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2024-09-06 21:45:00
It has been revealed that Toyota Motor Corporation is expected to produce around 1 million EVs (electric vehicles) worldwide in 2026. Toyota has set a target of selling 1.5 million EVs in 2026, and the company plans to aim to achieve this target by including "plug-in hybrid vehicles," for which demand is expected to grow.
2024-09-06 21:39:00
The August employment statistics for the United States, which will affect the yen and stock prices, were released, and while the number of non-agricultural employees increased by 142,000 from July, this was below market expectations. Meanwhile, the unemployment rate fell 0.1 percentage point from the previous month to 4.2%, marking the first improvement in five months. In a speech on August 23, Federal Reserve Chairman Powell said, "The risk of a worsening employment situation has increased," and the market's reaction will be closely watched.
2024-09-06 20:07:00
The Fukuoka Prefectural Government has announced that Toyota Motor Corporation and Nissan Motor Corporation are planning to build a new factory in the prefecture to produce batteries for electric vehicles.
2024-09-06 19:28:00
On the 6th, Seven & i Holdings, a major retailer, announced that it had sent a letter to a major Canadian convenience store chain stating that the proposed takeover bid "significantly underestimates the value of our company." On the other hand, the Canadian company has repeatedly shown a positive attitude toward the takeover, so the focus going forward will be on how they respond.
2024-09-06 18:53:00
The nationwide rice shortage is also affecting the activities of food banks that provide food assistance to people in financial difficulty. An NPO in Ogaki City, Gifu Prefecture, is struggling to cope with the situation, having to reduce the amount of rice it distributes to households by more than half due to a decrease in rice donations.
2024-09-06 18:19:00
Nippon Life Insurance Co. announced that it had confirmed that the information of approximately 96,000 people had been leaked, including customer information of a competitor from an insurance agency in the group. Information leaks have been occurring not only in non-life insurance companies, but also in life insurance companies.
2024-09-06 18:17:00
On the 6th, in the Tokyo foreign exchange market, growing concerns about the future of the US economy led to a further increase in the trend of selling dollars and buying yen, and the yen rose to the 142 yen range per dollar.
2024-09-06 18:06:00
Skylark Holdings, a major restaurant chain, has announced that it will acquire shares in a company that operates Japanese restaurants under the brand name "Suisan Udon," mainly in Kyushu, and make it a wholly owned subsidiary.
2024-09-06 17:52:00
Financial markets remain unstable even now, with the Nikkei average stock price dropping by more than 1,800 yen at one point this month. Amid this, investors are beginning to explore when the Bank of Japan will raise interest rates next. Has the market turmoil made the Bank of Japan "dovish" (reluctant to raise interest rates)? Based on August comments by the governor and deputy governor, and analysis by Bank of Japan watchers, we can see when that will happen... (Economics reporter Enoshima Airi)
2024-09-06 17:34:00
Sharp, a major electronics manufacturer, has announced that it will embark on the development and sales of electric vehicles (EVs). The company plans to work with its parent company, Taiwan's Hon Hai Precision Industry Co., Ltd., to develop the vehicles and begin selling them within the next few years.
2024-09-06 17:05:00
In the six months up to June this year, customs offices across the country stopped more than 18,000 imports of counterfeit brand-name goods, the highest number yet for this period.
2024-09-06 16:46:00
The Cabinet Office announced that the July economic activity index, which indicates the current state of the economy, was 117.1, up 3 points from the previous month, with 2020 as the base year and 100. This is the first increase in the index in two months.
2024-09-06 13:24:00
The Ministry of Economy, Trade and Industry has announced that it will provide subsidies totaling up to 340 billion yen to automakers and other companies planning to produce storage batteries for electric vehicles (EVs). The total investment by each manufacturer is estimated at around 1 trillion yen, with the aim of strengthening domestic production of storage batteries through public-private cooperation.
2024-09-06 13:10:00
Prime Minister Kishida instructed relevant cabinet ministers to proceed with the government's request to prepare evacuation routes in the event of a serious accident at the nuclear power plant, as part of a plan to restart Tokyo Electric Power Company's Kashiwazaki-Kariwa Nuclear Power Plant in Niigata Prefecture.
2024-09-06 12:39:00
Regarding Nippon Steel's plan to acquire U.S. Steel, a major American steel manufacturer, Reuters reported that a U.S. government committee has sent a letter to both companies stating that the acquisition could disrupt the supply of steel needed for infrastructure and other purposes, posing a risk to national security.
2024-09-06 11:39:00
The amount of money spent by households with two or more people in July this year increased by 0.1% in real terms, excluding price fluctuations, compared to the same month last year, marking the first increase in three months. Although spending on TV purchases and travel increased, consumers continue to be frugal due to high prices and other factors.
2024-09-06 10:51:00
On the 6th, Seven & i Holdings, a major retailer, announced that it had sent a letter to a major Canadian convenience store chain stating that the proposed takeover bid "significantly underestimates the value of our company." On the other hand, the Canadian company has repeatedly shown a positive attitude toward the takeover, so the focus going forward will be on how they respond.
2024-09-06 10:23:00
OPEC+, a group of major oil-producing countries including Saudi Arabia and Russia, has announced that it will postpone the expansion of crude oil supplies that was scheduled to take place from next month onwards. This is believed to be due to concerns over the recent downward trend in crude oil prices.
2024-09-06 09:28:00
On the 6th, Seven & i Holdings, a major retailer, announced that it had sent a letter to Couche-Tard, a major Canadian convenience store chain, stating that the proposed acquisition "significantly underestimates our value." Meanwhile, on the 5th, a Couche-Tard executive reiterated his positive stance toward the acquisition, saying in a telephone earnings conference, "We are confident that we will raise funds and complete this integration," so the focus going forward will be on how they respond to the letter from Seven & i.
2024-09-06 08:45:00
According to the July household survey released by the Ministry of Internal Affairs and Communications, the amount spent on consumption by households with two or more people increased by 0.1% in real terms, excluding price fluctuations, compared to the same month last year. This is the first increase in three months, and the average household consumption amounted to 290,931 yen.
2024-09-06 07:35:00
Regarding Nippon Steel's plan to acquire U.S. Steel, a major American steel manufacturer, Reuters reported that a U.S. government committee has sent a letter to both companies stating that the acquisition could disrupt the supply of steel needed for infrastructure and other purposes, posing a risk to national security.
2024-09-06 01:31:00
It has been learned that Seven & i Holdings, a major retailer, has compiled an opinion that it cannot accept the takeover proposal made by a major Canadian convenience store chain at this time because the acquisition price is too low. Seven & i is expected to convey this to the other party soon and decide whether to accept the proposal after receiving the response.
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