Economic news(2024/11/13)
U.S. Consumer Price Index rises 2.6% year-on-year in October
2024-11-13 22:51:00
The US Consumer Price Index for October was announced, showing a 2.6% increase compared to the same month last year. The increase was in line with market expectations, but 0.2 points higher than in September. There are concerns in the market that inflation may reignite due to the policies of President Trump, who won the presidential election, and attention is focused on the pace at which the Federal Reserve Board will continue to lower interest rates.
TOP
Seven & i Holdings considers delisting following proposal from founding family
2024-11-13 21:09:00
Seven & i Holdings, which has received a takeover bid from a major Canadian convenience store chain, is reportedly considering delisting the company after receiving proposals from companies linked to the founding family that established its supermarket subsidiary, Ito-Yokado.
TOP
Japan and the UK to establish economic version of "2+2" to coordinate, second for Japan after the US
2024-11-13 19:56:00
It has been learned that the governments of Japan and the UK are coordinating to set up a new framework for economic consultation between foreign and economic ministers, a so-called economic version of "2+2." This will be the second such framework for Japan, following the US, and Japan hopes to deepen discussions on ensuring economic security and promoting free and fair trade.
TOP
Rakuten Group posts 150.3 billion yen deficit for January to September, 6th consecutive year of deficit but narrowing
2024-11-13 18:39:00
Rakuten Group's financial results for the nine months from January to September this year showed a net loss of 150.3 billion yen, its sixth consecutive year of losses for this period. However, the deficit narrowed as performance in its mobile phone business, which had been a problem, recovered.
TOP
Seven & i Holdings considers delisting following proposal from founding family
2024-11-13 18:28:00
Seven & i Holdings, which has received a takeover bid from a major Canadian convenience store chain, is reportedly considering delisting the company after receiving proposals from companies linked to the founding family that established its supermarket subsidiary, Ito-Yokado.
TOP
The yen fell to the 155 yen range against the dollar for the first time in about three and a half months.
2024-11-13 18:14:00
On the Tokyo foreign exchange market on the 13th, there was a sell-off of the yen due to concerns that inflation might flare up again due to the policies of Donald Trump, who won the US presidential election, and the yen fell to the low 155 yen range against the dollar for the first time in about three and a half months.
TOP
Mizuho FG invests in Rakuten Card, agrees to enter into business and capital alliance
2024-11-13 17:54:00
Mizuho Financial Group has agreed to invest in Rakuten Card, a subsidiary of the Rakuten Group, and enter into a capital and business alliance. Major mobile phone companies are increasing their presence in the fields of credit cards, payment, and points, and competition is likely to become even more intense in the future.
TOP
NVIDIA CEO gives speech in Tokyo to accelerate collaboration with SoftBank
2024-11-13 17:45:00
Jensen Huang, CEO of NVIDIA, a major American semiconductor company with a large share of the market for AI semiconductors, gave a speech in Tokyo on the 13th. During the speech, he revealed his intention to accelerate collaboration with SoftBank, a major mobile phone company, to develop technology that utilizes mobile phone base stations for AI information processing.
TOP
Stock price temporarily falls by more than 700 yen, profit-taking sell orders increase
2024-11-13 16:20:00
On the Tokyo stock market on the 13th, the Nikkei average temporarily fell by more than 700 yen as sell orders surged in an attempt to lock in immediate profits.
TOP
Seven & i Holdings considers delisting following proposal from founding family
2024-11-13 16:06:00
Seven & i Holdings, which has received a takeover bid from a major Canadian convenience store chain, is reportedly considering delisting the company after receiving proposals from companies linked to the founding family that established its supermarket subsidiary, Ito-Yokado.
TOP
The yen fell to the 155 yen range against the dollar for the first time in about three and a half months.
2024-11-13 15:22:00
On the Tokyo foreign exchange market on the 13th, there was a trend to sell yen and buy dollars due to concerns that inflation may be rekindled due to the policies of Donald Trump, who won the US presidential election, and the yen fell to the 155 yen range per dollar for the first time in approximately three and a half months.
TOP
Mizuho Financial Group announces 14.99% investment in Rakuten Card
2024-11-13 15:09:00
Mizuho Financial Group has announced that it will take a 14.99% stake in Rakuten Card, a credit card company under the Rakuten Group.
TOP
Stock price temporarily falls by more than 700 yen due to the decline in the New York market
2024-11-13 14:39:00
On the Tokyo Stock Exchange on the 13th, the Nikkei average temporarily fell by more than 700 yen.
TOP
Ministry of Finance: Drug price revisions next fiscal year will apply to all pharmaceuticals in principle
2024-11-13 13:21:00
In preparation for next year's budget, an advisory body to the Minister of Finance discussed the social security sector, and the Ministry of Finance proposed that drug price revisions for next year would, in principle, apply to all pharmaceuticals.
TOP
Stock prices fall due to the decline in the New York market
2024-11-13 12:12:00
On the 13th, the Tokyo Stock Exchange and the Nikkei Stock Average fell, following the trend of major US stock indexes falling all together in the New York market on the 12th.
TOP
The yen fell to the upper 154 yen range against the dollar.
2024-11-13 12:10:00
On the Tokyo foreign exchange market on the 13th, there was a continued trend of selling yen and buying dollars due to concerns that inflation may be rekindled due to the policies of Donald Trump, who won the US presidential election, and the yen fell to the high 154 yen range per dollar.
TOP
Corporate Price Index in October increased 3.4% year-on-year
2024-11-13 11:13:00
The Corporate Price Index for October, which indicates the prices of goods traded between companies, rose 3.4% compared to the same month last year, due in part to increases in the prices of rice and copper.
TOP
The yen fell to the upper 154 yen range against the dollar.
2024-11-13 10:40:00
On the Tokyo foreign exchange market on the 13th, there was a trend to sell yen and buy dollars due to the view that the policies of Donald Trump, who won the US presidential election, may reignite inflation, and the yen fell to the high 154 yen range per dollar.
TOP
Corporate Price Index in October increased 3.4% year-on-year
2024-11-13 09:07:00
The Corporate Price Index, which shows the prices of goods traded between companies, rose 3.4% in October compared to the same month last year, up from 3.1% in September.
TOP
Ministry of Land, Infrastructure, Transport and Tourism takes measures to streamline multiple subcontracting in the construction industry to encourage wage increases
2024-11-13 06:40:00
In order to encourage wage increases in the construction industry, which continues to suffer from a labor shortage, the Ministry of Land, Infrastructure, Transport and Tourism plans to include in the government's economic measures to be compiled soon an initiative aimed at streamlining the industry's unique multiple subcontracting structure. The ministry will investigate the actual situation and consider strengthening the measures, including the introduction of a new system.
TOP
Telecommunications companies accelerate demonstration experiments aimed at building communications infrastructure in space and the sky
2024-11-13 06:11:00
In preparation for large-scale disasters, telecommunications companies are accelerating experiments to build communications infrastructure in space and the air, such as direct communications between satellite networks and smartphones, and "flying base stations" using unmanned aerial vehicles.
TOP
