Economic news(2024/09/19)
Linear Chuo Shinkansen "Borehole survey helps to alleviate concerns" JR Central
2024-09-19 21:23:00
Regarding Shizuoka Prefecture's decision to approve a drilling survey to investigate the geology of the Linear Chuo Shinkansen, where construction has not yet begun in the prefecture, JR Central President Shunsuke Niwa said, "We are very grateful, and we believe this will help alleviate the concerns of local residents."
TOP
Japan Automobile Manufacturers Association conducts emergency inspection to confirm late payments to suppliers
2024-09-19 20:29:00
Following the issue of Nissan Motor receiving a recommendation for violating the Subcontract Act, the Japan Automobile Manufacturers Association revealed that as a result of emergency inspections, it had confirmed that other automakers were also late in making payments to their suppliers. However, as the purpose is to improve transactions, it said it would not disclose the specific names of companies or the number of cases.
TOP
US Fed decides to cut interest rates by 0.5%, first cut in 4.5 years
2024-09-19 18:49:00
The US Federal Reserve Board held a meeting to decide monetary policy and announced on the 18th that it had decided to cut interest rates by 0.5%. The rate cut was twice the usual amount, and the Fed decided to make a significant cut in light of the risk of a further slowdown in the labor market. This was the first rate cut in four and a half years, and marked a major turning point in the Fed's monetary policy.
TOP
The number of new condominiums on sale in the Tokyo metropolitan area is roughly half of the same month last year.
2024-09-19 18:36:00
The number of new condominiums released in the Tokyo metropolitan area last month was roughly half that of the same month last year, due to a shortage of workers on site and soaring prices.
TOP
The yen temporarily fell by more than 2 yen, as the yen weakened and the dollar strengthened
2024-09-19 18:18:00
On the 19th, the Tokyo foreign exchange market saw the yen weaken against the dollar, falling by more than 2 yen at one point compared to the 18th, due to the view that the pace of future interest rate cuts by the US Federal Reserve Board will be slower than expected.
TOP
General Insurance Association announces guidelines not to approve agency secondments for sales purposes
2024-09-19 18:16:00
Following a series of problems involving insurance agents in the non-life insurance industry, including the leaking of customer information, industry associations have issued new guidelines stating that secondments to agents for sales purposes will not be permitted.
TOP
Bank of Japan Monetary Policy Meeting to Discuss Economic and Price Conditions and Financial Market Trends
2024-09-19 18:08:00
The Bank of Japan has concluded the first day of discussions at its two-day monetary policy meeting, which runs until the 20th. With the United States taking the plunge in interest rates, the focus is on what decisions the Bank of Japan will make in light of the state of the economy, prices, and trends in financial markets.
TOP
Stock prices temporarily rise by over 1,000 yen; buy orders for a wide range of stocks
2024-09-19 15:52:00
On the 19th, the Tokyo stock market saw a rise in the Nikkei average by more than 1,000 yen at one point, as buy orders were placed on a wide range of stocks due to the view that a significant interest rate cut by the US central bank, the Federal Reserve Board, would support the US economy and the weakening of the yen.
TOP
US IT giant Meta announces partial restrictions on teen Instagram use
2024-09-19 14:34:00
Meta, a major American IT company, has announced that it will be restricting some of its Instagram account usage by teenagers in order to make social media safer.
TOP
Stock prices temporarily rise by more than 1,000 yen, with the view that the Fed's interest rate cut will support the US economy
2024-09-19 12:05:00
On the 19th, the Tokyo stock market saw a surge in buy orders due to the view that a significant interest rate cut by the US central bank, the Federal Reserve Board, would support the US economy, and the Nikkei average rose by more than 1,000 yen in the morning.
TOP
Financial assets held by individuals reach record high as stock and investment trust balances rise
2024-09-19 11:32:00
Financial assets such as deposits and stocks held by individuals reached a record high of approximately 2,212 trillion yen as of the end of June this year. The main reason for this is the increase in balances of stocks and investment trusts due to the expansion of NISA and other factors.
TOP
Stock prices temporarily rise by more than 900 yen FRB interest rate cut is seen as a support for the US economy
2024-09-19 10:53:00
On the 19th, the Tokyo stock market saw a rise in buy orders for a wide range of stocks, with the Nikkei average temporarily rising by more than 900 yen, following the view that the US central bank, the Federal Reserve, would support the US economy after making a significant interest rate cut.
TOP
Stock prices temporarily rise by more than 800 yen, with the view that the Fed's interest rate cut will support the US economy
2024-09-19 10:06:00
On the 19th, the Tokyo stock market saw a surge in buy orders due to the view that a significant interest rate cut by the US central bank, the Federal Reserve Board, would support the US economy, and the Nikkei average temporarily rose by more than 800 yen.
TOP
Nikkei average temporarily rises by more than 800 yen following Fed interest rate cut
2024-09-19 09:15:00
On the 19th, the Tokyo stock market saw a rise in the Nikkei average by more than 800 yen as buy orders were placed for a wide range of stocks in response to the view that the US central bank, the Federal Reserve Board, would bolster the US economy after it decided to implement a significant interest rate cut.
TOP
US Fed decides to cut interest rates by 0.5%, first cut in 4.5 years
2024-09-19 07:49:00
The US Federal Reserve Board held a meeting to decide monetary policy and announced on the 18th that it had decided to cut interest rates by 0.5%. The rate cut was twice the usual amount, and the Fed decided to make a significant cut in light of the risk of a further slowdown in the labor market. This was the first rate cut in four and a half years, and marked a major turning point in the Fed's monetary policy.
TOP
Bank of Japan to hold monetary policy meeting today, growing view that interest rates will remain unchanged
2024-09-19 06:33:00
Following the US Federal Reserve, the Bank of Japan will hold a meeting to decide on monetary policy from the 19th. Many within the Bank of Japan believe that the recent appreciation of the yen has reduced the risk of prices rising more than expected, and there is a growing view in the financial markets that the Bank of Japan will keep its policy interest rate unchanged at this meeting.
TOP
Life insurance companies to investigate whether sales commissions give priority to sales of their own products
2024-09-19 06:11:00
Amid a series of problems involving insurance agents, including the leaking of customer information, an industry association for life insurance companies has decided to investigate whether the sales commissions paid to agents are structured in a way that encourages them to prioritize the sale of only their own company's products.
TOP
NTT Group plans to enter power transmission and distribution business, centralized management using communications technology
2024-09-19 06:08:00
As the issue of properly controlling electricity generated from renewable energy sources within the power grid becomes an issue, the NTT Group has developed a system that utilizes communications technology to enable unified management within the power grid. They plan to conduct demonstration experiments soon, and if they receive government permission, they plan to enter the power transmission and distribution business as early as next year.
TOP