This page is the news announced by NHK, a representative TV station in Japan.
Economic news(2024/06/30)
Japan Fair Trade Commission issues warning to Toyota-affiliated auto body manufacturer over alleged violation of subcontract law
2024-06-30 15:02:00
According to an interview with a person involved, the Fair Trade Commission has decided to issue a recommendation under the Subcontract Act soon for a car body manufacturing company affiliated with Toyota Motor Corporation in Yokohama City, which has had multiple subcontractor parts manufacturers store "molds" necessary for the manufacture of parts free of charge and have them cover the costs. In the automobile industry, Nissan Motor Corporation also received a recommendation this year for unilaterally reducing the amount of money it pays to subcontractor manufacturers, and the Fair Trade Commission is stepping up its monitoring.
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Brick manufacturing company established by Eiichi Shibusawa opens its kiln to the public in Fukaya, Saitama
2024-06-30 14:58:00
The kiln of the brick manufacturing company founded by Eiichi Shibusawa, whose portrait appears on the new 10,000 yen note, has been opened to the public in his hometown of Fukaya City, Saitama Prefecture.
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China's manufacturing business sentiment falls below the economic assessment threshold of "50" for two consecutive months
2024-06-30 11:55:00
China's manufacturing business confidence index for June fell below the 50 mark, a turning point for economic assessment, for the second consecutive month. The main reason for this is the continued stagnation of domestic demand due to the real estate downturn and other factors.
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Japan Fair Trade Commission issues warning to Toyota-affiliated auto body manufacturer over alleged violation of subcontract law
2024-06-30 10:20:00
According to an interview with a person involved, the Fair Trade Commission has decided to issue a recommendation under the Subcontract Act soon for a car body manufacturing company affiliated with Toyota Motor Corporation in Yokohama City, which has had multiple subcontractor parts manufacturers store "molds" necessary for the manufacture of parts free of charge and have them cover the costs. In the automobile industry, Nissan Motor Corporation also received a recommendation this year for unilaterally reducing the amount of money it pays to subcontractor manufacturers, and the Fair Trade Commission is stepping up its monitoring.
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Bank of Japan is cautious about further yen depreciation due to three traumas [Economics Column]
2024-06-30 00:05:00
The yen's depreciation is accelerating. At one point on the foreign exchange market on June 28th, the dollar fell to the 161 yen range, hitting a record low for the yen's lowest level in approximately 37 and a half years. As rising prices caused by the weak currency put a growing burden on households, the market's focus is on whether the Bank of Japan will raise interest rates at its July meeting. While some believe that the yen has indeed gone too far and that the bank must be considering how to respond, others believe that the bank has suffered three traumatic experiences in the past and will have no choice but to tread cautiously. (Toyonaga Hirotaka, International Desk)
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