This page is the news announced by NHK, a representative TV station in Japan.

Economic news(2024/12/19)


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Taiwan's Hon Hai Precision Industry in talks with Renault to acquire Nissan stake

2024-12-19 22:27:00
As Honda and Nissan Motor Co., Ltd. are in talks toward a business merger, Taiwanese media has reported that Hon Hai Precision Industry Co., a major Taiwanese electronics manufacturer, is in talks with France's Renault, Nissan's current largest shareholder, to acquire shares in the company.

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Mitsubishi UFJ Bank safe deposit box theft: Chairman of Japan Bankers Association "To prevent recurrence"

2024-12-19 20:22:00
Regarding the theft of several billion yen worth of money and valuables by Mitsubishi UFJ Bank employees from a branch safe deposit box, Chairman Akihiro Fukudome of the Japanese Bankers Association apologized at a press conference on the 19th as the head of the industry group, and stated his intention to strengthen management systems across the industry and take measures to prevent recurrence.

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[Details] Bank of Japan Governor Ueda's press conference: What is the reason behind the postponement of additional interest rate hikes?

2024-12-19 19:51:00
At its monetary policy meeting held until the 19th, the Bank of Japan decided to postpone further interest rate hikes and maintain its current monetary policy. The Bank of Japan decided on an additional interest rate hike in July of this year, but maintained its monetary policy at three consecutive meetings in September, October, and now. The Bank of Japan has indicated that it will consider further interest rate hikes if the economy and prices progress as expected, and attention is focused on what thoughts Governor Ueda will have on future further interest rate hikes at his press conference starting at 3:30 pm. We will provide you with breaking news on Governor Ueda's remarks at the press conference on this timeline.

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Sony Group forms capital and business alliance with KADOKAWA, becoming largest shareholder

2024-12-19 18:56:00
The Sony Group has announced that it will enter into a capital and business alliance with the publishing giant KADOKAWA, acquiring approximately 10% of the shares and becoming the largest shareholder. Through this alliance, the two companies will jointly produce anime and movies and distribute them overseas.

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Yen exchange rate temporarily reaches 157 yen to the dollar following comments by Bank of Japan Governor Ueda

2024-12-19 18:54:00
On the Tokyo foreign exchange market on the 19th, following comments by Bank of Japan Governor Ueda regarding further interest rate hikes, there was a rapid trend to sell yen and buy dollars, and the yen temporarily fell to the 157 yen range per dollar just before 6pm.

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Yen falls to 157 yen to the dollar following comments by Bank of Japan Governor Ueda

2024-12-19 18:02:00
On the 19th, in the Tokyo foreign exchange market, following comments by Bank of Japan Governor Ueda regarding further interest rate hikes, the yen rapidly sold for dollars, causing the yen to fall to the 157 yen range per dollar. This is the first time in about five months since July 23rd of this year that the yen has fallen to the 157 yen range per dollar.

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The average price of a new apartment in the Tokyo metropolitan area in November was 79.88 million yen, remaining at a high level

2024-12-19 16:59:00
The average price of new condominiums released in the greater Tokyo area in November was 79.88 million yen. Although this is lower than the same month last year, it continues to remain at a high level due to rising construction costs.

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[Details] Bank of Japan Governor Ueda's press conference: What is the reason behind the postponement of additional interest rate hikes?

2024-12-19 16:21:00
At its monetary policy meeting held until the 19th, the Bank of Japan decided to postpone further interest rate hikes and maintain its current monetary policy. The Bank of Japan decided on an additional interest rate hike in July of this year, but maintained its monetary policy at three consecutive meetings in September, October, and now. The Bank of Japan has indicated that it will consider further interest rate hikes if the economy and prices progress as expected, and attention is focused on what thoughts Governor Ueda will have on future further interest rate hikes at his press conference starting at 3:30 pm. We will provide you with breaking news on Governor Ueda's remarks at the press conference on this timeline.

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Yen falls to 156 yen to the dollar following comments by Bank of Japan Governor Ueda

2024-12-19 16:19:00
Following the comments made by Bank of Japan Governor Ueda at a press conference on the 19th, the trend of selling yen and buying dollars increased further, causing the yen to fall to the 156 yen range per dollar. This is the first time in about a month since November 15th of this year that the yen has fallen to the 156 yen range per dollar.

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Stock prices temporarily fall by more than 700 yen, bought back as Bank of Japan postpones further interest rate hike

2024-12-19 16:08:00
The Nikkei average fell following the decline in stock prices on the Tokyo stock market on the 19th and in the New York stock market on the 18th.

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[Live Streaming] Bank of Japan Governor Ueda's Press Conference: Background to postponement of additional interest rate hike

2024-12-19 16:07:00
At its monetary policy meeting held until the 19th, the Bank of Japan decided to postpone further interest rate hikes and maintain its current monetary policy. The Bank of Japan decided on an additional interest rate hike in July of this year, but maintained its monetary policy at three consecutive meetings in September, October, and now. The Bank of Japan has indicated that it will consider further interest rate hikes if the economy and prices progress as expected, and attention is focused on what thoughts Governor Ueda will have on future further interest rate hikes at his press conference starting at 3:30 pm. We will provide you with breaking news on Governor Ueda's remarks at the press conference on this timeline.

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Honda and Nissan merger: JEITA Chairman "hopes for software standardization"

2024-12-19 15:11:00
Regarding the ongoing discussions between Honda and Nissan Motor Co., Ltd. toward a business merger, Kazuhiro Tsuga, chairman of the Japan Electronics and Information Technology Industries Association (JEITA), an organization made up of electronics manufacturers, expressed his hope that the two companies will see progress in standardizing software and other aspects for automobiles.

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Japan's version of ride sharing to expand throughout Osaka Prefecture during the Osaka-Kansai Expo

2024-12-19 14:57:00
Coinciding with the Osaka-Kansai Expo, which opens in April next year, the operating area of ​​the "Japanese version of ride sharing" will be expanded to cover the entirety of Osaka Prefecture during the period.

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Bank of Japan Monetary Policy Meeting Decides Not to Raise Interest Rates, Maintains Monetary Policy

2024-12-19 14:28:00
The Bank of Japan decided to postpone any further interest rate hikes at its monetary policy meeting held until the 19th. It is believed that the decision was made to leave the policy interest rate at around 0.25% and to wait and see how wage increases will play out after the New Year and the impact of the policies of the next US President, Trump.

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Bank of Japan Monetary Policy Meeting Decides Not to Raise Interest Rates, Maintains Monetary Policy

2024-12-19 12:44:00
The Bank of Japan decided to postpone any further interest rate hikes at its monetary policy meeting held until the 19th. It is believed that the decision was made to leave the policy interest rate at around 0.25% and to wait and see how wage increases will play out after the New Year and the impact of the policies of the next US President, Trump.

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Following the Bank of Japan decision, the yen fell to the 155 yen range

2024-12-19 12:10:00
In the Tokyo foreign exchange market on the 19th, following the Bank of Japan's decision to postpone further interest rate hikes at its monetary policy meeting, there was a trend to sell yen and buy dollars, and the yen temporarily fell to the 155 yen range per dollar for the first time in about a month.

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Bank of Japan Monetary Policy Meeting Decides Not to Raise Interest Rates, Maintains Monetary Policy

2024-12-19 12:03:00
The Bank of Japan decided to postpone any further interest rate hikes at the Monetary Policy Meeting held until the 19th. It is believed that the Bank of Japan decided to keep the policy interest rate at around 0.25% and wait to see how wage increases will develop after the New Year and the impact of the policies of the next US President, Trump.

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Yen falls to mid-154 yen range against the dollar following the results of the Fed meeting

2024-12-19 09:21:00
In the foreign exchange market on the 19th, following the results of the US Federal Reserve Board meeting, there was a growing trend to sell yen and buy dollars, causing the dollar to fall to the mid-154 yen range.

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Stock price temporarily falls by more than 700 yen, selling orders increase following the Fed meeting

2024-12-19 09:19:00
On the 19th, the Nikkei average on the Tokyo Stock Exchange temporarily fell by more than 700 yen. Following a meeting to decide monetary policy, the Federal Reserve Board indicated that the pace of interest rate cuts next year would be slower than previously expected, which caused the three major stock indexes in the New York market to fall on the 18th. Following this trend, sell orders are spreading in the Tokyo market as well.

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Gasoline prices expected to rise by around 5 yen per liter as government subsidies shrink

2024-12-19 08:23:00
In order to keep gasoline prices down, the government will reduce subsidies it has been providing to oil refiners from the 19th. This will be reflected in retail prices in about two to three weeks, and is expected to lead to a price increase of about 5 yen per liter.

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[Details] Fed decides to cut interest rates by 0.25%, marking third consecutive rate cut

2024-12-19 08:04:00
The US Federal Reserve Board held a meeting to decide monetary policy and announced on the 18th that it had decided to cut interest rates by 0.25%. This is the third consecutive rate cut. Meanwhile, participants at the meeting also presented their outlook, revealing their assumption that the pace of interest rate cuts next year will be slower than before.

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Nippon Steel's plan to acquire US Steel is reportedly on track to be blocked

2024-12-19 06:48:00
Reuters reported that the U.S. government committee reviewing Nippon Steel's plan to acquire U.S. Steel, a major American steel manufacturer, has not yet reached a decision to approve the acquisition, and the acquisition is likely to be blocked.

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[Breaking News] Fed decides to cut interest rates by 0.25%, marking third consecutive rate cut

2024-12-19 06:15:00
The US Federal Reserve Board held a meeting to decide monetary policy and announced on the 18th that it had decided to cut interest rates by 0.25%. This is the third consecutive rate cut. Meanwhile, participants at the meeting also presented their outlook, revealing their assumption that the pace of interest rate cuts next year will be slower than before.

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Honda and Nissan to sign memorandum of understanding next week, considering setting up holding company

2024-12-19 05:47:00
Honda and Nissan Motor, who are in talks to merge, are expected to sign a memorandum of understanding as early as next week and enter into concrete negotiations. They are considering establishing a holding company to bring both companies under its umbrella, with the investment ratio and schedule for the merger being key issues.

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Bank of Japan Monetary Policy Meeting Day 2: Additional interest rate hike; Fed decision to be determined

2024-12-19 05:24:00
The Bank of Japan will decide on its immediate monetary policy at the second day of its monetary policy meeting on the 19th. Many people are of the opinion that a decision on additional interest rate hikes, which is the focus of attention, should be made after observing the trends in wage increases in next year's spring labor offensive, but the Bank of Japan is expected to make a careful decision while also watching the trends in financial markets following the policy decision of the Federal Reserve Board of the United States.

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