US Consumer Price Index in January increased 3.0% year-on-year
2025-02-12 23:03:00
The US Consumer Price Index for January was released, showing a 3.0% increase compared to the same month last year.
Economic news(2025/02/12)
SoftBank Group's 9-month financial results: net profit of 636.1 billion yen, first profit in 3 years
2025-02-12 21:03:00
SoftBank Group's final profit for the nine months from April to December last year was 636.1 billion yen. This was the first time in three years that the company has posted a profit during this period, and the main reason for this was a recovery in performance in its core investment business.
Japan Display to end production at Mobara factory in Chiba by March next year
2025-02-12 20:51:00
Japan Display, a liquid crystal panel manufacturer that has posted a net loss for 10 consecutive years, has decided to end production at its factory in Mobara, Chiba Prefecture, by March of next year. It is considering selling the factory as a data center for AI.
SoftBank Group's 9-month financial results: net profit of 636.1 billion yen, first profit in 3 years
2025-02-12 19:47:00
SoftBank Group's final profit for the nine months from April to December last year was 636.1 billion yen. This was the first time in three years that the company has posted a profit during this period, and the main reason for this was a recovery in performance in its core investment business.
JR Yamada Line to allow bus use with train ticket in Iwate
2025-02-12 19:42:00
It has been learned that JR East and a local bus company have submitted a plan to the Ministry of Land, Infrastructure, Transport and Tourism to allow passengers to use the bus routes that run parallel to the JR lines in Iwate Prefecture, which have been suffering from sluggish usage and continuing to run at a loss. The two companies hope to increase convenience and help maintain public transportation.
Spring labor offensive: Focus on ensuring wage increases continue Labor-management negotiations in the auto industry also get into full swing
2025-02-12 19:07:00
With the focus of this year's spring labor offensive being on establishing permanent wage increases, labor unions at automakers and other organizations simultaneously submitted demands to management on the 12th, and labor-management negotiations are now in full swing in the auto industry as well.
Yen exchange rate falls, dollar buying and yen selling progress due to awareness of high US interest rates
2025-02-12 18:31:00
On the 12th, in the Tokyo foreign exchange market, concerns over high US interest rates led to a trend of buying dollars and selling yen, causing the yen to fall in value.
Osaka/Kansai Expo advance ticket sales are sluggish, so PR efforts are being strengthened, including consideration of introducing same-day tickets
2025-02-12 18:28:00
There are 13 days and two months until the opening of the Osaka Kansai Expo. With advance ticket sales sluggish, the Expo Association, which is the organizing body, is considering introducing same-day tickets and starting a campaign to offer a discount on advance tickets for the Expo if you buy tickets to a nearby theme park, and is trying to attract visitors with various other measures.
Purchase prices have more than doubled... "Sufficient quantities" required to release stockpiled rice
2025-02-12 18:23:00
As rice prices continue to soar, a rice store in Setagaya Ward, Tokyo, said that since last month, purchase prices have been more than double the same period last year. In addition, wholesalers have told them that it is becoming difficult to secure rice. The government indicated last week that it plans to release stockpiles of rice as soon as possible, citing a delay in rice distribution, and the store is hoping that a sufficient amount will be released.
SoftBank Group's 9-month financial results: net profit of 636.1 billion yen, first profit in 3 years
2025-02-12 18:13:00
SoftBank Group's final profit for the nine months from April to December last year was 636.1 billion yen. This was the first time in three years that the company has posted a profit during this period, and the main reason for this was a recovery in performance in its core investment business.
Toyota union submits request for spring wage hike of up to 24,450 yen per month
2025-02-12 18:12:00
On the 12th, Toyota Motor's labor union submitted a request to management for this year's spring labor offensive. In addition to asking for a lump-sum bonus equivalent to 7.6 months' worth, the same as last year, which was the highest ever, the union is also asking for a wage increase of 24,450 yen per month, based on "job type" and "qualification."
Cabbage and Chinese cabbage prices expected to be higher than average through the end of February
2025-02-12 17:39:00
The average prices of cabbage and cabbage at supermarkets and other outlets were about 2.5 times higher than average as of last week, and prices remain high. This is due to the lack of rain in major production areas through January, and the Ministry of Agriculture, Forestry and Fisheries has said that prices are expected to remain higher than average for the rest of this month.
Osaka/Kansai Expo advance ticket sales are sluggish, so PR efforts are being strengthened, including consideration of introducing same-day tickets
2025-02-12 17:09:00
There are 13 days and two months until the opening of the Osaka Kansai Expo. With advance ticket sales sluggish, the Expo Association, which is the organizing body, is considering introducing same-day tickets and starting a campaign to offer a discount on advance tickets for the Expo if you buy tickets to a nearby theme park, and is trying to attract visitors with various other measures.
Taiwan's Hon Hai Precision Industry "In talks with France's Renault to acquire Nissan shares"
2025-02-12 16:54:00
As Honda and Nissan Motor Co., Ltd. decide to end their discussions on a business integration, the chairman of Taiwan's major electronics manufacturer Hon Hai Precision Industry Co., Ltd. revealed that he had held talks with Renault, the French automaker that is Nissan's largest shareholder. He also said that they had discussed acquiring Nissan's shares, but that the aim was to cooperate with Renault, not to acquire the company.
Bank of Japan Governor Ueda: Rising food prices will have a "strong negative impact on people's lives"
2025-02-12 16:24:00
Bank of Japan Governor Ueda said that rising food prices, including fresh produce, are "having a strong negative impact on people's lives," and indicated that he would like to closely monitor this impact when deciding future monetary policy.
SoftBank Group's April-December financial results last year: 636.1 billion yen profit, first in three years
2025-02-12 16:18:00
SoftBank Group's final profit for the nine months from April to December last year was 636.1 billion yen. This is the first time in three years that the company has posted a profit for this period.
Stock prices rise slightly
2025-02-12 16:14:00
On the 12th, the day after the holiday, the Nikkei Stock Average on the Tokyo Stock Exchange rose slightly.
Japanese companies in China: Pessimistic views on economic outlook subside but cautious approach to investment
2025-02-12 16:09:00
A survey by an organization made up of Japanese companies has revealed that the percentage of Japanese companies operating in China who expect an economic downturn in China has decreased. Pessimistic views have receded somewhat due to expectations for economic measures by the Chinese government, but concerns about the trade friction between the United States and China remain strong, and a cautious stance toward investment remains.
Isuzu Motors announces construction of new factory in southern US with investment of approximately 43 billion yen
2025-02-12 15:51:00
Isuzu Motors, a major truck manufacturer, has announced that it will invest approximately 43 billion yen to build a new factory in the southern U.S. As the Trump administration places importance on local employment and investment, attention is focused on whether such moves will become more active.
Disney "Revises executive evaluation criteria, diversity initiatives, etc."
2025-02-12 15:40:00
American media has reported that the entertainment giant Walt Disney will review its efforts in diversity, known as DEI, which has been one of the indicators used to evaluate executives. This marks the latest in a series of DEI reviews under the Trump administration that has now spread to America's leading entertainment companies.
Nippon Steel executives travel to the U.S. to hold talks with President Trump; coordination with U.S. government
2025-02-12 15:27:00
Regarding Nippon Steel's plan to acquire U.S. Steel, US President Trump stated that a large investment is necessary as a condition for the deal to be completed, and indicated his intention to meet with Nippon Steel executives this week to discuss the matter. In response to this, company executives are expected to depart for the US on the 12th to proceed with coordination with the US government there.
Cabinet approves bill to amend law to strengthen drug development, including creation of fund
2025-02-12 14:50:00
In order to strengthen Japan's new drug development capabilities, the government decided at a cabinet meeting on the 12th to amend the law to create a new fund and other measures to create an environment for active drug discovery, including improving facilities that can be used by startup companies.
Long-term interest rates: 10-year government bond yield rises to 1.34%, highest level in 14 years
2025-02-12 14:14:00
In the bond market on the 12th, following comments by Federal Reserve Chairman Powell indicating that there was no need to rush to lower interest rates, the yield on 10-year government bonds, which are a representative indicator of long-term interest rates in Japan, rose to 1.34%, the highest level in 14 years since February 2011.
Long-term interest rates: 10-year government bond yields rise to 1.33%
2025-02-12 12:27:00
In the bond market on the 12th, after US Federal Reserve Chairman Powell indicated that there was no need to rush to lower interest rates, the yield on 10-year government bonds, which is a representative indicator of Japan's long-term interest rates, temporarily rose to 1.33%, the highest level since April 2011.
Stock prices rise slightly
2025-02-12 12:15:00
On the 12th, the Tokyo stock market, the first day after the holiday, saw the Nikkei average rise slightly.
Fuji TV President: "New programs will start as scheduled in April even if commercials do not resume"
2025-02-12 12:00:00
As companies continue to suspend commercials for Fuji Television, Fuji Television President Kenji Shimizu has indicated that he would like to start new programs as scheduled from April even if full commercials do not resume.
Requested exemption from tariffs on steel and aluminum products from the U.S. government
2025-02-12 11:52:00
In response to U.S. President Trump's announcement that he would impose a 25% tariff on steel and aluminum products imported into the United States, Chief Cabinet Secretary Hayashi revealed on the 12th (Japan time) that he had requested through diplomatic channels that Japan be excluded from the measures.
Trump says US Steel acquisition requires "large-scale investment" - METI Minister expresses hope
2025-02-12 11:16:00
Regarding Nippon Steel's plan to acquire U.S. Steel, President Trump stated that a large-scale investment is required as a condition for the deal to be completed. Minister of Economy, Trade and Industry Muto expressed his hope that the talks will move forward.
Agriculture Minister Eto to announce details of stockpiled rice release, including quantity and recipients, on the 14th
2025-02-12 10:44:00
Minister of Agriculture, Forestry and Fisheries Eto has revealed that he will announce details of the release of stockpiled rice, including the quantity to be sold through auction and the recipients, on the 14th, as soon as possible.
Requested exemption from tariffs on steel and aluminum products from the U.S. government
2025-02-12 10:35:00
In response to U.S. President Trump's announcement that he would impose a 25% tariff on steel and aluminum products imported into the United States, Chief Cabinet Secretary Hayashi revealed on the 12th (Japan time) that he had requested through diplomatic channels that Japan be excluded from the measures.
Requested exemption from tariffs on steel and aluminum products from the U.S. government
2025-02-12 10:04:00
In response to U.S. President Trump's announcement that he would impose a 25% tariff on steel and aluminum products imported into the United States, Chief Cabinet Secretary Hayashi revealed on the 12th (Japan time) that he had requested through diplomatic channels that Japan be excluded from the measures.
Stockpiled rice release: details such as quantity and recipients to be announced on the 14th, Minister of Agriculture, Forestry and Fisheries Eto
2025-02-12 09:46:00
At a press conference after today's cabinet meeting, Agriculture, Forestry and Fisheries Minister Eto revealed that details of the release of stockpiled rice, including the quantity and recipients, will be announced on the 14th, the day after tomorrow, as the plan is to release the stockpiled rice as soon as possible.
"AI Action Summit" concludes with US and UK failing to sign joint statement
2025-02-12 06:09:00
The AI Action Summit, held in Paris, France, to discuss artificial intelligence (AI), issued a joint statement stating that it aims to achieve safe and open AI. However, the United States and other countries did not sign the statement, highlighting differences in positions regarding the nature of regulation and development.
25% tariffs on US steel and aluminum imports spark backlash and concern among countries
2025-02-12 05:57:00
US President Trump's announcement that he would impose a 25% tariff on steel and aluminum products imported into the US has sparked widespread opposition and concern among countries. President Trump has emphasized that the tariffs will apply to all countries, but other countries are expected to seek exemptions through direct negotiations.
Major life insurance companies to raise interest rates on "fixed" interest rates
2025-02-12 05:45:00
In anticipation of higher interest rates due to the Bank of Japan's interest rate hike, major life insurance companies are raising the interest rates that policyholders accrue when they leave their insurance money with the company instead of receiving it. Meanwhile, banks have decided to raise interest rates on ordinary savings accounts, intensifying competition among financial institutions for individuals' assets.
Strengthening efforts to increase SA turnover rate by using rest time for long-distance trucks
2025-02-12 04:57:00
In order to ensure rest time for long-distance trucks involved in logistics, efforts have been strengthened to increase the "turnover rate" at highway service areas in order to reduce full-loading.
