Economic news(2025/03/06)
Volvo Car CEO: "High EU car tariffs could lead to increased production in US plants"
2025-03-06 22:31:00
The CEO of Swedish automaker Volvo Cars has said the company will consider expanding production at its US factories if the Trump administration imposes high tariffs on cars imported from the European Union.
TOP
NTT Law abolition postponed for the time being, Ministry of Internal Affairs and Communications to consider amendment and abolition of supplementary provisions
2025-03-06 20:32:00
Regarding the NTT Law, the Ministry of Internal Affairs and Communications presented a proposed revision to related laws at a joint meeting of the Liberal Democratic Party's General Affairs Committee and other parties held on the 6th. Regarding the future handling of the NTT Law, which was the focus of attention, it was decided that the revision would be reviewed "including amendment and abolition" within three years of the enforcement of the revised law, and that abolition would be postponed for the time being.
TOP
Isetan Mitsukoshi recalls 2,400 baked goods after finding plastic pieces mixed in
2025-03-06 20:09:00
Isetan Mitsukoshi Holdings has announced that it is voluntarily recalling 2,400 baked goods sold on its online site after plastic pieces were found in some of the products.
TOP
Seven & i Holdings President Isaka retires, Steven Dacus to succeed him
2025-03-06 18:32:00
Seven & i Holdings announced that its president and CEO, Ryuichi Isaka, will step down and that outside director Steven Hayes Dacus will take over as his successor. At a press conference held on the 6th, President Ryuichi Isaka, who has led the group for nine years, explained the reason for his resignation, saying that "we have reached a certain conclusion to our domestic business structure reform."
TOP
Long-term interest rates: 10-year government bond yields reach 1.5% range, highest since 2009
2025-03-06 18:26:00
Long-term interest rates continue to rise sharply in the domestic bond market, and on the 6th, the yield on 10-year government bonds, a representative indicator, rose to 1.515%, the highest level since 2009, due to rising interest rates in the United States and the view that the Bank of Japan will continue to raise interest rates in the future.
TOP
Yen exchange rate rises as yen buying and dollar selling progresses due to rising long-term interest rates in Japan
2025-03-06 18:13:00
On the 6th, the Tokyo foreign exchange market saw the yen rise in value as a result of buying of the yen and selling of the dollar due to a rise in Japanese long-term interest rates, driven by the view that the Bank of Japan will continue to raise interest rates in the future.
TOP
Chairman Kobayashi of the Japan Chamber of Commerce and Industry: "Large companies likely to raise wages to the same level as last year"
2025-03-06 17:19:00
Regarding this year's spring labor offensive, in which labor-management negotiations have gotten into full swing, Chairman Kobayashi of the Japan Chamber of Commerce and Industry expressed his hopes at a press conference on the 6th that large companies may be able to achieve high wage increases on a par with last year's.
TOP
Seven & i Holdings President Isaka retires, Steven Dacus to succeed him
2025-03-06 17:04:00
Seven & i Holdings Co. has announced that its president and CEO, Ryuichi Isaka, will step down and be replaced by outside director Steven Hayes Dacus.
TOP
Stock prices rise; tariff measures are lifted for one month; buy orders for auto-related stocks, etc.
2025-03-06 16:08:00
On the 6th, the Tokyo stock market saw the Nikkei average rise as auto-related stocks were bought after the Trump administration in the United States announced that automobiles would be exempt from the tariffs imposed on Canada and Mexico for one month.
TOP
Seven & i Holdings President Isaka retires, Steven Dacus to succeed him
2025-03-06 16:01:00
Seven & i Holdings Co. announced that President Ryuichi Isaka, who has led the group since 2016, will step down and that outside director Steven Hayes Dacus will take over as his successor.
TOP
Large-scale manufacturing facility for "SAF" aviation fuel made from waste oil completed in Sakai, Osaka
2025-03-06 15:27:00
A large-scale production facility for "SAF," a next-generation aircraft fuel made from waste oil used in kushikatsu and fried chicken, has been completed, and a commemorative ceremony was held in Sakai City, Osaka.
TOP
Marubeni to enter into technical partnership with major UK power generation company to strengthen offshore wind power generation business
2025-03-06 13:08:00
Marubeni, a major trading company, is reportedly in talks to form a technical partnership with a major power generation company in the UK, a leader in the introduction of offshore wind power, a type of technology known as "floating," in order to strengthen its business in the field, which is seeing growing expectations for the expansion of renewable energy.
TOP
Stock prices rise; tariff measures are lifted for one month; buy orders for auto-related stocks, etc.
2025-03-06 12:48:00
On the 6th, the Tokyo Stock Exchange saw a rise in stock prices as automobile-related stocks were bought after the Trump administration in the United States announced that automobiles would be exempt from the tariffs imposed on Canada and Mexico for one month.
TOP
Long-term interest rates: 10-year government bond yields reach 1.5% range, highest since 2009
2025-03-06 11:31:00
Long-term interest rates continue to rise sharply in the domestic bond market, and on the 6th, the yield on 10-year government bonds, a representative indicator, rose to the 1.5% range, the highest level since 2009, due to rising interest rates in the United States and the view that the Bank of Japan will continue to raise interest rates in the future.
TOP
Seven & i Holdings to invest 10 billion yen in 10,000 stores to expand in-store cooking
2025-03-06 05:29:00
It has been revealed that Seven & i Holdings will invest 10 billion yen to strengthen its core convenience store business, including the introduction of in-store cooking equipment to approximately 10,000 stores in Japan. With the company facing the challenge of increasing its corporate value after receiving a takeover proposal from a major Canadian convenience store chain, the company aims to expand sales by increasing the number of products it handles, such as freshly baked bread.
TOP
Automakers launch plug-in hybrid vehicles one after another, with attention focused on their popularity
2025-03-06 04:05:00
As sales of electric vehicles (EVs) are sluggish due to concerns about driving range, automakers are releasing plug-in hybrid vehicles that can run not only on batteries but also on gasoline. Demand for such vehicles is growing in China and other countries, and attention is focused on whether they will become popular in Japan as well.
TOP