This page is the news announced by NHK, a representative TV station in Japan.

Economic news(2025/03/10)


Kyoto   Hakone

Explosion at Toyota spring factory in Aichi affects automakers

2025-03-10 22:13:00
Chuo Spring, a spring manufacturer that experienced an explosion at its factory in Toyota City, Aichi Prefecture this month, is still suspending some of its production lines. The springs that the company produces are widely used in cars, and the impact on automakers is spreading, with Toyota Motor Corporation, Daihatsu Motor Co., and Suzuki Motor Corp. suspending operations at some of their factories.

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Prime Minister Ishiba expects big wage hikes to be achieved "Working to improve productivity, etc."

2025-03-10 20:05:00
Prime Minister Ishiba expressed his hope that significant wage increases will be achieved in this year's spring labor offensive, for which responses are due on the 12th, and emphasized his intention to continue working to improve productivity and reform the labor market.

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McDonald's to raise prices of about 40% of menu items at all stores by 10 to 30 yen

2025-03-10 19:12:00
McDonald's Japan, a major hamburger chain, has announced that it will raise the prices of about 40% of its products, including hamburgers, from 10 to 30 yen starting from the 12th. This is the first price increase in a year and two months, since January last year. McDonald's Japan will raise the prices of about 40% of its menu items in all of its roughly 3,000 stores nationwide from the 12th by 10 to 30 yen.

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Stockpiled rice bidding begins; experts say prices will fall as early as April or May

2025-03-10 18:41:00
The first ever auction for the government's stockpiled rice to facilitate smooth distribution began on the 10th. Several companies, including JA Zennoh, are participating in the auction, and the focus is on whether the release of the rice into the market will lead to price stability.

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Spring labor offensive: 12th is the day when large companies will respond

2025-03-10 18:41:00
With the deadline for submitting responses to the spring labor offensive fast approaching, Keidanren Chairman Tokura expressed his hope that wage increases will become a permanent fixture, given the movement among companies to implement base-up increases.

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The yen temporarily strengthened to the low 147 yen range against the dollar.

2025-03-10 18:18:00
On the 10th, the start of the week, long-term interest rates in the US fell in the morning and rose in Japan, leading to a move to sell dollars and buy yen, and the yen temporarily appreciated to the low 147 yen range against the dollar.

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Minister of Economy, Trade and Industry Muto to meet with US Department of Commerce in the early hours of the 11th to request exemption from tariffs

2025-03-10 17:50:00
Minister of Economy, Trade and Industry Muto, who is visiting the United States, is planning to meet with Secretary of Commerce Rutnick in the early hours of the 11th (Japan time) to directly request that Japan be excluded from the 25% tariffs on steel and aluminum products, which are scheduled to take effect on the 12th, as well as the tariffs on automobiles.

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February Economic Watchers Survey Current Situation Index Decreases from Previous Month for Second Consecutive Month

2025-03-10 17:48:00
The February Economy Watchers Survey, which asks working people about their impressions of the economy, showed that the index showing the current state of the economy fell for the second consecutive month from the previous month, due to an increased tendency among consumers to save money, as well as a decline in sales due to heavy snowfall and severe cold.

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Stockpiled rice bidding begins; experts say prices will fall as early as April or May

2025-03-10 17:24:00
The first ever tender for the government's stockpiled rice, aimed at facilitating rice distribution, began on the 10th. It is expected that the rice will be available in supermarkets from late March onwards, and attention is focused on whether its release onto the market will lead to price stabilization.

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Stockpiled rice bidding begins; experts say prices will fall as early as April or May

2025-03-10 16:57:00
The first ever tender for the government's stockpiled rice, aimed at facilitating rice distribution, began on the 10th. It is expected that the rice will be available in supermarkets from late March onwards, and attention is focused on whether its release onto the market will lead to price stabilization.

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JETRO: "Supporting businesses by providing accurate information" regarding the U.S. administration's tariff measures

2025-03-10 16:55:00
As the Trump administration in the United States is poised to impose tariffs on steel and aluminum products, Norihiko Ishiguro, chairman of the Japan External Trade Organization (JETRO), has expressed his intention to support companies by providing accurate information to ensure that this does not adversely affect their overseas expansion.

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February corporate bankruptcies up for 34th consecutive month year-on-year; may exceed 10,000 this fiscal year

2025-03-10 16:22:00
Last month, more than 700 companies filed for bankruptcy nationwide, the 34th consecutive month that the number has exceeded the same month of the previous year. Due to rising prices and labor shortages, surveyed companies have pointed out that the number of bankruptcies this fiscal year may exceed 10,000 for the first time in 11 years.

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Stock price: Small price movement "Lack of material to lead to active buying orders"

2025-03-10 16:18:00
On the Tokyo stock market on the 10th, at the start of the week, there was a move to buy back stocks that had fallen sharply last week, particularly semiconductor-related stocks, but this did not spread widely due to concerns about US President Trump's tariff policy, and stock prices only moved slightly.

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January's economic activity index rises for the second consecutive month, up 0.1 points from the previous month

2025-03-10 16:05:00
内閣府が発表したことし1月の景気動向指数は景気の現状を示す「一致指数」が2020年を100とした基準で116.2となり、前の月から0.1ポイント上昇しました。指数の上昇は2か月連続です。

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Long-term interest rates: 10-year government bond yields temporarily hit 1.57%, highest in 16 years

2025-03-10 14:51:00
In the bond market, long-term interest rates continued to rise on the 10th, with the yield on the 10-year government bond, a representative indicator, rising to the 1.57% range in afternoon trading, the highest level since 2008.

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Bidding for stockpiled rice begins, expected to be available in stores from late March

2025-03-10 14:25:00
The first ever tender for the government's stockpiled rice, aimed at facilitating rice distribution, began on the 10th. It is expected that the rice will be available in supermarkets from late March onwards, and attention is focused on whether its release onto the market will lead to price stabilization.

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Toyota to expand production suspension to three plants due to explosion at partner factory

2025-03-10 13:58:00
Toyota Motor Corporation has been unable to procure some parts due to an explosion that occurred at a factory of a business partner on the 6th of this month, and has decided to suspend operations at a total of four production lines at three factories, including those of its subsidiaries, from the evening of the 10th.

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Long-term interest rates: 10-year government bond yields temporarily hit 1.57%, highest since 2008

2025-03-10 13:57:00
In the bond market, long-term interest rates continued to rise on the 10th, with the yield on the representative 10-year government bond temporarily rising to 1.57% in afternoon trading, the highest level since 2008. Interest rates have continued to rise due to speculation that the Bank of Japan may raise interest rates further in the future, but interest rates have risen further due to the sluggish auction of five-year government bonds held on the 10th and the trend of rising long-term interest rates in the United States.

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Nissan demonstrates self-driving car in busy city streets without a driver

2025-03-10 13:19:00
In order to alleviate the shortage of public transport operators, Nissan Motor Co., Ltd. has demonstrated to the press a self-driving car that runs through busy urban areas without a driver. The company aims to start a transportation service in fiscal year 2027.

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Seven & i Holdings asks Canada to sell U.S. stores to accept acquisition

2025-03-10 12:27:00
Seven & i Holdings has revealed that it has asked a major Canadian convenience store chain that is making a takeover bid to sell more than 2,000 stores in the U.S. as a prerequisite for accepting the takeover. This represents roughly 30% of the company's stores in the U.S., so the focus going forward will be on how the company will respond.

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China's current account balance in deficit for first time in two years in January due to Chinese New Year and slowing exports

2025-03-10 12:16:00
Japan's current account balance, which shows how much it earned through trade and investment with other countries, was in the red by 257.6 billion yen in January of this year. This is the first deficit in two years, and the reason for this is that local production activities have stagnated due to the Chinese New Year, slowing down exports from Japan.

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Stock prices rise as semiconductor-related stocks that fell last week are bought back

2025-03-10 12:00:00
On Monday the 10th, stock prices on the Tokyo Stock Exchange rose as investors bought back semiconductor-related stocks, which had fallen sharply last week.

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[Breaking News] January current account balance in deficit for first time in two years

2025-03-10 09:07:00
According to the Ministry of Finance's current account statistics, which show how much Japan earned from trade and investment with other countries, the current account balance in January of this year was in the red by 257.6 billion yen. This is the first time in two years since January 2023 that Japan has had a deficit.

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Development of "virtualized base stations" that handle communications processing through software progresses

2025-03-10 06:30:00
Domestic manufacturers are developing a technology called "virtualized base station," which uses software to process communications at base stations for mobile phones and other devices, rather than dedicated equipment. Foreign companies are ahead in the global market share for equipment used in base stations, so attention is focused on whether this will help domestic manufacturers make a comeback.

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Minister of Economy, Trade and Industry Muto, who is currently visiting the U.S., will meet with Secretary of Commerce Rutnick and others on the 10th

2025-03-10 05:29:00
Minister of Economy, Trade and Industry Muto, who is visiting Washington, D.C., is scheduled to meet with Secretary of Commerce Rutnick, who is in charge of tariffs and trade policy in the Trump administration, on the 10th local time. He plans to directly request that Japan be excluded from the 25% tariffs on steel and aluminum products and the tariffs on automobiles, which are scheduled to be implemented on the 12th.

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Stockpiled rice bidding begins today, expected to be available in stores from late March

2025-03-10 04:55:00
The first ever tender for government stockpiled rice to facilitate smooth distribution will begin on the 10th. It is expected that rice will be available in supermarkets and other locations from late March onwards, and attention is focused on whether its release onto the market will lead to price stabilization.

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Kyoto   Mt.Fuji


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