Economic news(2025/01/20)
Development of "AI agents" that allow AI to carry out tasks autonomously is spreading
2025-01-20 22:03:00
The development of a technology called "AI agents," in which AI (artificial intelligence) autonomously carries out tasks according to purpose without receiving detailed instructions from users, is becoming widespread.
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Japanese automakers to strengthen cooperation in EV and software fields
2025-01-20 21:56:00
Japanese automakers have decided to aim to strengthen cooperation in areas such as the development of basic technologies in the fields of electric vehicles (EVs) and vehicle software, where competition is becoming increasingly fierce.
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US Steel acquisition: Nippon Steel sues US President over lawsuit begins on February 3
2025-01-20 20:32:00
It has been learned that written exchanges will begin on the 3rd of next month in a lawsuit in the United States in which Nippon Steel is seeking to have the order banning the acquisition of U.S. Steel, a major American steelmaker, invalidated, alleging illegal political interference in the company's plan to acquire the company.
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Concerns over impact of Trump's tariff policy on Japanese automakers
2025-01-20 18:35:00
With U.S. President-elect Trump indicating his intention to impose a 25% tariff on all products from Mexico and Canada, there are concerns about the impact this will have on Japanese automakers, who view these countries as important production bases for the U.S. market.
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Many executive orders signed ahead of President Trump's inauguration, major policy shifts
2025-01-20 18:31:00
The inauguration ceremony for the US President will take place on the 20th (before dawn on the 21st Japan time) at the US Capitol in Washington, D.C., with Republican candidate Donald Trump taking office as president for the first time in four years. Due to severe cold and strong winds in Washington, D.C., the inauguration ceremony will be held at a hall in the center of the Capitol building, instead of outdoors in front of the Capitol as is customary, starting at 1:00 a.m. on the 21st Japan time.
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Yen falls slightly as US Fed becomes more cautious about rate cuts
2025-01-20 18:20:00
On Monday the 20th, in the Tokyo foreign exchange market, the yen fell slightly against the dollar as the view spread that the US economy was strong and the Federal Reserve Board would be cautious about cutting interest rates.
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Daiwa House Industry to raise wages by 10% on average, raising starting salary for new graduates by 100,000 yen
2025-01-20 18:15:00
Daiwa House Industry, a major housing manufacturer, has decided to raise the starting salary for new graduates by 100,000 yen from April and to raise the annual salary of its current employees by an average of 10%.
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Meiji Yasuda Life Insurance to decide on average 5% wage increase for over 40,000 employees nationwide
2025-01-20 17:33:00
Ahead of this year's spring labor offensive, major life insurance company Meiji Yasuda Life has decided to raise wages by an average of 5% for its more than 40,000 employees in Japan in the new fiscal year, 2025. As competition to acquire talent intensifies, the movement to raise wages is spreading among major life insurance companies.
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Many executive orders signed ahead of President Trump's inauguration, major policy shifts
2025-01-20 16:28:00
The inauguration ceremony for the US President will take place on the 20th (before dawn on the 21st Japan time) at the US Capitol in Washington, D.C., with Republican candidate Donald Trump taking office as president for the first time in four years. Due to severe cold and strong winds in Washington, D.C., the inauguration ceremony will be held at a hall in the center of the Capitol building, instead of outdoors in front of the Capitol as is customary, starting at 1:00 a.m. on the 21st Japan time.
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Stock prices rise Buy orders for a wide range of stocks due to the outlook for a strong US economy
2025-01-20 16:01:00
At the start of the week on the 20th, the Tokyo stock market saw a rise in buy orders across a wide range of stocks due to the view that the US economy was strong, and the Nikkei average rose.
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China Country Garden “prospects of reaching an agreement with creditors” court postpones liquidation decision
2025-01-20 15:58:00
In a lawsuit against China's struggling real estate giant Country Garden, in which some creditors have filed a petition for liquidation, the company has explained that it expects to reach an agreement with creditors by next month regarding debt restructuring, and the court has postponed a decision.
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Chinese Vice President Meets with Vice President-elect Vance and Musk
2025-01-20 15:53:00
Chinese Vice President Han Zheng, who is visiting Washington to attend the inauguration of President-elect Trump, met with US Vice President-elect Vance and businessman Elon Musk, who will hold key positions in the new administration. Amid expected conflicts over tariffs and other issues between the US and China, he called for a mutually beneficial economic relationship.
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Concerns over impact of Trump's tariff policy on Japanese automakers
2025-01-20 15:18:00
With U.S. President-elect Trump indicating his intention to impose a 25% tariff on all products from Mexico and Canada, there are concerns about the impact this will have on Japanese automakers, who view these countries as important production bases for the U.S. market.
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Seven-Eleven Japan raises prices of some rice ball and bento items
2025-01-20 12:20:00
As rice prices continue to rise, major convenience store chain Seven-Eleven Japan has announced that it will raise the prices of some of its rice ball and bento items.
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Stock prices rise Major stock indexes rise in the New York market last weekend
2025-01-20 11:58:00
Buying orders are spreading across a wide range of stocks on the Tokyo stock market on the 20th, the start of the week, and on the New York market at the end of last week, following the trend of major stock price indexes all rising.
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Machinery orders in November increased for the second consecutive month, raising basic assessment for the first time in eight months
2025-01-20 11:25:00
According to the "Machinery Orders Statistics" released by the Cabinet Office last November, which shows the outlook for capital investment by companies, the amount of orders received by major machinery manufacturers from domestic companies, excluding the ships and electricity industries, which are subject to large fluctuations, was 899.6 billion yen, up 3.4% from the previous month. This is the second consecutive month of increase in order amounts. In light of this, the Cabinet Office has raised its basic assessment for the first time in eight months, stating that "signs of recovery are visible." Looking at the breakdown, in the manufacturing industry, orders from the "chemical industry," which produces semiconductor parts, etc., were strong, increasing 6% from the previous month to 462.9 billion yen, the second consecutive month of increase, while in the non-manufacturing industry, orders increased 1.2% from the previous month to 453.7 billion yen, the first increase in two months.
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Stock prices temporarily rose by more than 500 yen. Major stock indexes rose in the New York market last weekend.
2025-01-20 10:48:00
On the Tokyo stock market on the 20th, the Nikkei average temporarily rose by more than 500 yen as buy orders were placed on a wide range of stocks, following the trend of major stock indexes rising in the New York market last weekend on the back of the view that the US economy is strong.
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Bank of Japan's Monetary Policy Meeting to be held this week, focus on further interest rate hike
2025-01-20 07:47:00
The Bank of Japan will hold a monetary policy meeting on January 23rd and 24th. There is a growing opinion within the BOJ that the environment is now ripe for an additional interest rate hike, given the current economic and price situation and companies' efforts to raise wages, and the focus is on whether the bank will go ahead with the first additional interest rate hike since its meeting in July of last year.
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Kyoto company develops new technology to manufacture motors without using rare earths
2025-01-20 06:48:00
With the inauguration of Donald Trump as president, there are concerns that the conflict between the US and China will intensify, affecting the procurement of raw materials from China. Amid this, a Kyoto-based venture company has attracted attention by developing a new technology that can manufacture motors without using rare earth elements, most of which are produced in China.
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