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

Economic news(2024/07/02)


Kyoto   Hakone

au Kabucom Securities: Investigation into the cause and number of cases of duplicate deposits to customers

2024-07-02 19:35:00
The major online securities firm au Kabucom Securities has been experiencing issues with duplicate deposits being made to customers, and the company is investigating the cause and number of cases, while also seeking refunds from affected customers.

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First new banknotes in 20 years to be issued tomorrow; some financial institutions will have them available in the morning

2024-07-02 18:51:00
The first new banknotes in 20 years will be issued on the 3rd. The 10,000 yen note will feature Shibusawa Eiichi, known as the "father of modern Japanese economy," the 5,000 yen note will feature Tsuda Umeko, the first female Japanese student to study in the United States, and the 1,000 yen note will feature the portrait of bacteriologist Kitasato Shibasaburo. Some financial institutions are expected to have the new banknotes available in the morning of the 3rd.

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The yen temporarily fell to the 161.70 yen range per dollar, marking the weakest yen in 37 and a half years

2024-07-02 18:19:00
On the 2nd in the Tokyo foreign exchange market, the yen weakened due to factors such as the interest rate differential between Japan and the United States, and at one point the yen fell to the 161.70 yen range per dollar, hitting its lowest level in approximately 37 and a half years since December 1986.

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Stock price recovers to 40,000 yen range for first time in about three months

2024-07-02 16:46:00
On the 2nd, the Tokyo Stock Exchange saw buying orders for energy and financial related stocks, and the Nikkei Stock Average closed at the 40,000 yen level for the first time in about three months.

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10-year government bond interest rate to rise to 1.1%, highest since 2011

2024-07-02 16:44:00
The Ministry of Finance announced that it will raise the nominal interest rate on 10-year government bonds issued this month to 1.1%, the highest rate since 2011, in light of rising market yields.

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Prime Minister Kishida: "Strengthening support measures to accelerate investment in carbon-free energy sources"

2024-07-02 16:29:00
A meeting was held to hear the opinions of experts in order to consider a new national strategy toward realizing a carbon-free society, and Prime Minister Kishida expressed his intention to strengthen support measures in order to accelerate investment in carbon-free energy sources such as renewable energy and nuclear power generation.

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Stock price recovers to 40,000 yen range for first time in about three months

2024-07-02 16:06:00
On the 2nd, the Tokyo Stock Exchange saw buying orders for energy and financial related stocks, and the Nikkei Stock Average closed at the 40,000 yen level for the first time in about three months.

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Nikkei average temporarily reaches 40,000 yen during trading hours for the first time in about three months

2024-07-02 13:59:00
On the 2nd, the Tokyo Stock Exchange's Nikkei average temporarily hit the 40,000 yen level. This is the first time it has done so during trading hours in about three months since April of this year. Energy and financial stocks have risen in value against the backdrop of rising crude oil futures prices and domestic long-term interest rates.

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Minister of Economy, Trade and Industry: "Impact on business partners is limited" over five automakers' certification test fraud

2024-07-02 13:43:00
Regarding the issue of five companies, including automobile manufacturers, engaging in fraudulent testing in national certification tests, Minister of Economy, Trade and Industry Saito stated that the impact on business partners due to the suspension of production by Toyota Motor Corporation and Mazda will be limited, but indicated his intention to continue to respond carefully to inquiries from business partners.

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10-year government bond interest rate to rise to 1.1%, highest since 2011

2024-07-02 12:59:00
The Ministry of Finance announced that it will raise the nominal interest rate on 10-year government bonds issued this month to 1.1%, the highest rate since 2011, in light of rising market yields.

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Mitsubishi UFJ Bank's corporate online banking outage has been resolved

2024-07-02 09:53:00
Mitsubishi UFJ Bank announced that the outage that occurred in its corporate internet banking service had been resolved by the evening of the 1st. The service is currently operating normally.

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New York crude oil futures price rises to $83 for the first time in about two months

2024-07-02 07:46:00
On the 1st, in the New York crude oil market, international crude oil futures prices temporarily rose to the $83 per barrel range for the first time in about two months, amid growing concerns over the intensification of attacks between Israel and the Shiite Islamic organization Hezbollah in neighboring Lebanon.

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The rail industry is moving to introduce robots and AI to reduce labor shortages and reduce workloads

2024-07-02 06:36:00
In the railway industry, in order to make up for the labor shortage at maintenance and inspection sites, there is a growing movement to introduce robots and AI (artificial intelligence) for work that requires working at height or for labor-intensive, strenuous tasks.

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Clothing industry sees surge in recycling technology development, with government backing

2024-07-02 06:17:00
In the clothing industry, where issues such as mass production and mass disposal have been pointed out, there have been a number of moves to collect and remake used products and develop new recycling technologies. The government has also recently set new targets for clothing recycling to support the efforts of companies.

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The yen temporarily fell to the upper 161 yen range against the dollar, marking the weakest yen in about 37 and a half years.

2024-07-02 04:42:00
On the 1st, in the New York foreign exchange market, the yen further weakened as people took into consideration the interest rate differential between Japan and the United States, and the yen temporarily fell to the high 161 yen range per dollar, reaching a new low and the strongest dollar-to-yen level in approximately 37 and a half years.

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Kyoto   Mt.Fuji


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