Economic news(2024/12/17)
Japan Securities Dealers Association plans to order Nomura Securities to pay a fine of 30 million yen
2024-12-17 21:33:00
The Japan Securities Dealers Association has decided to order the largest securities firm, Nomura Securities, to pay a fine of 30 million yen as punishment for the company's manipulation of prices in futures trading of Japanese government bonds. It also plans to recommend that management take the lead in preventing recurrence.
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Waymo to begin demonstration experiment in Japan next year to introduce self-driving cars
2024-12-17 20:55:00
Waymo, a self-driving taxi company under the parent company of American IT giant Google, has announced that it will begin demonstration experiments toward the introduction of self-driving cars in Japan from next year in collaboration with taxi companies and major ride-hailing apps.
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ODA celebrates 70 years in Tokyo: UNDP chief expresses hope for assistance
2024-12-17 20:43:00
A symposium was held in commemoration of the 70th anniversary of Japan's start of ODA (Official Development Assistance), and the Administrator of the United Nations Development Programme (UNDP) expressed his expectations for Japan's support in his keynote speech. This year marks the 70th anniversary of Japan's start of ODA to developing countries in 1954, and a symposium commemorating this was held in Tokyo on the 17th.
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Making renewable energy the "largest power source" and making maximum use of nuclear power
2024-12-17 20:01:00
The government officially released a draft of the new Basic Energy Plan on the 17th. With the demand for electricity expected to increase in the future due to the spread of AI and other factors, the plan outlines a policy to make renewable energy such as solar and wind power the largest power source in the future, while maximizing the use of nuclear power, which the government has previously said it will "reduce its dependency on."
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Chairman Tokura announces appointment of Yoshinobu Tsutsui as next chairman of Keidanren
2024-12-17 19:52:00
Keidanren Chairman Tokura has announced his intention to appoint Yoshinobu Tsutsui, chairman of Nippon Life Insurance, a major life insurance company, and vice chairman of Keidanren, as his successor.
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Yen exchange rate falls
2024-12-17 19:31:00
On the 17th, the Tokyo foreign exchange market saw a move to buy dollars and the yen fall against the backdrop of the view that the US economy was solid.
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Chairman Tokura announces appointment of Yoshinobu Tsutsui as next chairman of Keidanren
2024-12-17 18:43:00
Keidanren Chairman Tokura has announced his intention to appoint Yoshinobu Tsutsui, chairman of Nippon Life Insurance, a major life insurance company, and vice chairman of Keidanren, as his successor.
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National panel of experts proposes reform of Norinchukin Bank to revise ban on directors holding multiple jobs
2024-12-17 18:34:00
Regarding the Norinchukin Bank, which has recorded huge losses due to investment failures, a national panel of experts presented a reform proposal at a meeting on the 17th, which recommends revising the current law banning 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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Making renewable energy the "largest power source" and making maximum use of nuclear power
2024-12-17 18:29:00
The government officially released a draft of the new Basic Energy Plan on the 17th. With the demand for electricity expected to increase in the future due to the spread of AI and other factors, the plan outlines a policy to make renewable energy such as solar and wind power the largest power source in the future, while maximizing the use of nuclear power, which the government has previously said it will "reduce its dependency on."
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Chairman Tokura announces appointment of Yoshinobu Tsutsui as next chairman of Keidanren
2024-12-17 17:33:00
Keidanren Chairman Tokura has announced his intention to appoint Yoshinobu Tsutsui, chairman of Nippon Life Insurance, a major life insurance company, and vice chairman of Keidanren, as his successor.
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Chairman Tokura announces appointment of Yoshinobu Tsutsui as next chairman of Keidanren
2024-12-17 16:43:00
Keidanren Chairman Tokura has announced his intention to appoint Yoshinobu Tsutsui, chairman of Nippon Life Insurance, a major life insurance company, and vice chairman of Keidanren, as his successor.
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Stock prices fall slightly as investors take profits ahead of monetary policy meeting
2024-12-17 16:12:00
On the Tokyo stock market on the 17th, the Nikkei average fell slightly as sell orders were issued to lock in profits ahead of successive meetings to decide monetary policy in the United States and Japan.
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Chairman Tokura announces appointment of Yoshinobu Tsutsui as next chairman of Keidanren
2024-12-17 15:32:00
Keidanren Chairman Tokura has announced his intention to appoint Yoshinobu Tsutsui, chairman of Nippon Life Insurance, a major life insurance company, and vice chairman of Keidanren, as his successor.
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Minister of Economy, Trade and Industry Muto: "Make maximum use of renewable energy and nuclear power"
2024-12-17 13:03:00
In relation to the draft of the New Basic Energy Plan to be released on the 17th, Minister of Economy, Trade and Industry Muto emphasized the importance of making maximum use of renewable energy and nuclear power, in order to secure power sources that are effective in decarbonizing, given that electricity demand is expected to increase going forward.
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Stock prices rise slightly on hopes of deregulation by Trump
2024-12-17 12:14:00
On the Tokyo stock market on the 17th, the Nikkei average rose slightly as buying orders for tech-related stocks were ahead of other stocks due to expectations of deregulation by the next US President Trump.
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Trump meets with Masayoshi Son, Son's team plans to invest over 15 trillion yen in the US
2024-12-17 12:05:00
US President-elect Donald Trump held a press conference at his home in Florida with Masayoshi Son, CEO of SoftBank Group, and announced that SoftBank Group will invest $100 billion, or more than 15 trillion yen, in the US and create at least 100,000 jobs.
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TikTok side files emergency injunction against ban law with US Supreme Court
2024-12-17 11:03:00
Ahead of the new US law banning the video-sharing app TikTok coming into force next month, TikTok has filed a petition with the US Supreme Court seeking an emergency injunction to temporarily halt the law's implementation.
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Government signs memorandum of understanding with African Development Bank to strengthen economic ties
2024-12-17 10:49:00
A meeting of Japanese and African public and private sector officials was held in Côte d'Ivoire, where they confirmed that they would strengthen economic cooperation, including signing a memorandum of understanding between the Japanese government and the African Development Bank regarding financial support for investments by Japanese companies.
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Automobile manufacturer: Introducing equipment to reduce the burden on women and seniors
2024-12-17 07:10:00
In order to secure human resources at production sites, there is a growing trend among automakers to introduce equipment that reduces physically demanding tasks in order to create an environment where women and seniors can work comfortably.
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Nasdaq stock index hits new record high; yen exchange rate hits 154 yen to the dollar
2024-12-17 06:43:00
On the 16th, the New York Stock Exchange saw the Nasdaq stock index, which is dominated by tech-related stocks, rise by 1.2% from the end of last week to a new record high due to expectations of deregulation by the next US president, Trump. A market insider said, "If regulations on self-driving technology are relaxed, it will have a positive effect on the performance of Tesla and Alphabet, which are leading the way in this field, so there were buy orders."
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Experts from the Ministry of the Environment and other organizations propose making solar panel recycling mandatory
2024-12-17 06:31:00
Regarding solar panels, which will become subject to mass disposal from the second half of the 2030s onwards, a draft of a system that would require the recycling of such panels was presented at a meeting of experts including the Ministry of the Environment, and included details such as how costs would be borne and measures to prevent panels from being left abandoned.
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Government releases draft of new basic energy plan today
2024-12-17 06:18:00
The government will release a draft of its new Basic Energy Plan on the 17th. The plan calls for renewable energy sources such as solar and wind power to be the largest power source by fiscal 2040, while also setting out a policy to make maximum use of nuclear power, which the government has previously said it will "reduce its dependency on" nuclear power.
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Mitsubishi UFJ Bank president apologizes for theft of safe deposit boxes, citing "insufficient management system"
2024-12-17 06:07:00
Regarding the theft of several billion yen worth of valuables from a safe deposit box at a Mitsubishi UFJ bank branch by bank employees, the bank's president, Junichi Hanzawa, and others held a press conference on the 16th, acknowledging that there was a flaw in the safe deposit box key management system and apologizing. President Hanzawa said that he would also consider taking disciplinary action against himself as he works out measures to prevent recurrence, and clarifying management responsibility will also be a focus of attention.
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Trump meets with Masayoshi Son, Son's team plans to invest over 15 trillion yen in the US
2024-12-17 05:38:00
US President-elect Donald Trump held a press conference at his home in Florida with Masayoshi Son, CEO of SoftBank Group, and announced that SoftBank Group will invest $100 billion, or more than 15 trillion yen, in the US and create at least 100,000 jobs.
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Keidanren to appoint Nippon Life Chairman Yoshinobu Tsutsui as next chairman
2024-12-17 01:09:00
The Japan Business Federation has decided to appoint Yoshinobu Tsutsui, chairman of Nippon Life Insurance, a major life insurance company, and vice chairman of the Japan Business Federation, as the next chairman to succeed Tokura. This will be the first time that someone from the financial industry has been appointed.
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