2025-02-06 23:34:00
The Bank of England, the central bank of the United Kingdom, announced that it would cut interest rates by 0.25%. This is the first rate cut in two meetings, and in Europe, central banks have been cutting interest rates one after another due to concerns about the economic downturn.
2025-02-06 21:04:00
Ahead of labor-management negotiations getting underway for this year's spring offensive, labor organization Rengo held a rally in Tokyo on the evening of the 6th, confirming that it will work to make wage increases a permanent fixture and to address the gap between large and small companies.
2025-02-06 18:35:00
In the Tokyo foreign exchange market on the 6th, following comments made in a speech by a Bank of Japan policy committee member, there was a strong movement to buy the yen on the view that the Bank of Japan would soon implement additional interest rate hikes, and the yen temporarily rose to the 151 yen range per dollar, the highest level in approximately two months since December last year.
2025-02-06 18:31:00
The heads of Honda and Nissan Motors met on the 6th, and Nissan conveyed that it was unable to accept the proposal from Honda to make Nissan a subsidiary, as there were many opposing opinions. Honda believes that it will be difficult to continue the discussions unless Nissan accepts the subsidiary, and the two companies plan to make a final decision soon on whether to end the business integration discussions.
2025-02-06 17:56:00
Regarding Nippon Steel's plan to acquire the major steel manufacturer U.S. Steel, which was banned by former U.S. President Biden, Nippon Steel Vice Chairman Takahiro Mori revealed at an earnings briefing on the 6th that he is working to ensure that moves are made under President Trump to approve the acquisition plan.
2025-02-06 17:35:00
Regarding Seven & i Holdings, which is receiving a takeover proposal from a major Canadian convenience store chain, the founding family is requesting investment from major trading company Itochu Corp. and others in order to delist the company. Regarding this, Itochu Corp. Executive Vice President Tsuyoshi Hachimura stated on the 6th that "it is true that we are considering it," and indicated that they would carefully consider the investment.
2025-02-06 16:48:00
As rice prices continue to rise, the Ministry of Agriculture, Forestry and Fisheries has reviewed its operations to make use of the government's rice stockpiles to smooth distribution. In response to this, JA Zenchu, Chairman of the National Federation of Agricultural Cooperative Associations, Toru Yamano, stated at a regular press conference on the 6th that he intends to closely monitor future trends in rice prices.
2025-02-06 16:41:00
Mitsubishi Corporation, a major trading company, has announced that it is reviewing its plans for offshore wind power generation off the coast of Akita and Chiba prefectures from scratch, citing significantly higher costs than originally anticipated.
2025-02-06 16:11:00
On the 6th, the Tokyo stock market saw the Nikkei average rise as concerns over further tightening of tariffs by the US seemed to have subsided for the time being.
2025-02-06 16:05:00
On the 6th, Tamura Naoki, a member of the Bank of Japan's Board of Directors involved in deciding monetary policy, gave a speech in Matsumoto, Nagano Prefecture, saying that the risk of an upward fluctuation in prices is growing, and that "it will be necessary to raise short-term interest rates to at least around 1% in the second half of the new fiscal year (2025)," indicating his view that interest rates should be raised multiple times in the future.
2025-02-06 13:01:00
On the 6th, Tamura Naoki, a member of the Bank of Japan's Board of Directors involved in deciding monetary policy, gave a speech in Matsumoto, Nagano Prefecture, saying that the risk of an upward fluctuation in prices is growing, and that "it will be necessary to raise short-term interest rates to at least around 1% in the second half of the new fiscal year (2025)," indicating his view that interest rates should be raised multiple times in the future.
2025-02-06 12:04:00
On the 6th, the Tokyo stock market saw the Nikkei average rise slightly as concerns over further tightening of tariffs by the US subsided for the time being.
2025-02-06 11:56:00
Honda approached Nissan Motors about making the company a subsidiary, but at the Nissan board meeting held on the 5th, there were a number of opposing opinions. The Nissan president met with the Honda president on the 6th to convey the company's intentions based on the discussions at the board meeting, and the situation is looking grim for the realization of a business integration.
2025-02-06 11:46:00
Following comments made in a speech by a Bank of Japan policy committee member on the Tokyo foreign exchange market on the 6th, there was a growing trend to buy the yen on the view that the Bank of Japan would soon implement additional interest rate hikes, and the yen temporarily rose to the 151 yen range per dollar, the highest level in approximately two months since December last year.
2025-02-06 08:16:00
As labor shortages become an issue across a wide range of industries, major restaurant chains are increasingly rethinking working and hiring methods, such as by introducing systems that allow part-time and casual employees to work flexibly at multiple stores within the group in their spare time.
2025-02-06 06:32:00
On the 5th, in the New York foreign exchange market, investors were aware of the possibility of another interest rate hike by the Bank of Japan, and the yen temporarily strengthened to the lower 152 yen range per dollar, the first time in about two months since mid-December last year.
