Economic news(2024/10/03)
Stock prices rise by more than 1,000 yen temporarily due to the weakening of the yen and the strengthening of the dollar
2024-10-03 23:18:00
On the 3rd, the Tokyo stock market saw the Nikkei average rise by more than 1,000 yen at one point, as expectations that the Bank of Japan would implement additional interest rate hikes soon faded and the yen weakened against the dollar in the foreign exchange market.
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Seven & i Holdings considers selling part of its Seven Bank shares
2024-10-03 21:21:00
It has been revealed that Seven & i Holdings, a major retailer, is considering selling a portion of its shares in its subsidiary Seven Bank. With a takeover proposal from a major Canadian convenience store chain, the company is likely aiming to increase its corporate value by focusing on its core convenience store business.
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Lapidus to open R&D center for "post-processing" in Chitose, Hokkaido
2024-10-03 21:10:00
Lapidus, which aims to domestically produce cutting-edge semiconductors, will open a research and development center for "back-end processes" such as semiconductor assembly in Chitose, Hokkaido, aiming to start operations in April of the year after next. A groundbreaking ceremony was held on the 3rd.
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Finance Minister and Economic Revitalization Minister meet with Bank of Japan Governor to confirm policy of close cooperation
2024-10-03 20:50:00
Finance Minister Katsunobu Kato and Minister for Economic Revitalization Akazawa met with Bank of Japan Governor Ueda and confirmed the government and the Bank of Japan's intention to work closely together.
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Prime Minister Ishiba calls on foreign investors to invest at asset management forum
2024-10-03 19:45:00
A forum was held in Tokyo inviting overseas investors and others to disseminate information about efforts in Japan's financial markets. In a video message, Prime Minister Ishiba called for investment, saying that he aims to develop policies to make the country based on asset management and to link the flow of investment funds to the country's economic growth and returns to households.
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Japan Airlines and Garuda Indonesia announce joint venture
2024-10-03 19:06:00
Japan Airlines has officially announced that it will begin a joint venture with Indonesia's largest airline, Garuda Indonesia, around April next year in order to strengthen its Asian routes.
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The yen temporarily reached the 147 yen range per dollar.
2024-10-03 19:05:00
On the 3rd in the Tokyo foreign exchange market, the yen temporarily weakened to the 147 yen range against the dollar as expectations of the Bank of Japan raising interest rates further soon faded.
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Bank of Japan Board member Noguchi: "Future interest rate hikes should be carefully considered"
2024-10-03 17:43:00
On the 3rd, Noguchi Asahi, a member of the Bank of Japan's monetary policy decision-making committee, gave a speech in Nagasaki, expressing his opinion that future interest rate hikes should be carefully considered, as it will take some time for consumer awareness of prices to approach the Bank of Japan's target.
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Chairman of the Japan Chamber of Commerce and Industry: "We must determine whether local businesses can afford the minimum wage hike"
2024-10-03 16:57:00
Regarding Prime Minister Ishiba's goal of raising the national average minimum wage to 1,500 yen in the 2020s, Chairman Kobayashi of the Japan Chamber of Commerce and Industry gave a certain level of evaluation to the plan, and called for the plan to be moved forward while determining whether small and medium-sized enterprises in rural areas can pay the minimum wage.
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Masayoshi Son, CEO: "AI will evolve to a stage where it will work in harmony with humans within 10 years"
2024-10-03 14:23:00
SoftBank Group CEO Masayoshi Son has stated his view that AI, or artificial intelligence, which the group sees as a pillar of its business, will not only surpass human intelligence within the next 10 years, but will also progress to a stage where it can understand emotions and live in harmony with humans.
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Bank of Japan Board member Noguchi: "Future interest rate hikes should be carefully considered"
2024-10-03 13:35:00
On the 3rd, Noguchi Asahi, a member of the Bank of Japan's monetary policy decision-making committee, gave a speech in Nagasaki, expressing his opinion that future interest rate hikes should be carefully considered, as it will take some time for consumer awareness of prices to approach the Bank of Japan's target.
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The yen fell to the 147 yen range at one point as expectations of an early interest rate hike faded.
2024-10-03 12:01:00
On the 3rd, the Tokyo foreign exchange market saw a growing trend to sell yen and buy dollars as expectations of the Bank of Japan raising interest rates further soon faded, and the yen temporarily fell by more than 3 yen from the 2nd, to the 147 yen range per dollar for the first time in a month.
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Stock prices temporarily rise by more than 1,000 yen, almost all stocks rise due to the weakening of the yen and the strengthening of the dollar
2024-10-03 12:00:00
On the 3rd, the Tokyo stock market saw almost across the board increases in the morning, as expectations that the Bank of Japan would implement additional interest rate hikes soon faded and the yen weakened against the dollar in the foreign exchange market. The Nikkei average rose by more than 1,000 yen at one point.
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The yen fell to the 147 yen range at one point as expectations of an early interest rate hike faded.
2024-10-03 10:53:00
On the 3rd, the Tokyo foreign exchange market saw a growing trend to sell yen and buy dollars as expectations of the Bank of Japan raising interest rates further soon faded, and the yen temporarily fell by more than 3 yen from the 2nd, to the 147 yen range per dollar for the first time in a month.
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Stock prices temporarily rise by more than 1,000 yen, with buying orders focused on export-related stocks
2024-10-03 10:15:00
On the 3rd, the Tokyo stock market saw a surge in buying orders, especially for export-related stocks, as the yen weakened and the dollar strengthened in the foreign exchange market due to a decline in expectations that the Bank of Japan would implement additional interest rate hikes soon, and the Nikkei average temporarily rose by more than 1,000 yen.
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Stock prices rise by more than 1,000 yen, with buy orders focused on export-related stocks
2024-10-03 09:07:00
On the 3rd, the Tokyo stock market saw a surge in buy orders, especially for export-related stocks, immediately after trading began due to the yen's depreciation against the dollar in the foreign exchange market, and the Nikkei average rose by more than 1,000 yen.
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The yen weakened to the mid-146 yen range against the dollar in the New York market.
2024-10-03 06:22:00
On the 2nd, in the New York foreign exchange market, there was a trend to sell yen and buy dollars due to speculation that the Bank of Japan might find it difficult to proceed with further interest rate hikes following Prime Minister Ishiba's comments, and the yen temporarily weakened against the dollar, reaching the mid-146 yen range.
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Gold smuggling on the rise: Number of cases 1.8 times higher than same period last year, amount seized more than eight times higher
2024-10-03 06:20:00
As gold prices remain high, smuggling of gold bullion uncovered by customs offices nationwide in the first half of this year has increased. The number of cases is 1.8 times higher than the same period last year, and the amount seized is more than eight times higher.
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