Economic news(2024/11/25)
Tokyo Labor Bureau investigates HIS subsidiary for allegedly fraudulently receiving employment adjustment subsidies
2024-11-25 20:46:00
HIS, a major travel agency, has revealed that a subsidiary of the company is under investigation by the Tokyo Labor Bureau for allegedly fraudulently receiving government employment adjustment subsidies. The company says it is investigating whether similar fraud has occurred within the group.
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Toshiba to sell subsidiary "Toshiba Materials" to "NGK Spark Plug Co., Ltd."
2024-11-25 20:38:00
Toshiba has decided to sell its group material manufacturer "Toshiba Materials" to "NGK Spark Plug Co., Ltd.", headquartered in Nagoya. The company plans to focus resources on social infrastructure projects and other areas, and to move forward with restructuring its operations.
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Japan and Morocco to sign memorandum of understanding to promote investment and trade in the automotive sector and other areas
2024-11-25 20:19:00
It has been learned that the Ministry of Economy, Trade and Industry is seeking to strengthen ties with Africa, a region that continues to experience economic growth, and will sign a new memorandum of understanding with the Moroccan government to promote investment and trade, particularly in the automotive sector.
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Government plans to target perovskite solar cells equivalent to 20 nuclear power plants by 2040
2024-11-25 20:06:00
In an effort to realize a decarbonized society, the government has officially announced a goal of widespread use of perovskite solar cells, the next generation of thin, light, and bendable solar cells, to the extent that they will generate power equivalent to 20 nuclear power plants by 2040.
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Big 4 life insurance companies' half-year results: Core profits significantly up compared to the same period last year
2024-11-25 19:53:00
In the financial results for the six months ending in September of this year, the four major life insurance companies saw their "core profits," which are the profits from their core business, rise significantly compared to the same period last year, due in part to the weak yen, which led to an increase in yen-converted interest on foreign bonds and dividends on stocks that they manage.
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Yen slightly up as dollar sells, yen buys following US Treasury Secretary appointment
2024-11-25 18:51:00
On Monday the 25th, the Tokyo foreign exchange market saw the yen rise slightly as investors sold dollars and bought yen following the appointment of US President-elect Trump as Treasury Secretary.
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[Details] What is the focus of next year's tax reform? How will it affect household finances?
2024-11-25 17:22:00
Discussions are underway for next year's tax reform. In addition to discussing the review of the "1.03 million yen annual income barrier," a wide range of discussions are expected to take place, including on systems familiar to everyday life such as mortgage tax breaks and gasoline tax breaks. We have summarized the focus of this tax reform.
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Department store sales in October fall below the same month last year for the first time in 2 years and 8 months
2024-11-25 17:13:00
Sales at department stores across the country in October fell for the first time in two years and eight months compared to the same month last year, as record-high temperatures led to sluggish sales of fall and winter clothing.
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Marumiya Foods Voluntarily Recalls "Kamameshi Seasoning" Due to Insect Contamination
2024-11-25 17:06:00
Marumiya Foods, a food manufacturer, has announced that it will voluntarily recall a product it sells as a "kamameshi base" after parts of an insect believed to be a cockroach were found to have been contaminated.
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Stock prices rise by more than 700 yen temporarily due to optimism about the US economy
2024-11-25 16:30:00
On the 25th, the Nikkei average rose on the Tokyo stock market as buy orders were placed for many stocks due to optimism about the US economy.
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Nikkei Stock Average Increases by More than 700 Yen as Dow Jones Industrial Average Hits New High
2024-11-25 09:59:00
On the Tokyo stock market on the 25th, the start of the week, optimistic views on the US economy led to many buy orders for many stocks, and the Nikkei average temporarily rose by more than 700 yen.
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Ministry of Land, Infrastructure, Transport and Tourism to revise system by making parking lots for cargo handling mandatory for high-rise apartments
2024-11-25 04:53:00
The Ministry of Land, Infrastructure, Transport and Tourism has decided to revise the system when local governments create ordinances in order to make it mandatory to provide parking spaces for handling luggage in tower apartment complexes and other locations that receive large volumes of delivery parcels.
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