2024-09-24 20:29:00
Nippon Steel Corporation announced that it will sell all of its shares in the holding company of POSCO, South Korea's largest steel manufacturer, with which it has an alliance. The aim of the sale is to improve asset efficiency, but the company says it will continue its business alliance.
2024-09-24 18:37:00
At a press conference on the 24th, in response to the incident in which a boy attending a Japanese school in China was attacked and killed on his way to school, Keidanren Chairman Tokura called on the Chinese government to take it as a national duty to create an environment in which foreigners can work with peace of mind.
2024-09-24 18:32:00
On the 24th, in the Tokyo foreign exchange market, the yen weakened to the 144 yen range against the dollar due to comments made by Bank of Japan Governor Ueda in a speech, which raised the view that the timing of an interest rate hike may be delayed.
2024-09-24 18:13:00
Bank of Japan Governor Ueda held a press conference after giving a speech in Osaka on the 24th, stating that he was concerned that trends in the US economy would affect the future of Japan's economy and prices, and reiterated that the bank would carefully evaluate the economic indicators released in the US before considering further interest rate hikes.
2024-09-24 16:39:00
Bank of Japan Governor Ueda attended a roundtable meeting with economic organizations in Osaka and held a press conference at 4:00 p.m.
2024-09-24 16:20:00
The company that sells the snack "Umaibo" has announced that due to rising raw material costs, it will raise the price of the snack by 3 yen to 15 yen per stick from October shipments. The number of food items that will be subject to price increases in October is expected to exceed 2,000, with price hikes for everyday products becoming more widespread.
2024-09-24 16:00:00
Governor Ueda of the Bank of Japan will attend a meeting with economic organizations in Osaka and hold a press conference at 4 p.m. The Bank of Japan decided to keep the policy interest rate unchanged at last week's monetary policy meeting, but attention is focused on how Governor Ueda will explain the outlook for future prices and the policy for raising interest rates.
2024-09-24 15:51:00
On the 24th, the Tokyo stock market saw a wide range of stocks being bought in the Japanese market due to expectations of an upcoming interest rate cut by the Federal Reserve Board, the US central bank, and the Nikkei average temporarily rose by more than 700 yen.
2024-09-24 15:20:00
In a speech in Osaka on the 24th, Bank of Japan Governor Ueda stated that it would be appropriate to raise interest rates as a matter of future monetary policy, but stressed that the future of the U.S. economy is uncertain, and that the bank will carefully consider the timing of any rate hikes without setting a timetable in advance.
2024-09-24 13:27:00
Regarding the issue of The Norinchukin Bank incurring large unrealized losses due to its failed foreign bond investments, Agriculture, Forestry and Fisheries Minister Sakamoto officially announced the establishment of a panel of experts to examine the causes, and indicated his intention to identify issues with the investment and discuss expanding lending to the agriculture, forestry and fisheries industries.
2024-09-24 12:38:00
Regarding Japan Post's use of Japan Post Bank customer information for insurance solicitation and other purposes without obtaining prior consent, Minister of Finance Suzuki said it was "deeply regrettable" and indicated his intention to investigate the matter.
2024-09-24 12:18:00
On the 24th, the Tokyo stock market saw a rise in major stock indexes in the New York market on the 23rd due to expectations of future interest rate cuts by the Federal Reserve Board, and buy orders were placed for a wide range of stocks, with the Nikkei average temporarily rising by more than 700 yen.
2024-09-24 11:36:00
In preparation for its acquisition of U.S. Steel, a major American steel manufacturer, Nippon Steel has published a letter addressed to local employees, reiterating its commitment to protecting production and jobs, and calling on the executive branch of the labor union, which opposes the acquisition, to enter into negotiations.
2024-09-24 09:19:00
On the 24th, the Tokyo stock market saw the Nikkei average rise by more than 600 yen at one point, following the rise in major stock price indexes in the New York market on the 23rd due to expectations of future interest rate cuts by the Federal Reserve Board.
2024-09-24 05:03:00
As tougher exhaust gas regulations lead to an end to domestic production of mopeds, motorcycle manufacturers are focusing on developing and selling electric motorcycles.
2024-09-24 05:00:00
Forecasts by private research companies have been compiled for the Bank of Japan's Tankan (Short-term Economic Survey of Enterprises), which will be released on October 1st, and the economic assessment of large manufacturing companies is expected to remain almost unchanged compared to the previous survey. The focus is on how the yen's appreciation from its historically weak level and the slowdown in the Chinese economy are affecting the economic assessment.
