Economic news(2024/11/26)
Toyota to postpone production of next-generation EV to mid-2027 to secure development time
2024-11-26 20:42:00
It has been revealed that Toyota Motor Corporation has postponed the start of production of its next-generation EV (electric vehicle), which was scheduled to be launched in 2026, to mid-2027. The aim is to secure a longer development period in order to adopt many new technologies.
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President-elect Trump announces tariffs on Mexican, Canadian and Chinese products
2024-11-26 19:21:00
The next president of the United States, Trump, has announced his intention to impose a 25% tariff on all products from Mexico and Canada until the inflow of crime and drugs from those countries is stopped. He also indicated his intention to impose an additional 10% tariff on Chinese products, making clear his intention to use tariffs as a bargaining chip to pressure other countries to take action.
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President-elect Trump announces tariffs on Mexican, Canadian and Chinese products
2024-11-26 18:53:00
The next president of the United States, Trump, has announced his intention to impose a 25% tariff on all products from Mexico and Canada until the inflow of crime and drugs from those countries is stopped. He also indicated his intention to impose an additional 10% tariff on Chinese products, making clear his intention to use tariffs as a bargaining chip to pressure other countries to take action.
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Yen exchange rate rises, volatile price movements following President-elect Trump's announcement of tariffs
2024-11-26 18:18:00
On the 26th, the Tokyo foreign exchange market saw volatile price movements after US President-elect Trump announced his intention to impose 25% tariffs on Mexico and Canada in addition to additional tariffs on China, resulting in the yen rising in value.
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President-elect Trump announces tariffs on Mexican, Canadian and Chinese products
2024-11-26 18:00:00
The next president of the United States, Trump, has announced his intention to impose a 25% tariff on all products from Mexico and Canada until the inflow of crime and drugs from those countries is stopped. He also indicated his intention to impose an additional 10% tariff on Chinese products, making clear his intention to use tariffs as a bargaining chip to pressure other countries to take action.
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President-elect Trump announces tariffs on Mexican, Canadian and Chinese products
2024-11-26 16:45:00
The next president of the United States, Trump, has announced his intention to impose a 25% tariff on all products from Mexico and Canada until the inflow of crime and drugs from those countries is stopped. He also indicated his intention to impose an additional 10% tariff on Chinese products, making clear his intention to use tariffs as a bargaining chip to pressure other countries to take action.
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Stock prices fall after President-elect Trump announces tariffs
2024-11-26 16:20:00
On the 26th, the Tokyo stock market saw a rise in sell orders and the Nikkei average fell after US President-elect Trump announced his intention to impose 25% tariffs on Mexico and Canada in addition to additional tariffs on China.
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FTC conducts on-site inspection of Amazon Japan over whether it forced sellers to lower prices
2024-11-26 16:14:00
It has been learned from interviews with related parties that the Japan Fair Trade Commission conducted an on-site inspection on the 26th on suspicion of violating the Antimonopoly Act by forcing online retailer Amazon Japan to lower prices and use the company's logistics services in order to display products in prominent locations on its online shopping site.
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Monthly economic report: "Some areas remain stagnant but the economy is recovering slowly" - basic assessment maintained
2024-11-26 16:04:00
In its monthly economic report for this month, the government maintained its basic assessment of the current economic situation, saying that "the economy is recovering slowly, although some areas remain sluggish."
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Prime Minister Ishiba: "We need cooperation to raise wages substantially in next year's spring labor offensive" at government-labor-management meeting
2024-11-26 15:29:00
At a government-labor-management meeting held by the government, the business community, and the labor community, Prime Minister Ishiba called for cooperation to ensure a significant wage increase in next year's spring labor offensive. He also instructed the relevant cabinet ministers to put together measures by next spring to achieve the goal of raising the minimum wage.
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Prime Minister Ishiba: "We need cooperation to raise wages substantially in next year's spring labor offensive" at government-labor-management meeting
2024-11-26 15:03:00
At a government-labor-management meeting held by the government, the business community, and the labor community, Prime Minister Ishiba called for cooperation to ensure a significant wage increase in next year's spring labor offensive. He also instructed the relevant cabinet ministers to put together measures by next spring to achieve the goal of raising the minimum wage.
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President-elect Trump announces tariffs on Mexican, Canadian and Chinese products
2024-11-26 12:46:00
The next president of the United States, Trump, has announced his intention to impose a 25% tariff on all products from Mexico and Canada until the inflow of crime and drugs from those countries is stopped. He also indicated his intention to impose an additional 10% tariff on Chinese products, making clear his intention to use tariffs as a bargaining chip to pressure other countries to take action.
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Stock prices temporarily fall by more than 700 yen after President-elect Trump announces tariffs
2024-11-26 12:19:00
On the 26th, the Tokyo stock market saw the Nikkei average temporarily fall by more than 700 yen as concerns about the future grew following US President-elect Trump's announcement of his intention to impose 25% tariffs on Mexico and Canada in addition to additional tariffs on China.
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FTC conducts on-site inspection of Amazon Japan over whether it forced sellers to lower prices
2024-11-26 11:28:00
It has been learned from interviews with related parties that the Japan Fair Trade Commission conducted an on-site inspection on the 26th on suspicion of violating the Antimonopoly Act by forcing online retailer Amazon Japan to lower prices and use the company's logistics services in order to display products in prominent locations on its online shopping site.
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Stock prices temporarily fall by more than 700 yen following Trump's announcement of tariffs
2024-11-26 10:26:00
On the 26th, the Nikkei Stock Average on the Tokyo Stock Exchange fell by more than 700 yen at one point.
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Stock prices temporarily fall by more than 600 yen following Trump's announcement of tariffs
2024-11-26 10:17:00
On the 26th, the Nikkei Stock Average on the Tokyo Stock Exchange fell by more than 600 yen at one point.
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The Dow Jones Industrial Average hits new record high as Trump's nomination for Treasury Secretary is met with positive reactions
2024-11-26 08:01:00
On the 25th, the New York stock market saw the Dow Jones Industrial Average rise to a new record high as the appointment of Treasury Secretary announced by US President-elect Trump was well received, spreading expectations for the future of the stock market and the US economy.
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Companies accelerate R&D to mass-produce "solid-state batteries" for electric vehicles
2024-11-26 05:37:00
Automakers are accelerating research and development into next-generation "solid-state" batteries, which will be able to significantly extend the driving range of electric vehicles (EVs). This includes verifying the production technologies required for mass production, with the aim of mass-producing these batteries in the second half of the 2020s.
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