2024-07-31 22:07:00
Gifu Takashimaya, the only department store in Gifu Prefecture, closed on the 31st, bringing an end to its 47-year history. Gifu is the fourth prefecture in Japan to have no department stores.
2024-07-31 21:42:00
On the 31st, the trend of selling dollars and buying yen intensified further on the London foreign exchange market, and the yen rose to the 149 yen range per dollar.
2024-07-31 20:38:00
Following the Bank of Japan's decision to raise interest rates further, major banks have announced one after another that they will raise interest rates on ordinary deposits by five times the current level. This is the first increase in interest rates on ordinary deposits for each bank since the lifting of negative interest rates in March of this year.
2024-07-31 20:24:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan decided to further raise the policy interest rate to around 0.25%. Regarding this, Governor Ueda said at a press conference after the meeting, "We need to be vigilant about the risk of prices rising, and we have determined that raising interest rates is appropriate in order to achieve the 2% inflation target in a sustainable and stable manner." Governor Ueda's remarks at the press conference are summarized in detail here.
2024-07-31 20:12:00
As the yen continues to weaken in the foreign exchange market, it has become clear that the government and the Bank of Japan have intervened in the market, spending a total of over 5 trillion yen from June to July.
2024-07-31 19:28:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan decided to further raise the policy interest rate to around 0.25%. Regarding this, Governor Ueda said at a press conference after the meeting, "We need to be vigilant about the risk of prices rising, and we have determined that raising interest rates is appropriate in order to achieve the 2% inflation target in a sustainable and stable manner." Governor Ueda's remarks at the press conference are summarized in detail here.
2024-07-31 19:18:00
On the 31st, the Ministry of Land, Infrastructure, Transport and Tourism announced that it had found new irregularities in seven Toyota models in relation to the issue of automakers and other companies engaging in fraudulent activities in obtaining "type approval," which is necessary for the mass production of automobiles and other products, and issued a corrective order under the Road Transport Vehicle Act. This is the first time that a corrective order has been issued to Toyota, and the ministry is calling for the company to report drastic measures to prevent recurrence within one month.
2024-07-31 18:40:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan decided to further raise the policy interest rate to around 0.25%. Regarding this, Governor Ueda said at a press conference after the meeting, "We need to be vigilant about the risk of prices rising, and we have determined that raising interest rates is appropriate in order to achieve the 2% inflation target in a sustainable and stable manner." Governor Ueda's remarks at the press conference are summarized in detail here.
2024-07-31 18:24:00
In the Tokyo foreign exchange market on the 31st, after the Bank of Japan decided on an additional interest rate hike and Governor Ueda mentioned the possibility of further raising interest rates at a press conference, the yen strengthened against the dollar, and the yen rose to the 150 yen range per dollar just before 5:00 p.m.
2024-07-31 18:08:00
Following the Bank of Japan's decision to raise interest rates further, Mitsubishi UFJ Bank has announced that it will raise interest rates on ordinary deposits, increasing the current annual rate of 0.02% to 0.10%, a five-fold increase, from September 2nd of this year. This is the first time the bank has raised interest rates on ordinary deposits since lifting negative interest rates in March of this year, and the 0.10% annual rate will be the highest in about 16 years since November 2008.
2024-07-31 18:06:00
Regarding the issue of automakers and other parties engaging in fraudulent practices in obtaining "type approval," which is necessary for the mass production of automobiles and other products, the Ministry of Land, Infrastructure, Transport and Tourism issued a corrective order on the 31st under the Road Transport Vehicle Act, stating that irregularities had been found in seven new Toyota models. This is the first time that a corrective order has been issued to Toyota.
2024-07-31 17:47:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan decided to further raise the policy interest rate to around 0.25%. Regarding this, Governor Ueda said at a press conference after the meeting, "We need to be vigilant about the risk of prices rising, and we have determined that raising interest rates is appropriate in order to achieve the 2% inflation target in a sustainable and stable manner." Governor Ueda's remarks at the press conference are summarized in detail here.
2024-07-31 17:30:00
On the 31st, the trend of selling dollars and buying yen intensified in the foreign exchange market, with the yen temporarily rising to the 150 yen range per dollar.
2024-07-31 17:03:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan decided to further raise the policy interest rate to around 0.25%. Regarding this, Governor Ueda said at a press conference after the meeting, "We need to be vigilant about the risk of prices rising, and we have determined that raising interest rates is appropriate in order to achieve the 2% inflation target in a sustainable and stable manner." Governor Ueda's remarks at the press conference are summarized in detail here.
2024-07-31 16:24:00
Regarding the issue of automakers and other parties engaging in fraudulent practices in obtaining "type approval," which is necessary for the mass production of automobiles and other products, the Ministry of Land, Infrastructure, Transport and Tourism issued a corrective order on the 31st under the Road Transport Vehicle Act, stating that irregularities had been found in seven new Toyota models. This is the first time that a corrective order has been issued to Toyota.
2024-07-31 16:22:00
According to the Japan Tourism Agency, a preliminary estimate shows that a total of 50.39 million people stayed in hotels, inns, and other accommodations across Japan last month, up 6.3% from the same month last year and the highest figure for June on record.
2024-07-31 16:17:00
On the Tokyo stock market on the 31st, the Nikkei average temporarily fell by more than 500 yen due to the strengthening of the yen, but following the Bank of Japan's decision to raise interest rates further, buying orders became dominant and the stock price ended trading up by more than 500 yen.
2024-07-31 16:08:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan decided to further raise the policy interest rate to around 0.25%. It also decided to reduce the purchase of government bonds, which has been carried out as part of the large-scale easing, from the current monthly amount of around 6 trillion yen to around 3 trillion yen per month from January to March 2026. Why did they decide to further raise interest rates at this time, and what will be the direction of future monetary policy? The much-anticipated press conference by Governor Ueda of the Bank of Japan will be held from 3:30 pm. We will provide you with a quick report of Governor Ueda's remarks at the press conference on this timeline.
2024-07-31 14:39:00
In the Tokyo foreign exchange market on the 31st, after the Bank of Japan decided to raise interest rates further, the yen temporarily rose to the high 151 yen range against the dollar, but then the yen was sold rapidly in some cases, resulting in volatile price movements.
2024-07-31 14:31:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan decided to further raise the policy interest rate to around 0.25%. It also decided to reduce the purchase of government bonds, which has been carried out as part of the large-scale easing, from the current monthly amount of around 6 trillion yen to around 3 trillion yen per month from January to March 2026. Why did they decide to further raise interest rates at this time, and what will be the direction of future monetary policy? The much-anticipated press conference by Governor Ueda of the Bank of Japan will be held at 3:30 pm. We will provide you with a quick report of Governor Ueda's remarks at the press conference on this timeline.
2024-07-31 13:43:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan decided to raise the policy interest rate by an additional 0.25%. The Bank of Japan decided to raise interest rates following the March rate hike this year, as it is increasingly likely that prices will rise in line with the Bank of Japan's forecast. Bank of Japan Governor Ueda is scheduled to explain the purpose of this decision at a press conference later this afternoon at 3:30 p.m.
2024-07-31 13:26:00
On the Tokyo foreign exchange market on the 31st, when it was announced that the Bank of Japan had decided to raise interest rates further, the trend of selling dollars and buying yen suddenly intensified, and the exchange rate rose to the upper 151 yen range per dollar at one point. However, there were also times when the yen was sold rapidly afterwards, resulting in volatile price movements.
2024-07-31 13:12:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan decided to raise the policy interest rate by an additional 0.25%. The Bank of Japan decided to raise interest rates following the March rate hike this year, as it is increasingly likely that prices will rise in line with the Bank of Japan's forecast. Bank of Japan Governor Ueda is scheduled to explain the purpose of this decision at a press conference later this afternoon at 3:30 p.m.
2024-07-31 12:19:00
On the 31st, the Tokyo stock market saw sell orders, mainly for export-related stocks, in response to the yen's strengthening due to expectations that the Bank of Japan would implement additional interest rate hikes, and the Nikkei average temporarily fell by more than 500 yen.
2024-07-31 11:57:00
In a case involving fraudulent practices by automakers and other parties in obtaining "type approval" necessary for the mass production of automobiles, the Ministry of Land, Infrastructure, Transport and Tourism has decided to soon issue a corrective order under the Road Transport Vehicle Act to demand fundamental reforms, as new irregularities have been discovered at Toyota Motor Corporation, according to interviews with related parties. If a corrective order is issued to Toyota, it will be the first time.
2024-07-31 11:50:00
On the 31st, the Tokyo foreign exchange market saw a growing trend of selling dollars and buying yen due to expectations that the Bank of Japan would implement further interest rate hikes, and the yen was trading at around 152 yen to the dollar, about 2 yen higher than on the 30th, with the yen strengthening and the dollar weakening.
2024-07-31 11:40:00
The Bank of Japan is holding its second day of monetary policy meetings on the 31st to consider further interest rate hikes. It is believed that the Bank of Japan is discussing plans to raise the policy interest rate to 0.25%, among other things, and is scheduled to announce any decisions made after the meeting.
2024-07-31 10:45:00
The June index of industrial production, which indicates corporate production activity, fell for the first time in two months.
2024-07-31 10:06:00
On the 31st, the Tokyo foreign exchange market saw the yen strengthen against the dollar due to speculation that the Bank of Japan might implement another interest rate hike, with the yen rising by more than 2 yen to trade in the low 152 yen range against the dollar.
2024-07-31 09:21:00
On the 31st, the Nikkei average temporarily fell by more than 500 yen on the Tokyo Stock Exchange. In addition to the sharp decline in tech-related stocks on the New York market on the 30th, the yen has strengthened due to the expectation that the Bank of Japan may raise interest rates further, and sell orders were placed on export-related stocks such as semiconductors and automobiles immediately after trading began.
2024-07-31 09:05:00
The index of industrial production for last month (June), which indicates corporate production activity, was 100.6, with 2020 as the base year of 100, down 3.6% from the previous month, the first decline in two months. The Ministry of Economy, Trade and Industry maintained its basic assessment that the index is "weakening, albeit fluctuating."
2024-07-31 08:31:00
American IT giant Microsoft reported increased revenue and profits for the three months to June, thanks in part to strong performance in its cloud business, which utilizes generative AI.
2024-07-31 06:23:00
Ahead of the Tokyo Stock Exchange's trading hours being extended from November this year, Japan Exchange Group CEO Hiromi Yamamichi said at a press conference that "this will have the effect of increasing trading volume," expressing his hopes for revitalizing the market.
2024-07-31 05:28:00
On the 30th, in the New York foreign exchange market, the yen strengthened due to speculation that the Bank of Japan might raise interest rates further, and at one point the yen rose to the 152 yen range per dollar.
