Economic news(2024/09/10)
Japan-China-Korea Tourism Ministerial Meeting begins for first time in five years to expand tourism exchanges
2024-09-10 22:48:00
A two-day meeting of tourism ministers from Japan, China, and South Korea began in Kobe on the 10th, and in individual meetings on the first day, the ministers agreed to cooperate to increase the number of tourists.
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European Court of Justice upholds decision to impose additional tax on Apple
2024-09-10 22:45:00
On the 10th, the European Court of Justice, the highest court in the European Union, ruled in favor of the European Commission's decision to require American IT giant Apple to levy additional taxes of over 2 trillion yen, claiming that tax breaks it had received from the Irish government constituted illegal subsidies.
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Japan recommends former Vice Minister of Finance for International Affairs Kanda as next ADB president, calling for "a firm vision"
2024-09-10 19:50:00
Former Vice-Minister of Finance for International Affairs Kanda, who has been recommended by the Japanese government as the next president of the Asian Development Bank (ADB), told reporters on the 10th, "I would like to present a clear vision that will gain the support of member countries."
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European Court of Justice upholds decision to impose additional tax on Apple
2024-09-10 18:51:00
On the 10th, the European Court of Justice, the highest court in the European Union, ruled in favor of the European Commission's decision to impose additional taxes of up to 13 billion euros, or more than 2 trillion yen, on American IT giant Apple, claiming that the tax benefits it had received from the Irish government constituted illegal subsidies. The first-instance court had ruled in 2020 that the EU's decision to impose additional taxes was invalid, but this ruling was overturned.
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JR East plans to start autonomous Shinkansen trains on some sections in fiscal 2028
2024-09-10 18:20:00
JR East has revealed plans to introduce autonomous Shinkansen trains with a driver on some sections of the Joetsu Shinkansen in fiscal 2028. Due to a shortage of drivers, the company aims to have unmanned trains by the mid-2030s.
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Yen exchange rate: Small fluctuations
2024-09-10 18:14:00
On the Tokyo foreign exchange market on the 10th, many investors were waiting to see the results of US economic indicators scheduled for the 11th Japan time, so active trading was refrained from and the yen only moved slightly.
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China's new car sales fall for third consecutive month in August due to sluggish domestic sales
2024-09-10 17:55:00
China's new car sales in August fell for the third consecutive month due to sluggish domestic sales. Although exports continue to expand, there are moves in Europe and the US to raise tariffs on Chinese-made electric vehicles, creating uncertainty about the future.
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Toho Gas files appeal over alleged 20 billion yen undeclared income
2024-09-10 17:49:00
It has been learned from an interview with a related party that Toho Gas, a major city gas company, was found to have failed to declare approximately 20 billion yen by the Nagoya Regional Taxation Bureau for making accounting treatments that were not legally permitted for profits generated from financial product transactions. In response to an interview with NHK, the company said, "There was a difference of opinion, and we have filed an appeal."
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Stock price: Small price movements
2024-09-10 15:53:00
On the 10th, the Tokyo Stock Exchange saw little movement in stock prices as active trading was refrained from ahead of the television debate between candidates for the US presidential election scheduled for the 11th (Japan time).
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To combat fraud, the "telephone number system" will be reviewed to prevent data being provided to fraudulent businesses
2024-09-10 10:11:00
Due to the continuing occurrence of fraudulent bank transfers and investment frauds, the Ministry of Internal Affairs and Communications has decided to review the system, including preventing telephone numbers from being provided to fraudulent telecommunications companies that are in cahoots with fraud groups.
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Private railway companies increasingly set policies to deal with customer harassment, including violent acts
2024-09-10 10:07:00
There is a growing movement among major private railway companies to establish policies for dealing with customer harassment, such as persistent complaints, also known as "customer harassment."
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Hawaiians operator Tokiwa Kosan to be acquired by US investment fund
2024-09-10 09:26:00
Tokiwa Kosan, the operator of the hot spring resort facility "Spa Resort Hawaiians" in Iwaki City, Fukushima Prefecture, is expected to be acquired by an American investment fund. The aim is to utilize the fund's management know-how and financial strength to attract more customers, with the intention of maintaining the facility's brand and employment. *When this article was published on the 9th, there was an error in the kanji for the company name in the title. We apologize for the mistake.
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Apple unveils latest smartphone equipped with generative AI, intensifying competition among IT giants
2024-09-10 06:31:00
American IT giant Apple has announced its latest smartphone equipped with generative AI functions. The trend of introducing generative AI into smartphones is accelerating among IT giants, and the competition to add new added value is intensifying.
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NY Dow rises by over $650, a big increase "Buying orders for 'undervalued' stocks"
2024-09-10 06:30:00
On the 9th, the New York stock market saw a widespread movement to buy back stocks that had been falling in price recently, and the Dow Jones Industrial Average rose sharply, at one point exceeding $650.
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