This page is the news announced by NHK, a representative TV station in Japan.

Economic news(2024/11/27)


Kyoto   Hakone

Exhibiting the latest technology on the theme of "flour" - from flour to nonwoven fabric, texture assessment, etc.

2024-11-27 22:16:00
An exhibition showcasing the latest products and technologies focusing on "powders" used in food, cosmetics, etc. began in Tokyo on the 27th.

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Marubeni's Managing Director Akiyuki Omoto promoted to president; Omoto "Keeping a close eye on U.S. policy shifts"

2024-11-27 22:05:00
Marubeni, a major trading company, announced that Managing Director Akiyuki Omoto will be promoted to president in April 2025. Omoto indicated that he would carefully assess the impact that policy shifts by U.S. President-elect Trump would have on the company's business.

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Chinese Vice Premier meets with Kansai business delegation and expresses intention to fully cooperate with Expo

2024-11-27 22:01:00
He Lifeng, China's Vice Premier in charge of economic policy, met with a delegation from the Kansai business community and expressed China's intention to fully cooperate with the 2025 Osaka-Kansai Expo, including by sending a government delegation.

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Some coal-fired power plants to be shut down in spring and autumn from next year JERA

2024-11-27 20:50:00
In an effort to reduce carbon dioxide emissions, JERA, Japan's largest power generation company, has announced that starting next year it plans to shut down some of its coal-fired power plants for periods in the spring and autumn when electricity demand is relatively low.

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The three major beer companies will raise prices of beer and other products by up to 10% from April next year

2024-11-27 20:10:00
In response to rising prices of materials such as aluminum and logistics costs, the three major beer companies have announced that they will raise the prices of beer, canned chuhai, and other products by up to 10% from April next year.

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Bank of Japan's valuation losses on government bonds rise to more than 13 trillion yen, the largest ever, due to interest rate hike

2024-11-27 19:54:00
It has become clear that the valuation losses on government bonds purchased by the Bank of Japan under its large-scale monetary easing policy have expanded to over 13 trillion yen as of the end of September this year. This is due to the fall in government bond prices caused by interest rate hikes, and the amount of the valuation losses is the largest since comparable data became available in fiscal 2004.

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Draft final report allows public-private fund with huge losses to continue operating after review

2024-11-27 19:06:00
A committee of experts that has been examining the future of JOIN, a public-private fund that supports the overseas expansion of infrastructure, has compiled a draft final report that would allow the fund to continue in existence after a fundamental review of its management.

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Tax reform next year: Tax exemption system for foreign visitors to Japan to abolish purchase limits

2024-11-27 19:04:00
The government and ruling parties are planning to revise the consumption tax exemption system for foreign visitors to Japan to a system where the tax is refunded when they leave the country, and it has been learned that they are considering including abolishing the 500,000 yen purchase limit in next year's tax reform.

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The yen rises by more than 2 yen to reach the upper 151 yen range against the dollar.

2024-11-27 18:29:00
On the 27th, the Tokyo foreign exchange market saw the yen rise by more than 2 yen as investors bought the relatively safe yen and sold the dollar due to concerns over the tariff policies of US President-elect Trump.

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Japan Fair Trade Commission to ask sellers to provide information in Amazon review

2024-11-27 17:57:00
The Fair Trade Commission announced on the 26th that it had begun an investigation into suspected violations of the Antimonopoly Act, including by conducting on-site inspections of the major online retailer Amazon Japan, citing suspicions that the company has forced sellers to lower their sales prices. The Commission also announced that it will conduct an online survey of sellers to get to the bottom of the situation.

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Kansai business delegation holds promotional event for Osaka-Kansai Expo in Beijing

2024-11-27 16:19:00
A delegation from the Kansai business community held a promotional event in China's capital, Beijing, for the Osaka-Kansai Expo to be held next year, and called on Chinese travel industry representatives to visit Japan and the Expo.

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Stock prices fall. Sell orders for a wide range of stocks due to the appreciation of the yen.

2024-11-27 16:10:00
On the Tokyo Stock Exchange on the 27th, the Nikkei Stock Average fell as sell orders were placed on a wide range of stocks in response to the yen's appreciation against the yen.

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Why does Trump target "friendly" country Canada with tariffs? [Explanation]

2024-11-27 14:38:00
The next president of the United States, Trump, has announced his intention to impose a 25% tariff on all products from Mexico and Canada. Trump has made it clear that he will use tariffs as a bargaining chip to pressure other countries to take action. We will decipher the message behind this. Oha Biz anchor Keiji Watanabe provides commentary.

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The yen rose by more than 1 yen to the mid-152 yen range against the dollar at one point.

2024-11-27 12:36:00
On the 27th, the Tokyo foreign exchange market saw the yen rise by more than 1 yen as there was a widespread trend of buying yen and selling dollars due to concerns that trade frictions may intensify following US President-elect Trump's indication of his intention to raise tariffs.

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Stock prices fall. Sell orders for a wide range of stocks due to the appreciation of the yen.

2024-11-27 12:35:00
On the Tokyo Stock Exchange on the 27th, the Nikkei Stock Average fell as sell orders were placed on a wide range of stocks in response to the yen's appreciation against the yen.

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JAL Group companies to implement quarantine inspections to streamline agricultural export procedures

2024-11-27 12:25:00
As demand for Japanese agricultural products increases overseas, in an effort to streamline export procedures, quarantine inspections of vegetables and other products at a market adjacent to Narita Airport, which had previously been carried out by government agencies, will now be carried out by a Japan Airlines group company from December.

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Federal Reserve Board releases meeting minutes: "It is appropriate to proceed with rate cuts over time"

2024-11-27 08:42:00
Minutes of the November meeting at which the Federal Reserve Board, the US central bank, decided to cut interest rates for the second consecutive time have been made public, revealing that participants expressed the view that "it would be appropriate to proceed with interest rate cuts over a period of time" in regard to the outlook for future monetary policy.

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Sumitomo Corporation and others considering participating in bid for shares in Seven & i Holdings' intermediate holding company

2024-11-27 06:05:00
Seven & i Holdings is looking to sell some of its shares in an intermediate holding company that manages businesses other than convenience stores, and it has been revealed that major trading company Sumitomo Corp. and American investment funds are considering participating in the bidding process. The bidding will close on the 28th, and Seven & i plans to move forward with selecting a buyer.

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AI-based autonomous driving assistance also advances technological development for "delay-free information transmission"

2024-11-27 05:18:00
In order to support autonomous driving using AI and to process large amounts of information, technological development is underway to transmit information without delay using mobile phone base stations and optical communication networks.

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Used smartphone market expands, sales volume expected to reach record high for sixth consecutive year

2024-11-27 05:13:00
As smartphone prices continue to rise, the market is expanding with the increasing number of second-hand smartphones being sold with quality guaranteed by the manufacturers.

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Kyoto   Mt.Fuji


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