Economic news(2024/12/27)
Former Suzuki Chairman Osamu Suzuki dies at age 94
2024-12-27 22:11:00
Osamu Suzuki, who served as president and chairman of the automobile manufacturer Suzuki for over 40 years and helped grow the company into a global manufacturer, passed away on the 25th. He was 94 years old.
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Auto parts giant Marelli Holdings agrees to defer repayments with bank group amid sluggish sales
2024-12-27 21:52:00
The bank group has agreed to temporarily defer loan repayments for Marelli Holdings, a major auto parts manufacturer that also does business with Nissan Motor Co. Ltd. As the company's parts sales have been sluggish, they will discuss additional management streamlining measures with the company.
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Former Suzuki Chairman Osamu Suzuki dies at age 94
2024-12-27 20:34:00
Osamu Suzuki, who served as president and chairman of the automobile manufacturer Suzuki for over 40 years and helped grow the company into a global manufacturer, passed away on the 25th. He was 94 years old.
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Mitsubishi UFJ Bank's online banking glitch "almost restored"
2024-12-27 20:02:00
Mitsubishi UFJ Bank has revealed that the problem of being unable to log in to its internet banking service, which had been continuing since the 26th, had been almost completely resolved by the evening of the 27th. The bank believes it was the victim of a cyber attack that sent a large amount of data, and is currently investigating the matter in detail.
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Cabinet approves next fiscal year's budget proposal, with general account budget totaling more than 115 trillion yen, the largest ever
2024-12-27 19:48:00
The government has approved a general account budget of approximately 115.5 trillion yen for next fiscal year at a cabinet meeting. This is the largest initial budget ever, and the government is expected to continue to face a severe financial situation with a quarter of its funding coming from government bonds. *This article will provide specific details about the budget related to wage increases and daily life.
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Long-term interest rates: 10-year government bond yield rises to 1.11%, the highest level in 13 years
2024-12-27 19:31:00
In the bond market on the 27th, the yield on 10-year government bonds, a representative indicator of long-term interest rates in Japan, rose to 1.11%. This is the highest level in about 13 years since July 2011, and investors have come to believe that the Bank of Japan is close to raising interest rates further, which has led to a rise in long-term interest rates.
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Long-term interest rates: 10-year government bond yield rises to 1.11%, the highest level in 13 years
2024-12-27 18:57:00
In the bond market on the 27th, the yield on 10-year government bonds, a representative indicator of Japan's long-term interest rates, rose to 1.11%. This is the highest level in about 13 years since July 2011, and market participants said, "The view that the Bank of Japan may soon implement additional interest rate hikes led to the selling of Japanese government bonds, causing long-term interest rates to rise."
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Former Suzuki Chairman Osamu Suzuki dies at age 94
2024-12-27 18:56:00
Osamu Suzuki, who served as president and chairman of the automobile manufacturer Suzuki for over 40 years and helped grow the company into a global manufacturer, passed away on the 25th. He was 94 years old.
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Yen falls due to view that interest rate gap between Japan and the US is unlikely to narrow
2024-12-27 18:15:00
On the 27th, in the Tokyo foreign exchange market, the yen fell as investors sold yen and bought dollars amid the view that the interest rate gap between Japan and the US would be difficult to narrow.
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Former Suzuki Chairman Osamu Suzuki dies at age 94
2024-12-27 17:55:00
Osamu Suzuki, who served as president and chairman of the automobile manufacturer Suzuki for over 40 years and helped grow the company into a global manufacturer, passed away on the 25th. He was 94 years old.
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Will stock prices rise or fall in 2025? Will the market depend on "that person"? [Economics Column]
2024-12-27 17:37:00
2024 was a historic year for the Tokyo Stock Exchange. The Nikkei Stock Average hit a new all-time high, and experienced its biggest ever fall and rise. Despite being shaken by numerous records, it looks like it will end up rising. What will the market be like in 2025? The key may lie in "that person." (Yokoyama Taichi, Economics Reporter)
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Former Suzuki Chairman Osamu Suzuki dies at age 94
2024-12-27 16:38:00
Osamu Suzuki, who served as president and chairman of the automobile manufacturer Suzuki for over 40 years and helped grow the company into a global manufacturer, passed away on the 25th. He was 94 years old.
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NIDEK to launch takeover bid without Makino Milling Machine's consent
2024-12-27 16:31:00
NIDEK, a major electronic parts manufacturer, has announced that it will launch a tender offer for shares in Makino Milling Machine Co., Ltd., a major machine tool manufacturer, without the consent of the other party.
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Former Suzuki Chairman Osamu Suzuki dies at age 94
2024-12-27 16:17:00
Osamu Suzuki, who served as president and chairman of the automobile manufacturer Suzuki for over 40 years and helped grow the company into a global manufacturer, passed away on the 25th. He was 94 years old.
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Stock price closing price recovers to the 40,000 yen range for the first time in about five months Buy orders for a wide range of stocks
2024-12-27 15:53:00
On the Tokyo Stock Exchange on the 27th, buying orders spread to a wide range of stocks, including export-related stocks, and the Nikkei Stock Average closed at the 40,000 yen level for the first time in about five months.
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Government to increase project budget for Hokkaido, Hokuriku and Kyushu Shinkansen lines next year
2024-12-27 15:34:00
The government has decided to allocate a total of 265.8 billion yen to the three new Shinkansen lines in Hokkaido, Hokuriku, and Kyushu next fiscal year, 38.3 billion yen more than this fiscal year. However, no cost was allocated to the extension of the Hokuriku Shinkansen to Shin-Osaka, as route selection within the year was postponed.
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Cabinet approves next fiscal year's budget proposal, with general account budget totaling more than 115 trillion yen, the largest ever
2024-12-27 15:18:00
The government has approved a general account budget of approximately 115.5 trillion yen for next fiscal year at a cabinet meeting. This is the largest initial budget ever, and the government is expected to continue to face a severe financial situation with a quarter of its funding coming from government bonds. *This article will provide specific details about the budget related to wage increases and daily life.
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NIDEK to launch takeover bid without Makino Milling Machine's consent
2024-12-27 14:15:00
NIDEK, a major electronic parts manufacturer, has announced that it will launch a tender offer for shares in Makino Milling Machine Co., Ltd., a major machine tool manufacturer, without the consent of the other party.
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Cabinet approves next fiscal year's budget proposal, with general account budget totaling more than 115 trillion yen, the largest ever
2024-12-27 13:49:00
The government has approved a general account budget of approximately 115.5 trillion yen for next fiscal year at a cabinet meeting. This is the largest initial budget ever, and the government is expected to continue to face a severe financial situation with a quarter of its funding coming from government bonds. *This article will provide specific details about the budget related to wage increases and daily life.
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Ministry of Agriculture, Forestry and Fisheries to allocate 10 billion yen in subsidies to fishing organizations over 10 years for Ariake Sea restoration
2024-12-27 13:37:00
The Ministry of Agriculture, Forestry and Fisheries has decided to allocate 1 billion yen in the initial budget proposal for next fiscal year as subsidies to local fishing organizations to restore the Ariake Sea, which has been suffering from poor seaweed and shellfish harvests, and plans to allocate a total of 10 billion yen over 10 years.
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Stock prices temporarily rise by more than 700 yen. Buying orders for a wide range of stocks, including export-related stocks
2024-12-27 13:31:00
On the 27th, the Nikkei average rose by more than 700 yen at one point on the Tokyo Stock Exchange. Due to the yen's depreciation against the dollar in the foreign exchange market, buying orders are spreading to a wide range of stocks, including export-related stocks such as automobiles.
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Stock prices temporarily rise by more than 600 yen. Buying orders for a wide range of stocks, including export-related stocks
2024-12-27 13:14:00
On the 27th, the Nikkei average on the Tokyo Stock Exchange rose by more than 600 yen at one point. Due to the yen's depreciation against the dollar in the foreign exchange market, buying orders are spreading to a wide range of stocks, including export-related stocks such as automobiles.
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Cabinet approves next fiscal year's budget proposal, with general account budget totaling more than 115 trillion yen, the largest ever
2024-12-27 12:11:00
The government has approved a general account budget of approximately 115.5 trillion yen for next fiscal year at a cabinet meeting. This is the largest initial budget ever, and the government is expected to continue to face a severe financial situation with a quarter of its funding coming from government bonds. *This article will provide specific details about the budget related to wage increases and daily life.
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Bank of Japan announces opinion at monetary policy meeting: "Situation of additional interest rate hike"
2024-12-27 11:33:00
The Bank of Japan has released the main opinions of its monetary policy decision meeting last week, which decided not to raise interest rates further. While many members said that they should wait and see how the new US administration and wage increases develop, there were also several opinions that it would be okay to raise interest rates further. The focus will be on how the Bank of Japan will decide at its meeting in January next year.
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Consumer price index in Tokyo's 23 wards in 2024 to rise 2.1% compared to last year
2024-12-27 11:22:00
The Consumer Price Index for Tokyo's 23 wards for the year 2024, excluding fresh food which is highly volatile due to weather, is estimated to be 2.1% higher than for the year 2023. The rate of increase has shrunk by 0.9 percentage points from 3% in 2023, but it has exceeded 2% for the third consecutive year.
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Stock price recovers to 40,000 yen range for the first time in two weeks
2024-12-27 11:21:00
On the 27th, the Tokyo Stock Exchange saw a rise in buy orders due to the yen's weakening against the dollar, and the Nikkei average temporarily recovered to the 40,000 yen range. This was the first time during trading hours that this has happened in about two weeks since December 12th. In the foreign exchange market, the yen was trading at the high 157 yen range against the dollar, and with the yen weakening against the dollar, buy orders were spreading to a wide range of stocks, including export-related stocks such as automobiles.
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Cabinet approves next fiscal year's budget proposal, with general account budget totaling more than 115 trillion yen, the largest ever
2024-12-27 10:39:00
The government has approved a general account budget of approximately 115.5 trillion yen for next fiscal year. This is the largest initial budget ever, and the government is expected to continue to face a severe fiscal situation with one-quarter of its funding coming from government bonds.
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November industrial production index falls 2.3% from previous month, the first decline in three months
2024-12-27 10:34:00
The November index of industrial production, which indicates corporate production activity, fell for the first time in three months due to reduced production of semiconductor manufacturing equipment and automobiles.
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Unemployment rate in November was 2.5%, unchanged from the previous month
2024-12-27 09:21:00
According to the Ministry of Internal Affairs and Communications, the nationwide unemployment rate last month was 2.5%, unchanged from the previous month.
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November industrial production index fell 2.3% from the previous month, the first decline in three months
2024-12-27 09:07:00
The mining and manufacturing production index for last month, November, which indicates corporate production activity, was 101.7, down 2.3% from the previous month, with 2020 as the index of 100. This is the first decline in three months, and the Ministry of Economy, Trade and Industry has maintained its assessment of corporate production activity as "advancing and retreating."
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Consumer price index in Tokyo's 23 wards in 2024 to rise 2.1% compared to last year
2024-12-27 08:50:00
The consumer price index for Tokyo's 23 wards this year, excluding fresh food, which is highly affected by weather, rose 2.1% compared to last year, according to preliminary figures. The rate of increase was 0.9 percentage points lower than last year's figure of 3%.
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Unemployment rate in November was 2.5%, unchanged from the previous month
2024-12-27 08:44:00
According to the Ministry of Internal Affairs and Communications, the nationwide unemployment rate last month was 2.5%, unchanged from the previous month.
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G7 agrees to introduce framework requiring AI developers to report risks, etc.
2024-12-27 06:32:00
In order to create an environment in which generative AI can be used safely, the G7 countries have agreed to introduce a framework requiring developers of generative AI to report on the risks and safety of the technology. The framework is scheduled to go into effect in February of next year.
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New York market: Yen exchange rate temporarily drops to 158 yen per dollar, the weakest level in about five months
2024-12-27 01:11:00
On the 26th, there was a trend in the New York foreign exchange market where yen was sold and dollars were bought, and the yen temporarily fell to the 158 yen range per dollar, the first time in about five months.
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