Economic news(2024/10/02)
Tohoku Economic Federation calls on Keidanren for cooperation in promoting semiconductor-related investment
2024-10-02 20:13:00
Representatives of the Japan Business Federation and the Tohoku region's business community met in Sendai and called for cooperation in promoting semiconductor-related investment amid growing unrest over a major Taiwanese semiconductor company's decision to withdraw from a semiconductor factory planned for construction in Miyagi Prefecture.
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Group established to prevent "dark patterns" in web and apps
2024-10-02 19:24:00
An organization made up of experts has been established to prevent damage caused by "dark patterns," which are used to trick consumers into making unfavorable decisions on websites and smartphone apps without their knowledge. In the future, the organization will warn businesses and consumers about the problem and set up a certification system for businesses.
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Yen rises as risk aversion continues amid concerns over escalating Middle East tensions
2024-10-02 18:33:00
On the 2nd, the Tokyo foreign exchange market saw the yen rise in value as investors sought to avoid risk amid concerns over worsening tensions in the Middle East.
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Bank of Japan Governor Ueda: "We will closely monitor overseas economies and financial markets while considering monetary policy"
2024-10-02 17:34:00
On the 2nd, Bank of Japan Governor Ueda spoke at a National Securities Conference, saying, "The outlook for overseas economies remains uncertain, and financial capital markets remain unstable," and indicated his intention to closely monitor the situation with a high level of vigilance and consider monetary policy.
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Agriculture Minister Osato to advance discussions on reviewing the new basic agricultural policy plan
2024-10-02 17:31:00
At his inauguration press conference on the 2nd, Agriculture, Forestry and Fisheries Minister Osato expressed his intention to advance discussions on reviewing policies regarding paddy fields used to produce rice and other staple foods, with a view to formulating a new basic agricultural policy plan.
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Minister of Economy, Trade and Industry Akazawa: "Maintain cooperation with the Bank of Japan, make careful decisions regarding interest rate hikes"
2024-10-02 16:58:00
At a press conference on the 2nd, Minister of Economic Revitalization Akazawa emphasized that the government and the Bank of Japan will maintain cooperation in order to escape from deflation, and expressed the view that future interest rate hikes should be carefully considered while monitoring the price and wage situation.
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Bandai announces voluntary recall of Anpanman toys due to risk of accidental ingestion
2024-10-02 15:31:00
Bandai has announced that it will voluntarily recall approximately 60,000 piano-shaped toys with figures of the popular character "Anpanman," due to the risk that the figures may come off when subjected to impact and be swallowed by children.
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Stock prices temporarily fall by more than 1,000 yen due to concerns over the worsening situation in the Middle East
2024-10-02 15:24:00
On the 2nd, the Tokyo stock market saw the Nikkei average temporarily fall by more than 1,000 yen due to concerns over worsening tensions in the Middle East.
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Stock prices temporarily fall by more than 1,000 yen due to concerns over the worsening situation in the Middle East
2024-10-02 15:06:00
On the 2nd, the Nikkei average on the Tokyo Stock Exchange temporarily fell by more than 1,000 yen. Investors are becoming more risk-averse due to concerns that the Iranian missile attack on Israel will intensify tensions in the Middle East, and the yen has strengthened against the dollar, leading to a rise in sell orders.
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Stock prices temporarily fall by more than 700 yen due to concerns over the worsening situation in the Middle East
2024-10-02 10:18:00
On the 2nd, the Nikkei average on the Tokyo Stock Exchange fell immediately after the start of trading, dropping by more than 700 yen at one point. Investors are becoming more risk-averse due to concerns that the Iranian missile attack on Israel will intensify tensions in the Middle East, and sell orders are spreading.
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Sales of government bonds to individuals increase by 20% over the same period last year on the back of rising interest rates
2024-10-02 07:40:00
Sales of government bonds to individuals have expanded against the backdrop of rising interest rates due to the Bank of Japan's shift in monetary policy, and as of September they were 20% higher than the same period last year. As the Bank of Japan reduces its purchases, the Ministry of Finance plans to continue appealing to individual investors, citing the need to secure a wide range of buyers.
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What is the focus of Prime Minister Ishiba's economic policy?
2024-10-02 06:38:00
Regarding economic policy, Prime Minister Ishiba has stated that he will continue with a "growth economy" driven by wage increases and investment, and aim to completely escape from deflation. The focus going forward will be on what specific policies he will introduce as part of the economic measures he has instructed to be considered.
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Sapporo "Drone Summit" to be held, introducing the latest drone usage methods
2024-10-02 05:55:00
The "Drone Summit," which introduces the latest ways to use drones, is being held in Sapporo.
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