Economic news(2024/12/02)
Adjustments are being made to extend the measure to expand the deduction amount for "corporate hometown tax donations"
2024-12-02 23:30:00
In next year's tax reform, the government and ruling parties are making adjustments to extend the special measures that expand the deduction amount for the "corporate hometown tax system," which reduces the tax burden of companies that donate to local governments with the aim of revitalizing regional areas.
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Volkswagen strikes in Germany - first major strike in six years
2024-12-02 22:55:00
The labor union representing Volkswagen, a German automobile giant, has been negotiating with the company over the first factory closure since the company was founded, but has announced that it has begun a strike in the country as no compromise has been made. This will be the first large-scale strike in six years.
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Himi, Toyama - Lodging costs subsidized with start of "Himi Support Discount" program
2024-12-02 20:48:00
In an effort to attract tourists, who have declined since the Noto Peninsula earthquake, Himi city in Toyama prefecture began offering a "Himi Support Discount" on the 2nd, in which the city subsidizes accommodation costs, and many guests visited the city from the first day.
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Kobayashi Pharmaceutical receives shareholder proposal from Hong Kong investment fund, including appointment of new outside directors
2024-12-02 19:17:00
Kobayashi Pharmaceutical Co. has revealed that it has received a shareholder proposal from a Hong Kong investment fund, which owns more than 7% of the company's shares, calling for a reinvestigation of a series of issues surrounding supplements containing red yeast rice ingredients and for the appointment of new outside directors.
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Volkswagen strikes in Germany over factory closures
2024-12-02 19:17:00
The labor union representing employees of German automobile giant Volkswagen has been negotiating with the company over factory closures and other issues, but as the company has not shown any signs of concession, it announced on the 2nd that it had begun a time-limited strike across Germany.
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Funai Electric Chairman opposes initiation of bankruptcy proceedings, applies for civil rehabilitation
2024-12-02 19:15:00
The chairman of Osaka-based home appliance manufacturer Funai Electric, which has received a decision from the court to start bankruptcy proceedings, said he opposed the start of the proceedings and filed for civil rehabilitation on the 2nd. This is an unusual development, as the company has already received a decision to start bankruptcy proceedings.
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Yen exchange rate: Small fluctuations
2024-12-02 18:31:00
On the 2nd, the yen fluctuated slightly against the dollar on the Tokyo foreign exchange market.
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Japan Association of Corporate Executives Proposes Abolition of "Category 3 Insured Person System" "Cause of Wage Disparity"
2024-12-02 18:17:00
Regarding the "income barrier," the Japan Business Federation has put together a proposal calling for the abolition of the "third-category insured person system," which allows the spouses of company employees to receive a basic pension without paying insurance premiums until they reach a certain annual income, on the grounds that it is a major factor in the wage gap between men and women.
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JR companies to end sales of round-trip and consecutive tickets in March of next year
2024-12-02 17:35:00
JR companies have announced that they will end sales of "round-trip tickets," paper tickets that offer discounted fares for long-distance travel on the same route, in March of next year.
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Stock price increase
2024-12-02 17:32:00
On the 2nd, in afternoon trading on the Tokyo Stock Exchange, buy orders were placed for many stocks, causing the Nikkei average to rise.
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Developing land-based aquaculture system using cutting-edge technology to sell to external businesses
2024-12-02 14:54:00
As more and more companies move into land-based fish farming, a system that uses cutting-edge technology to make it relatively easy to check information such as water temperature and to farm fish on smaller areas of land than before has been developed jointly by a major telecommunications company and aquaculture operators. The system will be sold to external businesses in the future.
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Domestic companies' operating profits for July to September fall below the same period last year for the first time in seven quarters
2024-12-02 12:17:00
According to the Financial Statements Statistics Survey released by the Ministry of Finance, the ordinary profits of domestic companies from July to September this year were just over 23 trillion yen, lower than the same period last year for the first time in seven quarters. This was due to the appreciation of the yen during the period, which pushed down profits in export industries such as automobiles.
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Stock prices rise slightly
2024-12-02 12:11:00
The Nikkei Stock Average ended morning trading on the Tokyo Stock Exchange on Monday, the 2nd, with a slight increase.
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DMM Bitcoin to transfer customer assets and discontinue operations after illegal leak
2024-12-02 11:02:00
DMM Bitcoin, a cryptocurrency exchange that was hit by the illegal leak of 48 billion yen worth of Bitcoin, has announced that it will transfer customer accounts and assets to an exchange under SBI Holdings by March 2025 and then cease operations.
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DMM Bitcoin to transfer customer assets following illegal leak by March next year
2024-12-02 10:09:00
Regarding the cryptocurrency exchange DMM Bitcoin, which was hit by the illegal leak of 48 billion yen worth of Bitcoin, it has been learned that an exchange under SBI Holdings will take over customer accounts and assets around March of next year.
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Domestic companies' operating profits for July to September fell 3.3% year-on-year
2024-12-02 09:00:00
According to the Ministry of Finance's Corporate Enterprise Statistics Survey, the operating profits of domestic companies from July to September this year were down 3.3% compared to the same period last year. Of this, manufacturing companies saw a 15.1% decrease, while non-manufacturing companies saw a 4.6% increase. In addition, capital investment by domestic companies increased 8.1% compared to the same period last year.
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New move by real estate companies to sell condominiums to people looking to live there rather than as an investment
2024-12-02 07:33:00
As apartment prices rise and transactions for investment and resale purposes increase, some real estate companies are making a new move to make properties more affordable for people who actually want to live in them.
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Six domestic semiconductor manufacturers jointly take new measures to secure human resources
2024-12-02 06:32:00
As the shortage of human resources in the semiconductor industry becomes an issue, Japanese semiconductor manufacturers such as Sony and Mitsubishi Electric have embarked on new measures, such as hosting events in collaboration with universities, to secure human resources.
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