Economic news(2024/11/11)
Yen falls in value as dollar-buying moves in Tokyo foreign exchange market
2024-11-11 18:20:00
On the 11th, the Tokyo foreign exchange market saw the yen fall in value as there was a move to buy dollars on the view that the pace of interest rate cuts by the Federal Reserve, the US central bank, would slow down.
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China's October new car sales increase for the first time in five months, uncertainty over future outlook grows
2024-11-11 17:35:00
Last month's new car sales in China increased for the first time in five months compared to the same month last year, due to strong sales of "new energy vehicles" such as electric vehicles (EVs) and increased exports. However, concerns have arisen over intensifying trade friction following the victory of Donald Trump in the US presidential election, and the outlook is becoming more uncertain.
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Stock prices move slightly. Prices fall in the morning, but then buy back.
2024-11-11 17:28:00
On the 11th, in the morning on the Tokyo Stock Exchange, sell orders were placed for semiconductor-related stocks, but afterwards, there was a buying movement as the price drop made them appear undervalued, and stock prices fluctuated little.
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Manhole cover from "The Rose of Versailles" on display in Kashiwa, Chiba, where the author has a connection
2024-11-11 16:40:00
Manhole covers featuring characters from the popular manga "The Rose of Versailles" have appeared in Kashiwa City, Chiba Prefecture, which has a close connection to the author.
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Nojima, a major electronics retailer, to acquire VAIO, which is now independent from Sony
2024-11-11 15:12:00
Nojima, a major electronics retailer, has announced that it will acquire VAIO, a computer manufacturer that was spun off from Sony. It is believed that the aim of this acquisition is to expand computer sales by utilizing the corporate sales network.
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Hello Work holds job-seeking information session for dismissed Funai Electric employees
2024-11-11 13:47:00
Funai Electric, an Osaka-based home appliance manufacturer, has laid off employees after the court ordered the start of bankruptcy proceedings, but local Hello Work offices have been holding information sessions since the 11th to help laid-off employees find new jobs.
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[Oha Biz Commentary] How should Japan prepare for Trump's tariff policy?
2024-11-11 13:19:00
How will the economic policies of the next US President Trump affect the Japanese economy, and how should we prepare for them? This time, we will look at tariff policy. Keiji Watanabe, anchor of Oha Biz, provides commentary.
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Nojima, a major electronics retailer, to acquire VAIO, which is now independent from Sony
2024-11-11 13:10:00
Nojima, a major electronics retailer, announced that it has decided to acquire VAIO, a computer manufacturer that was spun off from Sony, by acquiring approximately 90% of the shares from investment fund Japan Industrial Partners and others. It is believed that the aim is to expand computer sales through the corporate sales network.
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Stock prices fall Many sell orders for semiconductor-related stocks
2024-11-11 12:11:00
On the 11th, the Tokyo Stock Exchange saw many sell orders for semiconductor-related stocks, causing the Nikkei average to fall.
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Bank of Japan's October Monetary Policy Meeting: "Keep a close eye on developments after the US presidential election"
2024-11-11 11:59:00
The Bank of Japan has released the main opinions of its monetary policy meeting last month, where it decided to keep the policy interest rate unchanged. While committee members expressed the view that risks to the U.S. economy are declining, they also expressed the opinion that it is necessary to keep a close eye on trends in financial markets following the presidential election.
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First half current account surplus of 15.8248 trillion yen, the largest ever for a half-year of the fiscal year
2024-11-11 11:02:00
Japan's current account surplus, which shows how much it earned from trade and investment with other countries, for the first half of this fiscal year was 15.8248 trillion yen, the largest ever for a half-year in a fiscal year. This was mainly due to an increase in dividends and interest received by companies on overseas investments.
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Automakers are producing cars in India and re-importing them to Japan
2024-11-11 06:58:00
As the cost of producing cars rises due to rising raw material prices, automakers are increasingly re-importing cars made in India to Japan in order to keep sales prices down.
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Department stores are delaying their first sales next year due to work style reforms
2024-11-11 06:43:00
As labor shortages become an issue in the retail industry, department stores are increasingly delaying their New Year's sales next year due to reasons such as employee work style reforms.
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