Economic news(2024/11/21)
Nissan accepts early retirement offer in the U.S. following deteriorating performance
2024-11-21 22:04:00
In response to deteriorating business performance, Nissan Motor Co., Ltd. has announced that approximately 1,000 local employees, or 6% of the total workforce, are expected to retire early in the US.
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Yen temporarily rises to the 154 yen range against the dollar due to Russian ICBM launch
2024-11-21 19:40:00
On the 21st, in the London foreign exchange market, following reports that the Russian military had launched an intercontinental ballistic missile (ICBM) in its attack on eastern Ukraine, there was a move to buy the yen, which is considered a relatively safe asset, in an attempt to avoid risk, and the yen temporarily rose to the low 154 yen range per dollar.
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Bank of Japan Governor Ueda: "Policy decisions will be made after assessing upcoming economic indicators"
2024-11-21 18:34:00
With market attention focused on whether the Bank of Japan will decide to raise interest rates further at its monetary policy meeting next month, Governor Ueda stated at an event held in Tokyo on the 21st that there is about a month until the meeting, and reiterated his intention to make policy decisions after assessing the content of economic indicators to be released in the future.
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Government adjusts size of new economic measures to around 21.9 trillion yen. What are the main contents?
2024-11-21 18:34:00
The government has begun making adjustments to set fiscal spending for the new economic measures it will soon compile at around 21.9 trillion yen, of which around 13.9 trillion yen will come from the national general account.
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Yen exchange rate volatile price movements
2024-11-21 18:33:00
On the 21st, the Tokyo foreign exchange market was volatile, with the yen briefly rising sharply in the afternoon as some investors speculated that the Bank of Japan may implement an additional interest rate hike as early as next month.
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Beaujolais Nouveau ban lifted, retailers keep prices unchanged
2024-11-21 18:16:00
Sales of the new French wine "Beaujolais Nouveau" were lifted on the 21st. Although procurement costs have risen due to factors such as the weak yen, retailers and importers are trying to keep prices the same in order to attract consumers.
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US Department of Justice asks Google to sell Chrome business
2024-11-21 17:42:00
In order to end the market monopoly of IT giant Google, the U.S. Department of Justice has submitted a proposal for corrective measures to the court, calling for the sale of Google's internet browsing software business, among other things.
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Government adjusts new economic stimulus package to around 21.9 trillion yen
2024-11-21 16:58:00
The government has begun making adjustments to set fiscal spending for the new economic measures it will soon compile at around 21.9 trillion yen, of which around 13.9 trillion yen will come from the national general account.
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Nippon Life Insurance to raise insurance yields for the first time in 40 years; could similar moves spread?
2024-11-21 16:57:00
With interest rates expected to rise, Nippon Life Insurance, the largest life insurance company in Japan, has decided to raise the interest rates on insurance and annuity insurance contracts signed from next year onwards. This is the first increase in 40 years, and attention is focused on whether this move by the largest company will lead to similar movements spreading further within the industry.
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Nomura Securities to include "crimes against customers" in business risks in report
2024-11-21 16:45:00
Following the incident in which a former Nomura Securities employee was indicted on charges of attempted murder and robbery and arson, it was revealed that the company had included "criminal acts against customers" as a risk that could adversely affect its business in an investor report published this month.
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Japanese clinics promote medical inbound tourism from China
2024-11-21 16:37:00
An international exhibition on medical tourism was held in China, where Japanese clinics and other businesses promoted their cutting-edge medical services in an effort to expand inbound medical tourism.
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Stock prices fall as yen strengthens, leading to sell orders for export-related stocks
2024-11-21 16:16:00
On the 21st, the Nikkei average fell on the Tokyo stock market as sell orders were placed on export-related stocks following the yen's strengthening in the foreign exchange market.
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Beaujolais Nouveau ban lifted, retailers keep prices unchanged
2024-11-21 14:46:00
Sales of the new French wine "Beaujolais Nouveau" were lifted on the 21st. Although procurement costs have risen due to factors such as the weak yen, retailers and importers are trying to keep prices the same in order to attract consumers.
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Toyota submits improvement measures to the Ministry of Land, Infrastructure, Transport and Tourism for over 110,000 vehicles, including the Corolla
2024-11-21 14:35:00
Toyota Motor Corporation has filed a recall-like improvement plan with the Ministry of Land, Infrastructure, Transport and Tourism for over 110,000 vehicles, citing a flaw in the brake control program of three models, including the Corolla, that could cause the brakes to become less effective.
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Kioxia Holdings to list in mid-December - Will this lead to increased competitiveness?
2024-11-21 14:02:00
Kioxia Holdings, a global leader in semiconductors and flash memory, is expected to list its shares in mid-December. The IPO has been postponed several times, but the focus is on whether the funds raised through this IPO will enable the company to make capital investments and strengthen its competitiveness.
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Stock prices fall as yen strengthens, leading to sell orders for export-related stocks
2024-11-21 13:53:00
On the 21st, the Nikkei average fell on the Tokyo stock market as sell orders were placed on export-related stocks due to the yen strengthening somewhat in the foreign exchange market.
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US automaker Ford to cut about 4,000 jobs
2024-11-21 10:58:00
Ford, a major American automaker, has announced that it will cut about 4,000 employees over the next three years, mainly in Germany and the UK. The reason for this is the decline in demand for electric vehicles in Europe.
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Government adjusts new economic stimulus package to around 21.9 trillion yen
2024-11-21 10:08:00
The government has begun making adjustments to set fiscal spending for the new economic measures it will soon compile at around 21.9 trillion yen, of which around 13.9 trillion yen will come from the national general account.
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NVIDIA sees increased revenue and profits in third-month financial results as demand for AI semiconductors surges
2024-11-21 07:23:00
Nvidia, a major American semiconductor manufacturer that produces semiconductors for generative AI, reported increased revenue and profits for the three months to October.
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