Economic news(2025/01/09)
Seven & i Holdings "Will decide at the general shareholders meeting whether to accept the acquisition proposal"
2025-01-09 21:16:00
Seven & i Holdings Co., Ltd. is currently receiving a takeover bid from a major Canadian convenience store chain. CFO Yoshimichi Maruyama has stated that the company plans to decide on its future course of action, including whether to accept the bid, at the company's general shareholders meeting in May of this year.
TOP
Mitsubishi UFJ Bank suffers system glitch that affects transactions, no timeline for recovery
2025-01-09 21:15:00
Mitsubishi UFJ Bank experienced a system malfunction on the evening of the 9th, affecting some transactions, such as making it impossible to withdraw cash from ATMs of other financial institutions. At the moment, there is no prospect of recovery.
TOP
Yen exchange rate: Small fluctuations
2025-01-09 18:21:00
On the 9th, the yen fluctuated little in the Tokyo foreign exchange market.
TOP
LDP calls for government to "initiate action, including reversal" of order banning acquisition of US Steel
2025-01-09 18:19:00
Following President Biden's ban on Nippon Steel's plan to acquire U.S. Steel, a major American steelmaker, the Liberal Democratic Party said it was "difficult to understand and disappointing" and passed a resolution calling on the Japanese government to take appropriate action, including revoking the order.
TOP
Long-term interest rates: 10-year government bond yields reach highest level in 13 years and 7 months
2025-01-09 18:15:00
As long-term interest rates continue to rise, the yield on 10-year government bonds, a leading indicator in the bond market, rose to 1.185% on the 9th, the highest level in approximately 13 years and 7 months since June 2011.
TOP
Cabbage prices rise: JA Zenchu chairman: "Production areas shift, shipping volumes increase, prices stabilize"
2025-01-09 18:13:00
Regarding the continuing high prices of cabbage, JA Zenchu (National Federation of Agricultural Cooperative Associations), Chairman Toru Yamano, predicted that as the main production areas shift, shipping volumes will increase and prices will stabilize.
TOP
Bank of Japan concludes that "awareness of the need for wage increases has spread to a wide range of companies" in regional economic report
2025-01-09 18:12:00
The Bank of Japan released its "Regional Economic Report" on the 9th, which is compiled every three months. Regarding wage trends, which are an important factor in determining whether to raise interest rates further, the report concluded that the recognition that continuous wage increases are necessary due to labor shortages has spread to a wide range of companies, and the focus will be on how to reflect this in future monetary policy.
TOP
Seven & i Holdings' nine-month financial results show 65% drop in profits compared to last year due to sluggish U.S. convenience stores
2025-01-09 17:28:00
Seven & i Holdings' financial results for the nine months ending November last year showed a significant 65% drop in net profit compared to the previous year, due in part to the slump in its convenience store business in the United States.
TOP
CNN: "Trump considers declaring a state of emergency to impose uniform tariffs on all U.S. countries, including allies"
2025-01-09 16:31:00
CNN reported that President-elect Trump is considering declaring a state of emergency to impose uniform tariffs on countries, including US allies.
TOP
Stock prices temporarily fall by more than 500 yen due to concerns over a slowdown in the global economy
2025-01-09 16:16:00
On the 9th, the Tokyo stock market saw the Nikkei average temporarily fall by more than 500 yen as concerns arose that the global economy might slow down due to uncertainty over President-elect Trump's tariff policies.
TOP
China's December Consumer Price Index increases for 11th consecutive month, but rate of increase slows
2025-01-09 13:05:00
China's consumer price index rose 0.1% last month compared to the same month last year, the 11th consecutive month of positive growth, but the rate of increase is slowing and concerns about deflation remain simmering.
TOP
Long-term interest rates: 10-year government bond yields reach highest level in 13 years and 7 months
2025-01-09 12:41:00
As long-term interest rates continue to rise, the yield on 10-year government bonds, a leading indicator in the bond market, rose to 1.185% on the 9th, the highest level in approximately 13 years and 7 months since June 2011.
TOP
Stock prices fall Trump's tariff policy leads to continued inflation in the US
2025-01-09 12:36:00
On the 9th, the Tokyo stock market saw the Nikkei average fall as the view emerged that inflation in the US will continue due to uncertainty over President-elect Trump's tariff policies.
TOP