Economic news(2025/02/28)
JA Zennoh to participate in bidding for government stockpiled rice, considering bid brands and quantities
2025-02-28 19:37:00
JA Zennoh has announced that it will participate in the bidding for the government's rice reserves scheduled to be held next month. The company plans to consider the specific quantity to bid for based on the details of the bidding that will be announced in the future.
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Three major banks raise interest rates on fixed deposits and fixed mortgage rates
2025-02-28 19:36:00
Following the interest rate hike by the Bank of Japan, major banks have announced that they will raise interest rates on fixed deposits from next month. Meanwhile, fixed interest rates for home loans effective next month have also been raised, further spreading the impact of the interest rate hike.
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March Vegetable price forecast: Cabbage and Chinese cabbage prices to remain higher than average
2025-02-28 19:10:00
The Ministry of Agriculture, Forestry and Fisheries announced its vegetable price outlook for March, stating that prices of cabbage and Chinese cabbage are expected to remain higher than average.
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International tax: US hints at withdrawal. What will become of this historic reform? [Economics column]
2025-02-28 19:08:00
If implemented, the first systemic reform of international tax rules in a century is now in doubt. In order to properly tax large global corporations, discussions have been held in various countries for over 10 years, and roughly 140 countries and regions have reached a broad agreement, but US President Trump has hinted at withdrawing from the agreement. Amid this, a meeting of finance ministers and central bank governors of the G20, or the major 20 countries, was held on the 26th and 27th. What is the future of this historic reform? (Economics reporters Yoneda Wataru and Magata Kentaro)
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The yen temporarily rises to the 149 yen range against the dollar as yen buying spreads due to falling stock prices
2025-02-28 18:47:00
On the 28th, the Tokyo foreign exchange market saw a large drop in the Nikkei Stock Average, which led to a widespread move to buy the yen, which is considered a relatively safe asset, in an attempt to avoid risk, especially in the morning, and the yen temporarily rose to the low 149 yen range against the dollar.
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The number of foreigners staying overnight in Ishikawa Prefecture reached a record high of over 2.27 million last year, doubling from the previous year
2025-02-28 18:46:00
According to a summary by the Japan Tourism Agency, the number of foreigners who stayed at hotels and inns in Ishikawa Prefecture last year totaled over 2.27 million people, the highest number ever. This is a 2.2-fold increase compared to the previous year, making it the largest increase in the country.
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Rice taste ranking: Top "Special A" brand falls below 40 for first time in 11 years
2025-02-28 18:01:00
The results of the "Taste Ranking," which evaluates the taste of rice produced last year, were announced. Due to factors such as the extreme heat last summer, the number of brands that received the highest rating of "Special A" fell below 40 for the first time in 11 years.
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Tokyo's 23 wards: February consumer price index "rice" price increase rate reaches fifth consecutive month
2025-02-28 17:59:00
The February Consumer Price Index for Tokyo's 23 wards was a preliminary figure, and excluding fresh food, which is subject to large fluctuations due to weather, it rose 2.2% from the same month last year. The price of rice, which continues to rise, rose by more than 77%, setting a new record high.
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Rice inventory at JA Group and other businesses down 16% year-on-year at end of January
2025-02-28 17:55:00
As rice prices continue to rise, rice inventories at collectors and wholesalers such as the JA Group were down 16% as of the end of January compared to the same month last year.
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Egg wholesale prices hit second highest in February in Tokyo
2025-02-28 17:03:00
In February, the wholesale price of eggs traded in the Tokyo area exceeded 300 yen per kilogram for medium-sized eggs, the second highest for February since statistics began being kept. The Ministry of Agriculture, Forestry and Fisheries attributes this to a drop in supply following a series of bird flu outbreaks last month.
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Tokyo's 23 wards: February consumer price index "rice" price increase rate reaches fifth consecutive month
2025-02-28 17:01:00
The February Consumer Price Index for Tokyo's 23 wards was a preliminary figure, and excluding fresh food, which is subject to large fluctuations due to weather, it rose 2.2% from the same month last year. The price of rice, which continues to rise, rose by more than 77%, setting a new record high.
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Stock prices fall by more than 1,400 yen, the largest this year, due to concerns over U.S. tariff policy
2025-02-28 17:00:00
On the 28th, the Tokyo stock market saw sell orders for a wide range of stocks due to growing concerns over President Trump's tariff policy, and the Nikkei average temporarily fell by more than 1,400 yen, the biggest drop this year.
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Last year's domestic overnight stays reached a record high of 650.28 million, according to the Japan Tourism Agency
2025-02-28 16:59:00
According to the Japan Tourism Agency, a preliminary estimate shows that a total of 650.28 million people stayed at hotels and inns across Japan last year, up 5.3% from the previous year and the highest number ever.
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Food prices to increase in March: over 2,000 items for the first time in five months; prices continue to rise
2025-02-28 15:57:00
A private research company has found that the number of food items whose prices will increase in March will exceed 2,000 for the first time in five months. The number of food items whose prices will increase this year has already exceeded 10,000, and prices are continuing to rise at a faster pace than last year.
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Egg wholesale prices hit second highest in February in Tokyo
2025-02-28 15:22:00
In February, the wholesale price of eggs traded in the Tokyo area exceeded 300 yen per kilogram for medium-sized eggs, the second highest for February since statistics began being kept. The Ministry of Agriculture, Forestry and Fisheries attributes this to a drop in supply following a series of bird flu outbreaks last month.
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Environment Minister expresses "great regret" over postponement of decommissioning of Toyama Shinko Power Plant's No. 1 coal-fired reactor
2025-02-28 14:40:00
On the 27th, Hokuriku Electric Power announced that it would postpone the decommissioning of the "Coal-fired Unit 1" at the Toyama-Shinko Thermal Power Plant, which was scheduled to be decommissioned this fiscal year, to around fiscal 2028, citing the need to secure a stable power source. Environment Minister Asao stated at a press conference after the Cabinet meeting on the 28th that this was "very regrettable," and expressed the view that the increase in carbon dioxide emissions due to the postponement must be offset by expanding the introduction of renewable energy sources, etc.
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Graphite electrodes "unfairly cheaply imported from China, causing damage to Japanese companies" - government estimate
2025-02-28 14:35:00
The government has announced that it believes that a product called "graphite electrodes," which is essential for steelmaking in electric furnaces, is being imported from China at unfairly cheap prices, causing damage to Japanese companies. The government plans to consider taking action, including the possibility of imposing "anti-dumping duties" that would increase tariffs.
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Tokyo's 23 wards: February consumer price index "rice" price increase rate reaches fifth consecutive month
2025-02-28 14:29:00
The February Consumer Price Index for Tokyo's 23 wards was a preliminary figure, and excluding fresh food, which is subject to large fluctuations due to weather, it rose 2.2% from the same month last year. The price of rice, which continues to rise, rose by more than 77%, setting a new record high.
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New rules for watching professional baseball games: Why limit social media posts during games?
2025-02-28 13:50:00
Watching professional baseball at the stadium and posting photos and videos of the game on social media. This way of enjoying watching baseball will be restricted starting this season. This is because the Nippon Professional Baseball Organization (NPB) has established new rules for posting on social media. Why new rules? What will happen to sports postings?
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Stock prices fall by more than 1,400 yen, the largest this year, due to concerns over U.S. tariff policy
2025-02-28 12:58:00
On the 28th, selling orders spread in the afternoon on the Tokyo Stock Exchange, and the Nikkei average fell by more than 1,400 yen, the largest drop this year. The market is increasingly wary of tariff policies after US President Trump announced that from March 4th, in addition to imposing additional tariffs on imports from China, he will also impose tariffs on imports from Mexico and Canada.
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Tesla to apply for ride-hailing approval to enter self-driving taxi business
2025-02-28 12:27:00
American electric vehicle manufacturer Tesla has applied to California authorities for approval to start a ride-hailing service, according to multiple local media reports. This is seen as a new move toward Tesla's entry into the self-driving taxi business.
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Stock prices fall by more than 1,100 yen at one point as concerns grow over the U.S. administration's tariff policy
2025-02-28 12:10:00
On the 28th, the Tokyo stock market saw sell orders for a wide range of stocks due to growing concerns over President Trump's tariff policy, and the Nikkei average temporarily fell by more than 1,100 yen in the morning.
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Tokyo's 23 wards: February Consumer Price Index "Rice" Increase Update for 5th Consecutive Month
2025-02-28 11:29:00
The February Consumer Price Index for Tokyo's 23 wards was a preliminary figure, and excluding fresh food, which is subject to large fluctuations due to weather, it rose 2.2% from the same month last year. The price of rice, which continues to rise, rose by more than 77%, setting a new record high.
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Stock prices fall by more than 1,100 yen as concerns grow over US government tariff measures
2025-02-28 11:15:00
On the 28th, the Tokyo stock market saw growing concerns over the Trump administration's tariff policy, leading to sell orders for a wide range of stocks, and the Nikkei average fell by more than 1,100 yen.
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January industrial production index fell 1.1% from the previous month, marking the third consecutive month of decline
2025-02-28 10:31:00
The January index of industrial production, which indicates corporate production activity, declined for the third consecutive month due to a decrease in production of semiconductor manufacturing equipment for export.
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Stock price falls by more than 1,000 yen Sell orders for export-related stocks
2025-02-28 09:54:00
On the 28th, the Nikkei average on the Tokyo Stock Exchange fell by more than 1,000 yen. US President Trump announced that from March 4th, he would impose additional tariffs on imports from China, as well as tariffs on imports from Mexico and Canada. This has led to a surge in sell orders, especially for export-related stocks that are likely to be affected by the tariffs.
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January industrial production index fell 1.1% from the previous month, marking the third consecutive month of decline
2025-02-28 09:12:00
The January index of industrial production, which indicates corporate production activity, was 100.5, down 1.1% from the previous month, with 2020 as the index of 100. This marks the third consecutive month of decline, and the Ministry of Economy, Trade and Industry maintained its assessment of corporate production activity as "advancing and retreating."
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Tokyo's 23 wards' consumer price index in February increased 2.2% from the same month last year
2025-02-28 08:50:00
The February Consumer Price Index for Tokyo's 23 wards, excluding fresh food, which is subject to large fluctuations due to weather, was a preliminary figure, and rose 2.2% from the same month last year. Although the rate of increase was 0.3 percentage points lower than January's 2.5%, it has remained in the 2% range for four consecutive months.
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Nasdaq plunges amid fears over tariffs
2025-02-28 07:09:00
On the 27th, the New York Stock Exchange saw growing concern over the Trump administration's tariff policies, and the Nasdaq stock index, which is dominated by tech-related stocks, fell sharply by more than 2.7% from the previous day. The Dow Jones Industrial Average had also risen by more than $450 at one point, but sell orders gradually became more prevalent, closing at $43,239.50, down $193.62 from the previous day. A market insider said, "The successive tariff policies of the Trump administration are dampening investor sentiment. Furthermore, with regard to Nvidia, which announced its financial results the previous day, sell orders spread due to concerns that profit margins will deteriorate in the near future, pushing down overall stock prices."
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Seven & i Holdings plans to launch measures to strengthen convenience store business as early as March
2025-02-28 06:48:00
Seven & i Holdings is planning to announce measures to strengthen its convenience store business as early as next month in order to increase its corporate value on its own, as the founding family has abandoned plans to take the company private. It has said that it will be difficult to accept a takeover proposal from a major Canadian convenience store chain, and the focus going forward will be on whether it can come up with a growth strategy that will surpass that offer.
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Fuji TV's February broadcasting revenue down about 90% year-on-year; focus shifts to management reform
2025-02-28 06:44:00
Fuji Television revealed that its broadcasting revenue for this month was down about 90% compared to last year due to the continued suspension of commercials in the wake of the series of problems. With its business situation worsening, the focus is on how to reform its management structure in order to restore trust.
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G20 ends without adopting a joint statement saying "protectionism hinders economic growth"
2025-02-28 06:08:00
The meeting of finance ministers and central bank governors of the G20, held in South Africa, concluded on the evening of the 27th, Japan time. As U.S. President Trump announced new tariff policies, various countries expressed the view that the rise of protectionism would hinder economic growth, but the discussions did not result in the adoption of a joint statement, leaving issues for the unity of the G20.
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