Economic news(2024/10/18)
Nomura Securities: Companies suspend transactions due to government bond trading fraud
2024-10-18 19:47:00
As the Securities and Exchange Surveillance Commission recommends that the Financial Services Agency order Nomura Securities, Japan's largest securities firm, to pay a penalty for fraudulently manipulating prices in Japanese government bond futures trading, some companies are beginning to suspend transactions with Nomura Securities.
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The yen falls to the 150 yen range against the dollar on the back of the view that the US economy is strong.
2024-10-18 18:57:00
On the 18th in the Tokyo foreign exchange market, the yen fell to the 150 yen range against the dollar as investors sold yen and bought dollars on the view that the US economy was doing well.
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Rengo proposes wage increase of at least 5% for next year's spring labor offensive, including regular salary increases
2024-10-18 18:56:00
According to sources, the labor union confederation has finalized a plan to demand a wage increase of at least 5% for next year's spring labor offensive, including regular salary increases at the same high level as this year. Small and medium-sized labor unions are expected to demand an additional 6% wage increase.
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"Nuclear waste" accepted at Aomori facility; chairman of Federation of Electric Power Companies of Japan gives "careful explanation"
2024-10-18 18:28:00
Regarding the new acceptance of high-level radioactive waste owned by France, known as "nuclear waste," at a facility in Aomori Prefecture, Chairman of the Federation of Electric Power Companies of Japan, which represents major electric power companies, Kingo Hayashi stated at a regular press conference that he would continue to ask the prefecture for cooperation, saying, "We would like to provide a careful explanation so as not to damage trust."
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September average price of newly harvested rice traded 48% higher than the same month last year, reaching a record high
2024-10-18 18:27:00
On the 18th, the Ministry of Agriculture, Forestry and Fisheries announced the relative trading prices of this year's new rice last month, and the average price of all brands was 48% higher than the same month last year. This is the highest monthly average since the survey began in 2006.
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Elections and Stock Price Anomalies [Economics Column]
2024-10-18 18:26:00
The House of Representatives was dissolved on the 9th of this month, and the election campaign kicked off on the 15th. The House of Representatives election will be a short-term showdown, but how has the stock market responded so far? Looking back, a certain pattern has become apparent. We will explore the relationship from the investment adage "anomaly." (Economics reporter, Saito Mitsutaka)
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China's GDP growth rate for July to September: +4.6% compared to the same period last year; economic slowdown in China
2024-10-18 17:41:00
China's GDP (gross domestic product) growth rate from July this year to last month was 4.6% in real terms compared to the same period last year. The growth rate has shrunk from 4.7% in the previous three months, indicating a slowdown in the economy.
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September Consumer Price Index up 2.4% from the same month last year, rice prices up for the first time in 49 years
2024-10-18 17:40:00
The Consumer Price Index for September, which tracks the price movements of goods and services consumed at home, excluding fresh food, which is subject to large fluctuations due to weather, rose 2.4% from the same month last year. Of this, the price of rice, which has continued to be in short supply, increased by the largest amount in 49 years.
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Bank of Japan Governor Ueda: "Overseas economy outlook is uncertain" - Will interest rate hike be considered with caution?
2024-10-18 17:38:00
On the 18th, Bank of Japan Governor Ueda delivered a speech to the National Credit Union Conference, in which he reiterated his intention to keep a very close eye on the future of the US and other overseas economies, which are unclear. It is expected that future interest rate hikes will be carefully considered.
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This year's new rice relative transaction price is 48% higher, the highest since the survey began in 2006
2024-10-18 16:44:00
The Ministry of Agriculture, Forestry and Fisheries announced on the 18th that the average price of this year's new rice in September was 22,700 yen per 60 kg for all varieties, 48% higher than the same month last year. This is the highest monthly average since the survey began in 2006.
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Stock prices rise slightly, with buying orders focused on export-related stocks
2024-10-18 16:11:00
On the 18th, the Tokyo stock market saw a slight weakening of the yen, which led to buying orders, particularly for export-related stocks, and the Nikkei average rose slightly.
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China's GDP growth rate for July to September: +4.6% compared to the same period last year; economic slowdown in China
2024-10-18 16:05:00
China's GDP (gross domestic product) growth rate from July this year to last month was 4.6% in real terms compared to the same period last year. The growth rate has shrunk from 4.7% in the previous three months, indicating a slowdown in the economy.
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China's GDP growth rate for July to September: +4.6% compared to the same period last year; economic slowdown in China
2024-10-18 15:12:00
China's GDP (gross domestic product) growth rate from July this year to last month was 4.6% in real terms compared to the same period last year. The growth rate has shrunk from 4.7% in the previous three months, indicating a slowdown in the economy.
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China's GDP growth rate for July to September: +4.6% compared to the same period last year; economic slowdown in China
2024-10-18 13:40:00
China's GDP (gross domestic product) growth rate from July this year to last month was 4.6% in real terms compared to the same period last year. The growth rate has shrunk from 4.7% in the previous three months, indicating a slowdown in the economy.
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September Consumer Price Index up 2.4% from the same month last year, rice prices up for the first time in 49 years
2024-10-18 13:39:00
The Consumer Price Index for September, which tracks the price movements of goods and services consumed at home, excluding fresh food, which is subject to large fluctuations due to weather, rose 2.4% from the same month last year. Of this, the price of rice, which has continued to be in short supply, increased by the largest amount in 49 years.
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China's GDP growth rate for July to September: +4.6% compared to the same period last year; economic slowdown in China
2024-10-18 12:42:00
China's GDP (gross domestic product) growth rate from July this year to last month was 4.6% in real terms compared to the same period last year. The growth rate has shrunk from 4.7% in the previous three months, indicating a slowdown in the economy.
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The yen temporarily fell to the 150 yen range per dollar.
2024-10-18 12:39:00
On the 18th, the yen fell to the 150 yen range against the dollar on the Tokyo foreign exchange market as investors sold yen and bought dollars due to the view that the American economy was doing well.
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Stock prices rise Buying orders mainly for export-related stocks
2024-10-18 12:18:00
On the 18th, the Nikkei average rose on the Tokyo stock market as buying orders were placed mainly on export-related stocks due to the yen's weakening in the foreign exchange market.
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China's GDP grows by 4.6% in real terms, prolonged real estate downturn, economic slowdown?
2024-10-18 11:04:00
China's National Bureau of Statistics announced that the real GDP growth rate from July to September this year was 4.6% compared to the same period last year. This was a decrease from the 4.7% growth rate in the previous three months. This shows a slowdown in the economy amid a prolonged real estate downturn and continued stagnation in domestic demand.
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Netflix's financial results for the three months ending September: 40% increase over the same period last year
2024-10-18 09:28:00
American video streaming giant Netflix announced on the 17th that its financial results for the three months ending in September showed that its net profits increased by 40% compared to the same period last year due to an increase in subscribers in Asia and other regions.
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September Consumer Price Index increased 2.4% from the same month last year, but the rate of increase is shrinking
2024-10-18 09:01:00
The Consumer Price Index for September, which tracks the price movements of goods and services consumed at home and excludes fresh food, which is highly affected by weather, rose 2.4% from the same month last year. The rate of increase was 0.4 percentage points lower than the previous month's 2.8%.
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The New York foreign exchange market temporarily dropped to the low 150 yen range per dollar
2024-10-18 06:34:00
On the 17th, on the New York foreign exchange market, there was a trend to sell yen and buy dollars, due to the fact that US retail sales for September, which were announced that day, exceeded market expectations, and the yen temporarily fell to the low 150 yen range per dollar for the first time in about two and a half months.
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Mobile phone companies continue to increase data usage while keeping fees unchanged
2024-10-18 05:05:00
As competition for mobile phone contracts intensifies, major carriers are increasingly increasing the amount of data available while keeping prices the same.
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US September retail sales up 0.4% from previous month as consumer spending remains strong
2024-10-18 00:19:00
Retail sales in the United States, an indicator of consumer spending, increased 0.4% in September compared to the previous month, indicating that consumer spending remains strong.
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