Economic news(2025/01/07)
Sumitomo Mitsui Bank to raise starting salary to 300,000 yen from April next year
2025-01-07 20:53:00
It has been revealed that Sumitomo Mitsui Banking Corporation, one of the megabanks, has decided to raise the starting salary for new university and graduate school graduates to 300,000 yen from April next year. There have been a series of moves to raise starting salaries in the financial industry, and it seems that the competition to attract talent by improving working conditions will become even more intense.
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Resona Bank experiences another online banking glitch, possibly due to a cyber attack?
2025-01-07 20:50:00
Resona Bank has revealed that it is experiencing problems connecting to its personal internet banking service. The bank is responding to the possibility that it may have been the victim of a cyber attack that sent a large amount of data, and says that the problem is "on the way to being resolved."
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NVIDIA to provide new platform technology for robot AI development free of charge
2025-01-07 20:38:00
As the use of AI (artificial intelligence) spreads rapidly around the world, American semiconductor giant NVIDIA has announced that it will provide new core technologies suitable for the development of AI for robots and autonomous driving free of charge.
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Resona Bank's personal online banking glitch: Cyber attack?
2025-01-07 19:31:00
Resona Bank has reported that since around 5:30 pm on the 7th, there has been a problem with personal internet banking. The bank is taking measures, as it believes that this may be a cyber attack sending a large amount of data. Resona Bank also experienced intermittent problems with internet banking at the end of last year.
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Casio Computer Co., Ltd. leaks personal information of over 8,400 people due to unauthorized access
2025-01-07 19:04:00
Casio Computer Co., Ltd. announced last year that its company server had been illegally accessed, resulting in the leaking of personal information of more than 8,400 employees and business partners. The company said it would work to prevent recurrence by strengthening security measures in the future.
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Rocket development venture enters into capital and business alliance with Toyota subsidiary
2025-01-07 18:57:00
A venture company developing a new rocket in Taiki, Hokkaido, has announced that it has entered into a capital and business alliance with a subsidiary of Toyota Motor Corporation. The company will receive an investment of 7 billion yen in the future, with the aim of working together on mass production of a new rocket capable of carrying artificial satellites.
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Cabbage prices remain high, 3.3 times higher than average due to high temperatures last summer
2025-01-07 18:52:00
The price of cabbage sold at supermarkets and other stores remains high, at 3.3 times the average price, due to the high temperatures last summer and the lack of rain last month.
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The yen temporarily traded at the mid-158 yen range against the dollar, the weakest level since July of last year.
2025-01-07 18:37:00
On the 7th, in the Tokyo foreign exchange market, the view that the US would be cautious about lowering interest rates was once again brought to mind, and in the morning, there was a widespread trend of selling yen and buying dollars, and the yen temporarily fell to the mid-158 yen range per dollar, the weakest level since July of last year. After that, the yen moved in a stronger direction.
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What are the keywords chosen by top management for the Japanese economy in 2025?
2025-01-07 17:37:00
Three economic organizations including the Japan Business Federation held New Year's celebrations, where corporate executives expressed their hopes for growth in the Japanese economy through factors such as steady wage increases amid growing uncertainty in the overseas economies.
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Technology trade fair "CES" opens with Toyota and others announcing cutting-edge technologies
2025-01-07 17:34:00
Ahead of the opening of CES, the world's largest technology trade fair, major Japanese companies such as Toyota Motor Corporation and Sony also announced their cutting-edge technologies and initiatives.
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US research firm announces "Top 10 risks for this year" - Trump's influence also a factor
2025-01-07 17:24:00
An American research company that analyzes international situations has announced its "Top 10 Risks for This Year," pointing out the chaos that will result from the absence of a country to lead the international order as the greatest risk, and warning that "this year will be the most geopolitically dangerous year, comparable to the early Cold War."
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Stock prices recover to 40,000 yen range for the first time in three business days, with buying orders focused on semiconductors and export-related stocks
2025-01-07 16:57:00
On the 7th, the Tokyo stock market saw buying orders mainly for semiconductor and export-related stocks, and the Nikkei average stock price recovered to the 40,000 yen range for the first time in three business days.
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US investment fund KKR considering selling Seiyu shares; Aeon and others express interest
2025-01-07 16:37:00
It has been learned from people involved that the American investment fund KKR is considering selling its shares in Seiyu, the general supermarket chain in which it is the largest shareholder. With other investment funds and business companies such as Aeon showing interest in acquiring the shares, it is possible that the restructuring of supermarkets in Japan will accelerate.
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Mitsubishi UFJ Morgan Stanley Securities system failure resolved
2025-01-07 16:16:00
Mitsubishi UFJ Morgan Stanley Securities announced that its system for online trading of stocks and other products, which had been experiencing a system failure since the morning of the 6th, had been restored in the afternoon of the 7th, just over a day later.
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Finance Minister: "Concerned about trends in foreign exchange markets, will respond appropriately to excessive behavior"
2025-01-07 14:05:00
Regarding the yen's depreciation and the dollar's appreciation in the foreign exchange market, to the 158 yen range per dollar, the highest level since July of last year, Finance Minister Katsuyuki Kato warned of market movements at a press conference after the Cabinet meeting, saying, "We are concerned about trends in the foreign exchange market, and will take appropriate measures against any excessive behavior."
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US Department of Defense designates IT giant Tencent as a company affiliated with the Chinese military
2025-01-07 13:52:00
The US Department of Defense has announced that it will add Tencent, a Chinese IT giant that operates social media, to the list of companies with ties to the Chinese military. Tencent has responded by saying, "We are not a military company."
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Seibu Railway Used train acquired from Odakyu Electric Railway First outdoor self-propelled run
2025-01-07 13:27:00
Seibu Railway has completed the renovation of a low-power second-hand carriage it acquired from Odakyu Electric Railway, and on the 7th it ran outdoors on its own for the first time. It is unusual for a major private railway to operate a second-hand carriage from another major company, and Seibu plans to begin commercial operation of the carriages from May of this year.
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Stock prices rise by more than 900 yen, with purchase orders focused on semiconductor-related stocks
2025-01-07 13:12:00
Immediately after trading began on the 7th, the Tokyo Stock Exchange saw buying orders, mainly for semiconductor and export-related stocks, and the Nikkei average rose by more than 900 yen.
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Ministry of Agriculture, Forestry and Fisheries holds emergency meeting to deal with bird flu: "Early report of abnormalities required"
2025-01-07 12:49:00
In response to a series of confirmed cases of avian influenza at poultry farms across the country over the New Year holiday period, the Ministry of Agriculture, Forestry and Fisheries held an emergency meeting to confirm that it would once again take thorough measures to prevent the virus from being introduced into poultry farms.
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Stock prices temporarily rise by more than 900 yen, with purchase orders centered on semiconductor stocks
2025-01-07 11:06:00
On the 7th, the Tokyo stock market saw buying orders mainly for semiconductor stocks, following the rise in the Nasdaq stock index, which is dominated by technology-related stocks, on the New York market on the 6th.In addition, export-related stocks were also bought as the yen weakened and the dollar strengthened in the foreign exchange market, and the Nikkei average temporarily rose by more than 900 yen.
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[Reporter Commentary] Why does Nippon Steel file a lawsuit over the anti-takeover order? What happens next?
2025-01-07 10:52:00
Nippon Steel Corporation has filed a lawsuit against President Biden and others, seeking to invalidate the injunction against the company's planned acquisition of U.S. Steel, a major American steelmaker, claiming that President Biden's injunction is illegal political interference. At a press conference, Chairman Eiji Hashimoto stated, "We will never give up," and reiterated his intention to aim for the acquisition to happen. Keita Suzuki, a reporter from the Economic Department, explains the key points of the press conference and future prospects.
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US Fed vice chair who pushed for tougher regulations to resign to avoid conflict with next president
2025-01-07 10:50:00
The US Federal Reserve Board has announced that Vice Chairman Barr, who has been pushing for the strengthening of financial regulations, will step down. This is believed to be an attempt to avoid conflict with President-elect Trump, who is calling for the easing of financial regulations.
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Nippon Steel Chairman Hashimoto: "We will never give up on US Steel acquisition"
2025-01-07 10:29:00
Nippon Steel filed a lawsuit against President Biden and others, seeking to invalidate the injunction against the company's planned acquisition of the American steel giant U.S. Steel, claiming that President Biden's injunction is illegal political interference. At a press conference, Chairman Eiji Hashimoto stated, "We will never give up," and reiterated his intention to aim for the acquisition to happen. *We will also provide a detailed explanation of the lawsuits between Nippon Steel and U.S. Steel.
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Stock prices temporarily rise by more than 600 yen, with purchase orders centered on semiconductor stocks
2025-01-07 10:00:00
On the 7th, the Tokyo stock market saw a rise in the Nasdaq stock index, which is dominated by technology-related stocks, on the New York market on the 6th, and buying orders came in mainly for semiconductor stocks, with the Nikkei average temporarily rising by more than 600 yen.
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Nippon Steel Chairman Hashimoto: "We will never give up on US Steel acquisition"
2025-01-07 09:47:00
Nippon Steel filed a lawsuit against President Biden and others, seeking to invalidate the injunction against the company's planned acquisition of the American steel giant U.S. Steel, claiming that President Biden's injunction is illegal political interference. At a press conference, Chairman Eiji Hashimoto stated, "We will never give up," and reiterated his intention to aim for the acquisition to happen. *We will also provide a detailed explanation of the lawsuits between Nippon Steel and U.S. Steel.
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[Breaking News] Nippon Steel holds press conference to seek invalidation of anti-takeover order
2025-01-07 09:15:00
Nippon Steel filed a lawsuit against President Biden and others, seeking to invalidate the injunction against the acquisition plan of the American steel giant U.S. Steel, claiming that President Biden's injunction is illegal political interference. The company's Chairman Eiji Hashimoto held a press conference at 9:00 a.m. earlier today to explain the series of events. *The details of the lawsuit between Nippon Steel and U.S. Steel will also be explained in detail.
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Technology trade fair "CES" opens with Japanese companies showcasing their unique technologies
2025-01-07 07:21:00
Ahead of CES, the world's largest technology trade fair, opening in the United States, Japanese startups aiming to expand overseas also showed off products that utilize their unique technologies.
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Lapidus to start manufacturing prototypes of "2-nanometer generation" semiconductors in April
2025-01-07 06:45:00
Semiconductor manufacturer Rapidus plans to begin manufacturing prototypes from April this year, and with the aim of domestically producing cutting-edge semiconductors, the first focus will be on whether it can get its prototype line up and running.
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[Details] Nippon Steel to hold press conference today, file lawsuit seeking invalidation of anti-takeover order
2025-01-07 06:40:00
Regarding President Biden's injunction against Nippon Steel's plan to acquire US Steel, a major American steel manufacturer, Nippon Steel and US Steel have filed a lawsuit seeking to invalidate the injunction, claiming it is illegal political interference. The companies will hold a press conference at 9 am on the 7th to explain the situation. *We will also explain the details of the lawsuits by Nippon Steel and US Steel in detail.
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Fujitsu to sell Fujitsu General to Paloma Ream HD
2025-01-07 05:59:00
Fujitsu has decided to sell its group company "Fujitsu General," which manufactures air conditioners, etc. The company plans to concentrate its management resources on IT and AI-related businesses and expand its business.
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