Economic news(2024/10/11)
Chinese premier meets with EU president to express dissatisfaction over tariffs on Chinese-made EVs
2024-10-11 21:49:00
As the European Union is expected to impose additional tariffs on Chinese-made electric vehicles, Chinese Premier Li Qiang expressed his dissatisfaction during a meeting with EU leaders, saying, "We hope for objective and rational policies."
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Nomura Securities suspended from preferential treatment in government bond bidding by the Ministry of Finance due to government bond trading irregularities
2024-10-11 20:00:00
The Ministry of Finance has decided to suspend for one month the eligibility of Nomura Securities, Japan's largest securities firm, to participate in Japanese government bond bidding under favorable conditions, citing the company's alleged manipulation of prices in futures trading of Japanese government bonds.
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Redevelopment plan for Nakano Sun Plaza site to be reconsidered due to rising construction costs
2024-10-11 19:12:00
The Tokyo ward government has announced that it has withdrawn its application for approval to redevelop the site of Nakano Sun Plaza, a symbol of the ward, to build a skyscraper and other buildings, due to rising construction costs. The ward government plans to reconsider the plan after discussing with the developer.
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Yen rises slightly as Fed expects to continue cutting interest rates
2024-10-11 18:50:00
On the 11th, the Tokyo foreign exchange market saw a growing view that the US Federal Reserve would continue to cut interest rates, leading to a move to sell dollars and a slight rise in the yen.
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In the case of Nippon Steel's acquisition of US Steel, "US manufacturer shares will be transferred to joint venture partner"
2024-10-11 18:42:00
Nippon Steel Corporation has announced that if it were to acquire U.S. Steel, a major American steel manufacturer, it would transfer its shares in the American steel manufacturer to its joint venture partner in order to eliminate competition law concerns, making it easier to obtain regulatory approval for the acquisition plan.
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Rice harvest outlook is "slightly good"; attention focused on impact of continued high prices
2024-10-11 18:30:00
The Ministry of Agriculture, Forestry and Fisheries has forecast that this year's rice crop will be "slightly good" on average nationwide. The harvest volume of staple rice is also expected to increase from last year, so attention is focused on the impact on rice prices, which will continue to be high.
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Japan Post fraudulently lists customer information of approximately 1.55 million people
2024-10-11 17:26:00
Regarding the issue of Japan Post using Japan Post Bank customer information at post offices across the country for purposes such as insurance solicitation without prior consent, the Japan Post Group announced that after checking data history going back to 2014, it has been confirmed that the number of customers whose bank customer information was illegally searched and compiled into a list is estimated to be approximately 1.55 million.
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Stock prices rise as buying orders gather for major clothing companies
2024-10-11 16:57:00
On the 11th, the Tokyo stock market saw the Nikkei average rise as buying orders surged for shares of major clothing companies that announced strong financial results on the 10th.
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Japan Post fraudulently lists customer information of approximately 1.55 million people
2024-10-11 16:41:00
Regarding the issue of Japan Post using Japan Post Bank customer information at post offices across the country for purposes such as insurance solicitation without prior consent, the Japan Post Group announced that after checking data history going back to 2014, it has been confirmed that the number of customers whose bank customer information was illegally searched and compiled into a list is estimated to be approximately 1.55 million.
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Tesla unveils fully autonomous EV taxi, aiming for under 4.5 million yen
2024-10-11 16:40:00
Tesla, an American electric car manufacturer, has announced a prototype of a fully autonomous EV taxi without a steering wheel or pedals. The company aims to sell it for less than 4.5 million yen in Japanese yen, and attention is focused on whether autonomous driving technology will become more widespread.
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Yen fluctuations make it a "fragile" currency?! [New York Economics Column]
2024-10-11 16:01:00
The yen is fluctuating wildly. It has been moving like a rollercoaster, driven by the political situation in Japan and economic indicators in the US, and some in the market are saying that the yen is on the verge of weakening again to the 150 yen to the dollar range. Market participants on Wall Street have pointed out that the Japanese yen, which has been fluctuating in value, has become "fragile." What kind of currency is that tag-like currency that is attached to checked baggage at airports? (Arai Toshiki, US Bureau Reporter)
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South Korea's central bank cuts policy interest rate by 0.25%, first rate cut in 4 years and 5 months
2024-10-11 15:32:00
On the 11th, the Bank of Korea decided to lower the policy interest rate by 0.25%, citing a slowdown in inflation and a delayed recovery in domestic demand. This is the first interest rate cut by the Bank of Korea in four years and five months.
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Japan Post fraudulently lists customer information of approximately 1.55 million people
2024-10-11 15:19:00
Regarding the issue of Japan Post using Japan Post Bank customer information at post offices across the country for purposes such as insurance solicitation without prior consent, the Japan Post Group announced that after checking data history going back to 2014, it has been confirmed that the number of customers whose bank customer information was illegally searched and compiled into a list is estimated to be approximately 1.55 million.
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Toyota and F1 team reach basic agreement on cooperation in areas including vehicle development
2024-10-11 12:30:00
Toyota Motor Corporation announced that it has reached a basic agreement with the Formula 1 racing team, the pinnacle of auto racing, to cooperate in the field of vehicle development, etc. The aim is to develop human resources who can incorporate the skills and knowledge they have cultivated into production cars by having drivers and engineers participate.
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Stock prices rise as buying orders gather for major clothing companies
2024-10-11 12:12:00
On the 11th, the Tokyo stock market saw a surge in buy orders for shares of major clothing companies that announced strong financial results on the 10th, leading to a rise in the Nikkei average.
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Seven & i Holdings' new 7 trillion yen takeover proposal to be discussed at special committee
2024-10-11 05:31:00
Seven & i Holdings 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. Meanwhile, the company has announced a group restructuring plan to concentrate management resources on the convenience store business, and the next issue is whether the company can realize a corporate value that exceeds Couche-Tard's proposal.
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