Economic news(2025/02/04)
[Heavy snowfall] Cars stranded, airport runways closed, schools temporarily closed, convenience stores also closed
2025-02-04 22:53:00
Hokkaido has experienced record snowfall, causing buses to be suspended and cars to be stranded. Here are the effects of the heavy snowfall in various areas on February 4th.
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Former Nissan CEO Greg Kelly found guilty in second trial at Tokyo High Court
2025-02-04 21:24:00
The Tokyo High Court has sentenced former Nissan CEO Greg Kelly, who is accused of understating the compensation of former Nissan Chairman Carlos Ghosn in the company's securities reports, to six months in prison with a three-year suspended sentence, following the first trial.
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[Heavy snowfall] Cars stranded, airport runways closed, schools temporarily closed, convenience stores also closed
2025-02-04 21:23:00
Hokkaido has experienced record snowfall, causing buses to be suspended and cars to be stranded. Here are the effects of the heavy snowfall in various areas on February 4th.
TOP
Panasonic HD to undergo restructuring, considering reviewing TV business, including sale
2025-02-04 21:19:00
Panasonic Holdings has announced that it will begin restructuring the group from fiscal 2025. It aims to improve profits by more than 300 billion yen by reviewing less profitable businesses such as televisions and reducing personnel.
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China files complaint with WTO over additional tariffs on US coal, etc.
2025-02-04 19:33:00
US President Trump announced that he had agreed with Mexico and Canada to suspend the 25% tariffs that were to be imposed on them from the 4th for one month. Meanwhile, foreign media reported that the additional 10% tariffs on China were implemented after 2:00 pm on the 4th, as scheduled.
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JR East establishes new training program for foreign talent recruitment, accepting employees from other companies
2025-02-04 19:32:00
As the railway industry faces a labor shortage issue, JR East has decided to establish a new training system to recruit foreign personnel. The company plans to accept foreign personnel not only from its own company but also from other railway companies, as an industry-wide initiative.
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[Heavy snowfall] Cars stranded, airport runways closed, schools temporarily closed, convenience stores also closed
2025-02-04 19:27:00
Hokkaido has experienced record snowfall, causing buses to be suspended and cars to be stranded. Here are the effects of the heavy snowfall in various areas on February 4th.
TOP
Six small and medium-sized business associations hold conference to promote price transfer to secure funds for wage increases
2025-02-04 19:12:00
Six organizations representing small and medium-sized enterprises in Tokyo held their first conference to call for the promotion of price pass-on in order to secure funds for wage increases, and agreed to actively engage in price negotiations.
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[Heavy snowfall] Cars stranded, airport runways closed, schools temporarily closed, convenience stores also closed
2025-02-04 19:11:00
Hokkaido has experienced record snowfall, causing buses to be suspended and cars to be stranded. Here are the effects of the heavy snowfall in various areas on February 4th.
TOP
April-December financial results for three major financial companies hit record high for this period
2025-02-04 19:06:00
The three major financial groups all posted record profits for the period from April to December last year, driven by increased corporate lending in Japan and improved interest margins due to interest rate hikes by the Bank of Japan.
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China files complaint with WTO over additional tariffs on US coal, etc.
2025-02-04 19:05:00
US President Trump announced that he had agreed with Mexico and Canada to suspend the 25% tariffs that were to be imposed on them from the 4th for one month. Meanwhile, foreign media reported that the additional 10% tariffs on China were implemented after 2:00 pm on the 4th, as scheduled.
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Listed companies' share buybacks last year topped 17 trillion yen, a record high, according to a private survey
2025-02-04 18:52:00
A private survey has found that the amount of "share buybacks" by listed companies, in which they purchase their own shares from the market, exceeded 17 trillion yen last year, the highest amount ever. Share buybacks are said to lead to higher stock prices, and it appears that an increasing number of companies are strengthening shareholder returns.
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Prime Minister Ishiba questioned at House of Representatives Budget Committee about "high-cost medical care system" and gasoline prices
2025-02-04 18:38:00
On the 4th, the House of Representatives Budget Committee held deliberations on the new fiscal year budget proposal. Questions were asked about raising the upper limit of the "High-cost Medical Care Expenses System," which reduces the out-of-pocket expenses of patients with high medical expenses, and the abolition of the provisional gasoline tax rate, and Prime Minister Ishiba responded to the questions.
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Former Nissan CEO Greg Kelly found guilty in second trial at Tokyo High Court
2025-02-04 18:37:00
The Tokyo High Court has sentenced former Nissan CEO Greg Kelly, who is accused of understating the compensation of former Nissan Chairman Carlos Ghosn in the company's securities reports, to six months in prison with a three-year suspended sentence, following the first trial.
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Honda proposes acquiring Nissan shares and making it a subsidiary, but strong opposition is voiced
2025-02-04 18:28:00
As part of the discussions between Honda and Nissan Motor Co., Ltd. toward a business integration, it has been revealed that Honda has proposed acquiring Nissan shares and making it a subsidiary. Honda is believed to be aiming to take the lead in management, but there has been strong opposition from Nissan, and it is expected that the plan will be difficult to realize.
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Yen rises slightly as fears of US inflation reviving ease
2025-02-04 18:22:00
On the 4th, the Tokyo foreign exchange market saw the dollar being sold and the yen rising slightly as concerns about a resurgence of inflation in the United States eased after the Trump administration's 25% tariffs on Mexico and Canada were suspended for one month.
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[Heavy snowfall] Cars stranded, airport runways closed, schools temporarily closed, convenience stores also closed
2025-02-04 17:48:00
Hokkaido has experienced record snowfall, causing buses to be suspended and cars to be stranded. Here are the effects of the heavy snowfall in various areas on February 4th.
TOP
Former Nissan CEO Greg Kelly found guilty in second trial at Tokyo High Court
2025-02-04 17:47:00
The Tokyo High Court has sentenced former Nissan CEO Greg Kelly, who is accused of understating the compensation of former Nissan Chairman Carlos Ghosn in the company's securities reports, to six months in prison with a three-year suspended sentence, following the first trial.
TOP
China announces investigation into Google for alleged antitrust violations
2025-02-04 17:08:00
On the 4th, China's State Administration for Market Regulation announced that it would investigate the American IT giant Google for alleged antitrust violations. Although it did not disclose the specific reasons for the investigation, some have speculated that it may be part of a retaliatory measure against the Trump administration's additional tariffs on China.
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[Heavy snowfall] Cars stranded, airport runways closed, schools temporarily closed, convenience stores also closed
2025-02-04 16:56:00
Hokkaido has experienced record snowfall, causing buses to be suspended and cars to be stranded. Here are the effects of the heavy snowfall in various areas on February 4th.
TOP
KKR to significantly raise tender offer price for Fujisoft, focus on shareholders' decision
2025-02-04 16:52:00
Two investment funds have proposed to acquire the software giant Fujisoft, and on the 4th, one of the funds significantly raised the price of its ongoing TOB (tender offer). The focus is on the judgement of shareholders as to whether the unprecedented bidding war between the giant funds will come to an end.
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China files complaint with WTO over additional tariffs on US coal, etc.
2025-02-04 16:44:00
In response to the additional tariffs imposed by the Trump administration in the United States, the Chinese government announced that it would impose additional tariffs on coal, LNG (liquefied natural gas), and other products imported from the United States from February 10th. It also revealed that it had filed a complaint with the World Trade Organization (WTO), claiming that the US measures violate the rules of the WTO. Meanwhile, the additional 10% tariffs that President Trump plans to impose on China have passed 2:00 pm on the 4th, Japan time, when they were scheduled to go into effect. However, on the afternoon of the 3rd local time, President Trump indicated his intention to hold talks with the Chinese side within 24 hours, and it appears that negotiations are still ongoing.
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Stock price gains narrow as China announces countermeasures against additional U.S. tariffs
2025-02-04 16:34:00
On the 4th, the Tokyo stock market saw the Nikkei average, which had risen by more than 600 yen at one point, narrowing its gains in the afternoon as the Chinese government announced countermeasures against additional tariffs imposed by the Trump administration in the United States.
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Honda proposes acquiring Nissan shares and making it a subsidiary, but strong opposition is voiced
2025-02-04 15:47:00
It has been revealed that Honda has proposed acquiring Nissan shares and making it a subsidiary in the ongoing discussions regarding a business integration between Honda and Nissan Motors. Honda is believed to be aiming to take the lead in management, but there has been strong opposition from Nissan, and it is expected that the plan will be difficult to realize.
TOP
Former Nissan CEO Greg Kelly found guilty in second trial at Tokyo High Court
2025-02-04 15:31:00
The Tokyo High Court has sentenced former Nissan CEO Greg Kelly, who is accused of understating the compensation of former Nissan Chairman Carlos Ghosn in the company's securities reports, to six months in prison with a three-year suspended sentence, following the first trial.
TOP
[Heavy snowfall] Cars stranded, airport runways closed, schools temporarily closed, convenience stores also closed
2025-02-04 15:11:00
Hokkaido has experienced record snowfall, causing buses to be suspended and cars to be stranded. Here are the effects of the heavy snowfall in various areas on February 4th.
TOP
China may file complaint with WTO over additional tariffs on US coal, etc.
2025-02-04 15:09:00
In response to the additional tariffs imposed by the Trump administration in the United States, the Chinese government announced that it would impose additional tariffs on imports from the United States from February 10th. This includes a 15% tariff on coal and LNG (liquefied natural gas), as well as a 10% tariff on crude oil, agricultural machinery, and large-displacement vehicles. China's Ministry of Commerce also announced that it had filed a complaint with the World Trade Organization (WTO) against the additional tariffs imposed by the Trump administration in the United States, claiming that they violate WTO rules. Meanwhile, the 10% additional tariffs that President Trump plans to impose on China have passed 2:00 p.m. Japan time on the 4th, when they were scheduled to go into effect. However, President Trump also indicated his intention to hold talks with the Chinese side within 24 hours on the afternoon of the 3rd local time, and it appears that negotiations are continuing.
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President Trump: Mexico, Canada agree to suspend tariffs; China also in talks
2025-02-04 14:00:00
US President Trump announced that he had reached an agreement with Mexico and Canada to suspend the implementation of 25% tariffs on both countries for one month, which were scheduled to begin on the 4th. Meanwhile, the additional 10% tariffs that US President Trump plans to impose on China have passed 2pm on the 4th, Japan time, the time they were scheduled to take effect. However, on the afternoon of the 3rd local time, President Trump indicated his intention to hold talks with the Chinese side within 24 hours, and it appears that negotiations are continuing.
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Prime Minister Ishiba: "Appropriate response to rising gasoline prices" at House of Representatives Budget Committee
2025-02-04 12:14:00
The House of Representatives Budget Committee was deliberating on the new fiscal year budget proposal, and Prime Minister Ishiba was repeatedly asked to quickly abolish the provisional gasoline tax rate. He said he could not specify when the tax would be abolished, but explained that the government would respond appropriately to the rising gasoline prices.
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Fuji TV parent company committee to compile recommendations today
2025-02-04 12:14:00
The committee, composed of outside directors of Fuji Media Holdings, the parent company of Fuji Television, plans to compile recommendations on the 4th for reviewing the management structure and ensuring transparency in personnel matters, and will ask the company to hold an extraordinary board meeting next week to discuss the recommendations.
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Stock prices rise by over 600 yen as US tariffs are suspended for one month
2025-02-04 12:07:00
On the 4th, the Tokyo stock market saw a rise of more than 600 yen in concerns about the future of the global economy after US President Trump revealed that he had reached an agreement with both Mexico and Canada to suspend for one month the imposition of 25% tariffs on the two countries that had been scheduled for the 4th.
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Minister of Economy, Trade and Industry Muto's proposed takeover of Seven & i Holdings: "Appropriately deal with under the Foreign Exchange Law"
2025-02-04 12:04:00
Regarding the takeover proposal that Seven & i Holdings has received from a major Canadian convenience store chain, Minister of Economy, Trade and Industry Muto stated his intention to closely monitor the impact on convenience stores' function as social infrastructure and to deal with the matter appropriately in accordance with the Foreign Exchange and Foreign Trade Act.
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President Trump: Mexico, Canada agree to suspend tariffs; China also in talks
2025-02-04 12:02:00
US President Trump has announced that he has agreed with Mexico and Canada to suspend for one month the implementation of 25% tariffs on goods that were scheduled to be imposed from the 4th. On the other hand, he has indicated his intention to hold talks with China, which plans to impose an additional 10% tariff from the 4th, and it appears that negotiations are continuing.
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Exports of agricultural, forestry and fishery products and food products last year reached a record high of over 1.5 trillion yen
2025-02-04 10:21:00
The Ministry of Agriculture, Forestry and Fisheries officially announced that the total value of agricultural, forestry and fishery products and food exports from Japan to overseas countries last year reached a new record high, exceeding 1.5 trillion yen for the first time. The ministry attributes this to the growing popularity of Japanese food around the world.
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Stock prices temporarily rise by more than 600 yen as US tariffs are suspended for one month
2025-02-04 09:45:00
On the 4th, the Tokyo stock market saw a slight easing of concerns about the future of the global economy after US President Trump revealed that he had reached an agreement with Mexico and Canada to suspend for one month the imposition of 25% tariffs on those countries that had been scheduled for the 4th. As a result, the Nikkei average temporarily rose by more than 600 yen.
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Stock prices rise by more than 500 yen as US tariffs are suspended for one month
2025-02-04 09:10:00
On the 4th, the Tokyo Stock Exchange saw concerns about the future of the global economy ease somewhat after US President Trump revealed that he had reached an agreement with Mexico and Canada to suspend for one month the imposition of 25% tariffs on those countries that had been scheduled for the 4th. As a result, the Nikkei average temporarily rose by more than 500 yen.
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US investment fund Dalton demands Fuji TV parent company's Hieda resignation
2025-02-04 06:51:00
An American investment fund has revealed that it has sent a letter to Fuji Television's parent company, accusing it of flaws in corporate governance and demanding the resignation of its director and advisor, Hisashi Hieda.
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Expanding sales of government bonds to individuals to non-profit organizations
2025-02-04 06:25:00
The Ministry of Finance plans to expand the sales destinations of "individual government bonds" to non-profit corporations and other entities. The aim is to secure a wide range of buyers as the Bank of Japan reduces the amount of government bond purchases.
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India promotes the spread of electric bikes to combat air pollution; Japan also launches new products
2025-02-04 04:53:00
In India, the world's largest motorcycle market, the government is promoting the spread of electric motorcycles as a measure to combat air pollution, and Japanese manufacturers are also increasingly introducing new products.
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