Economic news(2024/11/14)
London market: Yen exchange rate temporarily falls to the low 156 yen range per dollar
2024-11-14 21:18:00
On the 14th, the London foreign exchange market saw a strong trend of selling yen and buying dollars, following on from the Tokyo market, and the yen temporarily fell to the low 156 yen range against the dollar, its lowest level in approximately three and a half months.
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Three major financial groups report interim profits at record highs
2024-11-14 21:07:00
The three major financial groups' financial results through September this year all recorded their highest profits ever for this period. The weak yen has increased overseas earnings, and the Bank of Japan's interest rate hike has improved lending margins, so the so-called "world with interest rates" has boosted their performance.
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Foreign investors buy Japanese stocks for the first time in four weeks amid US presidential election
2024-11-14 20:28:00
Last week, when Trump won the US presidential election, overseas investors bought more than sold domestic stocks by 190 billion yen, the first net purchase in four weeks. The so-called "Trump trade," which takes into account the policies set forth by Trump, was also active in the Japanese market, and some believe that this has led to a growing trend of buying Japanese stocks among overseas investors.
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China's annual production of "new energy vehicles" exceeds 10 million units
2024-11-14 19:15:00
In China, the annual production of "new energy vehicles" such as electric vehicles (EVs) has exceeded 10 million units for the first time. Meanwhile, there are moves to raise tariffs on Chinese-made EVs in Europe and the United States, claiming that Chinese-made EVs are being exported at unfairly low prices due to overproduction.
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Japan Post Group's interim financial results: Net profit up 16% but postal logistics business sees operating loss widen
2024-11-14 18:52:00
In the six-month financial results for the Japan Post Group ending in September this year, the bottom line profit increased by 16% compared to the same period last year, due to improved performance at the two financial services companies. However, the postal and logistics business saw its operating loss widen due to increased logistics costs.
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Watami plans to aim for an average 5% wage increase, including base pay increase, in next year's spring labor offensive
2024-11-14 18:21:00
Watami, which operates a chain of izakaya restaurants, has announced a policy to aim for an average 5% wage increase, including a base pay increase, for employees working in Japan in next year's spring labor offensive. The restaurant industry is facing issues of labor shortages and retention of employees, and there have been a series of moves to raise wages.
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The yen temporarily fell to the 156 yen range against the dollar for the first time in about three and a half months.
2024-11-14 18:11:00
On the 14th, in the Tokyo foreign exchange market, it became certain that the Republican Party would take the majority in both houses of the US Congress, and the view that inflation would rise under President-elect Trump led to the yen weakening and the dollar strengthening. At one point, the yen fell to the 156 yen range against the dollar for the first time in about three and a half months.
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Mizuho FG and Rakuten Card to consider collaboration on points services
2024-11-14 17:59:00
Following the capital and business alliance between Mizuho Financial Group and Rakuten Card, a subsidiary of the Rakuten Group, the heads of both groups held a press conference and expressed their intention to specifically consider future collaboration in the area of point services, where competition is becoming increasingly fierce.
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Dai-ichi Life Holdings to recruit 1,000 employees aged 50 or older who meet certain conditions for voluntary retirement
2024-11-14 17:23:00
Dai-ichi Life Holdings, a major life insurance company, has decided to invite approximately 1,000 employees aged 50 or older who meet certain conditions to take voluntary retirement.
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Stock prices fall as sell orders grow to lock in immediate profits
2024-11-14 16:30:00
On the Tokyo stock market on the 14th, sell orders spread in the afternoon as investors sought to lock in immediate profits, causing the Nikkei average to fall.
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Nippon Life Insurance invests in major childcare company to address labor shortages
2024-11-14 13:20:00
Nippon Life Insurance Co. has announced plans to make new investments in companies that operate childcare facilities nationwide and promote the introduction of IT systems across the industry to alleviate labor shortages, etc. The life insurance industry is accelerating its efforts to strengthen new businesses that are expected to grow, such as nursing care and childcare.
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US Amazon launches online store specializing in items under $20 - a move to compete with Chinese giants
2024-11-14 13:09:00
American IT giant Amazon has launched a new section on its online shopping site that specializes in low-priced products priced at under $20, and has begun providing services to the U.S. market. This is believed to be an attempt to compete with the Chinese online shopping giants.
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The yen temporarily fell to the 156 yen range against the dollar for the first time in about three and a half months.
2024-11-14 12:58:00
On the Tokyo foreign exchange market on the 14th, there was a growing trend to sell yen and buy dollars amid concerns that the policies of US President-elect Trump would lead to a deterioration in the country's finances, and the yen temporarily fell to the 156 yen range per dollar for the first time in approximately three and a half months.
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Stock prices: Small price movements, mixed buying and selling
2024-11-14 12:39:00
On the 14th, the Tokyo stock market saw a mix of buying and selling in the morning, with the Nikkei average stock price fluctuating little.
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New York market: Yen exchange rate: Temporarily, 1 dollar = 155 yen range, yen weakens and dollar strengthens
2024-11-14 10:15:00
On the 13th, in the New York foreign exchange market, there was a trend of selling yen and buying dollars, and the yen temporarily weakened to the mid-155 yen range per dollar. This was due to a rise in long-term interest rates due to concerns that the policies of the next US President, Trump, would worsen the country's finances.
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Government's new economic measures: Public support for semiconductor and AI sectors revealed
2024-11-14 07:37:00
The full extent of the public support for the semiconductor and AI sectors through fiscal 2030 that the government will incorporate into its new economic measures has been revealed. Using funds from the Fiscal Investment and Loan Program Special Account and other sources, as well as bridging bonds, the government plans to allocate around 6 trillion yen to subsidies and outsourcing for the mass production of power semiconductors, and over 4 trillion yen to financial support for the mass production of next-generation semiconductors.
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Experts call for stricter risk management after huge losses in public-private fund
2024-11-14 06:24:00
Regarding the issue of JOIN, a public-private fund that supports the overseas expansion of infrastructure, recording huge losses, a committee of experts considering the company's future plans is planning to call for stricter risk management and a fundamental review of its management.
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U.S. Consumer Price Index rises 2.6% year-on-year in October
2024-11-14 00:58:00
The US Consumer Price Index for last month was released, showing a 2.6% increase compared to the same month last year. This is the first increase in seven months, and is 0.2 percentage points higher than the previous month.
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