Economic news(2024/12/16)
Japan-Ukraine Joint Economic Conference Held Confirms Public-Private Cooperation for Recovery
2024-12-16 23:45:00
Japanese and Ukrainian officials met in Tokyo to discuss ways to rebuild Ukraine amid ongoing military invasion by Russia, and confirmed that the public and private sectors will work together to secure local labor.
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Sompo Japan Insurance agency employee forged securities and defrauded approximately 80 million yen
2024-12-16 21:45:00
Sompo Japan Insurance Inc. announced that a 78-year-old employee of an insurance agency in Niigata Prefecture is suspected of forging insurance policies and fraudulently receiving approximately 80 million yen.
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Hitachi's Executive Vice President Tokunaga to be promoted to president next April
2024-12-16 20:10:00
Hitachi, a major electronics manufacturer, has announced that it will promote Executive Vice President Tokunaga Toshiaki, who is in charge of the IT department, to succeed President and CEO Kojima Keiji.
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[Details] Mitsubishi UFJ Bank President Hanzawa apologizes for theft of money and valuables from safe deposit box
2024-12-16 19:20:00
Mitsubishi UFJ Bank President Junichi Hanzawa and others held their first press conference on the 16th in response to the theft of several billion yen worth of valuables from a safe deposit box at a bank branch by bank employees. After acknowledging that there were flaws in the safe deposit box key management system, President Hanzawa offered an apology, saying, "This is an incident that shakes the foundation of the bank's business, which is trust and faith."
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Osaka Exchange orders Nomura Securities to pay 60 million yen in fines for price manipulation
2024-12-16 19:01:00
The Osaka Exchange has ordered Nomura Securities, the largest securities firm in the industry, to pay a fine of 60 million yen in connection with its involvement in the manipulation of prices in Japanese government bond futures trading.
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[Details] Mitsubishi UFJ Bank President Hanzawa apologizes for theft of money and valuables from safe deposit box
2024-12-16 18:57:00
Mitsubishi UFJ Bank President Junichi Hanzawa and others held their first press conference on the 16th in response to the theft of several billion yen worth of valuables from a safe deposit box at a bank branch by bank employees. After acknowledging that there were flaws in the safe deposit box key management system, President Hanzawa offered an apology, saying, "This is an incident that shakes the foundation of the bank's business, which is trust and faith."
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The yen is trading at 153 yen per dollar, reflecting the weakening of the yen and strengthening of the dollar in the New York market.
2024-12-16 18:29:00
On the 16th, the Tokyo foreign exchange market was trading at around 153 yen to the dollar, following the trend of the yen weakening against the dollar in the New York market last weekend.
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Nuclear power generation costs to fall below LNG-fired power generation costs in 2040, according to government estimates
2024-12-16 17:37:00
As part of the formulation of a new Basic Energy Plan, the government on the 16th officially released a trial calculation of the overall costs of generating electricity by energy source as of fiscal year 2040. It states that the cost of nuclear power will be lower than the cost of LNG-fired power, which is currently the main source of electricity.
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[Breaking News] Mitsubishi UFJ Bank President Hanzawa apologizes for theft of money and valuables from safe deposit box
2024-12-16 17:30:00
Mitsubishi UFJ Bank President Junichi Hanzawa and others held their first press conference today in response to the incident in which bank employees stole several billion yen worth of valuables from a safe deposit box at a bank branch. After acknowledging that there was a flaw in the safe deposit box key management system, President Hanzawa offered an apology, saying, "This is an incident that shakes the foundation of the bank's business, which is trust and faith."
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A system to track distribution routes to prevent illegal fishing of juvenile eels begins trial operation
2024-12-16 17:16:00
As illegal fishing of juvenile eels continues to occur all over the country, a trial run of a new system to track distribution routes in order to prevent the trade of illegally caught juvenile eels will begin on the 17th, and the system was unveiled to the press on the 16th.
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[Live] Mitsubishi UFJ Bank President Hanzawa apologizes for theft of money and valuables from safe deposit box
2024-12-16 17:07:00
Mitsubishi UFJ Bank President Junichi Hanzawa and other executives are holding a press conference regarding the theft of several billion yen worth of valuables from a bank branch's safe deposit box. President Hanzawa apologized, saying, "We take this very seriously as it is an incident that shakes the foundation of the bank's business, which is trust and faith, and we would like to offer our sincere apologies to our customers and all those involved." *The press conference is being broadcast live.
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Stock prices are moving only slightly; some investors are refraining from active trading
2024-12-16 16:13:00
On the Tokyo Stock Exchange on the 16th, investors refrained from active trading, and the Nikkei Stock Average only fluctuated slightly.
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[Live Streaming] Mitsubishi UFJ Bank President Hanzawa apologizes for safe deposit box scandal
2024-12-16 16:00:00
Mitsubishi UFJ Bank President Junichi Hanzawa and other executives are holding a press conference regarding the case in which a bank employee stole several billion yen worth of valuables from a bank branch's safe deposit box. President Hanzawa offered his apology, saying, "We take this very seriously as it is an incident that shakes the foundation of the bank's business, which is trust and faith, and we sincerely apologize to our customers and all those involved." *The press conference is being broadcast live.
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Hitachi's Executive Vice President Tokunaga to be promoted to president next April
2024-12-16 15:59:00
Hitachi, a major electronics manufacturer, has announced that it will promote Vice President Tokunaga Toshiaki, who is in charge of the IT division, to succeed President Keiji Kojima.
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[Live Schedule] Mitsubishi UFJ Bank President Hanzawa to hold press conference regarding safe deposit box issue
2024-12-16 15:16:00
Regarding the case of Mitsubishi UFJ Bank employees stealing several billion yen worth of valuables from a branch's safe deposit box, the bank's president, Junichi Hanzawa, and other executives will hold a press conference on the afternoon of the 16th to explain the flaws in the safe deposit box key management system and the specific measures to prevent recurrence. *The president's press conference will be streamed live.
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Three major housing companies and a logistics company to start joint delivery of materials
2024-12-16 15:09:00
In order to improve the efficiency of logistics, three major housing manufacturers and a logistics company have decided to cooperate and start an initiative to jointly deliver housing materials using the same trucks.
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Hitachi's Executive Vice President Tokunaga to be promoted to president in April next year
2024-12-16 15:08:00
Hitachi, a major electronics manufacturer, has decided to promote Vice President Tokunaga Toshiaki, who is in charge of the IT division, to succeed President Kojima Keiji. According to sources, Hitachi held a board meeting on the 16th and decided to promote Vice President Tokunaga to succeed President Kojima, effective April 1st of next year. Tokunaga is 57 years old. He joined the company in 1990, and after working in the information and communications systems division, he served as president of a subsidiary that handles home appliances, and is currently Vice President in charge of the company's main IT division.
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Small rocket "Kairos 2" to launch on the 18th after two postponements
2024-12-16 14:27:00
Regarding the launch date and time of the small rocket "Kairos 2," which had been postponed for two consecutive days due to wind conditions, the company that developed the rocket announced that it is scheduled to be launched from a launch site in Wakayama Prefecture at 11:00 a.m. on the 18th.
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Norinchukin Bank faces huge losses: Reform plan unveiled to allow employees to work multiple jobs and use external experts
2024-12-16 13:16:00
A reform plan compiled by a national panel of experts for the Norinchukin Bank, which recorded huge losses due to the failure of its foreign bond investments, has been revealed. The proposal includes a review of the current law prohibiting directors from holding multiple jobs, so that outside experts can be added to the board of directors that decides investment policy.
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China's November economic data: Industrial production improves but real estate market slumps
2024-12-16 12:17:00
China released major economic statistics for November, showing that indicators of corporate production trends improved thanks in part to the effects of government stimulus measures, while consumption growth slowed and investment in real estate development fell sharply.
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Stock prices rise slightly
2024-12-16 12:02:00
The Nikkei Stock Average ended morning trading on the Tokyo Stock Exchange on the 16th, the start of the week, with a slight increase.
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China's new home price index falls in 70% of major cities in November
2024-12-16 12:01:00
China's new home price index for November fell from the previous month in 49 of the country's 70 major cities. Although the number of cities where prices fell decreased from the previous month, the proportion still stood at 70%, indicating that real estate prices continue to be sluggish.
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Lake Kasumigaura in Ibaraki: worst smelt catch in history, only 42kg shipped
2024-12-16 11:59:00
In Lake Kasumigaura in Ibaraki Prefecture, known as a major smelt production area, interviews with relevant parties have revealed that the amount of fish shipped by the fishing cooperative this year was only about 40 kilograms as of the 16th, about one-twentieth of last year's amount, and that the worst poor catch is expected to occur in history.
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Mitsubishi UFJ Bank President Hanzawa to hold press conference after former bank employee steals billion yen worth of funds
2024-12-16 11:55:00
Regarding the case of Mitsubishi UFJ Bank employees stealing over 1 billion yen worth of valuables from a branch's safe deposit box, President Junichi Hanzawa and other executives will hold a press conference on the afternoon of the 16th to explain the flaws in the safe deposit box key management system and the specific measures to prevent recurrence. *The president's press conference will be broadcast live.
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Mitsubishi UFJ Bank president to hold press conference over ex-employee theft worth hundreds of millions of yen
2024-12-16 10:43:00
It has been learned from related parties that Mitsubishi UFJ Bank President Junichi Hanzawa and other executives will hold a press conference on the afternoon of the 16th regarding the case of a bank employee stealing over 1 billion yen worth of money and valuables from a safe deposit box at a branch. It is known that the employee opened the safe deposit box using a spare key for a customer's key, and at the press conference, they are expected to explain the details of the incident and measures to prevent recurrence.
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Bank of Japan to hold monetary policy meeting from 18th, further interest rate hike
2024-12-16 02:49:00
The Bank of Japan will hold a meeting to decide on monetary policy starting on the 18th of this week. Some market participants are of the opinion that the BOJ may raise interest rates further at this or the next meeting, but many within the BOJ are of the opinion that they should wait and see whether the movement to raise wages will spread and the impact of the policies of the next US President Trump, so it is expected that the BOJ will carefully consider the matter.
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US Fed to hold monetary policy meeting from 17th; market expectation of rate cut growing
2024-12-16 02:45:00
The Federal Reserve Board of the United States will meet on the 17th to decide on monetary policy, and the market is increasingly expecting that the Fed will decide to cut interest rates. This time, participants in the meeting will release their outlook for the policy interest rate, and attention will be focused on the pace of interest rate cuts that will be announced next month as the new Trump administration takes office.
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