Economic news(2025/01/29)
JR Central's "Doctor Yellow" retires
2025-01-29 19:48:00
Among the bullet train inspection cars affectionately known as "Doctor Yellow," a car owned by JR Central was retired on the 29th. Many rail fans gathered at Tokyo Station to catch a glimpse of the car for the last time.
TOP
JR Central's "Doctor Yellow" retires
2025-01-29 18:57:00
Among the bullet train inspection cars affectionately known as "Doctor Yellow," a car owned by JR Central was retired on the 29th. Many rail fans gathered at Tokyo Station to catch a glimpse of the car for the last time.
TOP
Finance Minister Kato meets with U.S. Treasury Secretary online to confirm cooperation on currency trends, etc.
2025-01-29 18:38:00
Finance Minister Katsunobu Kato held his first online meeting with newly appointed U.S. Treasury Secretary Bessent, and confirmed that the two countries will work closely together on foreign exchange market trends and geopolitical issues.
TOP
Yen exchange rate rises
2025-01-29 18:23:00
On the 29th, the Tokyo foreign exchange market saw dollar selling and yen buying as investors took notice of the narrowing interest rate gap between Japan and the US due to the difference in the direction of monetary policy between Japan and the US, leading to an increase in the value of the yen.
TOP
Daihatsu, Toyota and Suzuki to develop light commercial electric vehicle to go on sale in FY2025
2025-01-29 18:13:00
Daihatsu Motor Co., Ltd., Toyota Motor Corporation, and Suzuki Motor Corporation have announced that they will release a light commercial electric vehicle (EV), development of which has been delayed due to Daihatsu's certification fraud scandal, by fiscal 2025.
TOP
Stock prices rise by nearly 400 yen, with a buying movement centered on semiconductor-related stocks
2025-01-29 16:59:00
On the 29th, the Tokyo stock market saw a buying movement, particularly in semiconductor-related stocks, as concerns that America's dominance in the AI development race with China was temporarily eased, and the Nikkei average rose by nearly 400 yen.
TOP
Japan Exchange Group to cut CEO's compensation following TSE former employee takeover bid scandal
2025-01-29 16:18:00
Following the case in which a former Tokyo Stock Exchange employee was indicted without being placed in custody for allegedly passing on undisclosed information about a company's tender offer to his family, it has been learned that the Japan Exchange Group, which owns the TSE, has decided to reduce the compensation of CEO Hiromi Yamamichi in order to clarify management responsibility.
TOP
Deepseek officials investigate whether OpenAI data was obtained illegally
2025-01-29 15:55:00
OpenAI, a US company developing generative AI, is investigating allegations that individuals believed to be connected to the Chinese startup DeepSeek used OpenAI's technology to illegally obtain large amounts of data, US media reported.
TOP
Sony Group Announces President Hiroki Toki as New CEO
2025-01-29 14:35:00
Sony Group announced that President Hiroki Toki will become the new CEO effective April 1st. Chairman Kenichiro Yoshida, who had been CEO until now, will continue to serve as chairman with representative authority even after his retirement.
TOP
The Bank of Japan also voiced its opinion that interest rates should be raised further at its December monetary policy meeting.
2025-01-29 12:39:00
The Bank of Japan decided to further raise interest rates last week, but minutes released on the 29th revealed that at a monetary policy meeting held in December last year, opinions were expressed that further interest rates should be raised due to the risk of prices rising.
TOP
Fuji TV's focus shifts to how to proceed with selection of new management
2025-01-29 12:36:00
In response to a series of issues surrounding Nakai Masahiro's troubles with women, Fuji Television and its parent company are considering reviewing their management structure. However, outside directors have called for changes to the way personnel decisions are made, such as to reflect the perspectives of multiple directors, so the focus is on how to go about selecting a new management team.
TOP
Stock prices rise slightly, with buying back mainly in semiconductor-related stocks
2025-01-29 12:04:00
On the 29th, the Tokyo stock market saw a small rise in the Nikkei average as a buying movement, particularly in semiconductor-related stocks, emerged as concerns that American dominance would be undermined by AI developed by Chinese companies had eased for the time being.
TOP
What happened at the Bank of Japan's 2014 "Halloween Easing" meeting? Minutes released
2025-01-29 11:42:00
The Bank of Japan has released the minutes of its monetary policy meeting held in the second half of 2014, about 10 years ago. At the end of October, the bank took additional monetary easing measures in an attempt to escape deflation, surprising financial markets as the "Halloween easing." However, the decision was made at the last minute, with those in favor slightly outnumbering those opposed, and the minutes reveal that many people expressed concern about side effects.
TOP
Boeing posts final deficit of over 1.8 trillion yen due to sluggish aircraft production
2025-01-29 06:00:00
The American aircraft manufacturer, Boeing, announced that its final financial results for last year were a loss of 1.8 trillion yen. This is the sixth consecutive year that the company has posted a final loss, due in part to a halt in aircraft production caused by a large-scale strike.
TOP
Toyota Motor Corporation's labor union announces demands for spring labor offensive
2025-01-29 05:12:00
Toyota Motor Corporation's labor union has announced its demands for this year's spring labor offensive, calling for a lump-sum bonus equivalent to 7.6 months' monthly salary, the same as last year's, which was the highest ever, as well as wage increases by job type and qualification, totaling 24,450 yen per month in the highest case.
TOP