Economic news(2025/01/16)
Government cuts gasoline subsidy; price expected to rise to around 185 yen in January
2025-01-16 19:32:00
In order to keep gasoline prices down, the government reduced the subsidies it has been giving to oil refiners from the 16th. As a result, the retail price of regular gasoline is expected to rise by about 5 yen per liter, reaching around 185 yen by the end of January.
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Diversity and other issues are being reconsidered in the U.S., but Japanese companies are "attaching importance" to it
2025-01-16 19:05:00
Regarding efforts to achieve diversity (DEI), there are movements among Japanese companies to review some of their activities in the United States, but each company says that their stance on prioritizing diversity remains unchanged.
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Taiwan's TSMC announces last year's financial results: Sales and profits both hit record highs
2025-01-16 19:01:00
Taiwan's TSMC, the world's largest contract manufacturer of semiconductors, announced its financial results for last year, reporting record highs in both sales and net profits due to growing demand for cutting-edge semiconductors for AI (artificial intelligence).
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The yen temporarily hits the 155 yen range against the dollar as expectations grow for further interest rate hikes by the Bank of Japan
2025-01-16 18:38:00
On the 16th, the Tokyo foreign exchange market saw a trend of buying yen and selling dollars during the day as investors became more convinced that the Bank of Japan would implement an additional interest rate hike at this month's monetary policy meeting, and the yen temporarily rose to the 155 yen range per dollar.
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Mitsubishi UFJ Bank gold bar theft case: former employee confesses to "targeting theft outside business hours"
2025-01-16 17:36:00
In a case in which a former Mitsubishi UFJ Bank employee was arrested by the Tokyo Metropolitan Police Department for stealing gold bars belonging to a customer from a safe deposit box, it has been learned from interviews with investigators that the former employee made a statement during questioning to the effect that "I mainly targeted the times when there were no customers around, and put the stolen items in a basket and took them out of the safe deposit box room."
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Government cuts gasoline subsidy; price expected to rise to around 185 yen in January
2025-01-16 17:35:00
In order to keep gasoline prices down, the government will reduce subsidies to oil refiners from the 16th. As a result, the retail price of regular gasoline will rise by about 5 yen per liter, and is expected to reach around 185 yen by the end of January.
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Mitsubishi UFJ Bank to cut compensation for president and five others in connection with former employee theft case
2025-01-16 17:29:00
Following the arrest of a former Mitsubishi UFJ Bank employee on suspicion of stealing gold bars from a safe deposit box, the bank has officially announced that it will reduce the salary of its president, Junichi Hanzawa, by 30% for three months in order to clarify who is responsible. It has also decided to reduce the salary of Chairman Naoki Hori and the executive officer in charge, bringing the total number of people who have been disciplined to five.
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Aeon voluntarily recalls 50,000 retort Chinese rice bowls due to possible resin contamination
2025-01-16 16:30:00
Aeon, a major retailer, has announced that it will voluntarily recall approximately 50,000 retort Chinese rice bowls sold at its group stores due to the possibility that resin may have been found in the food.
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Stock prices rise Buying orders for semiconductor-related stocks due to favorable financial results of Taiwan's TSMC
2025-01-16 16:11:00
On the Tokyo stock market on the 16th, the Nikkei average rose as buying orders spread to Japanese semiconductor-related stocks following the announcement of strong financial results by a major Taiwanese semiconductor company in the afternoon.
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Taiwan's TSMC announces last year's financial results: Sales and profits both hit record highs
2025-01-16 16:07:00
Taiwan's TSMC, the world's largest contract manufacturer of semiconductors, announced its financial results for the year last year on the 16th. According to the results, due to the growing demand for cutting-edge semiconductors for AI (artificial intelligence), sales increased 33.9% from 2023 to 2.8943 trillion Taiwanese dollars, or more than 13.76 trillion Japanese yen. In addition, final profit also increased 39.9% to 1.1732 trillion Taiwanese dollars, or approximately 5.58 trillion Japanese yen, with both sales and final profit reaching record highs.
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Mitsubishi UFJ Bank to cut compensation for president and five others in connection with former employee theft case
2025-01-16 16:06:00
Following the arrest of a former Mitsubishi UFJ Bank employee on suspicion of stealing gold bars from a safe deposit box, the bank has officially announced that it will reduce President Junichi Hanzawa's monthly salary by 30% for three months in order to clarify responsibility. It has also decided to reduce the salaries of Chairman Naoki Hori and the executive officer in charge, bringing the total number of people who have been disciplined to five.
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Government cuts gasoline subsidy; price expected to rise to around 185 yen in January
2025-01-16 16:04:00
In order to keep gasoline prices down, the government will reduce subsidies to oil refiners from the 16th. As a result, the retail price of regular gasoline will rise by about 5 yen per liter, and is expected to reach around 185 yen by the end of January.
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Last year's sales figures for the four major beer companies: beer sales increased for each company
2025-01-16 15:58:00
The sales results for last year of the four major beer companies have been compiled, and although many companies saw overall sales decline from the previous year due to a drop in sales of third beer following the revision of the liquor tax, each company saw an increase in sales of beer alone, due to the reduction in tax rate.
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Bank of Japan Governor Ueda makes remarks about interest rate hikes every day, spreading expectations of an interest rate hike next week
2025-01-16 15:35:00
On the 16th, Bank of Japan Governor Ueda said in a speech at a meeting held by the Second Association of Regional Banks, "I would like to discuss and decide whether to raise interest rates at next week's monetary policy meeting." He made the same remark on the 15th, and the view that the Bank of Japan will raise interest rates next week is gradually spreading in the financial markets.
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Convenience store industry group says it will be difficult to resume operations for about a week after a massive earthquake
2025-01-16 14:21:00
An industry group for convenience stores has compiled the results of a survey which suggests that in the event of a major earthquake such as the Nankai Trough earthquake, it will be difficult for stores to resume operations for around a week after the incident, especially in areas that suffer the most damage.
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Stock prices move slightly, with buying and selling mixed
2025-01-16 12:55:00
On the 16th, the Tokyo stock market saw a mix of buying and selling in the morning, with the Nikkei average stock price fluctuating slightly.
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Hino Motors settles with U.S. authorities over certification fraud, paying fines of more than 180 billion yen
2025-01-16 12:50:00
Hino Motors announced that it has reached a settlement with U.S. authorities over its emissions certification fraud scandal by paying a fine of approximately 180 billion yen.
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December Corporate Price Index rises 3.8% year-on-year due to rising electricity prices
2025-01-16 12:40:00
The Corporate Price Index for December 2024, which indicates the prices of goods traded between companies, rose 3.8% compared to the same month last year due to increases in rice prices and electricity costs.
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Mitsubishi UFJ Bank gold bar theft case: former employee confesses to "targeting theft outside business hours"
2025-01-16 12:09:00
In a case in which a former Mitsubishi UFJ Bank employee was arrested by the Tokyo Metropolitan Police Department for stealing gold bars belonging to a customer from a safe deposit box, it has been learned from interviews with investigators that the former employee made a statement during questioning to the effect that "I mainly targeted the times when there were no customers around, and put the stolen items in a basket and took them out of the safe deposit box room."
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Yen rises to 155 yen range as Bank of Japan expects further interest rate hike
2025-01-16 12:00:00
On the 16th, the Tokyo foreign exchange market saw a trend of buying yen and selling dollars increase as expectations grew that the Bank of Japan would implement an additional interest rate hike at its January monetary policy meeting, and the yen rose to the 155 yen range per dollar in the morning.
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Mitsubishi UFJ Bank president to have salary cut in connection with ex-employee safe deposit box theft
2025-01-16 11:39:00
Following the arrest of a former Mitsubishi UFJ Bank employee on suspicion of stealing gold bars from a safe deposit box, the bank has decided to punish President Junichi Hanzawa by reducing his monthly salary by 30% for three months in order to clarify responsibility. The bank also plans to reduce the salaries of Chairman Naoki Hori and several other executives in charge, and will announce this in the afternoon of the 16th.
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Mitsubishi UFJ Bank president to have salary cut in connection with ex-employee safe deposit box theft
2025-01-16 11:01:00
Following the arrest of a former Mitsubishi UFJ Bank employee on suspicion of stealing gold bars from a safe deposit box, the bank has decided to punish President Junichi Hanzawa by reducing his monthly salary by 30% for three months in order to clarify responsibility. The bank also plans to reduce the salaries of Chairman Naoki Hori and several other executives in charge, and will announce this in the afternoon of the 16th.
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US Federal Reserve's latest economic report: Concerns raised over policy changes by President-elect Trump
2025-01-16 09:24:00
The Federal Reserve Board of the United States released its latest economic report, stating that economic activity has expanded slightly or moderately. However, there are also concerns that policy changes proposed by President-elect Trump, such as raising tariffs, could have a negative impact on the economy, and this suggests that caution is growing.
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December Corporate Price Index increased 3.8% year-on-year
2025-01-16 09:05:00
The Corporate Price Index, which shows the prices of goods traded between companies, rose 3.8% last month compared to the same month last year. The growth rate remained flat from the previous month's 3.8%.
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Government cuts gasoline subsidy; price expected to rise to around 185 yen in January
2025-01-16 06:47:00
In order to keep gasoline prices down, the government will reduce subsidies to oil refiners from the 16th. As a result, the retail price of regular gasoline will rise by about 5 yen per liter, and is expected to reach around 185 yen by the end of January.
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U.S. Consumer Price Index rises 2.9% year-on-year in December
2025-01-16 01:07:00
The US Consumer Price Index for last month was released, showing a 2.9% increase compared to the same month last year. This is the third consecutive month of growth, indicating that inflation is still strong.
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