Economic news(2024/11/22)
JR East unveils new Shinkansen maintenance vehicle, aiming for efficient inspections
2024-11-22 21:10:00
With safety improvements and labor shortages becoming issues, JR East has unveiled a new maintenance vehicle for its Shinkansen that can detect abnormalities in track facilities using cameras and lasers. The company aims to operate the new vehicle together with another vehicle introduced last year for more efficient inspections.
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[Details] The government decides on new economic measures with a scale of around 39 trillion yen
2024-11-22 20:45:00
At an extraordinary Cabinet meeting on the 22nd, the government decided on new economic measures with a scale of about 39 trillion yen, including private funding, with a focus on addressing rising prices. The government plans to submit a supplementary budget bill to the Diet in early December, aiming for it to be enacted by the end of the year.
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China announces that it will implement short-term visa exemption measures for Japanese nationals from the 30th
2024-11-22 20:34:00
The Chinese Ministry of Foreign Affairs announced that it will implement a measure to exempt Japanese nationals from short-term visa requirements when visiting China from November 30th. This will be the first time that visa exemptions have been implemented since March 2020, and the focus is on how much tourism and business visits will increase.
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[Details] The government decides on new economic measures with a scale of around 39 trillion yen
2024-11-22 20:07:00
At an extraordinary Cabinet meeting on the 22nd, the government decided on new economic measures with a scale of about 39 trillion yen, including private funding, with a focus on addressing rising prices. The government plans to submit a supplementary budget bill to the Diet in early December, aiming for it to be enacted by the end of the year.
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China announces that it will implement short-term visa exemption measures for Japanese nationals from the 30th
2024-11-22 19:53:00
The Chinese Ministry of Foreign Affairs announced that it will implement a measure to exempt Japanese nationals from short-term visa requirements when visiting China from November 30th. This will be the first time that visa exemptions have been implemented since March 2020, and the focus is on how much tourism and business visits will increase.
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Yen exchange rate: Small price movements. Yen buying temporarily advances, but dollar buying prevails.
2024-11-22 19:49:00
On the 22nd, the yen fluctuated little on the Tokyo foreign exchange market.
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What is the aim of the Seven & i acquisition? [Details in Q&A]
2024-11-22 19:33:00
On the 21st, Alain Bouchard, chairman of Alimentation Couche-Tard, a major Canadian convenience store chain that has made a takeover proposal to Seven & i Holdings, and Alex Miller, president and CEO, gave interviews to NHK and other media outlets, where they discussed the purpose of the takeover. We will go into more detail in the Q&A.
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Basic Energy Plan to be revised: Keidanren proposes maximum use of nuclear power
2024-11-22 19:22:00
As discussions are reaching their final stages toward revising the Basic Energy Plan, which serves as the framework for Japan's electricity policy, the Japan Business Federation (Keidanren) has submitted a proposal to Economy, Trade and Industry Minister Muto calling for the maximum utilization of nuclear power plants, as well as the restarting of reactors and the construction of new plants.
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[Breaking News] The government decides on new economic measures with a scale of around 39 trillion yen
2024-11-22 19:11:00
At an extraordinary Cabinet meeting on the 22nd, the government decided on new economic measures with a scale of about 39 trillion yen, including private funding, with a focus on addressing rising prices. The government plans to submit a supplementary budget bill to the Diet in early December, aiming for it to be enacted by the end of the year.
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October Consumer Price Index up 2.3% from the same month last year Rice and chocolate expensive
2024-11-22 18:53:00
The Consumer Price Index for October looks at the price movements of goods and services consumed at home. According to the Ministry of Internal Affairs and Communications, the index, which excludes fresh food, which is highly volatile due to weather, was 108.8, with the 2020 average at 100, up 2.3% from the same month last year. Of this, "rice" rose by more than 58%, the largest increase to date. "Chocolate" also rose.
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October supermarket sales down 1.3% compared to the same month last year, clothing sales sluggish
2024-11-22 18:50:00
Sales at major supermarkets across the country in October were down 1.3% compared to the same month last year, due to the many hot days and sluggish sales of autumn and winter clothing.
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[Breaking News] The government decides on new economic measures with a scale of around 39 trillion yen
2024-11-22 18:17:00
At an extraordinary Cabinet meeting on the 22nd, the government decided on new economic measures with a scale of about 39 trillion yen, including private funding, with a focus on addressing rising prices. The government plans to submit a supplementary budget bill to the Diet in early December, aiming for it to be enacted by the end of the year.
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Kioxia Holdings to list on December 18th - Will this lead to increased competitiveness?
2024-11-22 18:12:00
Kioxia Holdings, a global leader in semiconductors and flash memory, announced on the 22nd that it had received approval for listing from the Tokyo Stock Exchange and would list its shares on December 18th. The focus is on whether the funds raised through the listing will enable Kioxia to make capital investments and strengthen its competitiveness.
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Mitsubishi UFJ Bank branch manager steals from safe deposit box, damages over 1 billion yen, damages about 60 people
2024-11-22 18:10:00
Mitsubishi UFJ Bank, one of the megabanks, announced that a manager working at a branch opened a safe deposit box at the branch without permission and stole valuables worth over 1 billion yen. The number of victims is said to be about 60 people, and the bank is working quickly to provide compensation.
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Chairman of Canadian company that proposed to take over Seven & i: "We are not considering a hostile takeover"
2024-11-22 18:02:00
On the 21st, the CEO of a major Canadian convenience store chain that is making a takeover proposal to Seven & i Holdings said in an interview with NHK and other media that "we are not considering a hostile takeover." The founding family of Seven & i has proposed taking the company private through a takeover as a countermeasure, but this shows their willingness to go ahead with the current proposal of 7 trillion yen.
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December? January? Additional interest rate hikes - What is Governor Ueda's message? [Economics Column]
2024-11-22 17:34:00
Bank of Japan Governor Ueda gave two speeches this week. Four months have passed since the last interest rate hike, and market participants were on edge, expecting him to send out some kind of message about the timing of further interest rate hikes. Will the next rate hike be in December, or January? We will analyze whether there were any hints in the Governor's remarks. (Economics reporter Sasaki Yusuke)
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Nuclear power generation share of domestic electricity generation last year increased to 8.5% - METI
2024-11-22 16:30:00
The Ministry of Economy, Trade and Industry announced the amount of electricity generated in Japan last fiscal year, showing that the proportion of nuclear power generation increased by 2.9 percentage points from the previous fiscal year to 8.5%.
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70% of honeymoons are domestic, likely due to weak yen, survey on November 22nd's "Good Couples Day"
2024-11-22 16:16:00
November 22nd is "Good Couple Day." A private survey has revealed that about 70% of people who went on honeymoons within a year of getting married went domestically, and the company that conducted the survey analyzed that domestic honeymoons are becoming the norm due to the weak yen.
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Stock prices rise as US economy remains stable Buy orders for many stocks
2024-11-22 16:15:00
On the Tokyo stock market on the 22nd, the Nikkei average rose as buy orders were placed for many stocks due to the view that the US economy was solid.
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Chairman of Canadian company that proposed to take over Seven & i: "We are not considering a hostile takeover"
2024-11-22 15:55:00
On the 21st, the CEO of a major Canadian convenience store chain that is making a takeover proposal to Seven & i Holdings said in an interview with NHK and other media that "we are not considering a hostile takeover." The founding family of Seven & i has proposed taking the company private through a takeover as a countermeasure, but this shows their willingness to go ahead with the current proposal of 7 trillion yen.
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[Updated regularly] New economic measures to be decided today, worth 39 trillion yen
2024-11-22 15:46:00
The government will decide on new economic measures on the 22nd, with a focus on addressing rising prices. Prime Minister Ishiba has announced that the new economic measures will be worth 39 trillion yen. We will provide updates on today's developments as they occur.
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Chairman of Canadian company that proposed to take over Seven & i: "We are not considering a hostile takeover"
2024-11-22 15:04:00
On the 21st, the CEO of a major Canadian convenience store chain that is making a takeover proposal to Seven & i Holdings said in an interview with NHK and other media that "we are not considering a hostile takeover." The founding family of Seven & i has proposed taking the company private through a takeover as a countermeasure, but this shows their willingness to go ahead with the current proposal of 7 trillion yen.
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Nordic EV battery maker files for bankruptcy as EV demand in Europe falls
2024-11-22 14:58:00
A new Nordic manufacturer of batteries for electric vehicles (EVs) has filed for Chapter 11 bankruptcy protection in the United States, where it is based. The impact of the decline in demand for EVs in Europe is spreading to related industries.
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[Updated regularly] New economic measures to be decided today, including measures to deal with rising prices
2024-11-22 14:27:00
The government will decide on new economic measures on the 22nd, with a focus on addressing rising prices. Prime Minister Ishiba has announced that the new economic measures will be worth 39 trillion yen. We will provide updates on today's developments as they occur.
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[Updated regularly] New economic measures to be decided today, including measures to deal with rising prices
2024-11-22 12:27:00
The government will decide on new economic measures on the 22nd, with a focus on addressing rising prices. Prime Minister Ishiba has announced that the new economic measures will be worth 39 trillion yen. We will provide updates on today's developments as they occur.
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Stock prices rise due to the rise in major stock indexes in the New York market
2024-11-22 12:20:00
Following the rise in major stock indexes on the Tokyo stock market on the 22nd and on the New York market on the 21st, buy orders were placed for a wide range of stocks, causing the Nikkei average to rise.
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Chairman of Canadian company that proposed to take over Seven & i: "We are not considering a hostile takeover"
2024-11-22 12:20:00
On the 21st, the CEO of a major Canadian convenience store chain that is making a takeover proposal to Seven & i Holdings said in an interview with NHK and other media that "we are not considering a hostile takeover." The founding family of Seven & i has proposed taking the company private through a takeover as a countermeasure, but this shows their willingness to go ahead with the current proposal of 7 trillion yen.
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Chairman of Canadian company that proposed to take over Seven & i: "We are not considering a hostile takeover"
2024-11-22 12:13:00
On the 21st, the CEO of a major Canadian convenience store chain that is making a takeover proposal to Seven & i Holdings said in an interview with NHK and other media that "we are not considering a hostile takeover." The founding family of Seven & i has proposed taking the company private through a takeover as a countermeasure, but this shows their willingness to go ahead with the current proposal of 7 trillion yen.
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[Updated regularly] New economic measures to be decided today, including measures to deal with rising prices
2024-11-22 12:05:00
The government will decide on new economic measures on the 22nd, with a focus on addressing rising prices. These measures include the resumption of subsidies for electricity and gas fees and grants to households not subject to resident tax, and the supplementary budget for this fiscal year, which will support the measures, is expected to allocate around 13.9 trillion yen from the general account.
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[Updated regularly] New economic measures to be decided today, including measures to deal with rising prices
2024-11-22 11:13:00
The government will decide on new economic measures on the 22nd, with a focus on addressing rising prices. These measures include the resumption of subsidies for electricity and gas fees and grants to households not subject to resident tax, and the supplementary budget for this fiscal year, which will support the measures, is expected to allocate around 13.9 trillion yen from the general account.
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October Consumer Price Index rises 2.3% from the same month last year due to rising rice prices
2024-11-22 10:52:00
According to the Ministry of Internal Affairs and Communications, last month's consumer price index, which tracks price movements of goods and services consumed at home and excludes fresh food, which is highly variable due to weather, was 108.8, with the 2020 average set at 100, up 2.3% from the same month last year.
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70% of honeymoons are domestic, likely due to weak yen, survey on November 22nd's "Good Couples Day"
2024-11-22 10:18:00
November 22nd is "Good Couple Day." A private survey has revealed that about 70% of people who went on honeymoons within a year of getting married went domestically, and the company that conducted the survey analyzed that domestic honeymoons are becoming the norm due to the weak yen.
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Volkswagen union prepares to start strike as negotiations fail
2024-11-22 09:34:00
German car giant Volkswagen was unable to bridge the gap in opinions with its labor union over the closure of a factory, the first of its kind since the company was founded, and the union has decided to proceed with preparations for a strike starting next month.
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October Consumer Price Index up 2.3% from the same month last year
2024-11-22 08:39:00
The Consumer Price Index for October, which tracks the price movements of goods and services consumed at home and excludes fresh food, which is highly affected by weather, rose 2.3% from the same month last year. The rate of increase was 0.1 percentage point lower than the 2.4% increase in September this year.
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Government to decide on new economic measures today, with measures to tackle rising prices as key pillars
2024-11-22 06:04:00
The government will decide on new economic measures on the 22nd, with a focus on addressing rising prices. These measures include the resumption of subsidies for electricity and gas fees and grants to households not subject to resident tax, and the supplementary budget for this fiscal year, which will support the measures, is expected to allocate around 13.9 trillion yen from the general account.
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New nationwide public-private partnership to be launched to eliminate "transportation gaps"
2024-11-22 01:05:00
As the abolition of local railway and bus routes becomes an issue all over the country, a new nationwide organization will be launched to bring together the public and private sectors in order to eliminate "transportation gaps" where it is difficult to secure transportation.
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