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

Economic news(2025/03/11)


Kyoto   Hakone

Nissan President Uchida to step down at the end of March, succeeded by Ivan Espinosa

2025-03-11 22:32:00
Nissan Motor held a board meeting on the 11th and officially announced that President Makoto Uchida will step down at the end of March. It is believed that he was held responsible for the company's poor performance, and Ivan Espinosa, who is in charge of product planning, will take over as president.

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Volkswagen Germany's operating profit down 15.4% from the previous year

2025-03-11 20:17:00
Volkswagen, a major German automaker struggling with declining performance, announced its financial results for the full year of 2018 on the 11th, revealing that its operating profits fell 15.4% from the previous year, citing a significant increase in costs for business restructuring.

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Major life insurance companies expect wage increases this year as well. Nippon Life Insurance Co.: Average wage increase of around 5% for office workers

2025-03-11 19:41:00
In the life insurance industry, which continues to perform well in a world with interest rates, major companies are expected to raise wages again, as they did last year, and in this year's spring labor offensive, the largest company, Nippon Life Insurance, has told unions that it plans to raise wages by an average of about 5% for office workers.

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Nissan President Uchida to step down at the end of March, succeeded by Ivan Espinosa

2025-03-11 19:36:00
Nissan Motor held a board meeting on the 11th and officially announced that President Makoto Uchida will step down at the end of March. It is believed that he was held responsible for the company's poor performance, and Ivan Espinosa, who is in charge of product planning, will take over as president.

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Stockpile rice bidding results notified to participating companies, winning bid prices to be announced after the 13th

2025-03-11 19:19:00
The results of the government's rice stockpile bidding, which began on the 10th, have been sent to participating companies. The Ministry of Agriculture, Forestry and Fisheries plans to announce the results of the bidding, including the average winning bid price, after the 13th, and the focus is on whether this will lead to the stabilization of rice prices, which have continued to soar.

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Cabbage smells bad, prices remain high, more than double the average

2025-03-11 19:01:00
The price of cabbage and saury last week was more than double the average and remains high. The Ministry of Agriculture, Forestry and Fisheries expects prices to remain higher than average for the rest of this month.

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Nissan President Uchida to step down at the end of March, succeeded by Ivan Espinosa

2025-03-11 19:00:00
Nissan Motor held a board meeting on the 11th and officially announced that President Makoto Uchida will step down at the end of March. It is believed that he was held responsible for the company's poor performance, and Ivan Espinosa, who is in charge of product planning, will take over as president.

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The yen temporarily rose to the 146.50 yen range against the dollar, the highest level in about five months.

2025-03-11 18:08:00
On the 11th, in the morning on the Tokyo foreign exchange market, the yen temporarily rose to the 146.50 yen range per dollar, the highest level in approximately five months.

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Nissan President Uchida to step down at the end of March, succeeded by Ivan Espinosa

2025-03-11 18:03:00
Nissan Motor held a board meeting on the 11th and officially announced that President Makoto Uchida will step down at the end of March. It is believed that he was held responsible for the company's poor performance, and Ivan Espinosa, who is in charge of product planning, will take over as president.

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Nissan President Uchida to step down at the end of March, succeeded by Ivan Espinosa

2025-03-11 17:16:00
Nissan Motor held a board meeting on the 11th and decided that President Makoto Uchida will step down at the end of March. It is believed that he was held responsible for the company's poor performance, and Ivan Espinosa, who is in charge of product planning, will take over as president.

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Government approves amendment to Subcontract Law to promote fair price transfer

2025-03-11 16:22:00
At a cabinet meeting on the 11th, the government approved a bill to amend the Subcontracting Act, which includes a ban on purchasers unilaterally deciding unfavorable transaction prices in order to encourage fair price pass-on.

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Stock price temporarily falls by more than 1,000 yen, falling below 36,000 yen for the first time in about six months

2025-03-11 16:07:00
On the Tokyo stock market on the 11th, concerns over an economic downturn in the United States were on the mind, and the Nikkei average temporarily fell by more than 1,000 yen, falling below 36,000 yen during trading hours for the first time in about six months.

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Minister of Economy, Trade and Industry Muto: "We have not received a positive response regarding excluding Japan from U.S. tariff measures"

2025-03-11 15:32:00
Minister of Economy, Trade and Industry Muto, who is visiting the United States, met for the first time with Secretary of Commerce Rutnick, who is leading the tariff policy in the Trump administration. During the meeting, Minister Muto requested that Japan be excluded from tariff measures on steel products and automobiles, but did not receive a positive response from the US side.

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Agriculture Minister Eto: "Rice prices are falling, but it may take time for prices to stabilize"

2025-03-11 13:12:00
In relation to the bidding for stockpiled rice that began on the 10th, Agriculture, Forestry and Fisheries Minister Eto expressed his hope that the bidding will lead to stabilization of rice prices, although it may take some time for prices at supermarkets and other stores to fall.

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Stock price temporarily falls by more than 1,000 yen due to the fall of the major stock index of the New York market

2025-03-11 12:57:00
On the 11th, the Tokyo stock market saw an across-the-board decline following the trend in the New York market on the 10th, when the three major stock indexes fell sharply as concerns about an economic recession in the United States took hold. At one point, the Nikkei average fell by more than 1,000 yen.

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Seven & i Canada makes statement requesting more concrete discussions regarding proposed takeover

2025-03-11 12:56:00
A Canadian convenience store giant that has made a takeover bid for Seven & i Holdings Co. said in a statement that it is disappointed that the discussions are focused on obtaining approval from U.S. regulators, after citing insufficient responses from Seven to its proposal. It has called on Seven to enter into more specific discussions toward the takeover.

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High long-term interest rates: "Various effects on the entire economy" says Finance Minister Kato

2025-03-11 12:39:00
Regarding the high level of long-term interest rates in the bond market, Finance Minister Katsuyuki Kato stated that this has various effects on the economy as a whole, and that he will continue to work toward the stable absorption of government bonds.

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Minister of Economy, Trade and Industry Muto: "We have not received a positive response regarding excluding Japan from U.S. tariff measures"

2025-03-11 12:07:00
Minister of Economy, Trade and Industry Muto, who is visiting the United States, met for the first time with Secretary of Commerce Rutnick, who is leading the tariff policy in the Trump administration. During the meeting, Minister Muto requested that Japan be excluded from tariff measures on steel products and automobiles, but did not receive a positive response from the US side.

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Japan Post Kinki Branch Office delivery truck driver roll call may be in violation of law

2025-03-11 12:03:00
It has been discovered that roll calls for delivery truck drivers, as required by law, were not being conducted properly at several post offices in the Kinki branch of Japan Post. There is suspicion that this is in violation of the Trucking Business Act, and the company has begun an emergency investigation at post offices nationwide this month to investigate the actual situation.

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January household survey: Consumption up 0.8% from the same month last year, perhaps due to frugal tendencies

2025-03-11 11:50:00
The amount of money spent by households with two or more people in January this year increased by 0.8% in real terms, excluding price fluctuations, compared to the same month last year. The Ministry of Internal Affairs and Communications attributes the low increase to consumers' tendency to save money due to factors such as rising vegetable prices.

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GDP revised downward for October-December last year; real growth rate annualized to +2.2%

2025-03-11 11:34:00
The revised gross domestic product (GDP) figure for the period from October to December last year was revised down from the preliminary figure released last month to an annualized real growth rate of 2.2% compared to the previous three months, due to a decline in personal consumption on food, beverages, accommodation, etc.

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New bill to combat metal theft: identity verification using photo documents when making transactions

2025-03-11 11:08:00
In response to a series of incidents of theft of copper power cables used for transmitting electricity from solar power generation facilities, the government has decided on a draft of a new law that would require metal buyers to verify the identity of buyers by providing them with a document bearing their photo when making a transaction.

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Minister of Economy, Trade and Industry Muto: "We have not received a positive response regarding excluding Japan from U.S. tariff measures"

2025-03-11 10:15:00
Minister of Economy, Trade and Industry Muto, who is visiting the United States, met for the first time with Secretary of Commerce Rutnick, who is leading the tariff policy in the Trump administration. During the meeting, Minister Muto requested that Japan be excluded from tariff measures on steel products and automobiles, but did not receive a positive response from the US side regarding Japan's exclusion.

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Stock price: Sell orders immediately after trading began, temporarily dropping by more than 1,000 yen

2025-03-11 10:14:00
On the 11th, the Tokyo Stock Exchange and the Nikkei Stock Average temporarily fell by more than 1,000 yen. All three major stock indexes in the New York market fell sharply on the 10th, after President Trump's remarks were taken to have not clearly denied the possibility of an economic recession in the United States. Following this trend, investors in the Tokyo market also became more risk-averse, with sell orders spreading immediately after trading began, resulting in an across-the-board decline.

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GDP revised downward for October-December last year; real growth rate annualized to +2.2%

2025-03-11 09:49:00
The Cabinet Office announced on the 11th that the GDP (gross domestic product) for October to December 2024 will grow at an annualized rate of 2.2% compared to the previous three months. This is a downward revision from the preliminary figure of 2.8% announced on February 17th.

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Minister of Economy, Trade and Industry Muto: "There is no talk of excluding Japan from U.S. tariff measures"

2025-03-11 09:15:00
Minister of Economy, Trade and Industry Muto, who is visiting the United States, met for the first time with Secretary of Commerce Rutnick, who leads tariff policy, to request that Japan be excluded from the tariff measures on steel products and automobiles that the Trump administration is imposing.

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Household survey: January consumption up 0.8% year-on-year, second consecutive month of increase

2025-03-11 09:02:00
The Ministry of Internal Affairs and Communications announced in January that the amount spent on consumption by households with two or more people increased by 0.8% compared to the same month last year, excluding price fluctuations. This is the second consecutive month of increase, and the average household consumption amounted to 305,521 yen.

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Minister of Economy, Trade and Industry Muto requests exemption from tariff measures from U.S. Secretary of Commerce and holds press conference after request

2025-03-11 07:37:00
Minister of Economy, Trade and Industry Muto, who is visiting the United States, met for the first time with Secretary of Commerce Rutnick, who is leading tariff policy, to request that Japan be excluded from the tariff measures on steel products and automobiles that the Trump administration is implementing. The contents of the meeting will be explained at a press conference after the meeting.

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NY Dow temporarily falls by more than $1,100. President Trump's remarks may be risk aversion?

2025-03-11 07:12:00
On the 10th, the Dow Jones Industrial Average fell sharply by more than $1,100 at one point on the New York Stock Exchange. This was due to investors becoming more risk-averse as President Trump's comments were perceived as not clearly denying the possibility of an economic downturn.

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Minister of Economy, Trade and Industry Muto meets with US Secretary of Commerce to request exemption of Japan from tariff measures

2025-03-11 05:09:00
Minister of Economy, Trade and Industry Muto, who is visiting the United States, met for the first time with Secretary of Commerce Rutnick, who is leading tariff policy, to request that Japan be excluded from the tariff measures on steel products and automobiles that the Trump administration is implementing. Although the details of the meeting have not been made public, attention is focused on how the U.S. side commented on the tariff measures.

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Government rice stockpile bidding begins, results to be announced after the 13th

2025-03-11 04:16:00
The government began bidding for rice stockpiles on the 10th to facilitate smooth distribution of rice. The results, including the average winning bid price, are scheduled to be announced after the 13th, and the focus is on whether they will lead to a stabilization of rice prices, which have continued to soar.

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Nissan to decide on new structure today, discussions to begin on selecting foreign executive as candidate for next president

2025-03-11 04:07:00
Nissan Motors will hold a board meeting on the 11th to decide on a new management structure. The Nomination Committee, which puts together personnel proposals for executive management, has selected a foreign executive as a candidate to succeed President Makoto Uchida, and the decision will be discussed at the board meeting.

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University students start job hunting in earnest, with some major companies looking for starting salaries of 300,000 yen or more

2025-03-11 03:56:00
Job hunting is in full swing for university students graduating in spring 2026, and major companies are increasingly raising starting salaries to 300,000 yen or more in order to attract talented personnel.

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Over 30,000 imports of counterfeit branded goods banned in the past year, the highest number ever

2025-03-11 03:53:00
In 2024, the number of cases in which customs across the country suspended imports of counterfeit brand-name goods and other items exceeded 30,000 in one year, the highest number ever.

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Kyoto   Mt.Fuji


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