Economic news(2025/01/06)
Nippon Steel and U.S. Steel file lawsuit seeking invalidation of U.S. President's anti-takeover order
2025-01-06 23:32:00
In response to President Biden's ban on Nippon Steel's plan to acquire U.S. Steel, a major American steel manufacturer, Nippon Steel and U.S. Steel have filed a lawsuit in a U.S. court seeking to invalidate the president's ban, claiming that it is illegal political interference.
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Nippon Steel and U.S. Steel file lawsuit seeking invalidation of U.S. President's anti-takeover order
2025-01-06 21:56:00
In response to President Biden's ban on Nippon Steel's plan to acquire U.S. Steel, a major American steel manufacturer, Nippon Steel and U.S. Steel announced that they had filed a lawsuit in the United States seeking to invalidate the president's ban and other orders.
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Kanto post offices forced to pay heavy penalties to contractors due to delivery errors and complaints
2025-01-06 21:19:00
It has been learned from interviews with relevant parties that last year the Fair Trade Commission found that post offices in the Kanto region had violated the Subcontracting Act by unfairly collecting high "penalties" from contractors for delivery errors and other issues without sufficient explanation, and instructed Japan Post to make corrective measures.
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What will happen to the Nikkei Stock Average this year? First trading day at the Tokyo Stock Exchange
2025-01-06 20:55:00
The Tokyo Stock Exchange held its traditional opening day, marking the start of trading for this year. The Nikkei Stock Average rose at times immediately after the start of trading, but then fell by more than 500 yen as sell orders took the lead.
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Nippon Steel to hold press conference after US President bans plan to buy US Steel
2025-01-06 20:39:00
Following President Biden's injunction against Nippon Steel's planned acquisition of U.S. Steel, a major American steel manufacturer, Nippon Steel will hold a press conference on the 7th. The company plans to file a lawsuit against the U.S. government and is expected to continue to show its intention to pursue the acquisition.
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Mitsubishi UFJ Morgan Stanley Securities system failure, no sign of recovery
2025-01-06 20:29:00
Mitsubishi UFJ Morgan Stanley Securities announced that some customers were unable to log in to their online stock trading system. The company said the problem occurred during a system update, and there is no timetable for when the system will be restored.
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Long-term interest rates: 10-year government bond yields rise to 1.135%, highest level in 13 and a half years
2025-01-06 18:43:00
In the bond market on the 6th, the yield on 10-year government bonds, which is a representative indicator of Japan's long-term interest rates, rose to 1.135%, the highest level in approximately 13 and a half years since July 2011.
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Yen exchange rate: Small fluctuations against the dollar
2025-01-06 18:41:00
The first trading day of the year took place on the Tokyo foreign exchange market on the 6th, but with a lack of major trading material, the yen only moved slightly against the dollar.
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Nippon Steel to hold press conference after US President bans plan to buy US Steel
2025-01-06 18:27:00
Following President Biden's injunction against Nippon Steel's planned acquisition of U.S. Steel, a major American steel manufacturer, Nippon Steel will hold a press conference on the 7th. The company plans to file a lawsuit against the U.S. government and is expected to continue to show its intention to pursue the acquisition.
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Prep school suddenly closes classrooms ahead of university entrance exams, students "shocked" as school closures lead to bankruptcy
2025-01-06 17:58:00
A company that runs a preparatory school for university entrance exams in Shinjuku Ward, Tokyo, has ceased operations on the 4th and plans to file for bankruptcy soon, according to an interview with the company's lawyer. The sudden closure of the school just before the university entrance common test has caused confusion among students.
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Domestic new car sales last year fell to 4.4 million units, the first decrease in two years, due to the impact of certification fraud
2025-01-06 17:25:00
The number of new cars sold in Japan last year was about 4.4 million, the first decrease in two years. This was due to the impact of some manufacturers, such as Daihatsu Motor, suspending production due to the fraud issue in national certification tests.
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What will happen to the Nikkei Stock Average this year? First trading day at the Tokyo Stock Exchange
2025-01-06 16:25:00
The Tokyo Stock Exchange held its traditional opening day, marking the start of trading for this year. The Nikkei Stock Average rose at times immediately after the start of trading, but then fell by more than 500 yen as sell orders took the lead.
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Nippon Steel to hold press conference after US President bans plan to buy US Steel
2025-01-06 15:55:00
Following President Biden's injunction against Nippon Steel's planned acquisition of U.S. Steel, a major American steel manufacturer, Nippon Steel will hold a press conference on the 7th. The company plans to file a lawsuit against the U.S. government and is expected to continue to show its intention to pursue the acquisition.
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Stock prices fall by more than 500 yen as cautious views of the global economy grow
2025-01-06 15:53:00
On the 6th, the first trading day of the year on the Tokyo Stock Exchange, sell orders spread amid cautious views on the future of the global economy, and the Nikkei average fell by more than 500 yen.
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Nippon Steel to hold press conference after US President bans plan to buy US Steel
2025-01-06 14:05:00
Following President Biden's injunction against Nippon Steel's planned acquisition of U.S. Steel, a major American steel manufacturer, Nippon Steel will hold a press conference on the 7th. The company plans to file a lawsuit against the U.S. government and is expected to continue to show its intention to pursue the acquisition.
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What will happen to the Nikkei Stock Average this year? First trading day at the Tokyo Stock Exchange
2025-01-06 13:51:00
The Tokyo Stock Exchange held its traditional opening day, and trading for this year began. The Nikkei Stock Average rose immediately after the start of trading, but then fell by 500 yen due to sell orders.
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Nikkei average temporarily falls by more than 600 yen
2025-01-06 13:32:00
On the 6th, the first trading day of the year on the Tokyo Stock Exchange, the Nikkei Stock Average temporarily fell by more than 600 yen.
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Kanto post offices forced to pay heavy penalties to contractors due to delivery errors and complaints
2025-01-06 13:31:00
It has been learned from interviews with relevant parties that last year the Fair Trade Commission found that post offices in the Kanto region had violated the Subcontracting Act by unfairly collecting high "penalties" from contractors for delivery errors and other issues without sufficient explanation, and instructed Japan Post to make corrective measures.
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What will happen to the Nikkei Stock Average this year? First trading day at the Tokyo Stock Exchange
2025-01-06 11:52:00
The Tokyo Stock Exchange held its traditional opening day, and trading for this year began. The Nikkei Stock Average rose immediately after the start of trading, but then fell by 500 yen due to sell orders.
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Japan Post unfairly collects "penalties" from contractors, FTC instructs to correct the situation
2025-01-06 11:45:00
It has been learned from interviews with relevant parties that last year the Fair Trade Commission found that post offices in the Kanto region had violated the Subcontracting Act by unfairly collecting high "penalties" from contractors for delivery errors and other issues without sufficient explanation, and instructed Japan Post to make corrective measures.
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Long-term interest rates: 10-year government bond yields rise to 1.115%, highest level in 13 and a half years
2025-01-06 11:18:00
In the bond market on the 6th, the yield on 10-year government bonds, which is a representative indicator of Japan's long-term interest rates, temporarily rose to 1.115%, the highest level in approximately 13 and a half years since July 2011.
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Software development, key to next-generation car competition, gets underway
2025-01-06 07:46:00
Japanese automakers are beginning to get into the swing of developing software that can update car performance, which is said to be key in the race for next-generation cars.
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With autonomous driving in sight, manufacturers are moving ahead with development to make cars more comfortable
2025-01-06 07:42:00
With an eye toward the future practical application of autonomous driving, related manufacturers are working on developing new products to make the interior of a vehicle more comfortable while traveling.
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Japan-US Trade: With the inauguration of the new Trump administration, the Japanese government will explain its investment record in the US
2025-01-06 06:50:00
This year, the new Trump administration will take office in the United States, and the future of trade relations between Japan and the U.S. will be closely watched. Given that President-elect Trump has stated that he will impose high tariffs on foreign imports in principle, the Japanese government is hoping to avoid pressure by carefully explaining the track record of Japanese investment in the U.S.
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Government to submit new bill aiming to balance regulation of artificial intelligence and technological innovation
2025-01-06 06:16:00
Amid concerns about the risks of generative AI, such as the spread of false information, the government plans to submit a new bill to the regular Diet session. While the bill calls for the government to investigate malicious cases, it also includes provisions for proper research and development, aiming to achieve both regulation and technological innovation.
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