This page is the news announced by NHK, a representative TV station in Japan.

Economic news(2024/10/04)


Kyoto   Hakone

EU decides to impose tariffs of up to 35.3% on EVs imported from China; negotiations continue

2024-10-04 22:46:00
The European Union has decided to impose tariffs on electric vehicles (EVs) imported from China up to a final maximum of 35.3%. The tariffs will be implemented within this month, but the EU plans to continue negotiations with China, and the focus is on whether additional tariffs will be imposed in retaliation.

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The yen weakened to the mid-148 yen range against the dollar due to the US employment report.

2024-10-04 21:45:00
On the 4th, in the New York foreign exchange market, the US employment statistics announced showed that the increase in employment far exceeded market expectations, leading to the widespread perception that the labor market was strong, and the awareness that the interest rate gap between Japan and the US would widen led to an acceleration in selling yen and buying dollars. Before the statistics were released, the yen was trading at the mid-146 yen range per dollar, but at one point, the yen weakened and the dollar strengthened to the mid-148 yen range per dollar.

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Heads of three economic organizations meet with Prime Minister Ishiba to request policies to stabilize wage increases

2024-10-04 20:35:00
On the 4th, the heads of three economic organizations, including the Japan Business Federation, met with Prime Minister Ishiba and requested policies to establish wage increases and cooperation between the public and private sectors to expand domestic investment.

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Oil prices rise after President Biden says "discussions underway to attack oil facilities"

2024-10-04 19:43:00
As Israel indicated it would take countermeasures against missile attacks from Iran, US President Biden, when asked if he supported attacks on Iranian oil production facilities, replied, "We are in discussions." The widespread understanding that oil production facilities could be targeted for attacks has temporarily led to the highest price of international crude oil futures in about a month.

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Economic group of Japanese companies in Taiwan calls for stronger cooperation in semiconductors, AI, etc.

2024-10-04 19:19:00
On the 4th, an economic organization made up of Japanese companies operating in Taiwan submitted a report to Taiwan's cabinet outlining recommendations to authorities, calling for further strengthening of cooperation between Japan and Taiwan in industries such as semiconductors and AI.

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Seven & i Holdings to adjust by selling some shares in Ito-Yokado and other subsidiaries

2024-10-04 19:14:00
It has been learned that Seven & i Holdings, a major retailer, is moving ahead with adjustments to sell some of its shares in its supermarket business, including Ito-Yokado, which continues to perform poorly. While it says it cannot accept a takeover proposal from a major Canadian convenience store chain, it appears that the aim is to focus on its core convenience store business and increase the company's value.

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Yen trades slightly higher as traders refrain from buying and selling ahead of U.S. employment data release

2024-10-04 18:25:00
On the Tokyo foreign exchange market on the 4th, active trading was refrained from ahead of the release of US employment statistics, which are attracting attention in the financial markets, on the evening of the 4th Japan time, and the yen saw little fluctuation in value.

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Angel or Devil? Algo Trading [Economics Column]

2024-10-04 17:55:00
Algorithmic trading is when advanced programs automatically buy and sell stocks and other assets according to set conditions. With the spread of AI, the types of algorithms are diversifying, and their users are expanding from professionals to individuals. With the financial market in a volatile state, will algorithmic trading be an angel or a devil? (Yokoyama Taichi, Economics Department Reporter)

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Oil prices rise after President Biden says "discussions underway to attack oil facilities"

2024-10-04 17:37:00
As Israel indicated it would take countermeasures against missile attacks from Iran, US President Biden, when asked if he supported attacks on Iranian oil production facilities, replied, "We are in discussions." The widespread understanding that oil production facilities could be targeted for attacks has temporarily led to the highest price of international crude oil futures in about a month.

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"Investment Day" Securities company president calls for new administration to implement policies to promote investment

2024-10-04 17:06:00
A securities industry group held an event to coincide with October 4th, which can be read as Investment Day because of the way the numbers sound. The presidents of participating securities companies expressed their hopes for the new administration to implement policies that will encourage the shift from savings to investment, in addition to expanding the NISA scheme that began this year.

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Stock prices move only slightly as many investors wait to see the US employment statistics

2024-10-04 16:21:00
On the 4th, the Tokyo stock market saw little movement in stock prices as many investors refrained from active trading in order to wait and see the results of the US employment statistics to be released on the evening of the 4th (Japan time).

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Stock price: Small price movements

2024-10-04 12:14:00
On the 4th, the Tokyo Stock Exchange saw buy orders for energy-related stocks in anticipation of rising crude oil prices due to the worsening situation in the Middle East, but there were also sell orders to secure profits, resulting in small fluctuations in stock prices.

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Oil prices rise after President Biden says "discussions underway to attack oil facilities"

2024-10-04 11:11:00
As Israel indicated it would take countermeasures against missile attacks from Iran, US President Biden, when asked if he supported attacks on Iranian oil production facilities, replied, "We are in discussions." The widespread understanding that oil production facilities could be targeted for attacks has temporarily led to the highest price of international crude oil futures in about a month.

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Tully's Coffee Japan: Personal information of over 90,000 people may be leaked

2024-10-04 00:10:00
Coffee chain Tully's Coffee Japan has announced that personal information of over 90,000 people may have been leaked due to unauthorized access to its online store.

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Ministry of Economy, Trade and Industry to consider support for bookstores facing declining sales nationwide

2024-10-04 00:01:00
As the number of bookstores nationwide declines due to the spread of online shopping and e-books, the Ministry of Economy, Trade and Industry has compiled a report on the management issues bookstores face. The report also states that online shopping essentially involves discounts through point redemptions, making the competitive conditions unequal, and that the ministry will consider how it can provide support to bookstores in the future.

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Kyoto   Mt.Fuji


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