2024-09-27 23:30:00
The U.S. August PCE (personal consumption expenditures) price index rose 2.2% compared to the same month last year. The rate of increase was 0.3 percentage points lower than the previous month, reaching the lowest level in three and a half years, indicating that the inflation rate continues to decline.
2024-09-27 21:16:00
The East Japan Railway Company (JR East) subsidiary, Japan Transport Engineering Company, announced that it had engaged in unconventional pressure testing to attach axles to wheels commissioned by railroad companies, and had falsified the data. In response, the Ministry of Land, Infrastructure, Transport and Tourism is planning to conduct a special safety audit.
2024-09-27 20:12:00
NTT East has announced that it will raise prices for some of its fiber optic internet service "Flets Hikari" for the first time in April next year due to rising material and labor costs.
2024-09-27 20:09:00
Reactions from overseas and Japanese business circles to the election of Shigeru Ishiba as the new president of the Liberal Democratic Party.
2024-09-27 20:08:00
As the LDP presidential election was taking place, the yen fluctuated wildly in the foreign exchange market on the 27th. With Ishiba, who had expressed concern about rising prices, being elected as the new governor, investors became aware of the possibility of the Bank of Japan raising interest rates, and the yen strengthened to the upper 142 yen range against the dollar, and is currently trading at around 143 yen against the dollar in the London market.
2024-09-27 19:13:00
Reactions from overseas and Japanese business circles to the election of Shigeru Ishiba as the new president of the Liberal Democratic Party.
2024-09-27 19:03:00
SBI Holdings, a major online financial company, has announced that it will dissolve its joint venture with PSMC, a Taiwanese semiconductor giant that had planned to build a semiconductor factory in Miyagi Prefecture. The plan to build factories and data centers in Miyagi Prefecture will remain in place, and the company is expected to seek new partners.
2024-09-27 18:35:00
On the 27th, Kawasaki Heavy Industries submitted the results of an internal investigation into the falsification of fuel efficiency data for marine engines to the Ministry of Land, Infrastructure, Transport and Tourism. The company said that the fraud was motivated by a desire to prioritize delivery dates and profits over quality.
2024-09-27 18:31:00
On the 27th, as voting progressed in the LDP presidential election, the yen weakened to the 146 yen range against the dollar in the Tokyo foreign exchange market. However, once Mr. Ishiba was selected as the new president, the yen suddenly strengthened, reversing previous trends and resulting in volatile price movements.
2024-09-27 18:28:00
For the first time in 17 years, Japan has emerged from a historically ultra-low interest rate environment and entered an "economy with interest rates." Looking at the Bank of Japan's Tankan, one of the country's representative economic statistics, we can see that the movement of a certain index has changed significantly. Is this change positive or negative for the economy? We will keep an eye on the movements of companies and financial institutions behind the change. (Economics Department: Mineta Tomoyuki, Sasaki Yusuke / Nagano Bureau: Shinoda Yuki, Hiraoka Chisa)
2024-09-27 18:00:00
The results of the inspection of this year's new rice harvested by the end of August were announced on the 27th, and the percentage of "first-grade rice," the highest rating, was just over 63%, lower than the same period last year. The Ministry of Agriculture, Forestry and Fisheries says that high temperatures and damage caused by stink bugs are the factors behind this.
2024-09-27 17:59:00
On the 27th, Kawasaki Heavy Industries submitted the results of an internal investigation into the falsification of fuel efficiency data for marine engines to the Ministry of Land, Infrastructure, Transport and Tourism. The company said that the fraud was motivated by a desire to prioritize delivery dates and profits over quality.
2024-09-27 17:06:00
Japan Post Group announced that it had been misusing Japan Post Bank customer information at post offices to attract customers to events aimed at soliciting insurance without obtaining prior consent from the customers. Japan Post President Hiroya Masuda apologized at a press conference for violating the law and indicated that they would put together measures to prevent recurrence by early October.
2024-09-27 16:55:00
On the 27th, Kawasaki Heavy Industries submitted the results of an internal investigation into the falsification of fuel efficiency data for marine engines to the Ministry of Land, Infrastructure, Transport and Tourism. The company said that the fraud was motivated by a desire to prioritize delivery dates and profits over quality.
2024-09-27 16:37:00
The electricity bills of the 10 major electric power companies due to be billed in November this year will increase by around 300 to 400 yen for all companies due to a reduction in government subsidies.
2024-09-27 16:25:00
On the Tokyo foreign exchange market on the 27th, the yen strengthened rapidly following the results of the LDP presidential election. The yen weakened temporarily when Takaichi, who had been cautious about the Bank of Japan's interest rate hikes, advanced to the runoff election along with Ishiba, but once Ishiba was elected as the new president, the yen's exchange rate reversed course and strengthened sharply.
2024-09-27 16:15:00
The Tokyo foreign exchange market on the 27th saw a sudden appreciation of the yen in the wake of the LDP presidential election. Takaichi, who had been cautious about the Bank of Japan's interest rate hikes, advanced to the runoff election along with Ishiba, which led to a temporary weakening of the yen, but after Ishiba was elected as the new president, the yen reversed course and strengthened. The yen strengthened by about 3 yen to the dollar, from the mid-146 yen range to the mid-143 yen range. Yen-buying has continued since then, and the yen strengthened to the high 142 yen range at one point.
2024-09-27 16:00:00
An extraordinary general shareholders' meeting for Miyagi and Yamagata-based financial group Jimoto Holdings, which is currently undergoing business restructuring under the effective control of the government, was held in Sendai on the 27th, and approval was given to changes to the company's articles of incorporation to postpone the repayment deadline for public funds to 13 years, as well as personnel changes to revamp the management team.
2024-09-27 15:46:00
On the Tokyo Stock Exchange on the 27th, after the LDP presidential election was announced and a runoff election between Minister of Economic Security Takaichi and former Secretary-General Ishiba was held, the Nikkei average rose by more than 900 yen from the 26th due to the weakening of the yen in the foreign exchange market.
2024-09-27 15:36:00
The Japan Post Group announced that some post offices had been misusing Japan Post Bank customer information for purposes such as advertising events aimed at soliciting insurance without prior consent from the customers. The company said it "deeply apologizes" for violating the law and will swiftly formulate measures to prevent recurrence.
2024-09-27 15:18:00
In response to the issue of the Norinchukin Bank failing to manage foreign bonds and now suffering huge unrealized losses, a national panel of experts began a meeting on the 27th to examine the cause.
2024-09-27 15:10:00
The number of cars sold in China by major Japanese automakers in August was lower than the same month last year for all five companies that sell locally. The intensifying price competition for EVs (electric vehicles) has also affected sales of Japanese cars.
2024-09-27 15:08:00
On the 27th, the Tokyo Stock Exchange saw the Nikkei Stock Average rise by over 900 yen from the 26th due to the yen's weakening in the foreign exchange market. The Nikkei Stock Average closed at 39,829.56 yen, 903.93 yen higher than the 26th. In the afternoon of the 27th, the Tokyo Stock Exchange saw the yen weaken in the foreign exchange market after the runoff election between Minister of Economic Security Takaichi and former Secretary-General Ishiba in the LDP presidential election, leading to buy orders for semiconductors and export-related stocks, and the stock price rose by over 900 yen from the 26th.
2024-09-27 14:14:00
On the 27th, the Nikkei Stock Average on the Tokyo Stock Exchange temporarily rose by more than 500 yen compared to the closing price on the 26th. Due to the rise in major US stock indexes on the New York Stock Exchange on the 26th and the weakening of the yen on the foreign exchange market, there were buy orders for semiconductors and export-related stocks on the Tokyo Market.
2024-09-27 13:51:00
In response to a series of problems in the non-life insurance industry, including fraudulent insurance claims, the Financial Services Agency has launched a new working group to consider concrete measures to ensure the reliability of the industry. The working group will discuss the nature of insurance agencies, which have been identified as problematic, and will consider amending the law.
2024-09-27 13:01:00
Regarding Japan Post's use of Japan Post Bank customer information for insurance solicitation and other purposes without prior consent from the customers, Minister of Internal Affairs and Communications Matsumoto stated at a press conference after the Cabinet meeting on the 27th that he "regrets" this and indicated his intention to monitor the implementation of measures to prevent recurrence.
2024-09-27 12:27:00
Regarding the recommendation by the Securities and Exchange Surveillance Commission to the Financial Services Agency to impose administrative penalties on Nomura Securities, the largest securities firm in Japan, for fraudulently manipulating prices in Japanese government bond futures trading, Financial Services Minister Suzuki stated at a press conference after the Cabinet meeting on the 27th that he found the matter "extremely regrettable" and indicated his intention to deal with the matter appropriately in accordance with the law.
2024-09-27 12:01:00
In response to the issue of the Norinchukin Bank failing to manage foreign bonds and now suffering huge unrealized losses, a national panel of experts began a meeting on the 27th to examine the cause.
2024-09-27 10:45:00
The September Consumer Price Index for Tokyo's 23 wards, excluding fresh food, which is subject to large fluctuations due to weather, was 2.0% higher than the same month last year in the preliminary figures. The rate of increase slowed for the first time in five months as the government resumed subsidies for electricity and gas charges.
2024-09-27 09:06:00
The September Consumer Price Index for Tokyo's 23 wards was a preliminary figure, excluding fresh food, which is subject to large fluctuations due to weather, and was up 2.0% from the same month last year. Although the rate of increase decreased by 0.4 percentage points from 2.4% in August, it has remained in the 2% range for four consecutive months.
2024-09-27 07:05:00
On the 26th, the New York stock market saw buying orders prevail due to the view that the US economy was solid, and the S&P 500 stock index, which is calculated based on the stock prices of 500 major companies, hit a new record high.
