2024-08-22 18:51:00
On the 22nd, the Tokyo foreign exchange market saw the yen rise in value as expectations grew that the Federal Reserve, the US central bank, would lower interest rates next month, leading to selling of dollars and buying of yen.
2024-08-22 18:32:00
The Nikkei Stock Average has been fluctuating wildly since its record drop earlier this month, but rose for four consecutive trading days last week. During this period, the amount of stocks purchased by overseas investors exceeded the amount they sold, marking two consecutive weeks of net purchases.
2024-08-22 18:17:00
The Japan Fair Trade Commission has issued a warning to Nissin Foods, a major food manufacturer, that it may be violating the Antimonopoly Act by forcing retailers to raise prices for five of its major products, including Cup Noodles, depriving consumers of price competition and opportunities to purchase products at lower prices.
2024-08-22 17:02:00
Sales at major supermarkets nationwide last month totaled 1.598 trillion yen, down 1% from the same month last year when comparing existing stores. This is the first decrease in 17 months since February last year.
2024-08-22 15:54:00
On the 22nd, the Tokyo Stock Exchange saw buy orders for many stocks, causing the Nikkei average to rise.
2024-08-22 12:21:00
The Nikkei average temporarily rose by more than 400 yen, due to major stock indexes all rising on the Tokyo stock market on the 22nd and on the New York market on the 21st.
2024-08-22 12:13:00
Nippon Steel Corporation and JFE Holdings, two major steelmakers, have announced that they will acquire a portion of the interests of a coal mine in Australia. The two companies will invest a total of 160 billion yen in the project, aiming to ensure a stable supply of coal for steelmaking.
2024-08-22 09:02:00
As demand for electric vehicles (EVs) in the United States remains sluggish, major automaker Ford announced on the 21st that it would discontinue development of an EV for its large SUVs (multi-purpose sports vehicles).
2024-08-22 07:36:00
Minutes from a July meeting of the Federal Reserve Board, the US central bank, have been released, revealing that the majority of participants agreed that if future economic indicators are as expected, it would be appropriate to lower interest rates at the next meeting in September.
2024-08-22 06:59:00
As generative AI is rapidly gaining popularity, the Japan Fair Trade Commission plans to launch an investigation within the year to ascertain whether there are any concerns about competition issues surrounding domestic AI development. It is expected to check whether there are any attempts to hoard the vast amounts of data needed for AI training for one company.
2024-08-22 06:25:00
In an effort to use the increase in foreign tourists to revitalize local areas, there has been active development of ports in various regions to attract cruise ships.
2024-08-22 05:13:00
A symposium gathering executives from major central banks in Jackson Hole, US, will begin on the 22nd. Attention is focused on a speech by Federal Reserve Chairman Powell, whose speech will have an impact on the yen and stock prices. There is growing interest in how he will address the extent of future interest rate cuts and his outlook for the economy.
