2024-07-26 22:59:00
The US personal consumption expenditures (PCE) price index rose 2.5% in June compared to the same month last year. This was the second consecutive month that the rate of increase was lower than the previous month, indicating a downward trend in the inflation rate.
2024-07-26 21:26:00
In response to the issue of Chubu Electric Power and other companies being ordered to pay penalties for repeated collusion in large-scale gas contracts, the Ministry of Economy, Trade and Industry issued business improvement orders to a subsidiary of Chubu Electric Power and Toho Gas on the 26th.
2024-07-26 18:25:00
On the 26th, the yen fell by more than 1 yen on the Tokyo foreign exchange market.
2024-07-26 18:12:00
The yen has strengthened by 10 yen to the dollar in July, reversing from its historically weak level of 161 yen to the dollar. Behind the pause in the yen's depreciation is the widespread speculation in the market that the Bank of Japan will raise interest rates amid rising import prices. Will the Bank of Japan actually act? Trends in personal consumption are attracting attention as a determining factor. Is current consumption resilient? Or weak? We look into the latest developments on the ground. (Economics reporter Enoshima Airi)
2024-07-26 17:10:00
It has become clear that Toyota Motor Corporation is making arrangements to build a new factory in Fukuoka Prefecture to produce batteries for electric vehicles (EVs). The company plans to invest 5 trillion yen in EV-related projects by 2030, and is determined to strengthen its domestic EV production system.
2024-07-26 16:37:00
It has been revealed that the company will pay 2 million yen a month to former chairman Kazumasa Kobayashi, who resigned to become a special advisor after taking responsibility for the issue of people developing kidney problems after taking Kobayashi Pharmaceutical's red yeast rice supplements. This is four times the usual salary for an advisor.
2024-07-26 16:37:00
On the 26th, the Tokyo Stock Exchange and the Nikkei Stock Average fell. This is the eighth consecutive business day of declines.
2024-07-26 14:29:00
In response to increased electricity demand due to the extreme heat, a newly constructed thermal power plant in Chiba Prefecture will begin operations approximately one month earlier than originally scheduled, and was opened to the press on the 26th.
2024-07-26 12:38:00
On the 26th, the Tokyo stock market saw a pause in the yen's appreciation and a move to buy back stocks that had fallen in price, leading to an increase in the Nikkei average.
2024-07-26 12:08:00
It has been revealed that the company will pay 2 million yen a month to former chairman Kazumasa Kobayashi, who resigned to become a special advisor after taking responsibility for the issue of people developing kidney problems after taking Kobayashi Pharmaceutical's red yeast rice supplements. This is four times the usual salary for an advisor.
2024-07-26 12:06:00
The first day of discussions at the G20 Finance Ministers and Central Bank Governors Meeting held in Rio de Janeiro, Brazil, has concluded. While countries have expressed the view that the outlook for the global economy is becoming more likely to be a soft landing, there have also been concerns expressed about the prolonged high interest rates in Europe and the United States.
2024-07-26 10:12:00
The July consumer price index for Tokyo's 23 wards, which excludes fresh food items that are subject to large weather fluctuations, was 2.2% higher than the same month last year in the preliminary figures. The rate of increase expanded by 0.1 percentage point from the previous month, due in part to the end of government subsidies for electricity and gas prices.
2024-07-26 10:02:00
The US GDP (gross domestic product) for April to June of this year was announced on the 25th, and the growth rate compared to the previous three months was an annualized 2.8%. This exceeded market expectations, showing that the US economy continues to be strong even with high interest rates.
2024-07-26 09:07:00
OpenAI, an American company that develops generative AI and ChatGPT, has announced a prototype model of a search engine called "SearchGPT" that utilizes generative AI. In this field, the IT giant Google has also begun offering a search service that utilizes generative AI, so competition is likely to intensify.
2024-07-26 08:44:00
The July Consumer Price Index for Tokyo's 23 wards, excluding fresh food, which is subject to large fluctuations due to weather, was 2.2% higher than the same month last year, a preliminary figure. The increase rate was 0.1 percentage point higher than the 2.1% increase in June, marking the second consecutive month of a rise in the 2% range.
2024-07-26 07:57:00
The Bank of Japan will hold a monetary policy meeting next week to decide on a specific plan to reduce its purchases of government bonds, which have been implemented as part of its large-scale easing policy, and to discuss whether to raise interest rates further in light of the state of the economy and prices.
2024-07-26 01:54:00
Regarding the "primary balance," an indicator of fiscal soundness, it has been learned that the Cabinet Office is adjusting its calculations, which it will soon compile, to show that if expenditure reforms continue, the primary balance will be in the black in the targeted fiscal year of 2025.
