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

Economic news(2024/08/09)


Kyoto   Hakone

Major payment company "PayPay" becomes first company to offer "digital wage payment" Ministry of Health, Labor and Welfare

2024-08-09 21:44:00
On the 9th, the Ministry of Health, Labor and Welfare designated the major payment company PayPay as the first business operator to make so-called digital payments of wages using a smartphone payment app.

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Rakuten Group Financial Results: 5th consecutive period of losses, but overall deficit shrinks

2024-08-09 21:10:00
Rakuten Group's final loss for the six months from January to June this year was 75.9 billion yen, the fifth consecutive loss for this period. However, due to the continued loss-making mobile phone business showing signs of improvement, the loss for the entire group was smaller than the same period last year.

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Japan Post Bank to raise interest rates on savings accounts following further interest rate hike by the Bank of Japan

2024-08-09 18:29:00
Following the Bank of Japan's decision to raise interest rates further on July 31, Japan Post Bank announced that it would raise interest rates on ordinary savings accounts from September.

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The yen temporarily fell to the upper 147 yen range against the dollar.

2024-08-09 18:23:00
On the 9th, the Tokyo foreign exchange market saw a slight decline in expectations that the US Federal Reserve would quickly lower interest rates, leading to an intensified trend of selling yen and buying dollars, with the yen temporarily falling to the high 147 yen range per dollar.

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"RIZAP" ordered to take measures for violating the Act against Unjustifiable Premiums and Misleading Representations by "chocoZAP"

2024-08-09 18:06:00
The Consumer Affairs Agency has issued a corrective order to RIZAP, the operator of the low-priced training gym "chocoZAP," ordering the gym to take measures to prevent recurrence, after the gym advertised services such as self-hair removal as being available 24 hours a day, when in fact they only had a limited time.

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Companies also take action following the "Nankai Trough Earthquake Emergency Information"

2024-08-09 18:01:00
Following the Japan Meteorological Agency's release of "emergency information" on the evening of the 8th calling for caution in the event of a massive earthquake in the Nankai Trough, companies are taking measures.

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Tokyo Stock Exchange: April-June financial results peak for listed companies, more than half see profit growth but market instability

2024-08-09 17:51:00
At the Tokyo Stock Exchange, the announcement of financial results for the period from April to June of this year reached its peak on the 9th. With the weak yen and other factors, more than half of the companies have increased their profits so far, but since then, financial markets have become unstable due to the sudden drop in stock prices and the strengthening of the yen, and the focus is on the extent to which this will affect business performance.

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Toyota submits measures to prevent recurrence of government certification test fraud issue to Ministry of Land, Infrastructure, Transport and Tourism

2024-08-09 17:28:00
In response to the recent spate of irregularities discovered in national certification tests, Toyota Motor Corporation has put together measures to prevent recurrence and submitted them to the Ministry of Land, Infrastructure, Transport and Tourism on the 9th. The measures include educating management and others on the certification process and regulations, as well as establishing a monitoring system for certification tests.

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Tokyo Stock Exchange: April-June financial results peak for listed companies, more than half see profit growth but market instability

2024-08-09 17:15:00
At the Tokyo Stock Exchange, the announcement of financial results for the period from April to June of this year reached its peak on the 9th. With the weak yen and other factors, more than half of the companies have increased their profits so far, but since then, financial markets have become unstable due to the sudden drop in stock prices and the strengthening of the yen, and the focus is on the extent to which this will affect business performance.

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Stock prices temporarily rose by more than 800 yen, but began to fall in the afternoon

2024-08-09 15:53:00
On the 9th, the Nikkei Stock Average on the Tokyo Stock Exchange rose by more than 800 yen in morning trading, but in the afternoon, sell orders increased rapidly and the stock price began to fall, resulting in volatile price movements.

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Why did the stock market crash? Markets lose their temper at the Bank of Japan [New York Economic Column]

2024-08-09 15:33:00
The Nikkei Stock Average crashed historic, triggering a global stock market crash, before rising sharply again. Financial markets are enveloped in an eerie atmosphere, and it is still not clear that stability has been restored. On the day that the Dow Jones Industrial Average plummeted by more than $1,200, I was covering the New York Stock Exchange, and the traders all had grim expressions on their faces. Why did this happen? It has been pointed out that the long-term monetary easing by the Bank of Japan and the weak yen have led to an expansion of "yen carry trades." Some experts explain that this is a "Bank of Japan taper tantrum." Tantrum means "tantrum." It is said that the market lost its temper over the Bank of Japan's policies, but we will delve deeper into the causes of the stock market crash. (America Bureau Reporter Esaki Daisuke)

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Companies also take action following the "Nankai Trough Earthquake Emergency Information"

2024-08-09 14:31:00
Following the Japan Meteorological Agency's release of "emergency information" on the evening of the 8th calling for caution in the event of a massive earthquake in the Nankai Trough, companies are taking measures.

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Toyota submits measures to prevent recurrence of government certification test fraud issue to Ministry of Land, Infrastructure, Transport and Tourism

2024-08-09 14:20:00
In response to the recent spate of irregularities discovered in national certification tests, Toyota Motor Corporation has put together measures to prevent recurrence and submitted them to the Ministry of Land, Infrastructure, Transport and Tourism on the 9th. The measures include educating management and others on the certification process and regulations, as well as establishing a monitoring system for certification tests.

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Companies also take action following the "Nankai Trough Earthquake Emergency Information"

2024-08-09 13:39:00
Following the Japan Meteorological Agency's release of "emergency information" on the evening of the 8th calling for caution in the event of a massive earthquake in the Nankai Trough, companies are taking measures.

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Stock prices rise by more than 800 yen at one point as concerns over a slowdown in the U.S. economy ease

2024-08-09 12:13:00
The Tokyo stock market continues to see volatile price movements, but on the 9th, concerns over a slowdown in the US economy eased, leading to buy orders for a wide range of stocks, and the Nikkei average temporarily rose by more than 800 yen.

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Companies also take action following the "Nankai Trough Earthquake Emergency Information"

2024-08-09 12:10:00
Following the Japan Meteorological Agency's release of "emergency information" on the evening of the 8th calling for caution in the event of a massive earthquake in the Nankai Trough, companies are taking measures.

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China's July Consumer Price Index posts sixth consecutive month of positive growth, but deflation fears remain

2024-08-09 11:40:00
China's consumer price index rose 0.5% in July compared to the same month last year, marking the sixth consecutive month of positive growth. However, as consumers become more frugal, prices of automobiles and other items have fallen, and concerns about deflation remain.

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Companies also take action following the "Nankai Trough Earthquake Emergency Information"

2024-08-09 11:13:00
Following the Japan Meteorological Agency's release of "emergency information" on the evening of the 8th calling for caution in the event of a massive earthquake in the Nankai Trough, companies are taking measures.

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Nikkei average stock price temporarily rises by more than 800 yen

2024-08-09 10:32:00
The Tokyo stock market continues to see volatile price movements, but on the 9th, concerns about a slowdown in the US economy eased, leading to a spread of buy orders across a wide range of stocks, and the Nikkei average temporarily rose by more than 800 yen.

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Nikkei average stock price temporarily rises by more than 800 yen

2024-08-09 09:16:00
The Tokyo Stock Exchange continues to experience volatile price movements, and on the 9th, as concerns over an economic slowdown in the United States eased, buying orders spread, with the Nikkei Stock Average temporarily rising by more than 800 yen. On the 8th, the New York market announced that the number of new unemployment insurance applications was lower than market expectations, easing concerns over an economic slowdown due to the worsening employment situation, and major stock price indexes rose significantly. As a result, buying orders spread to export-related stocks such as semiconductors and automobiles immediately after trading began on the Tokyo market.

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The New York Stock Exchange's Dow Jones Industrial Average rose sharply by more than $680 (closing price on the 8th).

2024-08-09 06:21:00
On the 8th, the New York stock market saw an increase in buying orders as concerns over an economic slowdown due to the worsening employment situation eased, and the Dow Jones Industrial Average closed with a significant increase of over $680.

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Takashimaya and Lawson strengthen measures against customer harassment, refusing to allow customers to enter the stores in some cases

2024-08-09 05:09:00
In the retail industry, where employees often have direct contact with customers, there is a growing movement to strengthen measures against customer harassment, or "customer harassment."

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Private forecasts predict that real GDP growth rate for April to June will turn positive

2024-08-09 05:03:00
The gross domestic product (GDP) for the period from April to June of this year will be announced next week. Many private forecasters predict that the real growth rate will turn positive, due to signs of recovery in sluggish personal consumption.

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Companies also take action following the "Nankai Trough Earthquake Emergency Information"

2024-08-09 03:48:00
Following the Japan Meteorological Agency's announcement of "emergency information" on the evening of the 7th, calling for caution in the event of a massive earthquake in the Nankai Trough, companies are taking measures.

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Contract information for 72,000 employees seconded from Dai-ichi Life Insurance leaked

2024-08-09 02:00:00
It has been discovered that an employee seconded from Dai-ichi Life Insurance to an insurance agency operating company leaked contract information, including the names and birth dates of approximately 72,000 of the agency's customers, to a Dai-ichi Life Group company.

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