Economic news(2025/01/10)
Tokio Marine & Nichido to raise starting salaries to a maximum of 410,000 yen as competition to acquire talent intensifies
2025-01-10 20:56:00
Tokio Marine & Nichido Fire Insurance, a major non-life insurance company, has decided to raise the starting salary for new university graduates who join the company next April to a maximum of 410,000 yen. Although the conditions for this include a transfer that requires relocation, the increase in starting salary has intensified competition to attract talent in the financial industry.
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Aeon's 9-month financial results show a loss of 15.6 billion yen due to rising labor costs
2025-01-10 18:54:00
Aeon, a major retailer, announced its financial results for the nine months ending November last year, reporting a net loss of 15.6 billion yen due to rising costs such as labor and electricity costs. This is the first loss for this period in two years.
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Last year's domestic stock trading volume reached a record high of over 2,600 trillion yen, up 30% from the previous year
2025-01-10 18:21:00
Last year, when the Nikkei Stock Average hit a new all-time high, the total volume of stocks traded in Japan was over 2600 trillion yen, a 30% increase from the previous year and the highest ever.
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Yen exchange rate slightly fluctuates ahead of US employment data release
2025-01-10 18:09:00
On the Tokyo foreign exchange market on the 10th, the yen fluctuated slightly ahead of the release of US employment statistics on the evening of the 10th Japan time.
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November's economic activity index falls for the first time in three months, down 1.5 points from the previous month
2025-01-10 18:06:00
The Cabinet Office announced that the coincident index, which indicates the current state of the economy, for November last year was 115.3, down 1.5 points from the previous month, with 2020 as the base year. This is the first decline in the index in three months.
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Long-term interest rates: Government bond yields rise to 1.2%, the highest level in about 13 years and 8 months
2025-01-10 17:59:00
Long-term interest rates, which also affect fixed interest rates on mortgages, continue to rise. On the 10th, the yield on 10-year government bonds, a representative indicator in the bond market, rose to 1.2%, the highest level in about 13 years and 8 months since May 2011.
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Government sets new targets for food and beverage spending by foreign visitors to Japan to promote Japanese cuisine
2025-01-10 17:46:00
In order to promote Japanese cuisine overseas, the government has decided to consider setting new targets for the amount of food and beverage spending by foreigners visiting Japan.
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Japan Airlines improves fuel efficiency with less air resistance "shark skin" paint on aircraft
2025-01-10 17:21:00
As decarbonization becomes an issue in the aviation industry, Japan Airlines has introduced aircraft with a so-called "shark skin" paint finish on the surface to reduce air resistance in an effort to improve the fuel efficiency of its aircraft, and will begin operating them on international routes from January.
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Government sets new targets for food and beverage spending by foreign visitors to Japan to promote Japanese cuisine
2025-01-10 16:26:00
In order to promote Japanese cuisine overseas, the government has decided to consider setting new targets for the amount of food and beverage spending by foreigners visiting Japan.
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Stock prices fall Selling orders to secure immediate profits before the release of US employment statistics
2025-01-10 16:05:00
On the Tokyo stock market on the evening of the 10th, Japan time, the Nikkei average fell as sell orders were placed to secure immediate profits ahead of the release of US employment statistics.
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Heavy snowfall causes 33 post offices in Kyushu and elsewhere to suspend counter services
2025-01-10 15:19:00
Due to the heavy snowfall, Japan Post has suspended counter services at 33 post offices, mainly in the Kyushu region, on the 10th.
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Tatsumi Ceiling? What will happen to the financial markets this year? [Economics Column]
2025-01-10 15:09:00
The financial market is in the midst of a new year, also known as the "Tatsumi Ceiling" in stock market proverbs. Looking back at past years, some of them were major turning points in the history of the Japanese economy, such as the "peak of the bubble" and the "bazooka." With the remarks of President-elect Trump, who is about to take office, already shaking up the market, will stock prices continue to rise this year? Or have they already reached their ceiling? (Economics reporter Yoshida Tomohiro)
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Mitsubishi UFJ Bank's problem recovery: "System update problem?" Cause investigation
2025-01-10 13:47:00
Mitsubishi UFJ Bank experienced a system malfunction between the evening of the 9th and the morning of the 10th, affecting other financial institutions, such as making it impossible to withdraw cash from ATMs. The malfunction occurred in the accounting system that manages deposits and withdrawals, and the bank believes that the problem was related to a system update rather than a cyber attack, and is currently investigating the exact cause.
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Stock prices fall Selling orders to secure immediate profits before the release of US employment statistics
2025-01-10 12:45:00
On the Tokyo stock market on the evening of the 10th, Japan time, the Nikkei average fell as sell orders were placed to secure immediate profits ahead of the release of US employment statistics.
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Making aging water pipes earthquake-proof; starting to use new technologies such as AI and artificial satellites
2025-01-10 07:46:00
The Noto Peninsula earthquake one year ago caused a large-scale water outage, highlighting the issues surrounding aging water pipes across the country. In light of this, new technologies such as AI and artificial satellites are beginning to be used in earthquake-proofing construction work.
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Mitsubishi UFJ Bank system failure resolved
2025-01-10 06:11:00
Mitsubishi UFJ Bank experienced a system malfunction on the evening of the 9th, affecting other financial institutions, such as making it impossible to withdraw cash from ATMs, but the bank has just announced that it has "restored the system." The bank says that the malfunction was not caused by a cyber attack, but is currently investigating the exact cause.
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