Economic news(2024/12/13)
The yen temporarily fell to the mid-153 yen range against the dollar on the London market.
2024-12-13 22:19:00
On the 13th, there was a strong trend of selling yen and buying dollars on the London foreign exchange market, and the yen temporarily fell to the mid-153 yen range per dollar, its lowest level in about two weeks.
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Yamato Transport asks Japan Post to review delivery collaboration
2024-12-13 21:57:00
It has been revealed that Yamato Transport has asked Japan Post to review its parcel delivery collaboration that was concluded in 2023. Yamato Transport has asked Japan Post to suspend the consignment of thin parcels, but Japan Post claims that this goes against the terms of the collaboration agreement.
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Yen falls against dollar ahead of U.S., Japan monetary policy meetings
2024-12-13 18:28:00
On the Tokyo foreign exchange market on the 13th, the yen fell against the dollar ahead of a meeting between Japan and the United States next week to decide on monetary policy.
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Japan Exchange Group holds training in various regions to prevent recurrence of TSE employee issue
2024-12-13 18:10:00
In response to the issue of a Tokyo Stock Exchange employee being investigated for allegedly passing information about a company's tender offer to his family, the Japan Exchange Group has revealed that it is taking steps to prevent recurrence, including conducting training on prohibited insider trading in various locations.
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China's economic slowdown and the meaning of Japan-China interest rate inversion [Chinese economy column]
2024-12-13 17:56:00
A reversal of interest rates between Japan and China has occurred in the world of interest rates. In mid-November, China's yield on 30-year government bonds fell below Japan's. This is essentially the first time that interest rates in China, which has continued to grow at a high rate, have fallen below those in Japan, which has long suffered from deflation. The background to this is China's economic slowdown, concerns about deflation, and a slowdown in medium- to long-term growth. Money that has nowhere to go is flowing into the bond market. (China Bureau Reporter Shimomura Naoto)
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Stock prices fall as sell orders spread to secure immediate profits
2024-12-13 16:19:00
On the 13th, the Tokyo stock market saw sell orders placed in an attempt to lock in immediate profits, causing the Nikkei average to fall.
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Ruling party team hears opinions from governors of Kyoto and Osaka on Hokuriku Shinkansen extension
2024-12-13 13:01:00
Regarding the extension of the Hokuriku Shinkansen to Shin-Osaka, the ruling party's project team plans to select a specific route for the "Obama-Kyoto Route" by the end of the year, and heard opinions from the governors of Kyoto and Osaka on the 13th. The governors called for consideration based on the impact on groundwater and the reduction of local costs.
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Bank of Japan Tankan: Economic outlook for large companies: Manufacturing improves but non-manufacturing worsens
2024-12-13 13:00:00
In the Tankan (Short-term Economic Survey of Enterprises) released by the Bank of Japan on the 13th, the index showing the economic outlook of large manufacturing companies was up 14 points, improving for the first time in two quarters. However, the index showing the economic outlook of large non-manufacturing companies worsened for the first time in two quarters, and the outlook for industries related to personal consumption such as retail sales worsened significantly.
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Stock prices temporarily fall by more than 600 yen due to the fall of major stock indexes in the New York market
2024-12-13 12:18:00
Following the fall of major stock indexes on the Tokyo stock market on the 13th and on the New York market on the 12th, the Nikkei average temporarily fell by more than 600 yen.
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Minister of Land, Infrastructure, Transport and Tourism Nakano to take action including administrative guidance over JAL captain's drinking "regrettable"
2024-12-13 11:26:00
Regarding the flight's departure being delayed by approximately three hours this month after two Japan Airlines pilots drank more alcohol than the company's regulations allowed the day before their shift, Minister of Land, Infrastructure, Transport and Tourism Nakano stated, "It is regrettable that such an incident occurred while we are working to prevent recurrence," and indicated his intention to take strict action, including administrative guidance.
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Theft of valuables from Mitsubishi UFJ Bank's safe deposit box: "Very regrettable incident" - Finance Minister Kato
2024-12-13 11:08:00
Regarding the issue of Mitsubishi UFJ Bank's managerial staff stealing money and valuables from a branch's safe deposit box, Finance Minister and Minister of State for Financial Services Katsuyuki Kato stated at a press conference after the Cabinet meeting on the 13th that "this is an extremely regrettable incident," and indicated that the Financial Services Agency will ensure that appropriate investigations are carried out to determine the cause and to prevent recurrence.
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Bank of Japan Tankan: Economic outlook for large companies: Manufacturing improves but non-manufacturing worsens
2024-12-13 10:27:00
In the Tankan (Short-term Economic Survey of Enterprises) released by the Bank of Japan on the 13th, the index showing the economic outlook of large manufacturing companies was up 14 points, improving for the first time in two quarters. However, the index showing the economic outlook of large non-manufacturing companies worsened for the first time in two quarters, and the outlook for industries related to personal consumption such as retail sales worsened significantly.
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Bank of Japan Tankan: Economic outlook for large manufacturing companies improves by +14 points for the first time in two quarters
2024-12-13 08:55:00
In the Tankan (Short-term Economic Outlook Survey) released by the Bank of Japan on the 13th, the index showing the economic outlook of large manufacturing companies was plus 14 points. This is one point higher than the previous survey, and is the first improvement in two quarters.
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European Central Bank cuts interest rates by 0.25% for third consecutive meeting, considering European economy
2024-12-13 05:20:00
The European Central Bank decided to cut interest rates by 0.25% for the third consecutive meeting at its monetary policy meeting, taking into consideration the growing uncertainty surrounding the European economy.
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METI signs memorandum of understanding with African Development Bank to support Japanese companies in promoting investment
2024-12-13 05:05:00
In order to encourage investment by Japanese companies in Africa, where economic growth continues, it has been learned that the Ministry of Economy, Trade and Industry will sign a memorandum of understanding to deepen cooperation with the African Development Bank. The plan is to cooperate in providing financial support to Japanese companies when they invest in fields such as energy and critical minerals.
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Ishikawa Wajima Turkey shipping peaks before Christmas
2024-12-13 00:48:00
With Christmas approaching, turkey farms in Wajima City, Ishikawa Prefecture are reaching their peak in shipping operations.
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Hokkaido Noboribetsu Gondola "Tobago" operates with salmon hung from it to feed bears
2024-12-13 00:42:00
At the bear ranch in Noboribetsu, Hokkaido, a ropeway called "Toba-go" operates, where salmon are hung from the gondolas to dry and then used as food for the bears.
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