2024-08-30 22:27:00
The US personal consumption expenditures (PCE) price index rose 2.5% in July compared to the same month last year. The rate of increase was the same as the previous month, indicating that inflation is continuing to stabilize.
2024-08-30 22:08:00
The US personal consumption expenditures price index (PCE) rose 2.5% in July compared to the same month last year. The rate of increase was the same as the previous month. The Federal Reserve Board (FRB) places great importance on PCE as an indicator to grasp the actual state of inflation, and the latest data shows that inflation is continuing to stabilize. In a speech on the 23rd of this month, FRB Chairman Powell indicated his intention to lower interest rates at the meeting starting on September 17th. Market attention has shifted from the timing of the rate cut to the pace of future rate cuts, and attention is focused on the employment statistics to be released next week in determining the FRB's monetary policy.
2024-08-30 21:00:00
Japan Post has announced that it will issue just over 1 billion New Year's postcards for next year (Reiwa 7), a 25% reduction from the previous year. This is the largest reduction to date, and the postal code states that it expects a drop in demand due to the price hike in postcards in October of this year.
2024-08-30 20:28:00
Jimoto Holdings, a financial group based in Miyagi and Yamagata that is currently undergoing business restructuring under the effective control of the government, has decided to postpone the repayment deadline for 20 billion yen in public funds, which is approaching in September, by 13 years to 2037.
2024-08-30 20:16:00
The deadline for ministries and agencies to submit budget requests to the Ministry of Finance for the compilation of the national budget for next fiscal year was the 30th. Due to an increase in requests in many areas, such as social security and defense, the total amount of the general account exceeded 117 trillion yen, the largest amount ever.
2024-08-30 18:14:00
On the 30th, the yen fluctuated little in the Tokyo foreign exchange market.
2024-08-30 17:41:00
The Tokyo stock market at the beginning of this month experienced historic turmoil, with some calling it the "Reiwa era's Black Monday." One of the triggers is said to be the Bank of Japan's additional interest rate hike, a move that came as a surprise to many investors. Why did the Bank of Japan take this step at this time? We explored this through interviews with experts known as "Bank of Japan watchers," who analyze the BOJ's every move. (Economics Department, Saito Mitsutaka and Mineta Tomoyuki)
2024-08-30 17:31:00
According to the Japan Tourism Agency, a preliminary estimate shows that a total of 59.15 million people stayed in hotels, inns, and other accommodations across Japan in July, up 8.6% from the same month last year and the highest number ever for the month of July.
2024-08-30 17:26:00
Jimoto Holdings, a financial group based in Miyagi and Yamagata that is currently undergoing business restructuring under the effective control of the government, has decided to postpone the repayment deadline for 20 billion yen in public funds, which is approaching in September, by 13 years to 2037.
2024-08-30 17:09:00
A demonstration experiment to limit fare payments to cashless payments on route buses in 13 prefectures across the country will begin in November of this year. The aim is to reduce the effort and costs of managing cash amid an increasingly tough business environment for bus companies.
2024-08-30 16:37:00
Requests from each ministry and agency have been submitted for tax reform next year, in 2025, including a call for an extension of preferential mortgage tax reduction measures for households with children.
2024-08-30 16:16:00
The deadline for ministries and agencies to submit budget requests to the Ministry of Finance in preparation for the compilation of the national budget for next fiscal year is the 30th. Due to an increase in requests in many areas, such as social security and defense, the total amount of the general account is expected to exceed 110 trillion yen for the fourth consecutive year, the highest amount ever.
2024-08-30 16:12:00
On the 30th, the Tokyo stock market saw buying orders for export-related stocks, among others, and the Nikkei average rose.
2024-08-30 14:24:00
A survey by an organization made up of Japanese companies has revealed that 60% of Japanese companies operating in China expect the Chinese economy to worsen this year. As uncertainty grows over the future of the Chinese economy, more than 40% of companies plan to reduce their investments, and companies continue to adopt a cautious stance.
2024-08-30 13:18:00
Chief Cabinet Secretary Hayashi welcomed the largest-ever average increase in the minimum wage in each prefecture, which will be gradually implemented from October this year, calling it a strong move, and stated his intention to do everything in his power to support further wage increases at small and medium-sized enterprises.
2024-08-30 12:11:00
On the 30th, the Nikkei Stock Average on the Tokyo Stock Exchange rose.
2024-08-30 12:10:00
Jimoto Holdings, a financial group based in Miyagi and Yamagata that is currently undergoing business restructuring under the effective control of the government, is reportedly in talks with the Financial Services Agency to postpone the repayment deadline for 20 billion yen in public funds, which is approaching in September, by 13 years to 2037.
2024-08-30 11:30:00
Several US media outlets have reported that IT giant Apple and others are in negotiations to invest in OpenAI, which develops generative AI. As companies accelerate their development of generative AI, it is believed that they are aiming to increase their competitiveness by expanding services for users.
2024-08-30 11:11:00
The July index of industrial production, which indicates corporate production activity, rose for the first time in two months, and the Ministry of Economy, Trade and Industry revised its basic assessment upward to "gradual progress."
2024-08-30 10:57:00
The August consumer price index for Tokyo's 23 wards, excluding fresh food, which is subject to large fluctuations due to weather, was a preliminary figure, and rose 2.4% from the same month last year. The rate of increase expanded by 0.2 percentage points from the previous month, due in part to the end of government subsidies for electricity and gas charges.
2024-08-30 09:18:00
The July index of industrial production, which indicates corporate production activity, was 102.8, up 2.8% from the previous month, with 2020 as the base value of 100. This is the first increase in two months, and the Ministry of Economy, Trade and Industry has revised its assessment of corporate production activity upward to "advancement and retreat."
2024-08-30 09:17:00
According to the Ministry of Internal Affairs and Communications, the national unemployment rate in July was 2.7%, a 0.2 percentage point increase from the previous month. This is the first time the unemployment rate has worsened since February of this year.
2024-08-30 09:01:00
The August Consumer Price Index for Tokyo's 23 wards was a preliminary figure, excluding fresh food, which is subject to large fluctuations due to weather, and was up 2.4% from the same month last year. The increase rate was 0.2 percentage points higher than the previous month's 2.2%, marking the third consecutive month of the 2% range.
2024-08-30 08:39:00
The national average job availability ratio for July was 1.24, up 0.01 points from the previous month, the first increase in four months. The Ministry of Health, Labor and Welfare stated, "Although the trend of suppressing job offers in the manufacturing industry and other sectors continues due to high prices and the weak yen, the negative impact of the negative number of job seekers has caused the job availability ratio to turn positive."
2024-08-30 07:20:00
The deadline for ministries and agencies to submit budget requests to the Ministry of Finance in preparation for the compilation of the national budget for next fiscal year is the 30th. Due to an increase in requests in many areas, such as social security and defense, the total amount of the general account is expected to exceed 110 trillion yen for the fourth consecutive year, the highest amount ever.
2024-08-30 06:43:00
On the 29th, the New York Stock Exchange saw the Dow Jones Industrial Average reach its highest level in two days. This was due to the widespread perception among investors that the US economy was continuing to perform well, based on the economic indicators released that day.
