Economic news(2024/11/15)
"Fuji Soft" acquisition proposal by US investment fund "KKR" to make second TOB
2024-11-15 21:50:00
Two American investment funds have made proposals to acquire the software giant Fujisoft, and one of them, KKR, has announced that it will raise the price per share to 9,451 yen and carry out a second tender offer. This is 1 yen higher than the planned purchase price of the rival fund, and attention is focused on how shareholders will decide.
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"Shoko Chukin Bank" to be privatized by 2025, government purchases shares held
2024-11-15 21:42:00
Shoko Chukin Bank, a government-affiliated financial institution aiming to be privatized by June 2025, has decided to participate in the bidding for and purchase the government-held shares.
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What to do about food expenses? With prices rising, the Engel coefficient has exceeded 30% in some months.
2024-11-15 20:57:00
The "Engel Coefficient," which indicates the proportion of food costs in household consumption expenditures, has risen to a high level, suggesting that rising food prices are putting pressure on households. The impact is felt in many places... Children's cafeterias are in some cases being forced to limit the number of reservations that users can make. We interviewed the site, which is being forced to take action.
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Life insurance companies leak information totaling more than 422,000 cases across 18 companies - Life Insurance Association
2024-11-15 18:45:00
Regarding the recent spate of leaks of customer information by employees seconded to agencies at life insurance companies, the Life Insurance Association of Japan revealed that as of the end of October, a total of more than 420,000 cases of information leaks had been confirmed at 18 companies, and called on each company to take measures to prevent recurrence.
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Shikoku large-scale blackout: Chairman of the Federation of Electric Power Companies of Japan: "Industry-wide efforts to prevent recurrence"
2024-11-15 18:34:00
Regarding the large-scale power outage that occurred across a wide area of Shikoku on the 9th of this month, Kingo Hayashi, chairman of the Federation of Electric Power Companies of Japan, which is made up of major electric power companies, said at a regular press conference on the 15th, "We would like to apologize for the great inconvenience caused to many customers," and expressed the industry's intention to work together to prevent a recurrence.
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What will happen to Trump trade with "Kakutora"? [Economics Column]
2024-11-15 18:32:00
The US presidential election was watched with bated breath by the whole world. As the lineup of Trump's next administration is gradually becoming clear, financial markets continue to see active Trump trades, transactions in anticipation of the realization of policies. And it's not just rising stock prices and a strong dollar (weak yen). What are the various Trump trades to watch going forward? When we looked into it, we found some surprising developments. (Economics Department, Enoshima Airi)
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President-elect Trump's remarks about additional tariffs raise concerns among companies around the world
2024-11-15 18:31:00
President-elect Trump calls himself a "tariff man." He made repeated remarks during the election campaign alluding to additional tariffs, claiming that it was to protect manufacturing and jobs in the United States. Concerns are spreading among companies. What will happen with the tariffs?
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"1.06 million yen barrier" - Labor and Welfare Ministry Council continues to consider wage requirements for employees' pension insurance
2024-11-15 18:21:00
The Ministry of Health, Labor and Welfare held a discussion at its council on the wage requirement for employees' pension insurance, which would eliminate the so-called "1.06 million yen barrier" if it were abolished. Although there were many opinions in favor of abolishing it, there were also opinions calling for careful consideration of the timing of its abolition, and it was decided to continue the discussion.
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The yen temporarily fell to the upper 156 yen range against the dollar, but there was a buying back movement.
2024-11-15 18:21:00
On the 15th, the Tokyo foreign exchange market saw a move to sell yen and buy dollars on the view that the pace of future interest rate cuts by the US Federal Reserve would slow down, and the yen temporarily fell to the high 156 yen range per dollar, but there were also moves to buy back yen afterwards.
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Government Tax Commission discusses retirement income tax, criticism mounts over tax system
2024-11-15 18:07:00
At a meeting of experts on the 15th, the Government Tax Commission discussed income tax on retirement benefits, with a number of calls being made for a review of the system that reduces taxation for those who work for the same company for a long time.
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What to do about food expenses? With prices rising, the Engel coefficient has exceeded 30% in some months.
2024-11-15 17:47:00
The "Engel Coefficient," which indicates the proportion of food costs in household consumption expenditures, has risen to a high level, suggesting that rising food prices are putting pressure on households. The impact is felt in many places... Children's cafeterias are in some cases being forced to limit the number of reservations that users can make. We interviewed the site, which is being forced to take action.
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Do pets also celebrate Shichi-Go-San?! I want to celebrate the growth of my beloved "family"...
2024-11-15 16:32:00
November 15th is Shichigosan. Some of you may have already visited a shrine or are planning to visit one soon. In fact, these days, Shichigosan isn't just for children to grow up. There are also more people praying for the growth of their beloved pets, and the number of places where this can be done is on the rise. Behind this lies a major social issue facing Japan. What exactly is it? First of all, what is Shichigosan for pets? We also interviewed people about some points to be aware of! (Good Morning Japan Directors Watanabe Daichi, Tani Keina, Ochiai Yosuke)
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Stock prices slightly increased
2024-11-15 16:28:00
On the 15th, the Nikkei average rose slightly on the Tokyo stock market as buy orders were placed mainly for export-related stocks in response to the yen's weakening in the foreign exchange market, while sell orders were also placed to secure short-term profits.
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Engel coefficient at high level, over 30% in August, highest since 2000, Ministry of Internal Affairs and Communications
2024-11-15 16:20:00
The Engel coefficient, which indicates the proportion of food expenses in household consumption expenditures, has risen to a high level.
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Unique points-accumulating service at post offices to begin on November 18th
2024-11-15 15:15:00
The Japan Post Group will begin a points-earning service at post offices nationwide from November. With the postal business continuing to run at a loss, the aim is to strengthen contact with customers.
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The forefront of “oshikatsu” - Turn your overflowing love for your favorite idol into a business opportunity!
2024-11-15 14:18:00
Do you have an oshi (favorite idol)? As oshikatsu, the practice of passionately supporting a person or character, becomes more and more popular, it is said that one in three people now has an oshi (favorite idol). In response, one railway company has launched a campaign in collaboration with artists and characters to turn travel time into an entertainment space. A Buddhist altar sales company is selling altars for worshiping oshi (favorite idols), and there is a growing movement to incorporate oshikatsu into business. We followed the front lines of the oshikatsu business. (Good Morning Japan Director Ariga Nao / Good Morning Japan Reporter Asada Haruna)
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Semiconductor materials giant JSR fires CTO for misappropriating company's expenses
2024-11-15 12:55:00
JSR, a major semiconductor materials manufacturer under the public-private fund Japan Investment Corporation, has revealed that it has dismissed the head of its research and development department for misappropriating more than 50 million yen in expenses for personal use.
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Stock prices rise, buy orders centered on export-related stocks
2024-11-15 12:22:00
On the 15th, the Tokyo stock market saw a rise in the Nikkei average as buying orders came in, particularly for export-related stocks, following the yen's weakening in the foreign exchange market.
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China's new home price index falls in 90% of major cities in October
2024-11-15 12:21:00
China's new home price index for October fell from the previous month in 63 of the country's 70 major cities, accounting for 90% of cities where the index fell, indicating that real estate prices continue to be sluggish.
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Real GDP growth rate from July to September: +0.9% on an annualized basis, positive for the second consecutive quarter
2024-11-15 11:38:00
GDP (gross domestic product) for the period from July to September this year grew at an annualized real rate of 0.9% compared to the previous three months, marking the second consecutive quarter of positive growth.
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Real GDP growth rate from July to September: +0.9% on an annualized basis, positive for the second consecutive quarter
2024-11-15 11:11:00
GDP (gross domestic product) for the period from July to September this year grew at an annualized real rate of 0.9% compared to the previous three months, marking the second consecutive quarter of positive growth.
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Stock prices temporarily rise by more than 500 yen, with purchase orders for export-related stocks
2024-11-15 09:47:00
On the 15th, the Nikkei average on the Tokyo Stock Exchange temporarily rose by more than 500 yen. In response to the yen's decline to the mid-156 yen range against the dollar in the foreign exchange market, buy orders were placed on export-related stocks, particularly automobiles, in the stock market.
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Real GDP growth rate from July to September: +0.9% on an annualized basis, positive for the second consecutive quarter
2024-11-15 08:55:00
The Cabinet Office announced that the real GDP (gross domestic product) growth rate for the July to September period of this year compared to the previous three months was 0.9% on an annualized basis, marking the second consecutive quarter of positive growth.
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Founding family of Seven & i Co. proposes delisting, seeks cooperation from megabanks
2024-11-15 05:25:00
Seven & i Holdings is currently receiving a takeover bid from a major overseas convenience store chain, and the founding family is proposing to take the company private, and has approached three megabanks for help in raising the necessary funds. However, the amount of funds needed is expected to be at least 6 trillion yen, and the banks are expected to carefully consider the matter while assessing whether the movement to cooperate with the delisting will become more widespread.
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