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

Economic news(2024/07/19)


Kyoto   Hakone

Keidanren Summer Forum "Startups in collaboration with the government"

2024-07-19 22:18:00
As the Japan Business Federation's Summer Forum concluded, a document was compiled stating that, in order to create world-leading innovations toward 2040, the government should work to promote startups in cooperation with other parties. The document was handed over to Prime Minister Kishida, who was visiting the forum.

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TEPCO Power Grid president and others receive reduced compensation for illegally viewing customer information

2024-07-19 21:08:00
In response to the issue of customer information for Tokyo Electric Power Company Power Grid, which transmits and distributes electricity, being illegally viewed by employees of the holding company, the company has announced that it will reduce the salaries of the president and two vice presidents in order to clarify management responsibility.

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Japan Airlines website and app reservation services all restored

2024-07-19 20:53:00
Japan Airlines said that some services, such as booking flights on its website and app, were unavailable from around 2:00 p.m. on the 19th, but all services were restored around 7:00 p.m. It is unclear whether this system failure is related to the large-scale outages occurring worldwide, and the company is currently investigating the exact cause.

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Prime Minister Kishida: "All policies to encourage wage increases and all possible measures to combat rising prices"

2024-07-19 20:16:00
Regarding future economic policies, Prime Minister Kishida reiterated his intention to mobilize all possible policies, including efforts to encourage wage increases, in order to overcome deflation and achieve sustainable growth, while also taking all possible measures to combat rising prices.

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System failure causes cash registers to not work at some restaurants in Universal Studios Japan

2024-07-19 19:07:00
At Universal Studios Japan (USJ) theme park in Osaka's Konohana Ward, a system failure has occurred that has rendered some restaurants and souvenir shops unable to use cash registers, making it impossible to process payments.

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About 30% of McDonald's stores experience cash register failures, some operations suspended

2024-07-19 18:47:00
McDonald's Japan, a major hamburger chain, has experienced a problem in which the cash registers at about 30% of its stores nationwide did not start up, causing some stores to close. The company is rushing to confirm the cause of this latest problem, as a system failure also occurred in March of this year, causing a number of stores to close.

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Ezaki Glico to resume shipping of flagship "Pucchin Pudding" next month

2024-07-19 18:34:00
Ezaki Glico will resume shipments of its flagship products, Pucchin Pudding and Cafe au Lait, from next month, after having suspended shipments due to a malfunction in the core system that manages distribution.

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Mitsubishi UFJ Financial Group announces disciplinary action against 21 executives over unauthorized sharing of customer information

2024-07-19 18:33:00
Mitsubishi UFJ Financial Group has announced disciplinary measures, including reductions in compensation, for 21 executives, including some who have since retired, following a scandal involving the unauthorized sharing of nonpublic information about client companies by a bank and securities firm under its umbrella.

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Yen exchange rate falls

2024-07-19 18:23:00
The yen fell in value on the Tokyo foreign exchange market on the 19th.

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The shock of 280 billion yen in “abandoned pensions” [Economics column]

2024-07-19 18:16:00
The number of people joining "corporate defined contribution pension plans (DC)" is increasing due to growing interest in asset management and preparation for retirement. This type of corporate pension is managed by the participant and paid by the company. However, many people do not take the necessary steps when changing jobs or retiring early, and as a result, there have been a series of cases where hard-earned assets end up sitting idle. The total amount of these pensions, which cannot be managed and have been left "abandoned," so to speak, is said to be 280 billion yen. (Makata Kentaro, Economics Department)

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Telephone number information service "104" to end at the end of March 2026 NTT East and West Japan

2024-07-19 18:04:00
NTT East and West have announced that they will end their "104" service, which provides telephone number information for a fee, at the end of March 2026.

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JR Kyushu to raise fares by an average of 15% from April 1 next year

2024-07-19 17:44:00
Excluding the consumption tax hike, this will be the first fare increase since 1996. JR Kyushu has announced a plan to raise the minimum fare from the current 170 yen to 200 yen from April next year, and to raise all fares by an average of 15%.

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Mitsubishi UFJ Group management disciplinary action announced following unauthorized sharing of customer information

2024-07-19 16:07:00
Mitsubishi UFJ Financial Group has announced disciplinary action against its management following a scandal involving the unauthorized sharing of nonpublic information about client companies by its subsidiary banks and securities firms.

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Foreign tourists to Japan in June reached a record high of 3.13 million, the highest number in the first half of the year

2024-07-19 16:06:00
The number of foreign tourists who visited Japan last month was 3.13 million, the highest monthly total ever. In addition, the number of tourists visiting Japan from January to last month was 17.77 million, the highest number ever for this period.

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Stock prices fall slightly

2024-07-19 15:51:00
On the 19th, stock prices on the Tokyo Stock Exchange fell slightly.

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Cabinet Office lowers economic growth forecast for this fiscal year to "around +0.9%"

2024-07-19 15:17:00
The Cabinet Office has released its latest forecast for the growth rate of the Japanese economy for this fiscal year and fiscal 2024, lowering its previous forecast by 0.4 percentage points to around 0.9% in real terms, excluding price fluctuations, due to the expected decline in personal consumption due to higher prices caused by the weak yen.

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Prime Minister Kishida orders strengthening efforts to attract foreign tourists to regional areas

2024-07-19 14:32:00
As the number of foreign tourists visiting Japan continues to reach an all-time high, Prime Minister Kishida has instructed relevant cabinet ministers to strengthen efforts to attract more tourists to regional areas in order to further increase the number of tourists.

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Digital Minister Kono: "I did not directly ask the Bank of Japan to raise interest rates"

2024-07-19 14:13:00
In response to reports that in an interview with American media he had mentioned the need for the Bank of Japan to raise interest rates, Digital Minister Kono explained at a press conference held on the 19th that he "was simply stating the theory that if interest rates rise, the yen will appreciate," and that his remarks were not a direct call for the Bank of Japan to raise interest rates.

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Foreign tourists to Japan in June reached a record high of 3.13 million, the highest number in the first half of the year

2024-07-19 12:38:00
The number of foreign tourists who visited Japan last month was 3.13 million, the highest monthly total ever. In addition, the number of tourists visiting Japan from January to last month was 17.77 million, the highest number ever for this period.

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About 30% of McDonald's stores experience cash register failures, some operations suspended

2024-07-19 12:21:00
McDonald's Japan, a major hamburger chain, has experienced a problem in which the cash registers at about 30% of its stores nationwide would not start up, causing some stores to close. The company is rushing to confirm the cause of this latest problem, as a system failure also caused a number of stores to close in March of this year.

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Mitsubishi UFJ Financial Group to discipline group management over unauthorized sharing of customer information

2024-07-19 12:20:00
Mitsubishi UFJ Financial Group will announce disciplinary measures for the group's management in response to the problem of its affiliated banks and securities firms sharing nonpublic information of client companies without permission. More than 10 executives across the group are expected to be subject to disciplinary measures.

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Cabinet Office lowers economic growth forecast for this fiscal year to "around +0.9%"

2024-07-19 11:57:00
The Cabinet Office has released its latest forecast for the growth rate of the Japanese economy for this fiscal year and fiscal 2024, lowering its previous forecast by 0.4 percentage points to around 0.9% in real terms, excluding price fluctuations, due to the expected decline in personal consumption due to higher prices caused by the weak yen.

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June consumer price index up 2.6% from the same month last year

2024-07-19 11:52:00
Last month's Consumer Price Index, which tracks price movements of goods and services consumed at home and excludes fresh food, which is subject to large fluctuations due to weather, rose 2.6% from the same month last year, an increase of 0.1 percentage point from the previous month.

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Netflix adds 8.05 million subscribers worldwide in the past three months

2024-07-19 10:42:00
Netflix, the American video streaming giant, announced its financial results for the three months ending in June on the 18th, showing that its global subscriber base had increased by 8.05 million over the three months, to 277.65 million, resulting in increased revenue and profits.

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System failure at McDonald's causes some stores to close

2024-07-19 10:34:00
According to McDonald's Japan, a major hamburger chain, a system failure has occurred, causing some stores to close. The company is rushing to confirm the cause of the failure and the extent to which the impact of the system failures has spread, following a similar incident in March of this year when a number of stores were forced to close due to a system failure.

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June consumer price index up 2.6% from the same month last year

2024-07-19 08:49:00
The Consumer Price Index for June, which looks at the price movements of goods and services consumed at home and excludes fresh food, which is highly volatile due to weather, rose 2.6% from the same month last year, up 0.1 percentage point from 2.5% in May.

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New York market: Yen weakens to mid-157 yen range against the dollar, Dow Jones Industrial Average falls sharply

2024-07-19 06:32:00
In New York financial markets on the 18th, the interest rate differential between Japan and the US came into focus in response to a rise in US long-term interest rates, causing the yen to weaken temporarily to the mid-157 yen range against the dollar, and the Dow Jones Industrial Average to fall sharply by more than 500 dollars.

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Kyoto   Mt.Fuji


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