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

Economic news(2024/10/31)


Kyoto   Hakone

Former TEPCO Chairman Tsuneo Katsumata dies after dealing with Fukushima Daiichi nuclear accident

2024-10-31 22:37:00
Tsunehisa Katsumata, who served as president and chairman of Tokyo Electric Power Company and responded to the Fukushima Daiichi nuclear accident, passed away on October 21. He was 84 years old.

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Prime Minister Ishiba: "Decarbonization technology is the key to breaking through the stagnation. Concrete measures will be included in the economic measures"

2024-10-31 22:05:00
Prime Minister Ishiba attended the government's executive council for decarbonization for the first time since taking office, and said that investment in decarbonization technology is key to breaking out of the stagnation of the Japanese economy, and instructed that concrete measures for the time being be included in new economic measures.

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Nichirei Foods to raise prices of frozen foods by up to 30% due to rising rice prices

2024-10-31 21:55:00
In response to the rise in rice prices, Nichirei Foods, a major frozen food manufacturer, has announced that it will raise the prices of all frozen foods that use rice, including fried rice, by up to approximately 30% from February next year.

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Japan Business Federation Executive Director Shinnami: "Problems with politics and money: insufficient explanation"

2024-10-31 21:28:00
Regarding the ruling party's failure to secure a majority in the House of Representatives election, Keizai Doyukai Executive Director Shinnami pointed out at a press conference on the 31st that there had been insufficient explanation given to the public regarding issues of politics and money, and called for efforts to quickly restore trust and move forward with policy discussions.

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JR East reiterates its intention to apply for a full fare hike to the government this fall

2024-10-31 20:39:00
JR East has reiterated its intention to submit an application to the government this fall for a fare increase, which it aims to implement in March of the year after next, as originally planned.

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Panasonic HD's April-September financial results: Final profits down 34% compared to the same period

2024-10-31 20:27:00
Panasonic Holdings Co.'s financial results for the six months from April to September this year showed net profit of 188.9 billion yen, down more than 34% from the same period last year, due to factors such as increased costs in setting up a battery factory for electric vehicles.

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[Details] Bank of Japan keeps policy interest rate unchanged, Governor says "risks to the US economy are declining"

2024-10-31 19:38:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan decided to maintain its current monetary policy. It will keep the policy interest rate unchanged and encourage short-term market interest rates to remain at around 0.25%. Governor Ueda has repeatedly stated that there is "time to spare" in deciding on future interest rate hikes, and has indicated his intention to carefully consider the risk surrounding the future of the US economy, but at a press conference after the meeting on the 31st, he indicated his recognition that the risks to the US economy have decreased.

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Toyota and NTT announce joint effort to improve driver assistance technology

2024-10-31 19:09:00
Toyota Motor Corporation and NTT have officially announced that they will jointly work on improving driver assistance technology using AI (artificial intelligence) and next-generation communication networks to prevent car accidents. The two companies will invest around 500 billion yen.

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Yen rises by more than 1 yen following Bank of Japan Governor's comments on interest rate hike

2024-10-31 19:00:00
On the Tokyo foreign exchange market on the 31st, the yen strengthened rapidly following comments made by Bank of Japan Governor Ueda at a press conference regarding interest rate hikes, rising by more than 1 yen from the 30th.

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AEON and Keisei Electric Railways agree to capital and business alliance to collaborate in a wide range of businesses

2024-10-31 18:54:00
On October 31, the major retailer AEON and the major private railway company Keisei Electric Railway announced that they had agreed to a capital and business alliance. They plan to collaborate in a wide range of areas, including the development of commercial facilities and the operation of supermarkets.

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Japan Fair Trade Commission orders four major non-life insurance companies to pay fines totaling more than 2 billion yen

2024-10-31 18:36:00
The Japan Fair Trade Commission has ordered four major non-life insurance companies to pay a combined penalty of more than 2 billion yen for repeatedly engaging in cartels and collusion to pre-adjust insurance premiums in contracts with companies, local governments, and other parties.

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[Details] Bank of Japan Governor's press conference: "Policy decisions will be made based on trends other than the U.S. economy"

2024-10-31 17:55:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan decided to maintain its current monetary policy. It will leave the policy interest rate unchanged and encourage short-term market interest rates to remain at around 0.25%. In a press conference after the meeting, Bank of Japan Governor Ueda stated that the bank would closely monitor the US economy when making policy decisions, but that risks have decreased compared to before. He also indicated that the bank would carefully monitor economic and price trends outside the US economy when making policy decisions.

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Total number of domestic overnight guests in September reached 54.07 million, the highest number ever for the month of September

2024-10-31 17:51:00
According to the Japan Tourism Agency, preliminary figures show that a total of 54.07 million people stayed in hotels, inns, and other accommodations across Japan in September, a 3.6% increase over the same month last year and the highest number ever for the month of September.

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Wholesale egg prices rise for third straight month. How long will it last?

2024-10-31 17:12:00
"I feel lonely without eggs, so I buy them even though they are expensive." The wholesale price of eggs in the Tokyo area rose for the third consecutive month in October due to a decrease in supply caused by the summer's heatwave. Experts point out that "prices are likely to remain high until around mid-December." What is behind the rise in egg prices?

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Former Big Motor fraud case: Dealing with damage to customers to begin in November

2024-10-31 17:06:00
In the case of fraudulent insurance claims by the former Big Motor, the surviving company, which will be handling compensation for damages, has announced that from November it will begin taking steps to recover damages from customers who had their cars repaired inappropriately in the past.

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[Details] Bank of Japan Governor's press conference: "Interest rates will be raised if economic and price forecasts are realized"

2024-10-31 17:01:00
The Bank of Japan decided to maintain its current monetary policy at the Monetary Policy Meeting held until the 31st. It appears that the Bank of Japan decided to keep the policy interest rate at around 0.25% and to carefully monitor trends in wages and prices, as well as the outlook for the US economy, for the time being.

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AEON and Keisei Electric Railways agree to capital and business alliance to collaborate on a wide range of businesses

2024-10-31 16:47:00
On the 31st, major retailer AEON and major private railway company Keisei Electric Railway announced that they have agreed to a capital and business alliance. The two companies plan to acquire a portion of each other's shares by the end of the year, and will collaborate on a wide range of businesses, including developing shopping malls and commercial facilities adjacent to stations, as well as operating supermarkets. They will begin discussions to work toward concrete initiatives in the future.

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Toyota and NTT announce joint effort to improve driver assistance technology

2024-10-31 16:42:00
Toyota Motor Corporation and NTT have officially announced that they will jointly work on improving driver assistance technology using AI (artificial intelligence) and next-generation communication networks to prevent car accidents. The two companies will invest around 500 billion yen.

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[LIVE] Bank of Japan Governor holds press conference: "Interest rates will be raised if economic and price outlook is realized"

2024-10-31 16:18:00
The Bank of Japan decided to maintain its current monetary policy at the Monetary Policy Meeting held until the 31st. It appears that the Bank of Japan decided to keep the policy interest rate at around 0.25% and to carefully monitor trends in wages and prices, as well as the outlook for the US economy, for the time being.

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Stock price drop

2024-10-31 16:04:00
On the Tokyo stock market on the 31st, the Nikkei average fell as some investors sold orders to lock in profits.

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Tokyo's wholesale egg prices rise for third consecutive month, "potential to rise further"

2024-10-31 15:51:00
The wholesale price of eggs in the Tokyo area rose for the third consecutive month in October due to a decrease in supply caused by the intense heat of the summer. Since the beginning of October, cases of avian influenza have been confirmed one after another at poultry farms across the country, raising concerns about the impact on the future.

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National health insurance premium cap to be raised by 30,000 yen to 920,000 yen from next fiscal year

2024-10-31 15:33:00
In order to improve the finances of the National Health Insurance scheme for self-employed individuals, the Ministry of Health, Labor and Welfare has decided to raise the annual premium cap for high-income earners by 30,000 yen to 920,000 yen from next fiscal year. This will be the fourth consecutive year that the cap has been raised.

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Toyota and NTT announce joint effort to improve driver assistance technology

2024-10-31 15:15:00
Toyota Motor Corporation and NTT have officially announced that they will jointly work on improving driver assistance technology using AI (artificial intelligence) and next-generation communication networks to prevent car accidents. The two companies will invest around 500 billion yen.

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Japan Fair Trade Commission orders four major non-life insurance companies to pay fines totaling more than 2 billion yen

2024-10-31 15:09:00
The Japan Fair Trade Commission has ordered four major non-life insurance companies to pay a combined penalty of more than 2 billion yen for repeatedly engaging in cartels and collusion to pre-adjust insurance premiums in contracts with companies, local governments, and other parties.

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Wholesale egg prices in Tokyo rise for third consecutive month as supply shrinks due to extreme heat

2024-10-31 15:07:00
The wholesale price of eggs in the Tokyo area rose for the third consecutive month in October due to a decrease in supply caused by the intense heat of the summer. Since the beginning of October, cases of avian influenza have been confirmed one after another at poultry farms across the country, raising concerns about the impact on the future.

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Former TEPCO Chairman Tsuneo Katsumata dies after dealing with Fukushima Daiichi nuclear accident

2024-10-31 13:39:00
Tsunehisa Katsumata, who served as president and chairman of Tokyo Electric Power Company and responded to the Fukushima Daiichi nuclear accident, passed away on October 21. He was 84 years old.

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Wholesale egg prices in Tokyo rise for third consecutive month as supply shrinks due to extreme heat

2024-10-31 13:21:00
The wholesale price of eggs in the Tokyo area rose for the third consecutive month in October due to a decrease in supply caused by the intense heat of the summer. Since the beginning of October, cases of avian influenza have been confirmed one after another at poultry farms across the country, raising concerns about the future impact.

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Stock price drop

2024-10-31 12:10:00
On the 31st, the Nikkei average fell on the Tokyo stock market, following the decline in major stock indexes on the New York market on the 30th.

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Former TEPCO Chairman Tsuneo Katsumata dies after dealing with Fukushima Daiichi nuclear accident

2024-10-31 12:05:00
Tsunehisa Katsumata, who served as president and chairman of Tokyo Electric Power Company and responded to the Fukushima Daiichi nuclear accident, passed away on October 21. He was 84 years old.

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Bank of Japan decides to keep policy interest rate unchanged, after carefully assessing wage trends, etc.

2024-10-31 11:56:00
The Bank of Japan decided to maintain its current monetary policy at the Monetary Policy Meeting held until the 31st. It appears that the Bank of Japan decided to keep the policy interest rate at around 0.25% and to carefully monitor trends in wages and prices, as well as the outlook for the US economy, for the time being.

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Honda reports recall of more than 650,000 mopeds of six models

2024-10-31 11:52:00
Honda has filed a recall with the Ministry of Land, Infrastructure, Transport and Tourism for six models of mopeds, covering over 650,000 vehicles, due to a leak in lubricating oil that could cause some parts to burn and lock the rear wheels, which could, in the worst case scenario, cause the vehicle to fall over.

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September industrial production index increased 1.4% from the previous month, the first increase in two months

2024-10-31 11:46:00
The September index of industrial production, which indicates corporate production activity, rose for the first time in two months due to increased production of automobiles, air conditioners, etc.

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Former TEPCO Chairman Tsuneo Katsumata dies after dealing with Fukushima Daiichi nuclear accident

2024-10-31 10:45:00
Tsunehisa Katsumata, who served as president and chairman of Tokyo Electric Power Company and responded to the Fukushima Daiichi nuclear accident, passed away on October 21. He was 84 years old. In March 2011, Katsumata was chairman and responded to the Great East Japan Earthquake and Fukushima Daiichi nuclear accident.

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September industrial production index increased 1.4% from the previous month, the first increase in two months

2024-10-31 09:14:00
The September index of industrial production, which indicates corporate production activity, was 101.1, with 2020 as the base year of 100, up 1.4% from the previous month. This is the first increase in two months, and the Ministry of Economy, Trade and Industry has maintained its assessment of corporate production activity as "advancing and retreating."

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Government electricity and gas subsidies to end after October usage, calls for resumption

2024-10-31 05:12:00
The government's additional electricity and gas subsidies, which began in August this year, will end with the October charges. There are voices within the ruling party calling for the subsidies to be resumed, but huge amounts of money have been allocated to measures to combat high energy prices, so attention is focused on how the government will respond with new economic measures.

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Bank of Japan's second monetary policy meeting today: Will the policy interest rate remain unchanged?

2024-10-31 05:11:00
The Bank of Japan will hold its second day of monetary policy meetings on the 31st and will decide and announce its immediate policy. The Bank of Japan will place importance on the trend of the US economy when considering raising interest rates, but many people are of the opinion that it should be carefully monitored for the time being, and it is expected that the policy interest rate will remain unchanged this time.

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Kyoto   Mt.Fuji


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