Economic news(2024/12/03)
Hong Kong fund seeks lawsuit against Kobayashi Pharmaceutical for more than 10 billion yen from former chairman
2024-12-03 23:45:00
Following a series of problems surrounding supplements containing red yeast rice ingredients, it has been revealed that Kobayashi Pharmaceutical has received a demand from a Hong Kong investment fund, which owns more than 7% of the company's shares, to file a lawsuit against the company's former chairman, who is from the founding family, and others seeking more than 10 billion yen in damages.
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Agreement reached to increase next year's fishing quota for large bluefin tuna off the coast of Japan by 1.5 times
2024-12-03 20:59:00
An international conference to discuss resource management of bluefin tuna in the Pacific Ocean was held in Fiji in the South Pacific, and it was agreed that the catch quota for large bluefin tuna in the western and central Pacific Ocean, including the waters off Japan, will be increased by 1.5 times next year.
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Ehime's buses approved for Level 4 self-driving service, first in Japan
2024-12-03 20:08:00
A bus operating in Ehime Prefecture has been approved as a Level 4 vehicle capable of fully autonomous driving under certain conditions. If it begins full-scale operation as a route bus in the future, it is expected to be the first in the country.
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Nomura Securities holds press conference to apologize following ex-employee incident, voluntarily gives up executive compensation
2024-12-03 19:33:00
Following the indictment of a former employee of Nomura Securities on charges of attempted murder and robbery and arson, the company announced that 10 of its executives would voluntarily give up their executive compensation to clarify responsibility. President Kentaro Okuda apologized at a press conference, saying, "This is something that should never happen to a financial institution, and we take it very seriously," but said he was not considering resigning.
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Christmas gift trends, budgets, and popular toy presentations
2024-12-03 19:05:00
A presentation of toys for the Christmas season that are attracting attention this year was held in Tokyo on December 3rd. There were toys equipped with AI, toys with communication functions, and the latest versions of toys that were hits during the Showa and Heisei eras. Children's requests, the impact of rising prices, and the worries of Santa Claus seem to never end every year.
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Tokyo Bay Aqua-Line new fare plan from next year: up to double on weekend afternoons
2024-12-03 18:37:00
Regarding the Tokyo Bay Aqua-Line, which connects Chiba and Kanagawa prefectures, a variable toll system has been introduced on a trial basis to alleviate congestion, Chiba Prefecture has proposed raising the toll by up to twice the normal amount from fiscal 2025 on particularly congested holiday afternoons.
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Yen exchange rate rises slightly
2024-12-03 18:16:00
On the 3rd, the yen rose slightly on the Tokyo foreign exchange market.
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Agreement expected to be reached on 1.5 times next year's fishing quota for large bluefin tuna in Japan and other waters
2024-12-03 18:08:00
An international conference to discuss resource management for bluefin tuna in the Pacific Ocean is being held in Fiji in the South Pacific, and it is expected to agree to increase next year's fishing quota for large bluefin tuna in the western and central Pacific Ocean, including the waters off Japan, by 1.5 times the current amount.
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Keidanren and Shikoku business leaders work to create an environment where diverse talent can thrive
2024-12-03 17:48:00
Representatives from the Japan Business Federation and the Shikoku business community met in Tokushima City and agreed to create an environment in which diverse talent, including women and foreigners, can thrive in order to combat population decline and strengthen industrial competitiveness.
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Funai Electric's holding company also files for bankruptcy, court issues protective management order
2024-12-03 17:32:00
Regarding Funai Electric, an Osaka-based home appliance manufacturer that has received a court decision to start bankruptcy proceedings, it has been revealed that a bankruptcy petition has also been filed for its holding company, and that the court has issued a protective administration order to preserve the company's assets.
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First pressing of sake developed by the proprietresses of a ryokan in Awara Onsen, Fukui
2024-12-03 17:18:00
The first pressing of a sake variety developed by the proprietresses of a traditional Japanese inn in Awara Onsen, Fukui Prefecture, took place on the 3rd, and the quality of the new sake was confirmed.
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Stock prices rise by more than 700 yen Buy orders for a wide range of stocks including semiconductor-related stocks
2024-12-03 16:58:00
On the 3rd, the Tokyo Stock Exchange saw a surge in buy orders for a wide range of stocks, including semiconductor-related stocks, and the Nikkei average rose by more than 700 yen from the 2nd.
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"Dish of the Year" is "eel" due to expansion of chain stores and diverse product development
2024-12-03 16:44:00
"Eel" was chosen as the "Dish of the Year" to select a food that reflects the current social climate. The reasons cited include the expansion of chain restaurants offering eel at reasonable prices and the diversification of how it is served.
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Stock prices temporarily rise by more than 900 yen. Buying orders mainly for export-related stocks
2024-12-03 13:56:00
On the 3rd, the Tokyo Stock Exchange's Nikkei average expanded its gains in the afternoon, temporarily rising by more than 900 yen. In addition to the rise in tech-related stocks in the New York market on the 2nd due to expectations for the future of the US economy, the yen's depreciation in the afternoon led to buying orders mainly for export-related stocks, resulting in an almost across-the-board rise.
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Stock prices rise by more than 800 yen, mainly semiconductor-related buy orders
2024-12-03 13:00:00
On the 3rd, the Tokyo Stock Exchange's Nikkei Stock Average expanded its gains in the afternoon, rising by more than 800 yen. Due to expectations for the future of the US economy, the major stock indexes "Nasdaq" and "S&P 500" in the New York market on the 2nd reached new highs. Following this trend, buy orders are being placed on a wide range of stocks in the Tokyo market, mainly semiconductor-related stocks.
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Large-scale business meeting held in Tokyo to expand sales channels for small and medium-sized enterprises, with special booths for Hokuriku
2024-12-03 12:45:00
As raw material prices and other factors continue to rise, a large-scale business meeting was held in Tokyo with the aim of helping small and medium-sized enterprises across the country expand their sales channels.
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Nikkei average stock price rises by more than 600 yen, semiconductor-related and other buying orders
2024-12-03 12:15:00
On the 3rd, the Tokyo stock market saw buying orders mainly for semiconductor-related stocks, following the trend of rising tech-related stock prices on the New York market on the 2nd, and the Nikkei average rose by more than 600 yen.
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Japan Display to partner with Taiwanese manufacturer to turn around business
2024-12-03 11:54:00
Japan Display, a liquid crystal panel manufacturer that has posted a net loss for 10 consecutive years up until last year, has announced that it will partner with a Taiwanese liquid crystal panel manufacturer to advance mass production of in-vehicle panels using next-generation organic electroluminescence (EL) technology that reduces power consumption. The company hopes to turn its business around by expanding the uses of its proprietary technology.
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Minister of Internal Affairs and Communications asks company to confirm facts regarding malfunction of LINE album function
2024-12-03 11:49:00
Regarding the glitch that occurred in LINE's album function that caused images of other users to be displayed, Minister of Internal Affairs and Communications Murakami revealed at a press conference after the Cabinet meeting on the 3rd that he had asked the company to confirm the facts, and expressed his intention to prevent recurrence based on the report from the company.
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Nikkei average stock price temporarily rises by more than 600 yen, semiconductor-related and other buying orders
2024-12-03 10:50:00
On the 3rd, the Nikkei average rose by more than 600 yen at one point in the Tokyo Stock Exchange. Due to expectations for the future of the American economy, the major stock price indexes "Nasdaq" and "S&P 500" in the New York market on the 2nd reached new highs, and following this trend, buy orders were placed on a wide range of stocks, mainly semiconductor-related stocks, in the Tokyo market.
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Nikkei average stock price temporarily rises by more than 500 yen, semiconductor-related and other buying orders
2024-12-03 09:27:00
On the 3rd, the Nikkei average rose by more than 500 yen at one point in the Tokyo Stock Exchange. Due to expectations for the future of the US economy, the major stock indexes "Nasdaq" and "S&P 500" in the New York market on the 2nd reached new highs, and following this trend, buying orders are spreading in the Tokyo market, mainly for semiconductor-related stocks.
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Nasdaq stock index reaches new record high, tech-related stocks and other purchase orders
2024-12-03 08:03:00
On the 2nd, the New York stock market saw a rise in buying orders, especially for technology-related stocks, and the Nasdaq stock index and other indexes hit new record highs.
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Financial Services Agency to amend law to prohibit insurance companies from using services of contracted companies
2024-12-03 06:29:00
In response to a series of problems in the industry, such as major non-life insurance companies fixing premium prices among themselves, the Financial Services Agency is embarking on a revision to the Insurance Business Act. It plans to broaden the scope of "facilitations" currently prohibited by law to include insurance companies using the services of companies with which they have contracts.
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METI to clarify promotion of transition to market price reflection of renewable energy
2024-12-03 05:22:00
As discussions on the formulation of a new Basic Energy Plan reach a climax, the Ministry of Economy, Trade and Industry plans to clearly state that it will encourage renewable energy power generation companies to shift from the "feed-in tariff system" to a system that reflects market prices, with the hope of leading to the sustainable expansion of renewable energy led by the private sector.
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Government-designated agency begins offering "credit scores" to those who want them; will this be used more widely?
2024-12-03 05:17:00
A government-designated institution has begun a service that provides those who request it with a so-called "credit score," which is an easy-to-understand numerical representation of creditworthiness in financial transactions based on card payment history, etc. The aim is to prevent excessive borrowing by making people more aware of their own creditworthiness, and attention is focused on whether this service will become more widely used.
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Intel CEO Gelsinger steps down as company slows to embrace AI
2024-12-03 03:43:00
Intel, a major American semiconductor manufacturer, announced that CEO Pat Gelsinger has resigned as of the 1st. Amid sluggish performance due to delays in the development of semiconductors for AI, the company will move forward with a turnaround under a new management structure.
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