Economic news(2024/09/04)
Stock prices fell by more than 1,800 yen on the Tokyo Stock Exchange on the 4th, with three main factors behind the decline
2024-09-04 22:16:00
There are three main factors behind the Nikkei average temporarily falling by more than 1,800 yen on the Tokyo Stock Exchange on the 4th.
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Ministry of Land, Infrastructure, Transport and Tourism aims to introduce Japanese ride-sharing in all prefectures by the end of the year
2024-09-04 18:59:00
In order to eliminate "transportation gaps" in areas where it is difficult to secure transportation such as buses or taxis, the Ministry of Land, Infrastructure, Transport and Tourism has decided to review the operation of Japan's version of ride-sharing, which is operated by taxi companies, with the aim of introducing it to all prefectures by the end of the year.
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Yen exchange rate rises Due to uncertainty about the future of the US economy, dollar selling and yen buying
2024-09-04 18:42:00
On the 4th, the yen rose in value on the Tokyo foreign exchange market as there was a growing trend to sell dollars and buy yen due to uncertainty about the future of the US economy.
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Generative AI startup Sakana AI announces investment from NVIDIA
2024-09-04 17:01:00
Sakana AI, a Japanese startup developing generative AI, has announced that it will receive investment from the American semiconductor giant Nvidia. As the race to develop AI intensifies around the world, including among major American IT companies, companies are also actively trying to corner start-ups.
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Nikkei Stock Average falls by 1,638.70 yen at closing, the third largest drop this year
2024-09-04 16:11:00
On the 4th, the Tokyo stock market fell across the board as cautious views on the future of the US economy spread, and the Nikkei average stock price fell sharply by more than 1,600 yen at closing.
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Generative AI startup Sakana AI announces investment from NVIDIA
2024-09-04 15:22:00
Sakana AI, a Japanese startup developing generative AI, has announced that it will receive investment from the American semiconductor giant Nvidia. As the race to develop AI intensifies around the world, including among major American IT companies, companies are also actively trying to corner start-ups.
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Stock prices temporarily fall by more than 1,800 yen as cautious views of the US economy grow
2024-09-04 14:21:00
On the Tokyo Stock Exchange on the 4th, sell orders increased further in the afternoon, and the Nikkei average temporarily fell by more than 1,800 yen. The index showing the business confidence of the manufacturing industry released in the United States on the 3rd fell short of market expectations, leading to a widespread cautious view of the future of the American economy. As a result, major stock indexes fell in unison on the New York market on the 3rd, and sell orders increased for many stocks in the Tokyo market, leading to an across-the-board decline.
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Stock prices temporarily fall by more than 1,700 yen as cautious views of the US economy grow
2024-09-04 14:16:00
On the Tokyo Stock Exchange on the 4th, sell orders increased further in the afternoon, and the Nikkei average temporarily fell by more than 1,700 yen. A cautious view of the future of the American economy spread as an index showing the business climate of the manufacturing industry released in the United States on the 3rd fell short of market expectations. As a result, major stock indexes fell in unison on the New York market on the 3rd, and sell orders increased for many stocks in the Tokyo market, leading to an across-the-board decline.
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Stock prices temporarily fall by more than 1,500 yen as cautious views of the US economy grow
2024-09-04 11:53:00
Following the decline in stock prices on the Tokyo stock market on the 4th and on the New York market on the 3rd, stock prices fell across the board immediately after trading began, with the Nikkei average stock price falling by more than 1,500 yen at one point.
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Nippon Steel plans to acquire US Steel: "Majority of directors to be US nationals"
2024-09-04 11:06:00
Nippon Steel Corporation has announced the management structure it would adopt if it were to acquire U.S. Steel, a major American steel manufacturer, and revealed that the majority of its directors would be American nationals. This is likely an attempt to gain understanding amid a series of negative comments about the acquisition.
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Stock prices temporarily fall by more than 1,500 yen as cautious views of the US economy grow
2024-09-04 10:10:00
On the 4th, the Tokyo stock market saw a surge in sell orders immediately after trading began, following a drop in stock prices in the New York market due to cautious views on the future of the US economy, leading to a broad decline in prices, with the Nikkei average stock price falling by more than 1,500 yen at one point.
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Stock prices temporarily fall by more than 1,200 yen as cautious views of the US economy grow
2024-09-04 09:09:00
On the Tokyo Stock Exchange on the 4th, sell orders spread immediately after trading began, and the Nikkei average temporarily fell by more than 1,200 yen. A cautious view of the future of the American economy spread after an index showing business confidence in the manufacturing industry released in the United States on the 3rd fell short of market expectations. As a result, major stock indexes fell in unison on the New York market on the 3rd, and sell orders spread to many stocks in the Tokyo market as well.
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Some point to government policies as the cause of rice shortages, but Agriculture Minister says "policies will continue"
2024-09-04 07:34:00
As rice becomes scarce at supermarkets and other places, some point out that the reason behind this is the government's policy of encouraging farmers to switch to other crops. In response to this, Minister of Agriculture, Forestry and Fisheries Sakamoto stated at a press conference on the 3rd that he intends to continue with the current policy, stating that the demand for rice is on a downward trend in the long term.
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About 30% of vegetables are imported for commercial use; move to procure domestically in light of risks
2024-09-04 06:51:00
With regard to vegetables for commercial use, which account for approximately 30% of imports, some processing companies are moving to increase their procurement of domestically produced vegetables, in light of the risks involved in procuring them from overseas.
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The New York Dow Jones Industrial Average fell sharply by more than $780 at one point.
2024-09-04 06:31:00
On the 3rd, the New York stock market saw a resurgence of cautious views about the future of the US economy, and the Dow Jones Industrial Average fell sharply by more than $780 at one point.
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