Economic news(2024/10/07)
The yen fell by nearly 2 yen on the back of the view that the US economy is doing well.
2024-10-07 18:20:00
On the 7th in the Tokyo foreign exchange market, the view that the US economy was doing well led to a rise in buying dollars and selling yen, causing the yen to fall by nearly 2 yen.
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Bank of Japan raises economic assessment for Hokuriku and Tokai regions, leaves assessment unchanged for remaining seven regions
2024-10-07 18:08:00
The Bank of Japan released its quarterly Regional Economic Report. It raised its economic assessment for two of the nine regions across the country, including Hokuriku, which was affected by the Noto Peninsula earthquake, and left the remaining seven regions unchanged, citing strong consumption due to rising wages.
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[Explanation] Why is the yen weakening again? What will happen next?
2024-10-07 16:48:00
At the beginning of last week, the yen was trading at around 142 yen to the dollar, but at the end of last week it temporarily dropped to the 149 yen range. The yen has weakened by around 7 yen in a week, and is now back to its weakest level in about a month and a half since mid-August. What happened? What will happen next? Oha Biz anchor Keiji Watanabe gives his explanation. (Broadcast on Ohayou Nippon on October 7th)
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August economic activity index: The "coincident index" showing the current state of the economy declines for the first time in two months
2024-10-07 15:38:00
The Cabinet Office announced that the coincident index, which indicates the current state of the economy, for August was 113.5, down 3.7 points from the previous month, with 2020 as the base year and 100.
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Stock prices rise by more than 900 yen at one point. The view that the US economy is strong spreads.
2024-10-07 15:22:00
On the Tokyo Stock Exchange on the 7th, the start of the week, the Nikkei average temporarily rose by more than 900 yen as the view that the US economy was doing well spread.
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Stock prices rise by more than 900 yen at one point. The view that the US economy is strong spreads.
2024-10-07 14:40:00
The Nikkei average rose by more than 900 yen at one point on the Tokyo Stock Exchange on the 7th, the start of the week. The September employment statistics for the United States, released on the 4th, were much higher than market expectations, leading to a widespread view that the US economy is doing well. In addition, the yen is weakening against the dollar in the foreign exchange market, leading to buy orders for a wide range of stocks, including export-related stocks.
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Nine major food manufacturers to discuss joint delivery due to labor shortage
2024-10-07 14:31:00
As the labor shortage in the logistics industry becomes more serious, nine major manufacturers of processed foods, dairy products, and other items have announced that they will begin discussions on new initiatives, such as relaxing the conditions for drivers to deliver goods and conducting joint deliveries.
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Stock prices rise by more than 800 yen at one point. The view that the US economy is strong spreads.
2024-10-07 12:08:00
On Monday the 7th, the Tokyo stock market saw the Nikkei average rise by more than 800 yen as the view that the US economy was strong spread.
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Stock prices rise by more than 800 yen at one point. The view that the US economy is strong spreads.
2024-10-07 09:16:00
The Nikkei average rose by more than 800 yen at one point on the Tokyo Stock Exchange on the 7th, the start of the week. On the 4th in the New York market, the results of last month's US employment statistics announced that day were much higher than market expectations, spreading the view that the US economy was strong, and all major stock indexes rose. In response to this, buying orders spread in the Tokyo market immediately after trading began.
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Investor Jim Rogers evaluates Japan as a "nation built on asset management" but points out issues
2024-10-07 06:56:00
Jim Rogers, a world-renowned investor, gave an interview to NHK and praised the government for promoting a shift from savings to investment with the goal of making Japan a nation based on asset management. However, he pointed out that the declining population and rising debt balance are serious issues and that these need to be addressed immediately.
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Construction of logistics facilities continues, with some moving to use them as evacuation shelters for residents
2024-10-07 06:43:00
The expansion of online shopping has led to the construction of logistics facilities in various regions. Taking advantage of the size of these buildings, there is a growing trend to use them as evacuation sites for local residents.
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Tokyo Stock Exchange to extend closing time from November 5th, encouraging companies to bring forward financial results announcements
2024-10-07 03:36:00
The Tokyo Stock Exchange will extend the closing time of trading by 30 minutes from the 5th of next month. In line with this, the exchange is asking listed companies to be flexible in their response, such as by announcing financial results even a little earlier, as most of the time is now after the close of trading.
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