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

Economic news(2024/09/11)


Kyoto   Hakone

U.S. Consumer Price Index in August increased 2.5% year-on-year

2024-09-11 23:51:00
The US Consumer Price Index for last month was released, showing a 2.5% increase compared to the same month last year. This is the fifth consecutive month that the rate of increase has fallen below the previous month, and the market is almost certain that the Federal Reserve will cut interest rates for the first time in four and a half years at its meeting next week.

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U.S. Consumer Price Index in August increased 2.5% year-on-year

2024-09-11 21:39:00
The US Consumer Price Index for August was announced, showing a 2.5% increase compared to the same month last year. The increase rate has fallen below the previous month for five consecutive months, and is at its lowest level since February 2021. The downward trend in the inflation rate continues, and the market is almost certain that the Federal Reserve Board will lower interest rates for the first time in four and a half years at its meeting next week to decide monetary policy.

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Nippon Steel executives to meet with U.S. government officials to seek approval for U.S. Steel acquisition

2024-09-11 21:01:00
Amid speculation that President Biden will block Nippon Steel's plan to acquire U.S. Steel, a major American steel manufacturer, Nippon Steel executives are expected to meet with senior U.S. government officials to seek approval for the acquisition.

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What were the economic policy statements made in the LDP presidential election?

2024-09-11 20:43:00
In preparation for the debate following the announcement of the LDP presidential election on September 12, candidates are making intensive efforts to expand their support, with one candidate after another announcing policies. We have compiled statements and arguments made so far focusing on economic policy, one of the key issues at stake.

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Government cuts imported wheat selling price for third consecutive quarter due to falling international prices

2024-09-11 18:19:00
The Ministry of Agriculture, Forestry and Fisheries has announced that the price at which the government sells imported wheat to flour millers and other businesses for the next six months will be reduced by 1.8% from the previous six months. This is mainly due to the fall in international wheat prices, and marks the third consecutive reduction.

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The yen temporarily rose to 140.70 yen per dollar, the lowest level since December last year.

2024-09-11 18:17:00
On the 11th, in the Tokyo foreign exchange market, the yen strengthened on the view that the Bank of Japan would consider further interest rate hikes, and at one point the yen rose to the 140.70 yen range per dollar.

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Bank of Japan's Nakagawa: "Evaluate the impact of market changes before deciding to raise interest rates"

2024-09-11 17:40:00
Junko Nakagawa, a member of the Bank of Japan's Board of Directors involved in deciding monetary policy, gave a speech in Akita City on the 11th, expressing her view that any further interest rate hikes in the future must be decided after evaluating the impact of changes in financial markets.

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"Expectations for growth in renewable energy sources such as offshore wind power" - Bank of Japan Council Member Nakagawa

2024-09-11 17:27:00
Junko Nakagawa, a member of the Bank of Japan's Board of Directors involved in deciding monetary policy, gave a speech in Akita City on the 11th, where she expressed hope for future growth, saying that there is a growing trend for companies to enter fields related to renewable energy, such as offshore wind power, in Akita Prefecture, which is beginning to create demand for infrastructure development.

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Stock prices temporarily fell by more than 900 yen due to the appreciation of the yen

2024-09-11 16:07:00
On the 11th, the Tokyo stock market saw the Nikkei average fall as sell orders were placed mainly on export-related stocks, following the strengthening of the yen in the foreign exchange market.

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The yen temporarily rose to 140.70 yen per dollar, the lowest level since December last year.

2024-09-11 15:03:00
On the 11th in the Tokyo foreign exchange market, the yen temporarily rose to the 140.70 yen range per dollar, the highest level since December of last year.

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Stock prices temporarily fell by more than 900 yen due to the rising yen

2024-09-11 14:36:00
On the Tokyo Stock Exchange on the 11th, the Nikkei Stock Average temporarily fell by more than 900 yen from the closing price on the 10th. In the foreign exchange market, the yen temporarily rose to the upper 140 yen range against the dollar for the first time in about eight months since January this year, and as a result, sell orders are being placed on a wide range of stocks, mainly export-related stocks such as automobiles.

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The yen continues to appreciate, rising to the 140 yen range per dollar

2024-09-11 13:37:00
On the 11th, the Tokyo foreign exchange market saw the yen strengthen against the dollar, with the yen rising to the 140 yen range per dollar.

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Stock prices temporarily fall by more than 600 yen due to the rising yen

2024-09-11 13:35:00
On the Tokyo Stock Exchange on the 11th, the Nikkei Stock Average temporarily fell by more than 600 yen compared to the closing price on the 10th. In the foreign exchange market, the yen temporarily rose to the upper 140 yen range against the dollar for the first time in about eight months since January this year, and as a result, sell orders are being placed on a wide range of stocks, mainly export-related stocks such as automobiles.

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The yen continues to appreciate, rising to the mid-141 yen range against the dollar

2024-09-11 12:22:00
On the 11th in the Tokyo foreign exchange market, the yen rose to the mid-141 yen range against the dollar, the highest level in about eight months since January of this year.

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Stock prices fall due to the appreciation of the yen

2024-09-11 12:16:00
On the 11th, the Nikkei average fell as sell orders were placed on a wide range of stocks, including export-related stocks, in response to the yen's strengthening on the Tokyo stock market and foreign exchange market.

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Yen appreciation continues, reaching 141 yen range

2024-09-11 11:41:00
On the 11th, the yen rose to the mid-141 yen range against the dollar on the Tokyo foreign exchange market. A market insider commented, "Bank of Japan policymaker Nakagawa said in a speech in Akita that 'if the Bank of Japan's economic and price outlook turns out to be realized, we will have to adjust the level of monetary easing,' which has accelerated yen buying as investors believe the Bank of Japan will consider further interest rate hikes."

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Recycling materials from scrapped cars increasingly used in new car parts

2024-09-11 04:21:00
In order to make effective use of resources, there is a growing trend to use recycled materials from scrapped cars as parts for new cars.

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European Court of Justice upholds decision to impose additional tax on Apple

2024-09-11 04:08:00
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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Government considers measures to support companies in entering into long-term purchase contracts for LNG fuel for thermal power generation

2024-09-11 03:38:00
As energy security becomes a global issue, the government believes that the importance of liquefied natural gas (LNG), which is used as fuel for thermal power generation, will remain unchanged for the time being and that a stable supply must be secured. As such, it has been learned that the government is considering support measures to make it easier for companies to enter into long-term purchase contracts.

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Kyoto   Mt.Fuji


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