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

Economic news(2024/10/28)


Kyoto   Hakone

Volkswagen plans to close at least three factories in Germany

2024-10-28 22:32:00
Volkswagen, the German car giant which is considering closing factories for the first time since its founding, has informed an employee group that it plans to close at least three factories.

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Olympus president and CEO resigns after internal investigation into illegal drug purchases

2024-10-28 18:51:00
Precision equipment manufacturer Olympus announced that President and CEO Stefan Kaufmann has resigned as of the 28th. The company said that after receiving a report that he had purchased illegal drugs, the company conducted an internal investigation and the board of directors asked him to resign, which he accepted.

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Yen exchange rate falls as LDP and Komeito fall short of majority, intensifying yen selling

2024-10-28 18:16:00
On the 28th, the Tokyo foreign exchange market saw a rise in yen selling following the results of the House of Representatives election in which the Liberal Democratic Party and Komeito Party fell short of a majority of seats, and the yen temporarily fell to the high 153 yen range against the dollar.

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Fiscal Council discusses public works and defense: "Secure fiscal leeway in preparation for emergencies"

2024-10-28 18:01:00
In preparation for compiling next year's budget, an advisory body to the Minister of Finance held discussions on public works and defense, with a number of opinions being expressed in favor of securing fiscal leeway in preparation for emergencies.

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Toyota and NTT to collaborate on development of driver assistance technology, to invest hundreds of billions of yen

2024-10-28 18:01:00
It has been revealed that Toyota Motor Corporation and NTT Group will invest hundreds of billions of yen in a joint effort to develop driver assistance technologies using AI (artificial intelligence) and next-generation communication networks in order to reduce car accidents.

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Olympus president and CEO resigns after internal investigation into illegal drug purchases

2024-10-28 16:58:00
Precision equipment manufacturer Olympus announced that President and CEO Stefan Kaufmann has resigned as of the 28th. The company said that after receiving a report that he had purchased illegal drugs, the company conducted an internal investigation and the board of directors asked him to resign, which he accepted.

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91.2% of companies will raise wages this year, the highest since 1999: Ministry of Health, Labor and Welfare

2024-10-28 16:20:00
A survey by the Ministry of Health, Labor and Welfare found that 91.2% of companies nationwide said they had "raised" or would "raise" wages this year, the highest since the survey began in its current form in 1999.

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Stock price temporarily rises by more than 800 yen. Prices fall due to the Lower House election but are bought back.

2024-10-28 15:43:00
Following the results of the House of Representatives election on the Tokyo Stock Exchange on the 28th, the Nikkei Stock Average began to fall, but then a buying back movement spread and the market rose across the board, temporarily rising by more than 800 yen compared to the closing price at the end of last week.

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Stock prices rise by more than 800 yen; buy orders for export-related stocks on the back of a weak yen

2024-10-28 14:41:00
On the Tokyo stock market on the 28th, the start of the week, buying orders increased further, especially for export-related stocks, against the backdrop of the yen's continuing depreciation as the afternoon progressed, and the Nikkei average stock price rose by more than 800 yen compared to the closing price at the end of the previous week at around 2:00 p.m.

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Reaction of the business community to the House of Representatives election

2024-10-28 13:40:00
This is the business world's reaction to the results of the House of Representatives election.

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Stock prices start off lower following the Lower House election but then rise by more than 700 yen

2024-10-28 12:12:00
On the Tokyo Stock Exchange on the 28th, the start of the week, stock prices began to fall following the results of the House of Representatives election, but a buying movement then emerged and the Nikkei Stock Average temporarily rose by more than 700 yen compared to the closing price at the end of the previous week.

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Reaction of the business community to the House of Representatives election

2024-10-28 11:40:00
This is the business world's reaction to the results of the House of Representatives election.

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Yen exchange rate falls to the upper 153 yen range against the dollar following the results of the House of Representatives election

2024-10-28 10:37:00
On the 28th, the Tokyo foreign exchange market saw an intensification of yen selling following the results of the House of Representatives election in which the Liberal Democratic Party and Komeito Party fell short of a majority of seats, and the yen fell to the high 153 yen range per dollar in the morning.

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Olympus president and CEO resigns after internal investigation into illegal drug purchases

2024-10-28 10:19:00
Precision equipment manufacturer Olympus announced that President and CEO Stefan Kaufmann has resigned as of the 28th. The company said that after receiving a report that he had purchased illegal drugs, the company conducted an internal investigation and the board of directors asked him to resign, which he accepted.

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Yen exchange rate falls to the low 153 yen range against the dollar following the results of the Lower House election

2024-10-28 10:16:00
On the 28th, the Tokyo foreign exchange market saw an intensification of yen selling following the results of the House of Representatives election in which the Liberal Democratic Party and Komeito Party fell short of a majority of seats, with the yen falling to the low 153 yen range against the dollar.

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Stock prices start off lower following the Lower House election but then rise by more than 700 yen

2024-10-28 09:59:00
On the Tokyo Stock Exchange on the 28th, the start of the week, stock prices began to fall immediately after trading began due to the view that the results of the House of Representatives election made it difficult to predict how the government would be run in the future. However, this then reversed, and a buying back movement spread, with the Nikkei average temporarily rising by more than 700 yen compared to last weekend's closing price.

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Olympus president and CEO resigns after internal investigation into illegal drug purchases

2024-10-28 09:03:00
Precision equipment manufacturer Olympus announced that President and CEO Stefan Kaufmann resigned on the 28th. According to the announcement, following a report that he had purchased illegal drugs, an internal investigation was conducted and the board of directors asked him to resign, which he accepted.

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Yen exchange rate falls to the low 153 yen range against the dollar following the results of the Lower House election

2024-10-28 08:57:00
On the 28th, the foreign exchange market saw a strong sell-off of the yen following the results of the House of Representatives election, with the yen falling to the low 153 yen range against the dollar in overseas markets in the early morning, and trading at a level around 153 yen to the dollar in the Tokyo market as well.

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Bank of Japan to hold monetary policy meeting from 30th, growing view that policy interest rate will remain unchanged

2024-10-28 07:53:00
The Bank of Japan will hold a meeting to decide on monetary policy starting on the 30th of this week, and will review the state of the economy and prices. Many within the Bank of Japan are of the opinion that the outlook for the US economy, which has been pointed out as a risk factor, should be carefully monitored, and the view in financial markets is spreading that the Bank of Japan will keep its policy interest rate unchanged at this meeting.

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House of Representatives election: Ruling party loses majority; investors' reaction to stock prices is the focus of attention

2024-10-28 07:47:00
Trading on the Tokyo market will begin next week following the results of the House of Representatives election. With the ruling party falling short of the 233 seats required for a majority, market participants are of the opinion that the future political situation and policy management are becoming less predictable, and attention is focused on how investors will react.

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Yen continues to weaken in Oceania foreign exchange market following Lower House election results

2024-10-28 06:00:00
At the start of the week, the foreign exchange market in Oceania saw a surge in yen selling following the results of the House of Representatives election, with the yen falling to the low 153 yen range against the dollar.

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Kyoto   Mt.Fuji


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