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

Economic news(2024/10/10)


Kyoto   Hakone

U.S. Consumer Price Index growth rate shrinks for sixth consecutive month as inflation slows

2024-10-10 23:23:00
The US Consumer Price Index for September was announced, showing a 2.4% increase compared to the same month last year. This marks the sixth consecutive month that the rate of increase has fallen below the previous month, and inflation continues to slow.

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U.S. Consumer Price Index rises 2.4% year-on-year, but rate of increase declines for sixth consecutive month

2024-10-10 22:02:00
The US Consumer Price Index for September was announced, showing a 2.4% increase compared to the same month last year. This is the sixth consecutive month that the rate of increase has been lower than the previous month, and is at its lowest level since February 2021. In the US, the inflation rate continues to decline, and the market is paying attention to the pace at which the Federal Reserve will continue to lower interest rates.

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Seven & i Holdings announces group restructuring plan, acquisition proposal to be considered by special committee

2024-10-10 20:31:00
Seven & i Holdings announced a group restructuring plan to concentrate management resources on its core convenience store business. President Ryuichi Isaka said at a press conference that he plans to hold a special committee of outside directors to discuss a new acquisition proposal worth 7 trillion yen from a major Canadian convenience store chain.

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Bank of Japan Deputy Governor: "Timing for interest rate hike has not been decided yet"

2024-10-10 19:32:00
In a speech in Tokyo on the 10th, Bank of Japan Deputy Governor Himino stated regarding the timing of future interest rate hikes that "the course has not been decided from the beginning," emphasizing that the bank will continue to carefully consider the matter while carefully examining domestic and international economic indicators.

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Seven & i Holdings announces group restructuring plan, acquisition proposal to be considered by special committee

2024-10-10 19:32:00
Seven & i Holdings announced a group restructuring plan to concentrate management resources on its core convenience store business. President Ryuichi Isaka said at a press conference that a special committee made up of outside directors will consider a new acquisition proposal worth 7 trillion yen from a major Canadian convenience store chain.

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Fast Retailing, which operates Uniqlo, surpasses 3 trillion yen in sales for the first time

2024-10-10 19:22:00
Fast Retailing, which operates Uniqlo, saw its sales exceed 3 trillion yen for the first time in the company's financial year ending in August this year, thanks to strong performance in its overseas business and other areas.

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Seven & i Group announces restructuring plan aimed at increasing corporate value

2024-10-10 19:04:00
The major retailer Seven & i Holdings has announced a group restructuring plan centered on the establishment of an intermediate holding company to consolidate its supermarket and specialty stores in order to concentrate management resources on its core convenience store business. With the company having received a new takeover proposal worth 7 trillion yen from a major Canadian convenience store chain, the plan aims to increase the company's value by streamlining management.

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The yen has fallen slightly, as the Fed is likely in no hurry to cut interest rates.

2024-10-10 18:35:00
On the Tokyo foreign exchange market on the 10th, the yen fell slightly as investors bought dollars and sold yen on the view that the US Federal Reserve Board would not rush to cut interest rates given the solid employment situation.

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85.6% of people expect prices to rise one year from now: Bank of Japan survey

2024-10-10 18:27:00
In a survey on personal lifestyles conducted by the Bank of Japan, when people were asked about prices one year from now, the percentage of people who answered that prices will be higher than they are now was over 85%, down just over one percentage point from the previous survey conducted three months ago.

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Seven & i Group announces restructuring plan aimed at increasing corporate value

2024-10-10 17:25:00
The major retailer Seven & i Holdings has announced a group restructuring plan centered on the establishment of an intermediate holding company to consolidate its supermarket and specialty stores in order to concentrate management resources on its core convenience store business. With the company having received a new takeover proposal worth 7 trillion yen from a major Canadian convenience store chain, the plan aims to increase the company's value by streamlining management.

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Seven & i Group announces restructuring plan aimed at increasing corporate value

2024-10-10 16:49:00
On the 11th, Seven & i Holdings, a major retailer, announced that it would establish an intermediate holding company to consolidate its supermarkets, specialty stores, and other businesses in order to focus management resources on its core convenience store business. The intermediate holding company will be called York Holdings, and in addition to its original business, Ito-Yokado, it will also have general goods store Loft and baby goods store Akachan Honpo under its umbrella. As it has become clear that the company has received a new takeover proposal worth 7 trillion yen from a major Canadian convenience store chain, the aim is to focus management resources on its core convenience store business, improve management efficiency, and increase corporate value.

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Stock prices rise as yen weakens somewhat, leading to buy orders for export-related stocks

2024-10-10 15:42:00
On the 10th, the Nikkei average rose on the Tokyo stock market as buying orders were placed on export-related stocks due to the yen's slight depreciation on the foreign exchange market.

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Seven & i Group announces restructuring plan aimed at increasing corporate value

2024-10-10 15:40:00
On the 11th, Seven & i Holdings, a major retailer, announced that it would establish an intermediate holding company to consolidate its supermarkets, specialty stores, and other businesses in order to focus management resources on its core convenience store business. The intermediate holding company will be called York Holdings, and in addition to its original business, Ito-Yokado, it will also have general goods store Loft and baby goods store Akachan Honpo under its umbrella. As it has become clear that it has received a new takeover proposal worth 7 trillion yen from a major Canadian convenience store chain, the aim is to focus management resources on its core convenience store business, improve management efficiency, and increase its corporate value.

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Amazon unveils new AI-equipped delivery vehicles to boost efficiency

2024-10-10 14:09:00
American IT giant Amazon has unveiled a state-of-the-art delivery vehicle that uses artificial intelligence (AI) to instantly identify packages that need to be delivered. As demand for online shopping increases, the company aims to reduce the burden on employees and improve efficiency.

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[Commentary] Nippon Steel's acquisition of US Steel at the mercy of the US presidential election

2024-10-10 12:47:00
Harris and Trump are in fierce competition in the US presidential election. Unusually, they are both in unison in their opposition to the planned acquisition of US Steel by a Japanese company. As a steel manufacturer once said to be a "symbol of American strength," Japanese companies are being forced into an unexpected struggle as motives surrounding the presidential election intersect. What will become of the acquisition plan? What will be the future activities of Japanese companies in America? Commentator Iida Kaori, who has covered the US economy for many years, provides a detailed explanation. *Information as of October 10th. (Video: 11 minutes 27 seconds)

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September Corporate Price Index increased 2.8% year-on-year, growth rate expanded from the previous month

2024-10-10 12:28:00
The Corporate Price Index for September, which indicates the prices of goods traded between companies, rose 2.8% compared to the same month last year, due in part to rising prices of rice and eggs.

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Stock prices rise slightly as the Dow Jones Industrial Average hits a new record high in the New York market

2024-10-10 12:16:00
On the 10th, the Tokyo stock market saw the Nikkei average rise slightly as buying orders were placed following the Dow Jones Industrial Average hitting a new record high on the New York market on the 9th.

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September Corporate Price Index increased 2.8% year-on-year, growth rate expanded from the previous month

2024-10-10 09:07:00
The Corporate Price Index, which shows the prices of goods traded between companies, rose 2.8% in September compared to the same month last year, up from 2.6% in the previous month.

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New York market: Dow Jones Industrial Average and S&P 500 stock index hit new record highs

2024-10-10 06:31:00
On the 9th, the New York stock market saw a rise in buying orders due to confidence in the future of the US economy, and the Dow Jones Industrial Average hit a new record high.

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Seven & i to focus on convenience store business, aiming to increase corporate value

2024-10-10 05:14:00
The major retailer Seven & i Holdings is planning to separate its supermarket and restaurant businesses, including its original Ito-Yokado business, and focus its management resources on its core convenience store business. With a new takeover proposal from a major Canadian convenience store chain, the company aims to improve management efficiency and increase its corporate value, and is expected to announce this policy at its financial results conference scheduled for the 10th.

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Japan Post Bank customer information misused at post offices; system upgrades and other measures to prevent recurrence

2024-10-10 05:09:00
In response to the problem of post offices using Japan Post Bank customer information for insurance solicitation and other purposes without prior consent, the Japan Post Group has decided to take measures to prevent recurrence, such as revamping its system to prevent bank customer information from being searched for at post offices and conducting training on compliance with laws and regulations.

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Kyoto   Mt.Fuji


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