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

Economic news(2024/08/29)


Kyoto   Hakone

ASICS to withdraw from sales of baseball equipment such as gloves and bats

2024-08-29 19:41:00
Asics, a major sporting goods manufacturer, has announced that it will withdraw from the baseball equipment business, which includes the manufacture and sale of gloves and bats, excluding shoes. As profitability has declined due to the decline in the number of players, the company plans to focus its management resources on businesses such as running shoes.

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August Monthly Economic Report: Economic outlook upgraded for the first time in 1 year and 3 months

2024-08-29 19:17:00
In its August monthly economic report, the government raised its assessment of the economy's outlook for the first time in 1 year and 3 months, citing signs of a recovery in personal consumption and strong corporate performance.

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Mitsubishi UFJ Bank to become first major bank to enter electricity futures market as a trader

2024-08-29 18:49:00
It has been learned that Mitsubishi UFJ Bank will be the first major domestic bank to enter the electricity futures market, in which future electricity is bought and sold at a pre-agreed price. The electricity futures market has a small trading volume, so the focus is on whether the entry of a major bank will expand the market's scale and lead to the stabilization of electricity prices.

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Eight of the top 10 major companies raise electricity rates in October due to rising import prices of LNG, etc.

2024-08-29 18:29:00
Eight of the top 10 electric power companies will see an increase in electricity bills due to October this year due to rising import prices of liquefied natural gas (LNG), which is used as fuel for thermal power generation.

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Yen exchange rate: Small fluctuations

2024-08-29 18:18:00
On the 29th, the yen fluctuated little on the Tokyo foreign exchange market.

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Tokyo Toy Show opens with introduction of products utilizing the latest digital technology

2024-08-29 17:28:00
Japan's largest toy exhibition has opened, showcasing products that utilize the latest digital technologies such as AI.

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Japanese automakers' July sales figures show notable declines in China and Thailand

2024-08-29 16:45:00
The number of vehicles sold in China by major Japanese automakers in July was down from the same month last year for all five companies that sell cars there. The decline in sales was also noticeable in Thailand, where Japanese cars have a high market share, and a number of Japanese manufacturers are being forced to reassess their strategies.

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Following the revision of the "Constitution of Agricultural Policy," the basic plan for determining agricultural policy from next fiscal year will be discussed

2024-08-29 16:31:00
Following the revision of the law known as the "Constitution of Agricultural Policy," discussions have begun on a new basic plan that will set out agricultural policy for the next five years starting next fiscal year.

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Stock prices fall slightly

2024-08-29 16:20:00
On the 29th, the Nikkei Stock Average on the Tokyo Stock Exchange fell slightly.

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Nippon Steel plans to invest additional $1.87 billion in U.S. Steel's steel mill

2024-08-29 11:16:00
Nippon Steel has revealed plans to make an additional investment of more than 180 billion yen in its local steelworks in connection with its plan to acquire U.S. Steel, a major American steel manufacturer.

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NVIDIA's third-month earnings report: Final profits up 2.7 times year-on-year

2024-08-29 10:17:00
Nvidia, a major American semiconductor manufacturer, reported that its final profit for the three months ending last month was approximately 2.7 times higher than the same period last year, due to growing demand for semiconductors for generative AI.

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Financial institutions move to provide new digital assets

2024-08-29 07:08:00
Domestic online banks have issued new digital assets. They expect that these will be used for payments such as when purchasing digital certificates using blockchain technology, and other financial institutions are also moving to provide similar services.

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NVIDIA's third-month earnings report: Final profits up 2.7 times year-on-year

2024-08-29 06:52:00
Nvidia, a major American semiconductor manufacturer, reported that its final profit for the three months ending last month was approximately 2.7 times higher than the same period last year, due to continued expansion in demand for semiconductors for generative AI.

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Ministry of Agriculture, Forestry and Fisheries requests wholesalers to "smoothen distribution of rice" amid shortage

2024-08-29 04:51:00
In response to rice shortages at supermarkets and other stores across the country, the Ministry of Agriculture, Forestry and Fisheries is calling on wholesalers and other parties to work to smooth distribution, and plans to expand a system for providing stockpiled rice to children's cafeterias and other facilities from next month.

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Kyoto   Mt.Fuji


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