Economic news(2025/01/24)
Fuji TV to not charge advertising fees to companies that replace commercials
2025-01-24 23:44:00
In response to a weekly magazine report alleging that Fuji Television employees were involved in trouble between Nakai Masahiro and a woman, it has been revealed that Fuji Television has indicated a policy of not charging this month's advertising fees through agencies to companies that have suspended their commercials and replaced them with advertisements from public interest incorporated associations.
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[Ask an expert] Bank of Japan's additional interest rate hike: What's the background and future prospects?
2025-01-24 20:25:00
At the Monetary Policy Meeting held until the 24th, the Bank of Japan decided to further raise the policy interest rate to around 0.5%. This is the first additional rate hike since the meeting in July last year, and the policy interest rate will be at its highest level in 17 years since October 2008. We asked experts about the background to the rate hike and future prospects.
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What will happen with the Bank of Japan's decision to raise interest rates? Interest rates on ordinary deposits will also be raised
2025-01-24 19:26:00
The Bank of Japan decided to raise the policy interest rate to around 0.5%. The Bank of Japan said that the economy and price situation continue to improve and that movements toward wage increases are spreading, and this is the first interest rate hike since its meeting in July last year. We have summarized the market reaction and impact of this announcement.
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Bank of Japan moves to raise interest rates; test is "triple-worrying" small and medium-sized enterprises [Economic column]
2025-01-24 19:16:00
The Bank of Japan has moved to raise interest rates further. One of the reasons for this decision is the momentum for companies to raise wages. In a world with interest rates, the question of how to achieve a virtuous cycle of growth and distribution will be lit by wage increases at small and medium-sized enterprises, which are said to be suffering from a "triple whammy." (Economics Department, Kentaro Magata)
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Fuji TV to hold extraordinary board meeting on 27th to discuss responsibility of CEO Minato and other executives
2025-01-24 19:00:00
In response to reports that Fuji Television employees were involved in trouble between Nakai Masahiro and a woman, it has been revealed that Fuji Television and its parent company, Fuji Media Holdings, will hold an emergency board meeting on the 27th of this month to discuss the responsibility of President Minato Koichi and other management for dealing with the series of issues, including personnel matters.
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Agriculture Minister Eto indicates intention to consider utilizing stockpiled rice as rice prices remain high
2025-01-24 18:58:00
In response to the high price of rice, Minister of Agriculture, Forestry and Fisheries Eto stated at a press conference after the Cabinet meeting that he plans to consider using reserve rice to ensure a stable supply to the market. This could change the way rice reserves are used, which has been limited in use in times when rice production has dropped significantly.
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Tesla and BYD announce new EV launches in Japan one after another, focus on market expansion
2025-01-24 18:53:00
Tesla, an American company that leads the world in EV (electric vehicle) sales, and BYD, a Chinese company, have announced plans to launch new cars in Japan one after another. With the EV market in Japan struggling to grow, the focus is on whether the world's top and second-largest manufacturers will launch an offensive to expand the market.
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Metropolitan Expressway aims to halve traffic congestion by 2040, including the introduction of a variable toll system
2025-01-24 18:37:00
The Metropolitan Expressway has announced a policy to reduce traffic congestion by half by 2040 by introducing a system that varies toll fees according to congestion.
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Bank of Japan further raises interest rate to around 0.5% Governor Ueda holds press conference
2025-01-24 17:55:00
At its monetary policy meeting held until the 24th, the Bank of Japan decided to further raise the policy interest rate to around 0.5%. This will be the first additional rate hike since the meeting in July of last year, and will bring the policy interest rate to its highest level in 17 years since October 2008. At a press conference, Bank of Japan Governor Ueda stated that the bank will consider further rate hikes if the outlook for the economy and prices to continue improving in the future. However, he emphasized that he is unsure about the pace and timing of rate hikes, and will carefully observe the economic and price situation at the time before making a decision.
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Business succession for small and medium-sized enterprises: Tokyo brokers suspended from registration for eight months
2025-01-24 17:34:00
The Ministry of Economy, Trade and Industry has revoked the registration of a Tokyo-based broker for eight months for entering into a contract with an inappropriate buyer despite being aware of the buyer's suitability under the government's registration system to support business succession at small and medium-sized enterprises. This is the first time that a broker's registration has been revoked under this system.
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Tesla and BYD announce new EV launches in Japan one after another, focus on market expansion
2025-01-24 17:33:00
Tesla, an American company that leads the world in EV (electric vehicle) sales, and BYD, a Chinese company, have announced plans to launch new cars in Japan one after another. With the EV market in Japan struggling to grow, the focus is on whether the world's top and second-largest manufacturers will launch an offensive to expand the market.
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Bank of Japan further raises interest rate to around 0.5% Governor Ueda holds press conference
2025-01-24 17:09:00
The Bank of Japan decided to further raise the policy interest rate to around 0.5% at the Monetary Policy Meeting held until the 24th. This is the first additional interest rate hike since the meeting in July last year, and the policy interest rate will be the highest in 17 years since October 2008.
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Fuji Media Holdings' major shareholder Toho "demands that efforts be made to restore trust"
2025-01-24 16:41:00
Regarding the issue of reports that Fuji TV employees were involved in trouble between Nakai Masahiro and a woman, Toho, a major shareholder of Fuji TV's parent company, Fuji Media Holdings, which holds 7.9% of the stock, issued a statement saying, "As a shareholder, we have conveyed our request that the company take appropriate measures, such as investigating the facts of the matter, and work to quickly restore trust." Furthermore, they will continue to engage in dialogue and closely monitor the company's response.
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"Haccho Miso" Aichi Prefecture, Okazaki, two long-established companies join the producer group
2025-01-24 16:22:00
A union made up of two long-established businesses in Okazaki City, Aichi Prefecture, has been added to the producers' association for "Haccho Miso," a specialty of Aichi Prefecture that has been registered as a national regional brand. The two companies have requested the government to cancel the registration, claiming that the registered manufacturing method is different from the traditional method, but their request was denied.
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FSA issues business improvement order to Toyota subsidiaries over "defects in insurance solicitation"
2025-01-24 16:21:00
On the 24th, the Financial Services Agency issued a business improvement order to Toyota Mobility Tokyo, a subsidiary of Toyota Motor Corporation and a major used car dealer, Goodspeed, citing serious flaws in the management system for insurance solicitation operations.
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[Breaking News] Bank of Japan decides to raise interest rates further Governor Ueda holds press conference
2025-01-24 16:13:00
At the Monetary Policy Meeting held until the 24th, the Bank of Japan decided to further raise the policy interest rate to around 0.5%. This is the first rate hike since the meeting in July last year, and the policy interest rate will be at its highest level in 17 years since October 2008. We will provide a quick report of Governor Ueda's remarks at the press conference on this timeline.
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What will happen with the Bank of Japan's decision to raise interest rates? How will foreign exchange and stock prices move?
2025-01-24 16:04:00
The Bank of Japan decided to raise the policy interest rate to around 0.5%. The Bank of Japan said that the economy and price situation continue to improve and that movements toward wage increases are spreading, and this is the first interest rate hike since its meeting in July last year. We have summarized the market reaction and impact of this announcement.
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Yen exchange rate rises as yen buys and dollars sell due to Bank of Japan's decision to raise interest rates
2025-01-24 14:20:00
On the Tokyo foreign exchange market on the 24th, following the Bank of Japan's decision to raise interest rates further at its monetary policy meeting, there was a trend to buy yen and sell dollars, causing the yen to rise in value.
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December Consumer Price Index rises 3.0% year-on-year, first time in 1 year and 4 months that it has been in the 3% range
2025-01-24 14:04:00
The Consumer Price Index for last month (December), which looks at the price movements of goods and services consumed at home, excluding fresh food, which is subject to large fluctuations due to weather, rose 3.0% from the same month of the previous year. This is the first time in 1 year and 4 months, since August of last year, that the rate of increase has been in the 3% range.
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Bank of Japan decides to raise interest rates further, raising policy interest rate to around 0.5%
2025-01-24 13:53:00
At the Monetary Policy Meeting held until the 24th, the Bank of Japan decided to further raise the policy interest rate to around 0.5%. The Bank of Japan decided to raise interest rates for the first time since its meeting in July last year, citing continued improvement in the economy and price situation and the growing trend toward wage increases.
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Agriculture Minister Eto indicates intention to consider utilizing stockpiled rice as rice prices remain high
2025-01-24 13:03:00
In response to the high price of rice, Minister of Agriculture, Forestry and Fisheries Eto stated at a press conference after the Cabinet meeting that he plans to consider using reserve rice to ensure a stable supply to the market. This could change the way rice reserves are used, which has been limited in use in times when rice production has dropped significantly.
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Bank of Japan decides to raise interest rates further, raising policy interest rate to around 0.5%
2025-01-24 12:28:00
At the Monetary Policy Meeting held until the 24th, the Bank of Japan decided to further raise the policy interest rate to around 0.5%. The Bank of Japan decided to raise interest rates for the first time since its meeting in July last year, citing continued improvement in the economy and price situation and the growing trend toward wage increases.
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Mail order giant Japanet HD also suspends Fuji TV commercial airing
2025-01-24 12:21:00
Following a weekly magazine report alleging that Fuji Television employees were involved in a dispute between entertainer Nakai Masahiro and a woman, Japanet Holdings, a major mail-order company headquartered in Sasebo, Nagasaki Prefecture, has also decided to suspend the airing of its commercials on programs produced by Fuji Television.
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"Haccho Miso" Aichi Prefecture, Okazaki, two long-established companies join the producer group
2025-01-24 12:12:00
A union made up of two long-established businesses in Okazaki City, Aichi Prefecture, has been added to the producers' association for "Haccho Miso," a specialty of Aichi Prefecture that has been registered as a national regional brand. The two companies have requested the government to cancel the registration, claiming that the registered manufacturing method is different from the traditional method, but their request was denied.
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Stock prices rise in the New York market following the rise in major stock indexes
2025-01-24 12:11:00
Ahead of the announcement of the results of the Bank of Japan's monetary policy meeting on the Tokyo stock market on the 24th, the Nikkei average is rising, following the rise in major stock indexes on the New York market on the 23rd.
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Fuji TV board meeting: Employees criticize handling of matter, management responsibility comes into focus
2025-01-24 12:03:00
Regarding the issue of reports that Fuji TV employees were involved in Nakai Masahiro's troubles with women, it has been revealed that at a board meeting held on the 23rd by Fuji TV and its parent company, Fuji Media Holdings, there was a discussion on how to take responsibility for management in terms of personnel. There have been a series of criticisms of the management's response from among employees, and the focus is on the management responsibility of President Koichi Minato and others.
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Finance Minister issues business improvement order to Toyota subsidiaries over "defects in insurance solicitation"
2025-01-24 11:56:00
On the 24th, Minister of Finance Katsuyuki Kato announced that he would issue a business improvement order to Toyota Mobility Tokyo, a subsidiary of Toyota Motor Corporation and Goodspeed, a major used car dealer, citing serious flaws in the management system for insurance solicitation.
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Bank of Japan to decide on additional interest rate hike as monetary policy meeting continues
2025-01-24 11:47:00
The Bank of Japan is holding its second day of monetary policy meetings on the 24th and will announce the details of its decision soon. The Bank of Japan is expected to decide on an additional interest rate hike for the first time since July last year, as it is increasingly seeing the economy and prices improving and the movement toward wage increases.
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Government submits FY2025 general account budget proposal of over 115 trillion yen, the largest ever, to the Diet
2025-01-24 11:38:00
The government has submitted a draft budget for the new fiscal year 2025 to the Diet, with the general account total set to be the largest ever at over 115 trillion yen.
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Mail order giant Japanet HD also suspends Fuji TV commercial airing
2025-01-24 11:32:00
Following a weekly magazine report alleging that Fuji Television employees were involved in a dispute between entertainer Nakai Masahiro and a woman, Japanet Holdings, a major mail-order company headquartered in Sasebo, Nagasaki Prefecture, has also decided to suspend the airing of its commercials on programs produced by Fuji Television.
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Government submits FY2025 general account budget proposal of over 115 trillion yen, the largest ever, to the Diet
2025-01-24 10:57:00
The government has submitted a draft budget for the new fiscal year 2025 to the Diet, with the general account total set to be the largest ever at over 115 trillion yen.
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December Consumer Price Index rises 3.0% year-on-year, first time in 1 year and 4 months that it has been in the 3% range
2025-01-24 10:48:00
The Consumer Price Index for last month (December), which looks at the price movements of goods and services consumed at home, excluding fresh food, which is subject to large fluctuations due to weather, rose 3.0% from the same month of the previous year. This is the first time in 1 year and 4 months, since August of last year, that the rate of increase has been in the 3% range.
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Mitsubishi Motors to not join holding company framework in Honda-Nissan merger
2025-01-24 10:29:00
As Honda and Nissan Motor Co., Ltd. continue to discuss a business merger, it has been learned that Mitsubishi Motors Corporation is not participating in the holding company framework for the merger, but is instead considering strengthening its partnership with both companies in the development of advanced technologies and other areas.
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President Trump says they're "very rich" with massive AI investment plan
2025-01-24 08:53:00
In response to businessman Elon Musk's questioning of the financial resources of SoftBank Group and two other companies' plans to invest heavily in AI in the United States, President Trump responded by saying, "They're very rich," and expressed his hope that the plan will come to fruition.
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December Consumer Price Index increased 3.0% year-on-year
2025-01-24 08:41:00
The Consumer Price Index for last month (December), which looks at the price movements of goods and services consumed at home, excluding fresh food, which is subject to large fluctuations due to weather, rose 3.0% from the same month of the previous year. The rate of increase expanded by 0.3 percentage points from the previous month, and is the first time it has reached the 3% range since August of last year.
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U.S. Secretary of State to visit Panama, despite backlash over demand for return of Panama Canal
2025-01-24 08:15:00
U.S. Secretary of State Rubio will visit Panama next week, amid a wave of backlash and concerns over U.S. President Trump's insistence that he seek the return of the Panama Canal, a key maritime transport route in Central America.
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S&P 500 stock index hits new record high on New York Stock Exchange
2025-01-24 07:42:00
On the 23rd, the New York Stock Exchange saw an increase in buy orders due to expectations for tax cuts and other measures by US President Trump, and the S&P 500 stock index, which is calculated based on the stock prices of 500 major companies, hit a new record high.
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President Trump declares economic policy to impose tariffs on foreign goods at Davos
2025-01-24 06:47:00
At the Davos Conference, which brings together the world's top politicians and business leaders, U.S. President Trump announced that he would impose tariffs on products from abroad, while also indicating his intention to lower the corporate tax rate for companies manufacturing in the United States to 15%, in effect declaring his own economic policy of "America First" in the international forum.
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Fuji TV to set up third-party committee to make recommendations by end of March; will it restore trust?
2025-01-24 05:04:00
In response to a weekly magazine report alleging that Fuji TV employees were involved in trouble between entertainer Nakai Masahiro and a woman, Fuji TV and its parent company, Fuji Media Holdings, decided on the 23rd to set up an independent third-party committee. The committee will make recommendations based on its investigation by the end of March this year, and the question will be whether a thorough investigation can restore trust.
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NHK survey: Bank of Japan interest rate hike negatively impacts over 50% of major companies
2025-01-24 01:55:00
The Bank of Japan is expected to consider raising the policy interest rate to around 0.5% at its monetary policy meeting on the 24th. In a survey of 100 major domestic companies conducted by NHK, over 50% of the companies answered that the Bank of Japan's interest rate hikes to date were "negative" or "somewhat negative," so the Bank of Japan's decision at the meeting on the 24th will be closely watched.
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Interest payment expenses on government bonds expected to increase 1.5 times in fiscal 2028, according to Ministry of Finance calculations
2025-01-24 00:25:00
The Ministry of Finance has compiled estimates of the future fiscal situation based on the budget proposal for the new fiscal year 2025, and taking into account rising market interest rates, the cost of paying interest on government bonds is expected to increase by about 1.5 times in fiscal 2028.
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