Economic news(2024/11/18)
Microsoft opens first research center in Tokyo
2024-11-18 18:28:00
On the 18th, American IT giant Microsoft opened its first research center in Japan in Tokyo. The center plans to conduct research and development on AI and robots that can perform complex tasks.
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Yen exchange rate rises by more than 1 yen, but the yen may temporarily weaken due to the Bank of Japan Governor's remarks
2024-11-18 18:26:00
On the 18th, the Tokyo foreign exchange market saw the yen weaken temporarily in the morning following comments made by Bank of Japan Governor Ueda in a speech, but thereafter, there was some movement to buy the yen, and it rose by more than 1 yen compared to the end of last week.
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Bank of Japan Governor to decide on interest rate hike: "Risk factors will be reviewed at each decision meeting"
2024-11-18 17:03:00
In a speech in Nagoya on the morning of the 18th, Bank of Japan Governor Ueda said that there is a high level of uncertainty surrounding the outlook for the economy and prices, and that trends in overseas economies such as the United States and domestic wage increases will be key to future developments. He indicated that when deciding on future interest rate hikes, the bank will carefully examine risk factors at each monetary policy meeting.
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[Oha Biz Commentary] The yen's depreciation accelerates again. How far will it go before market intervention occurs?
2024-11-18 16:39:00
The yen is weakening again. On November 15th, the yen temporarily fell to the upper 156 yen range against the dollar, the lowest level since late July this year. How far will the yen have to weaken before market intervention occurs? Oha Biz anchor Keiji Watanabe gives an explanation.
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Sukiya's beef bowl prices to increase by up to 50 yen due to rising rice prices
2024-11-18 16:04:00
Sukiya, the largest beef bowl chain, has announced that it will raise the price of its beef bowls by up to 50 yen from the 22nd of this month in response to rising rice prices.
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Stock prices fall by more than 400 yen as sell orders for semiconductor-related stocks surge
2024-11-18 16:01:00
On the Tokyo Stock Exchange on the 18th, sell orders increased for semiconductor-related stocks and other stocks, causing the Nikkei average to fall by more than 400 yen.
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[Live] Bank of Japan Governor Ueda's press conference
2024-11-18 13:47:00
In a speech in Nagoya on the morning of the 18th, Bank of Japan Governor Ueda said that there is a high degree of uncertainty surrounding the outlook for the economy and prices, and that trends in overseas economies such as the United States and domestic wage increases will be key going forward, and that the bank will carefully examine risk factors at each monetary policy meeting when deciding on future interest rate hikes. He also held a press conference in the afternoon.
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Microsoft opens first research center in Tokyo
2024-11-18 13:46:00
On the 18th, American IT giant Microsoft opened its first research center in Japan in Tokyo. The center plans to conduct research and development on AI and robots that can perform complex tasks.
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Yen weakens as yen selling trend spreads following comments by Bank of Japan Governor
2024-11-18 13:16:00
On the 18th, in the Tokyo foreign exchange market, comments made by Bank of Japan Governor Ueda in a speech led to a decline in views that an interest rate hike would be implemented soon, and the yen weakened after the speech.
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Stock prices fall due to the decline in major stock indexes on the New York market
2024-11-18 12:39:00
At the start of the week, the Tokyo stock market saw the Nikkei average fall, following the trend seen in the New York market last weekend, where all major stock indexes fell.
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Bank of Japan Governor to decide on interest rate hike: "Risk factors will be reviewed at each decision meeting"
2024-11-18 12:28:00
In a speech in Nagoya on the 18th, Bank of Japan Governor Ueda said that there is a high level of uncertainty surrounding the outlook for the economy and prices, and that trends in overseas economies such as the United States and domestic wage increases will be key to future developments. He indicated that the bank will carefully examine risk factors at each monetary policy meeting when deciding whether to raise interest rates in the future.
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Machinery orders in July-September decline for second consecutive quarter, basic assessment remains unchanged
2024-11-18 10:39:00
According to the Cabinet Office's Machinery Orders Statistics, which shows the outlook for capital investment by companies, the total amount of orders received by major machinery manufacturers from domestic companies from July to September this year, excluding the volatile shipbuilding and electricity industries, was 2.585 trillion yen. This was 1.3% lower than the previous three months, marking a decrease for the second consecutive quarter.
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Listed companies' interim financial results: Total net profits exceed last year's same period but growth rate shrinks
2024-11-18 07:37:00
The interim financial results for listed companies from April to September this year have been released almost completely, and due to the weak yen and other factors, the total final profits of companies increased by more than 8% compared to the same period last year. However, the profit growth rate has shrunk compared to last year, and the impact of the economic policies of the next US President Trump will be a focus in the future.
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Credit card touch payment becoming a new option for railroad companies
2024-11-18 07:36:00
Railroad companies are increasingly introducing touch payment using credit cards. The aim is to accommodate the growing number of foreign tourists, but it will also provide a new option for users of transportation IC cards, which is likely to lead to competition in service.
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Prime Minister Ishiba meets with Peruvian President "Oppose attempts to change the status quo by force"
2024-11-18 06:04:00
Prime Minister Ishiba, who is visiting Peru, met with President Bolarte and issued a joint statement in which the two countries expressed opposition to unilateral attempts to change the status quo through force or coercion, with Russia and China in mind, and stated that they would cooperate to strengthen the supply chain of mineral resources.
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