Financial assets held by individuals reach record high of 2,199 trillion yen

2024-06-27 10:47:00
Financial assets held by individuals reached a record high of 2,199 trillion yen as of the end of March this year. The expansion of NISA in January this year and the continued upward trend in stock prices led to an expansion in the balance of stocks and investment trusts, significantly boosting individuals' financial assets.

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Yen weakens to dollar level for the first time in 37 and a half years, raising concerns over market intervention

2024-06-27 09:14:00
The yen fell to the upper 160 yen range against the dollar on the Tokyo foreign exchange market on the 27th and in the New York market on the 26th, reaching a record low of about 37 and a half years, creating a situation in which the yen is prone to selling. In this situation, there is growing concern in the market about market intervention by the government and the Bank of Japan.

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Japan, US and South Korea commerce and industry ministers share strong concerns over "economic coercion"

2024-06-27 08:27:00
The first meeting of the trade and industry ministers of Japan, the United States and South Korea was held in Washington, D.C. on the 26th. The ministers shared strong concerns about pressure on trading partners, with China in mind, and agreed to cooperate on strengthening supply chains for semiconductors and critical minerals.

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Shareholders meeting peaks today, with focus on resolutions on activist proposals

2024-06-27 06:40:00
The general shareholders' meetings of listed companies will reach their climax on the 27th. The focus will be on the outcome of resolutions on shareholder proposals from so-called activists and on reviews of the governance systems of companies that have been involved in scandals.

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Japan, US and South Korea commerce and industry ministers share strong concerns over "economic coercion"

2024-06-27 06:18:00
The first meeting of the trade and industry ministers of Japan, the United States and South Korea was held in Washington, D.C. on the 26th. The ministers shared strong concerns about pressure on trading partners, with China in mind, and agreed to cooperate on strengthening supply chains for semiconductors and critical minerals.

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The yen fell to the upper 160 yen range against the dollar and hit a new record low against the euro.

2024-06-27 06:09:00
On the 26th, the New York foreign exchange market saw the yen weaken against the dollar at a further accelerated rate, dropping to the upper 160 yen range per dollar at one point, hitting a record low of about 37 and a half years. The yen also weakened against the euro, briefly hitting the upper 171 yen range per euro, hitting a record low since the euro was introduced in 1999.

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Yen weakens, hitting record low since introduction of euro, briefly dropping to 171 yen to 1 euro

2024-06-27 01:08:00
On the 26th, the New York foreign exchange market saw the yen weaken against the euro, dropping to the upper 171 yen range at one point, hitting a new low since the euro was introduced in 1999. As the yen weakens against the dollar, the trend of selling yen and buying euros is gaining momentum.

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Kyoto   Mt.Fuji


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