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

Economic news(2024/07/18)


Kyoto   Hakone

European Central Bank keeps key interest rate unchanged

2024-07-18 23:37:00
The European Central Bank held its monetary policy meeting and decided to keep its key policy interest rates unchanged, refraining from further rate cuts following its June meeting in order to gauge inflation trends.

TOP

NTT East and West to end "104" telephone number information service

2024-07-18 23:33:00
NTT East and West Japan have decided to end their "104" service, which provides telephone number information for a fee.

TOP

European Central Bank keeps key interest rate unchanged

2024-07-18 21:33:00
The European Central Bank, which oversees the monetary policy of the 20 eurozone countries including Germany and France, held a board meeting to decide on monetary policy on the 18th and announced that it would keep its main policy interest rate unchanged. Last month, the ECB lowered interest rates for the first time in four years and nine months, but at this meeting it decided to keep interest rates unchanged in order to assess the trend of prices.

TOP

Keidanren to finalize vision for "Japan in 2040" by the end of the year

2024-07-18 21:12:00
The Japan Business Federation's summer forum began on the 18th. Keidanren Chairman Tokura expressed his intention to deepen discussions based on the current situation of population decline and an aging society with a low birthrate, and to compile a vision for the state of Japan's economy and society in 2040 by the end of the year.

TOP

Minimum wage: Workers demand big hike, but companies take cautious stance

2024-07-18 21:02:00
With the spring labor offensive seeing a series of large wage hikes, how much will wages be raised this year? A discussion was held at the Ministry of Health, Labor and Welfare's council on the 18th between labor and management, with the labor side calling for a large increase, while the business side took a cautious stance, stating that small and medium-sized businesses have not been able to sufficiently pass on the increased costs to prices. The discussion is expected to continue until next week, when a national guideline will be decided, and the focus will be on whether the increase will exceed last year's record high.

TOP

The yen temporarily rose to the 155 yen range against the dollar. What caused the yen to appreciate?

2024-07-18 19:46:00
On the 18th, the Tokyo foreign exchange market saw a widespread trend of selling dollars and buying yen, against the backdrop of comments made by key Japanese and American figures regarding currency exchange, and the yen temporarily rose to the mid-155 yen range per dollar, its highest level in about a month.

TOP

Kusuri Aoki Holdings Inc. expresses opposition to shareholder proposal calling for dismissal of president and others

2024-07-18 19:23:00
Drugstore operator Kusuri no Aoki Holdings has announced that it opposes a shareholder proposal from a Hong Kong investment fund calling for the dismissal of the company's president and other executives.

TOP

The yen temporarily rose to the 155 yen range against the dollar. What caused the yen to appreciate?

2024-07-18 18:59:00
On the 18th, the Tokyo foreign exchange market saw a widespread trend of selling dollars and buying yen, against the backdrop of comments made by key Japanese and American figures regarding currency exchange, and the yen temporarily rose to the mid-155 yen range per dollar, its highest level in about a month.

TOP

Minimum wage hike guidelines to be presented for elderly households facing "difficulty in living"

2024-07-18 18:34:00
With the spring labor offensive seeing a series of large wage increases, how much will wages be raised this year? A council of the Ministry of Health, Labor and Welfare is expected to present a guideline for the amount of minimum wage increase requested by both labor and management on the 18th. Discussions will continue until next week, with the focus on whether the increase will be larger than last year's "43 yen increase per hour," the largest increase ever.

TOP

Taiwan's TSMC reports record sales in April-June quarter, but market is wary of the U.S.

2024-07-18 18:24:00
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract manufacturer of semiconductors, announced its financial results for the three months ending last month, reporting its highest sales ever for the three-month period. This was due to favorable sales for AI (artificial intelligence) and other products, but the market is wary of moves to tighten regulations on the semiconductor industry in the United States.

TOP

The yen temporarily rose to the 155 yen range against the dollar. What caused the yen to appreciate?

2024-07-18 18:17:00
On the 18th, the Tokyo foreign exchange market saw a widespread trend of selling dollars and buying yen, against the backdrop of comments made by key Japanese and American figures regarding currency exchange, and the yen temporarily rose to the mid-155 yen range per dollar, its highest level in about a month.

TOP

The yen temporarily rose to the 155 yen range against the dollar. What caused the yen to appreciate?

2024-07-18 16:54:00
On the 18th, the Tokyo foreign exchange market saw the yen strengthen against the backdrop of comments made by key Japanese and American figures regarding currency exchange, with the yen temporarily rising to the 155 yen to the dollar level, its highest level in about a month.

TOP

Stock price falls by more than 900 yen

2024-07-18 15:47:00
On the 18th, the Tokyo stock market saw a rise in sell orders for export-related and high-tech stocks due to concerns about the future of the semiconductor industry and the ongoing appreciation of the yen in the foreign exchange market, causing the Nikkei average to fall by more than 900 yen.

TOP

Keidanren to finalize vision for "Japan in 2040" by the end of the year

2024-07-18 15:11:00
The Japan Business Federation's summer forum began on the 18th. Keidanren Chairman Tokura expressed his intention to deepen discussions based on the current situation of population decline and an aging society with a low birthrate, and to compile a vision for the state of Japan's economy and society in 2040 by the end of the year.

TOP

Suzuki recalls 130,000 vehicles of six models, including the Alto, due to transmission defects

2024-07-18 14:56:00
Automobile manufacturer Suzuki has filed a recall with the Ministry of Land, Infrastructure, Transport and Tourism for over 130,000 vehicles across six models, including the Alto, due to a defect in the transmission that transmits engine power to the wheels, which could, in the worst case scenario, render the vehicles unable to drive.

TOP

[Explanation] Why is point allocation for hometown tax payment now “banned”?

2024-07-18 14:12:00
Starting next October, points awarded by intermediary sites for hometown tax donations will be effectively banned. Why? The Ministry of Internal Affairs and Communications points out the fierce competition between intermediary sites. 16 years after its launch, what is it about "hometown tax donations" that everyone is happy about? Commentator Junko Imai gives a detailed explanation. *Information current as of July 18th. (Video: 6 minutes 55 seconds)

TOP

Yen rises to 155 yen to the dollar due to remarks by US and Japanese officials on currency exchange

2024-07-18 12:28:00
On the 18th, the Tokyo foreign exchange market saw the yen strengthen against the backdrop of comments made by key Japanese and American figures regarding currency exchange, with the yen temporarily rising to the 155 yen to the dollar level, its highest level in about a month.

TOP

Stock price temporarily falls by more than 900 yen

2024-07-18 12:21:00
On the 18th, the Tokyo stock market saw a rise in sell orders for export-related and high-tech stocks due to concerns about the future of the semiconductor industry and the rapid appreciation of the yen in the foreign exchange market, and the Nikkei average temporarily fell by more than 900 yen.

TOP

Trade balance in January-June: 3.2345 trillion yen deficit, less than half of the same period last year

2024-07-18 10:57:00
Japan's trade balance for the six months from January to June this year was in the red by more than 3.2 trillion yen, less than half the amount it had been in the same period last year. This was due in part to the expansion of exports of automobiles and semiconductor manufacturing equipment amid a weak yen.

TOP

Yen exchange rate falls to the mid-155 yen range against the dollar as expectations of a Bank of Japan interest rate hike grow

2024-07-18 10:13:00
On the 18th, the Tokyo foreign exchange market saw the yen strengthen due to growing speculation that the Bank of Japan will raise interest rates in the future, with the yen trading at the mid-155 yen range per dollar, the highest level in about a month.

TOP

Stock prices temporarily fall by more than 900 yen due to growing speculation of an interest rate hike by the Bank of Japan

2024-07-18 09:22:00
On the 18th, the Nikkei average on the Tokyo Stock Exchange temporarily fell by more than 900 yen. In response to the widespread speculation that the Bank of Japan will raise interest rates in the future, the yen has been rapidly strengthening in the foreign exchange market, and concerns have spread over the strengthening of regulations on the semiconductor industry by the Biden administration in the United States, leading to sell orders mainly for export-related and high-tech stocks such as automobiles and semiconductors.

TOP

Trade balance from January to June: deficit of 3.2345 trillion yen; June was the first surplus in three months

2024-07-18 09:08:00
The Ministry of Finance announced that the trade balance for the six months from January to last month was a deficit of 3.2345 trillion yen, which is the difference between exports and imports. The deficit amount has shrunk to less than half compared to the same period last year. Last month's trade balance was a surplus of 224 billion yen, the first surplus in three months.

TOP

Yen rises to 155 yen per dollar as expectations grow for a Bank of Japan interest rate hike

2024-07-18 09:01:00
On the 18th, the Tokyo foreign exchange market saw the yen strengthen, rising to the 155 yen to the dollar range due to widespread speculation that the Bank of Japan will raise interest rates in the future. This is the first time in about a month that the yen has reached the 155 yen to the dollar range. A market insider said, "The fact that former US President Trump was reported to have expressed concern about the strong dollar and weak yen is also a factor in the yen being bought."

TOP

The Dow Jones Industrial Average reaches new record high for third consecutive day, while the Nasdaq falls sharply

2024-07-18 07:43:00
On the 17th, the Dow Jones Industrial Average rose in the New York Stock Exchange, hitting a new all-time high for the third consecutive day. Meanwhile, the Nasdaq stock index, which is dominated by tech-related stocks, fell sharply due to growing concerns over the Biden administration's tightening of regulations on the semiconductor industry.

TOP

Federal Reserve's latest economic report: "Growth to slow over the next six months"

2024-07-18 07:30:00
The Federal Reserve Board of Governors released its latest economic report stating that "economic activity continued to expand modestly in most regions," but it also predicted that growth would slow over the next six months due to uncertainties including the presidential election in November.

TOP

Panasonic HD to sell commercial projector business to Orix

2024-07-18 07:16:00
Panasonic Holdings, a major electronics manufacturer, has decided to sell its large commercial projector business to Orix, a major financial services company.

TOP

G7 trade ministers meet to strengthen monitoring of EV and other overproduction issue, with China in mind

2024-07-18 06:07:00
The G7 trade ministers' meeting in Italy has concluded after two days of discussions. As concerns grow among countries over overproduction of electric vehicles and other products, the G7 agreed to cooperate and strengthen monitoring, with China in mind.

TOP

The yen exchange rate (NY) temporarily rose to the low 156 yen range against the dollar for the first time in about a month.

2024-07-18 05:49:00
On the 17th, the New York foreign exchange market saw the yen strengthen due to widespread speculation that the Bank of Japan will raise interest rates in the future, and the yen temporarily rose to the low 156 yen range against the dollar, the highest level in about a month.

TOP


Kyoto   Mt.Fuji


EN      CS      KO      PT