Economic news(2024/08/16)
[Impact of Typhoon No. 7] Disneyland to close, delivery and convenience stores too
2024-08-16 20:42:00
Due to the impact of Typhoon No. 7, Tokyo Disneyland and Tokyo DisneySea have decided to close at 3:00 pm on the 16th. In addition, delays are expected in the collection and delivery of parcels in northern and eastern Japan from the 16th onwards, with impacts being felt all over the country.
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Large-scale food trade fair held in Hong Kong, with over 200 companies and organizations from Japan participating
2024-08-16 19:41:00
A large-scale food trade fair is being held in Hong Kong, with over 200 companies and organizations from Japan participating to promote the appeal of Japanese food.
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Domestic stock trading volume hits record high of over 79 trillion yen last week
2024-08-16 18:51:00
Last week, a year marked by unprecedented stock price volatility, the total amount of trading in domestic stocks reached a record high of over 79 trillion yen, indicating that not only the fluctuations in stock prices but also the scale of trading were record-breaking.
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The yen temporarily fell to the 149 yen range against the dollar.
2024-08-16 18:50:00
On the 16th in the Tokyo foreign exchange market, concerns about the future of the US economy eased and the possibility of a major interest rate cut became less likely, leading to a growing trend to sell yen and buy dollars, with the yen temporarily falling to the 149 yen range per dollar.
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Shareholder proposal calling for dismissal of Kusuri Aoki Holdings president and others rejected by majority
2024-08-16 18:48:00
The general shareholders' meeting of Kusuri no Aoki Holdings, which operates drug stores mainly in the Hokuriku region, was held in Kanazawa City on the 16th, and a shareholder proposal from a Hong Kong investment fund that called for the dismissal of the company president and other members of the founding family, citing "serious problems with corporate governance," was rejected by a majority vote.
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Foreigners acquire shares in six manufacturing industries, including multifunction copiers, now required to notify
2024-08-16 18:47:00
The government has added six manufacturing industries, including multifunction copiers, to the list of industries in which foreigners are required to notify the government when acquiring shares, citing their importance to Japan's national security.
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Don Quijote operator's sales exceed 2 trillion yen for the first time amid strong inbound tourism
2024-08-16 18:45:00
The company, which operates discount stores such as Don Quijote, reported sales of more than 2 trillion yen for the first time in the year ending in June this year, thanks to increased inbound demand and strong sales of private-label products.
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Stock price rises by more than 1,300 yen to close, the second largest increase this year
2024-08-16 18:22:00
On the 16th, the Tokyo Stock Exchange saw an overall rise in the value of stocks on the back of rising US stock prices and the weakening of the yen, and the Nikkei Stock Average closed up by more than 1,300 yen, the second-highest increase this year. It also recovered to the 38,000 yen level for the first time in about two weeks.
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Panasonic to end fluorescent lamp production by end of 2027, accelerate LED production
2024-08-16 16:06:00
Panasonic has decided to end all production of fluorescent lamps, which it has been producing for over 70 years, by the end of 2027. In response to the international ban on the manufacture and import/export of fluorescent lamps, the company will accelerate the production of highly energy-efficient LED lighting.
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Nikkei Stock Average Closes at 38,000 Yen, Second Largest Increase This Year
2024-08-16 15:28:00
On the 16th, the Tokyo Stock Exchange saw an overall rise in the value of stocks on the back of rising US stock prices and the weakening of the yen, and the Nikkei Stock Average closed up by more than 1,300 yen, the second-highest increase this year. It also recovered to the 38,000 yen level for the first time in about two weeks.
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Nikkei Stock Average closes at 1,300 yen, recovering to the 38,000 yen range
2024-08-16 15:19:00
On the 16th, the Tokyo stock market saw an overall rise on the back of rising US stock prices and the weakening of the yen, with the Nikkei Stock Average closing price rising by more than 1,300 yen, recovering to the 38,000 yen range for the first time in about two weeks.
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Nikkei Stock Average temporarily rises by more than 1,100 yen, recovering to the 37,000 yen range
2024-08-16 12:05:00
On the 16th, the Tokyo stock market saw an almost across-the-board rise on the back of rising US stock prices and the weakening of the yen, and the Nikkei average rose by more than 1,100 yen at one point in morning trading.
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Nikkei Stock Average temporarily rises by more than 1,100 yen as concerns over the future of the U.S. economy ease
2024-08-16 10:54:00
On the Tokyo stock market on the 16th, the Nikkei average temporarily rose by more than 1,100 yen as concerns about the future of the US economy eased, leading to an almost across-the-board rise.
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Nikkei Stock Average temporarily rises by more than 1,000 yen as concerns over the future of the U.S. economy ease
2024-08-16 10:10:00
On the 16th, the Tokyo stock market saw a spread of buying orders across a wide range of stocks as concerns about the future of the US economy eased, and the Nikkei average temporarily rose by more than 1,000 yen.
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The yen temporarily fell to the 149 yen range against the dollar.
2024-08-16 09:45:00
On the 16th, the Tokyo foreign exchange market saw a rise in selling yen and buying dollars on the view that the results of US retail statistics were much better than market expectations, making a significant interest rate cut less likely, and the yen temporarily fell to the 149 yen range per dollar.
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Nikkei average stock price temporarily rises by more than 900 yen
2024-08-16 09:11:00
On the 16th, the Nikkei average rose by more than 900 yen at one point on the Tokyo Stock Exchange. The US retail statistics released on the 15th were much higher than market expectations, easing concerns about an economic recession, and the yen continued to weaken in the foreign exchange market, leading to a rise in buy orders immediately after trading began.
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Yen exchange rate (NY) temporarily drops to the low 149 yen range following the release of US retail statistics
2024-08-16 05:37:00
On the 15th in the New York foreign exchange market, the widespread perception was that the US retail statistics released that day showed a robust economy, leading to a trend of selling yen and buying dollars, with the yen temporarily falling to the low 149 yen range per dollar.
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U.S. retail sales in July increased 1% from the previous month, well above market expectations
2024-08-16 01:25:00
In the United States, retail sales in July increased by 1% compared to June, well above market expectations of a growth rate of around 0.4%. In the United States, a slowdown in personal consumption had been pointed out amid continued high interest rates, but the latest statistics showed that it was still strong.
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