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

Economic news(2024/07/09)


Kyoto   Hakone

Eiichi Shibusawa to appear on new 10,000 yen banknote, Tokyo Chamber of Commerce and Industry holds ceremony to commemorate his appointment

2024-07-09 21:27:00
Following the issuance of the first 10,000 yen banknote in 20 years, which features a portrait of Eiichi Shibusawa, the Tokyo Chamber of Commerce and Industry, of which Shibusawa served as its first chairman, held a commemorative ceremony.

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Bank of Japan's government bond purchase reduction plan: mixed opinions from financial institutions

2024-07-09 20:33:00
The Bank of Japan has released the opinions of financial institutions in preparation for drawing up a concrete plan for reducing its government bond purchases. As attention is focused on the impact on the foreign exchange market, a variety of opinions have been expressed regarding the purchase scale, which is currently set at around 6 trillion yen per month, ranging from those calling for a significant reduction to those calling for measures based on supply and demand.

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Nippon Ham and JA Zennoh to collaborate in a wide range of areas, including improving the efficiency of the livestock industry

2024-07-09 20:22:00
As the environment surrounding the livestock industry becomes increasingly harsh due to rising feed prices and other factors, food manufacturers Nippon Ham and JA Zennoh have announced that they will cooperate in a wide range of areas, including mutual use and automation of meat processing facilities, in order to work together to improve business efficiency and stabilize supplies.

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Yen exchange rate: Small fluctuations

2024-07-09 19:11:00
On the 9th, the yen fluctuated little in the Tokyo foreign exchange market.

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Honda to consolidate Thai factories into one location and cut production capacity in half

2024-07-09 18:48:00
Honda has revealed plans to consolidate its two automobile factories in Thailand into one by 2025 and cut production capacity in half. With the entry of new Chinese manufacturers, Japanese car market share has been taken away, and companies are reconsidering their strategies one after another.

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Sharp to repurpose part of Mie factory for semiconductor-related production

2024-07-09 17:47:00
Sharp, a major electronics manufacturer, has announced that it has reached an agreement with an electronic parts manufacturer in Kagawa Prefecture to convert part of its Mie factory, which currently produces small and medium-sized liquid crystal panels, into a semiconductor-related production line.

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Kao files petition to halt sales of Iris Ohyama eye masks

2024-07-09 17:19:00
Kao Corporation, a major manufacturer of daily necessities, has filed a petition for provisional injunction in the Tokyo District Court seeking to halt the sale of four products sold by Iris Ohyama, a manufacturer of household goods, alleging that the designs are similar to Kao Corporation's own products and infringe on its design rights.

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Nikkei average closes at 41,000 yen for the first time, hitting a new all-time high on the back of rising U.S. stock prices

2024-07-09 17:13:00
On the 9th, the Nikkei Stock Average on the Tokyo Stock Exchange rose by nearly 800 yen to close at over 41,500 yen, setting a new all-time high.

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Oriental Land to enter cruise business, scheduled to start service in fiscal 2028

2024-07-09 16:42:00
Oriental Land, which operates Tokyo Disneyland, has announced that it will enter the cruise business using large passenger ships. It plans to spend over 300 billion yen on the ship, which is scheduled to begin service in fiscal year 2028.

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Nikkei average closes at 41,000 yen for the first time, hitting a new all-time high on the back of rising U.S. stock prices

2024-07-09 15:49:00
On the 9th, the Nikkei Stock Average on the Tokyo Stock Exchange rose by nearly 800 yen to close at over 41,500 yen, setting a new all-time high.

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Electricity demand increases sharply due to extreme heat, "We will take every possible measure to ensure stable supply," Minister of Economy, Trade and Industry Saito

2024-07-09 14:11:00
The heatwave has caused a sharp increase in electricity demand, and on the 8th Tokyo Electric Power Company received electricity from other power companies for the first time in about two years. In response to this, Economy, Trade and Industry Minister Saito stated that the government will continue to take all possible measures to ensure a stable supply of electricity, including taking appropriate measures when tight supply and demand are expected.

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Stock price temporarily rises by more than 900 yen, reaching a record high during trading hours

2024-07-09 13:59:00
On the 9th, the Nikkei average rose by more than 900 yen at one point in the Tokyo Stock Exchange, hitting a new all-time high during trading hours, following the 8th. Following the rise in stock prices of high-tech stocks on the New York market on the 8th due to expectations of improved performance, buy orders were placed on semiconductors and other stocks immediately after trading began, and the average rose further in the afternoon.

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Stock price temporarily rises by more than 800 yen, reaching a record high during trading hours

2024-07-09 13:16:00
On the 9th, the Nikkei average rose by more than 800 yen at one point in the Tokyo Stock Exchange, hitting a new all-time high during trading hours, following the 8th. Following the rise in stock prices of high-tech stocks on the New York market on the 8th due to expectations of improved performance, buy orders were placed on semiconductors and other stocks immediately after trading began, and the average rose further in the afternoon.

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Stock price rises by more than 600 yen, reaching a record high during trading hours

2024-07-09 12:15:00
On the 9th, the Nikkei Stock Average on the Tokyo Stock Exchange rose by more than 600 yen, setting a new all-time high during trading hours, following the 8th.

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Stock price temporarily rises by more than 500 yen, reaching a record high during trading hours

2024-07-09 11:08:00
On the 9th, the Nikkei Stock Average rose by more than 500 yen at one point in the Tokyo Stock Exchange, hitting a new all-time high during trading hours, following the 8th. Following the rise in stock prices of high-tech stocks on the New York market on the 8th due to expectations of improved performance, buy orders for semiconductors and other stocks began pouring in immediately after trading began.

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Stock price temporarily rises by more than 400 yen, reaching a record high during trading hours

2024-07-09 09:38:00
On the 9th, the Nikkei Stock Average rose by more than 400 yen at one point in the Tokyo Stock Exchange, hitting a new all-time high during trading hours, following the 8th. Following the rise in stock prices of high-tech stocks on the New York market on the 8th due to expectations of improved performance, buy orders for semiconductors and other stocks began immediately after trading began.

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New York Stock Exchange Nasdaq and S&P 500 stock indexes hit new record highs

2024-07-09 07:03:00
On the 8th, the New York Stock Exchange saw both the Nasdaq stock index, which has many tech-related stocks, and the S&P 500 stock index, which is calculated based on the stock prices of 500 major companies, rise and each hit a new record high. Buying orders for semiconductor-related stocks, such as Nvidia, which makes semiconductors for generative AI, and Intel, a major semiconductor manufacturer, pushed up the stock price index. Meanwhile, the closing price of the Dow Jones Industrial Average was $39,344.79, $31.8 lower than last weekend.

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Introducing an evaluation system that will increase motivation to work and reduce employee turnover

2024-07-09 05:53:00
In the retail and restaurant industries, where labor shortages are serious, there is a growing movement to reduce employee turnover by introducing evaluation systems that will increase motivation among store employees and others.

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Bank of Japan exchanges views with financial institutions on specific plan for reducing government bond purchases

2024-07-09 05:31:00
The Bank of Japan is scheduled to present specific plans for reducing its purchases of government bonds at its monetary policy meeting this month, and will be exchanging views with financial institutions that are purchasing government bonds for two days starting from the 9th in order to assess the impact on the market ahead of this plan.

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Kyoto   Mt.Fuji


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