Economic news(2024/12/23)
[Full report] Honda and Nissan officially announce that they have entered into business integration talks
2024-12-23 21:34:00
Honda and Nissan Motor Co., Ltd. announced on the 23rd that they have signed a memorandum of understanding and will enter into full-scale discussions toward a business integration. The two companies aim to list their holding company in August 2026, and the integration will improve efficiency and deepen cooperation in the development of advanced technologies to increase competitiveness.
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[Full report] Honda and Nissan officially announce that they have entered into business integration talks
2024-12-23 19:19:00
Honda and Nissan Motor Co., Ltd. announced on the 23rd that they have signed a memorandum of understanding and will enter into full-scale discussions toward a business integration. The two companies aim to list their holding company in August 2026, and the integration will improve efficiency and deepen cooperation in the development of advanced technologies to increase competitiveness.
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Prime Minister Ishiba meets with members of the Japan-U.S. Business Council to promote public-private cooperation
2024-12-23 19:01:00
Prime Minister Ishiba met with members of the Japan-U.S. Business Council, an organization made up of corporate executives, and conveyed his intention to promote public-private cooperation to further develop Japan-U.S. relations, with an eye toward the next Trump administration.
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The Fisheries Agency's policy to reduce next year's fishing quota for Japanese flying squid by more than 70% from this year
2024-12-23 19:01:00
Regarding Japanese flying squid, which has been suffering from a continuing shortage, the Fisheries Agency has announced its intention to reduce next year's catch quota by more than 70% from this year, making it the lowest ever, due to a significant decline in the resource stock in Japanese waters.
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Japan's nominal GDP per capita falls below South Korea's for the first time in dollar terms, likely due to weak yen
2024-12-23 18:59:00
According to the Cabinet Office, Japan's nominal GDP per capita (Gross Domestic Product) fell below that of South Korea for the first time in two years, when compared in dollar terms. This is believed to be due to factors such as the weak yen, which caused GDP to fall when converted into dollars.
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Yen exchange rate: Small fluctuations
2024-12-23 18:55:00
On the Tokyo foreign exchange market on the 23rd, the yen fluctuated little as many investors refrained from active trading.
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Former Nissan Chairman Ghosn expresses negative view on Honda-Nissan merger
2024-12-23 18:53:00
Regarding talks regarding a business integration between Honda and Nissan Motor Co., former Nissan Chairman Carlos Ghosn expressed a negative view at an online press conference, saying, "There is a lot of overlap between the two companies, and I don't think a business integration would be successful even if it were realized."
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News for 2024 What impresses you?
2024-12-23 18:52:00
We will look back at some of the most notable news articles published on NHK NEWS WEB in 2024. What news stories left the biggest impression on you?
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[Full report] Honda and Nissan officially announce that they have entered into business integration talks
2024-12-23 18:41:00
Honda and Nissan Motor Co., Ltd. held a press conference in Tokyo at 5:00 p.m. and officially announced that they had begun discussions on a business integration.
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[Breaking News] Honda-Nissan holds press conference to enter into discussions for business integration
2024-12-23 18:18:00
Honda and Nissan Motors held their respective board meetings on the 23rd and decided to enter into full-scale discussions towards a business integration. The two companies signed a memorandum of understanding, and Honda President Toshihiro Mibe and Nissan President Makoto Uchida will hold a press conference at 5pm. Mitsubishi Motors President Takao Kato, who is considering joining the discussions, will also be attending the conference. We will provide breaking news on the press conferences of the three company presidents on this timeline.
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Japan Post files lawsuit against Yamato Transport seeking damages "Damage caused by review of collaboration"
2024-12-23 17:38:00
Japan Post has announced that it has filed a lawsuit against Yamato Transport seeking damages in response to the company's request to review a collaboration agreement concluded last year.
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[Breaking News] Honda-Nissan holds press conference to enter into discussions for business integration
2024-12-23 17:16:00
Honda and Nissan Motors held their respective board meetings on the 23rd and decided to enter into full-scale discussions towards a business integration. The two companies signed a memorandum of understanding, and Honda President Toshihiro Mibe and Nissan President Makoto Uchida will hold a press conference at 5pm. Mitsubishi Motors President Takao Kato, who is considering joining the discussions, will also be attending the conference. We will provide breaking news on the press conferences of the three company presidents on this timeline.
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Restaurant chains raise prices in response to steep rise in rice prices
2024-12-23 16:51:00
In response to the significant increase in rice prices, restaurant chains are raising their menu prices one after another.
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Stock prices temporarily rise by more than 500 yen due to optimism about the US economy
2024-12-23 16:24:00
On the 23rd, the Tokyo stock market saw many buy orders due to optimism about the US economy, and the Nikkei average temporarily rose by more than 500 yen.
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Honda Nissan to hold press conference at 5pm to enter into discussions on business integration
2024-12-23 16:00:00
Honda and Nissan Motor Co., Ltd. held their respective board meetings on the 23rd and decided to enter into full-scale discussions toward a business integration. According to sources, they aim to reach a final agreement in June 2025. Mitsubishi Motors Corporation is also considering joining the discussions. Honda and Nissan Motor Co., Ltd. announced that they will hold a press conference in Tokyo at 5:00 pm on the 23rd.
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Nippon Life Insurance to raise wages by 6% for sales staff Life insurance companies are actively raising wages
2024-12-23 15:10:00
As competition among companies to secure talent intensifies, there is also a growing movement within the life insurance industry to raise wages, with the largest insurance company, Nippon Life Insurance, deciding to give its sales staff a wage increase of around 6% next fiscal year.
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Stock prices rise Last weekend in the New York market, following the rise in major stock indexes
2024-12-23 12:18:00
The Tokyo stock market opened on the 23rd, the start of the week, with the Nikkei average rising, following the trend of all major stock indexes rising in the New York market at the end of last week.
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Honda-Nissan to merge, new company's head to be Honda-nominated director
2024-12-23 11:29:00
Honda and Nissan Motor Co., Ltd. are expected to enter into full-scale discussions toward a business integration by signing a memorandum of understanding on the 23rd, aiming to reach a final agreement by June next year. The two companies are considering establishing a new holding company to integrate the two companies, and the president of the new company will be chosen from among the directors appointed by Honda.
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Honda and Nissan to reach final agreement on merger by June next year
2024-12-23 09:45:00
Honda and Nissan are expected to sign a memorandum of understanding on the 23rd and enter into full-scale discussions toward a business integration. According to sources, the two companies aim to reach a final agreement by June 2025.
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Honda and Nissan to sign memorandum of understanding today, enter into merger talks
2024-12-23 06:56:00
Honda and Nissan Motors are expected to sign a memorandum of understanding as early as the 23rd and enter into full-scale discussions toward a business integration. The aim of the business integration is to increase competitiveness and compete against emerging manufacturers in the United States and China, which are ahead in the development of electric vehicles (EVs) and vehicle software.
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