Economic news(2025/02/03)
SoftBank Group and OpenAI announce joint venture
2025-02-03 22:12:00
SoftBank Group has announced that it will partner with the US company OpenAI to develop and sell AI for businesses, and to establish a joint venture. As competition among companies for development intensifies, the aim is to further accelerate AI-related business by deepening cooperation with OpenAI, which is a leader in the development of generative AI.
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President Trump: "We don't need anything Canadian" Japanese stock prices fall
2025-02-03 21:53:00
As the US announced that it would impose a 25% tariff on Canadian imports, and Canada indicated it would begin retaliatory measures, President Trump posted on social media that "America doesn't need anything Canada has," emphasizing his belief that the US economy would not be hit. President Trump's move has already shaken up financial markets. Concerns about the future of the global economy have intensified, and stock prices fell sharply in Japan and other parts of Asia on the 3rd.
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Mitsubishi Motors to "make decision based on discussions" and join Honda-Nissan merger talks
2025-02-03 20:57:00
Regarding whether Mitsubishi Motors will join talks between Honda and Nissan Motor Co., Ltd. toward a business integration, President Takao Kato said, "We would like to make a decision quickly, taking into account the discussions between the two companies," indicating that he intends to decide how the company will be involved, including whether to form a partnership, by mid-February.
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SoftBank Group and OpenAI announce joint venture
2025-02-03 20:36:00
SoftBank Group has announced that it will partner with the US company OpenAI to develop and sell AI for businesses, and to establish a joint venture. As competition among companies for development intensifies, the aim is to further accelerate AI-related business by deepening cooperation with OpenAI, which is a leader in the development of generative AI.
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Chubu Electric Power records 17.9 billion yen loss in April-December financial results over offshore wind power generation
2025-02-03 19:58:00
Regarding offshore wind power generation, which the government has positioned as a pillar of its renewable energy expansion, Chubu Electric Power announced that it had recorded a loss of 17.9 billion yen in its financial statements for the period from April to December last year, after it had reassessed the profitability of a business in which its subsidiary is involved and found that costs were higher than initially expected. Mitsubishi Corporation, which is also involved in the project, has also announced that it will reassess its profitability.
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SoftBank Group and OpenAI announce joint venture
2025-02-03 19:34:00
SoftBank Group has announced that it will partner with the US company OpenAI to develop and sell AI for businesses, and to establish a joint venture. As competition among companies for development intensifies, the aim is to further accelerate AI-related business by deepening cooperation with OpenAI, which is a leader in the development of generative AI.
TOP
SoftBank Group and OpenAI announce joint venture
2025-02-03 19:13:00
SoftBank Group has announced that it will partner with the US company OpenAI to develop and sell AI for businesses, and to establish a joint venture. As competition among companies for development intensifies, the aim is to further accelerate AI-related business by deepening cooperation with OpenAI, which is a leader in the development of generative AI.
TOP
Stock prices fall by more than 1,000 yen as President Trump's tariffs tighten
2025-02-03 18:49:00
On Monday the 3rd, the Tokyo stock market saw the Nikkei average fall by more than 1,000 yen as concerns grew over the future of the global economy following US President Trump signing an executive order to increase tariffs on imports from Canada, Mexico, and China.
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Yen temporarily falls to the upper 155 yen range against the dollar amid tougher U.S. tariffs
2025-02-03 18:26:00
At the start of the week in the Tokyo foreign exchange market, US President Trump signed an executive order to increase tariffs on imports from Canada, Mexico, and China. This led to a widespread buying of dollars on the view that inflation in the US may accelerate again in the future, and the yen temporarily fell to the high 155 yen range per dollar.
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SoftBank Group and OpenAI announce joint venture
2025-02-03 18:07:00
SoftBank Group has announced that it will partner with the US company OpenAI to develop and sell AI for businesses, and to establish a joint venture. As competition among companies for development intensifies, the aim is to further accelerate AI-related business by deepening cooperation with OpenAI, which is a leader in the development of generative AI.
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Discussion on NTT Law: Ministry of Internal Affairs and Communications council submits report
2025-02-03 17:18:00
The Ministry of Internal Affairs and Communications' advisory council, which is discussing the NTT Act, has compiled a report and submitted it to the ministry, stating that fixed-line telephones using mobile phone networks should be included in the nationwide uniform telephone service, and that the conditions currently imposed on NTT as a provider should be reviewed.
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Volleyball players in Saitama call for use of "e-Tax" for tax returns
2025-02-03 16:28:00
Ahead of the start of the application period for income tax and other tax returns this month, players on a volleyball team based in Ageo City, Saitama Prefecture, have called for people to use "e-Tax," which allows them to file their taxes via computer or smartphone.
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Stock prices fall by more than 1,000 yen as President Trump's tariffs tighten
2025-02-03 16:03:00
On Monday the 3rd, the Tokyo stock market saw the Nikkei average fall by more than 1,000 yen as concerns grew over the future of the global economy following US President Trump signing an executive order to increase tariffs on imports from Canada, Mexico, and China.
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Aichi Automotive Industry Seminar: "Strengthen information gathering on U.S. tariff policies, etc."
2025-02-03 16:01:00
A seminar for corporate representatives on the impact of U.S. President Trump's policies on the automotive industry was held in Nagoya on the 3rd, with the lecturer calling for increased information gathering on the relaxation of environmental regulations and changes to tariff policy.
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Long-term interest rates: Government bond yields rise to 1.260% at one point, the highest level in 13 years and 9 months
2025-02-03 15:40:00
In the bond market on the 3rd, following the signing of an executive order by US President Trump to increase tariffs on imports from Canada, Mexico, and China, the yield on 10-year government bonds, which is a representative indicator of Japan's long-term interest rates, temporarily rose to 1.260% due to speculation that US inflation may accelerate again.
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Stock prices temporarily fall by more than 1,100 yen due to US President Trump's tougher tariffs
2025-02-03 12:28:00
On Monday, the 3rd, the Tokyo stock market saw the Nikkei average temporarily fall by more than 1,100 yen as concerns grew over the future of the global economy following US President Trump's signing of an executive order to increase tariffs on imports from Canada, Mexico, and China.
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Fuji TV management overhaul: committee of outside directors to start exchanging opinions this week
2025-02-03 12:18:00
The committee, which consists of seven outside directors and was established by Fuji Television's parent company with the aim of revamping management, will begin exchanging opinions among itself this week and will then proceed to interview shareholders, directors, and others with a view to reviewing the management structure.
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Stock prices temporarily fall by more than 1,100 yen due to US President Trump's tougher tariffs
2025-02-03 12:05:00
On Monday, the 3rd, the Tokyo stock market saw the Nikkei average temporarily fall by more than 1,100 yen as concerns grew over the future of the global economy following US President Trump's signing of an executive order to increase tariffs on imports from Canada, Mexico, and China.
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Yen temporarily falls to the upper 155 yen range against the dollar amid tougher U.S. tariffs
2025-02-03 11:53:00
At the start of the week in Tokyo's foreign exchange market, US President Trump signed an executive order to tighten tariffs on imports from Canada, Mexico, and China, which led to a widespread buying of dollars on the view that inflation in the US may accelerate again in the future, and the yen temporarily fell to the high 155 yen range per dollar.
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Bank of Japan announces key opinions at January meeting: "Further interest rate hikes are necessary" - multiple opinions
2025-02-03 11:44:00
On the 3rd, the Bank of Japan released the main opinions expressed at last month's Monetary Policy Meeting, where it decided to raise interest rates further. It was revealed that several members expressed the opinion that if the economic and price situation continues as expected, further interest rate hikes will be necessary.
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Stock prices temporarily fall by more than 1,100 yen after US President Trump signs tariffs
2025-02-03 09:29:00
The Nikkei average temporarily fell by more than 1,100 yen on the Tokyo Stock Exchange on the 3rd, the start of the week. Following President Trump's signing of an executive order imposing a 25% tariff on imports from Canada and Mexico, and an additional 10% tariff on China, concerns about the future of the global economy have intensified, and sell orders have been increasing since the start of trading.
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Stock prices temporarily fall by more than 800 yen after US President Trump signs tariffs
2025-02-03 09:16:00
The Nikkei average temporarily dropped by more than 800 yen on the Tokyo Stock Exchange on the 3rd, the start of the week. Following President Trump's signing of an executive order imposing a 25% tariff on imports from Canada and Mexico and an additional 10% tariff on China, concerns about the future of the global economy have intensified, and sell orders have increased since the start of trading.
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1,656 food items to see price hikes in February, exceeding 1,000 items for two consecutive months - a private survey
2025-02-03 06:38:00
A private research company has found that the number of food items that will see price increases this month will reach 1,656, including frozen foods, marking the second consecutive month that the number of items will exceed 1,000.
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NHK survey: More than 80% of major companies expect price hikes this year
2025-02-03 03:44:00
This year, NHK conducted a survey of 100 major domestic companies regarding prices in 2025. Over 80% of the companies that responded said they "expect to raise prices overall." Many of the companies cited rising raw material and energy prices, as well as rising labor costs, as reasons for the price hikes.
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Ministry of Finance to strengthen regulations on foreign investment in domestic companies
2025-02-03 03:40:00
The Ministry of Finance has decided to strengthen regulations on foreign investment in domestic companies under the Foreign Exchange and Foreign Trade Act, and will require prior notification and screening of companies that may cooperate with foreign governments in collecting information.
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