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

Economic news(2024/07/16)


Kyoto   Hakone

U.S. retail sales flat in June compared to May

2024-07-16 22:10:00
American retail sales in June, which influence the yen's exchange rate, were flat compared to the previous month, exceeding market expectations of a minus 0.3%. May's figure was revised upward to a plus 0.3%, and this latest statistic suggests that consumer spending remains solid even in the face of continuing high interest rates.

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Plans put in place to deal with suspension of international flights and flight increases due to fuel shortage

2024-07-16 21:25:00
As more and more international flights to Japan are being postponed due to a shortage of aviation fuel, a government-private meeting has finalized a countermeasure plan. The plan includes a system for airport operators to collect information on increased flights and to notify them early, so that oil refiners can more easily secure fuel.

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"Government and Bank of Japan to Intervene in Market on July 12th - Estimated 2 Trillion Yen" - Private Analysis

2024-07-16 19:12:00
On July 12th, the foreign exchange market saw a sudden appreciation of the yen, and a private financial intermediary analyzed statistics released by the Bank of Japan, suggesting that the government and the Bank of Japan may have intervened in the market to the tune of 2 trillion yen.

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Yen exchange rate rises compared to before the holidays

2024-07-16 18:29:00
On the 16th, the day after the holidays, the yen rose in value on the Tokyo foreign exchange market compared to before the holidays.

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Sharp's new president and CEO Masahiro Okitsu: "I want to bring back the company's identity"

2024-07-16 17:36:00
Masahiro Okitsu, the new president and CEO of Sharp, which has posted a final loss for two consecutive years, held a press conference and stated his intention to "restore the company's identity," and to develop high-added-value products in the white goods business.

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Toyota extends suspension of three models due to government certification test fraud until end of August

2024-07-16 16:52:00
Toyota Motor Corporation has decided to extend the suspension of three vehicle models, which were scheduled to end at the end of July due to irregularities in national certification tests, until the end of August. Following an instruction from the Ministry of Land, Infrastructure, Transport and Tourism to halt shipments, Toyota has suspended production of three vehicle models, including the Yaris Cross, at its subsidiary's plants in Miyagi and Iwate prefectures since June 6, and says it has no prospect of resuming production.

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Stock prices rise slightly

2024-07-16 15:48:00
On the Tokyo Stock Exchange on the 16th, after the long holiday, stock prices rose slightly.

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Basic agreement reached at international conference on Pacific bluefin tuna, including 1.5 times the fishing quota for large tuna

2024-07-16 13:50:00
An international conference to discuss resource management for Pacific bluefin tuna concluded on the 16th. According to the announcement, it was agreed that the basic target for the catch quota for large bluefin tuna in the mid-western Pacific Ocean, including the waters off Japan, would be increased by 1.5 times, and the catch quota for small bluefin tuna by 10%.

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Mazda to resume production of two models suspended due to certification test fraud after July 18

2024-07-16 12:54:00
Mazda has decided to resume production of two vehicle models that had been suspended due to irregularities in national certification testing from the 18th, after the Ministry of Land, Infrastructure, Transport and Tourism confirmed that they comply with standards.

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Bank of Japan releases minutes from 10 years ago showing differences in perception among committee members on "achieving price target"

2024-07-16 11:51:00
The Bank of Japan has released the minutes of its monetary policy meetings for the six months up to June 2014. It has been about a year since Governor Kuroda began his unprecedented monetary easing policy, aiming to achieve a 2% inflation target within about two years, and it has become clear that there are differences in perceptions among committee members about the realization of the target.

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New measures taken by companies to prevent the impact of cyber attacks on production facilities

2024-07-16 06:51:00
In response to the recent spate of cyber attacks targeting companies, new initiatives are being launched to prevent the impact on factory production equipment.

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The NY Dow's closing price also hits a new all-time high, with speculation about Trump's performance also a factor.

2024-07-16 06:36:00
The Dow Jones Industrial Average rose on the New York Stock Exchange on the 15th, hitting a new all-time high for the first time in about two months. Although former President Trump was shot while speaking at a campaign rally and injured, he will be attending the Republican National Convention, which has provided some relief.

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Measures to utilize senior workers are spreading among companies, including extending re-employment periods and raising basic salaries

2024-07-16 06:28:00
As the labor shortage worsens, companies are increasingly trying to utilize senior talent by extending the period of re-employment after retirement and raising base salaries.

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G7 trade ministers' meeting to be held in Italy from 16th, China expected to be the focus of discussions

2024-07-16 06:16:00
The trade ministers of the G7, or Group of Seven countries, will meet in Italy on the 16th. As the United States, EU and other nations grow increasingly concerned about China's overproduction of electric vehicles and solar panels, the focus is on whether the G7 can deepen their discussions and demonstrate a united stance toward concrete measures.

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The movement to develop products for people with dementia together with those affected is expanding

2024-07-16 05:54:00
There is a growing trend for companies to work with people with dementia to develop products and services that are easy to use.

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Kyoto   Mt.Fuji


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