Economic news(2024/10/25)
Changes to how the "Seishun 18 Ticket" is used: Use by multiple people will no longer be permitted
2024-10-25 18:15:00
JR companies are changing how the "Seishun 18 Ticket," which allows unlimited use of local trains, will be used by multiple people and will no longer be able to be used over a period of time. Some have complained that this decision will make it harder to use, and the companies have explained that the reason is to accommodate the automatic ticket gates.
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TSMC announces strengthening of technical support system for Japanese companies, aiming to deepen cooperation
2024-10-25 18:14:00
Taiwan's TSMC, the world's largest contract manufacturer of semiconductors, held an event in Tokyo on the 25th, gathering semiconductor-related companies and others, and revealed its intention to strengthen its system for supporting the technology required for design. It is believed that the aim is to incorporate technology by deepening cooperation with Japanese companies.
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Yen exchange rate moves slightly, active trading to be avoided ahead of Lower House election
2024-10-25 18:13:00
On the Tokyo foreign exchange market on the 25th, active trading was refrained from ahead of the House of Representatives election voting on the 27th, and the yen fluctuated little.
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September department store sales up 2.3% from the same month last year, duty-free items booming
2024-10-25 17:35:00
Sales at department stores nationwide last month were 2.3% higher than the same month last year, due to strong sales of duty-free goods due to an increase in foreign tourists. However, food sales have fallen for three consecutive months due to price hikes and other factors.
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Shoko Chukin Bank's "Miscalculation" [Economics Column]
2024-10-25 17:31:00
In a bidding process for the privatization of government-affiliated financial institution Shoko Chukin Bank, nearly 90% of the planned shares remained unsold. What was behind this "miscalculation"? What is expected of financial institutions that have the unique ability to support small and medium-sized enterprises through their nationwide network? (Economics Department Reporter Sato Takahiro)
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Stock prices fall Sell orders for a wide range of stocks following the fall of the NY Dow on the 24th
2024-10-25 16:51:00
Following the fall of the Dow Jones Industrial Average on the Tokyo stock market on the 25th and the New York market on the 24th, sell orders were placed on a wide range of stocks, causing the Nikkei Stock Average to fall.
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Watami acquires Subway Japan, aiming for 3,000 stores nationwide
2024-10-25 14:03:00
Watami, which operates a chain of izakaya restaurants, has announced that it will acquire a company that operates the sandwich chain Subway in Japan. The company plans to expand its stores to commercial facilities and in front of train stations, aiming for 3,000 stores nationwide.
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Stock prices fall Sell orders for a wide range of stocks following the fall of the NY Dow on the 24th
2024-10-25 12:04:00
Following the fall of the Dow Jones Industrial Average on the Tokyo stock market on the 25th and the New York stock market on the 24th, sell orders were placed on a wide range of stocks, causing the Nikkei Stock Average to fall.
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Tokyo's 23 wards' consumer price index in October increased 1.8% compared to the same month last year
2024-10-25 09:41:00
The Consumer Price Index for Tokyo's 23 wards this month, a leading indicator for the nation, was a preliminary figure excluding fresh food, which is subject to large fluctuations due to weather, and rose 1.8% from the same month last year. The rate of increase narrowed to the 1% range for the first time in five months, due in part to lower electricity and gas prices thanks to government subsidies.
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Bank of Japan Governor Ueda: "We have plenty of time" to carefully consider raising interest rates
2024-10-25 09:22:00
Bank of Japan Governor Ueda, speaking at a press conference in Washington after the conclusion of the G20 meeting of finance ministers and central bank governors, said that the U.S. economy, which he said would be important in determining monetary policy, needed to be carefully assessed. He then said, "I think we have enough time," reiterating his intention to take the time to carefully decide whether to raise interest rates.
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Tokyo's 23 wards' consumer price index in October increased 1.8% compared to the same month last year
2024-10-25 08:51:00
The Consumer Price Index for Tokyo's 23 wards this month, a leading indicator for the nation, excluding fresh food, which is subject to large fluctuations due to weather, rose 1.8% from the same month last year in a preliminary report. The rate of increase fell 0.2 percentage points from 2.0% in September last month, to the 1% range for the first time in five months.
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G20 closing joint statement: "Downside risks to the global economy are rising"
2024-10-25 06:33:00
The meeting of finance ministers and central bank governors of the G20, which was held in Washington, D.C., concluded on the morning of the 25th (Japan time). Although the leaders agreed that the global economy is on track for a soft landing, they also pointed out growing risks in their joint statement, expressing concern that excessive protectionism could lead to economic division.
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