Economic news(2025/03/12)
Financial Services Agency to revise financial institution supervision guidelines following series of safe deposit box scandals
2025-03-12 22:45:00
In response to a series of scandals involving safe deposit boxes, the Financial Services Agency has decided to soon revise its supervision guidelines for financial institutions. It is expected that financial institutions will be required to review regulations to prevent fraud, such as by checking the items that are held, and will create stricter rules, such as not accepting safe deposit box storage.
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Toyota to resume operations at Aichi spring factory after explosion
2025-03-12 21:54:00
Chuo Spring, a spring manufacturer that experienced an explosion at its factory in Aichi Prefecture in March, has announced that it has partially resumed production at the affected factory. Toyota Motor Corporation has also announced that it will resume operations at its suspended factories from the evening of the 13th, as it has secured a supply of parts.
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Trump administration imposes 25% tariffs on steel and aluminum, including Japan; EU retaliates
2025-03-12 19:37:00
The Trump administration in the United States implemented a 25% tariff on imported steel and aluminum products on the afternoon of the 12th, Japan time. This applies to all countries, and tariffs will also be imposed on products exported from Japan.
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Spring labor offensive: Full pay responses one after another - wage increase situation at each company [details]
2025-03-12 19:30:00
This year's spring labor offensive was concentrated on the 12th, and large companies in the automobile and electronics industries responded with high levels of pay, including the full amount, and in some cases even exceeded the amount demanded by the union. In the future, the focus will be on whether this trend of wage increases will spread to small and medium-sized companies and lead to the correction of disparities.
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Yen falls by more than 1 yen, Ukraine situation eases concerns somewhat
2025-03-12 18:54:00
On the 12th, in the Tokyo foreign exchange market, concerns over the situation in Ukraine had eased somewhat, leading to a widespread trend of buying dollars and selling yen, causing the yen to fall by more than 1 yen.
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Trump administration imposes 25% tariffs on steel and aluminum, including Japan; EU retaliates
2025-03-12 18:48:00
The Trump administration in the United States implemented a 25% tariff on imported steel and aluminum products on the afternoon of the 12th, Japan time. This applies to all countries, and tariffs will also be imposed on products exported from Japan.
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[Breaking News] Spring Labor Offensive: Concentrated Response Day: Latest Situation on Wage Increases, Full Responses Continue
2025-03-12 18:46:00
This year's spring labor offensive was concentrated on the 12th, and large companies in the automobile and electronics industries responded with high levels of pay, including the full amount, and in some cases even exceeded the amount demanded by the union. In the future, the focus will be on whether this trend of wage increases will spread to small and medium-sized companies and lead to the correction of disparities. We will provide you with the latest updates on the situation as they occur.
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[Breaking News] Spring Labor Offensive: Concentrated Response Day: Latest Situation on Wage Increases, Full Responses Continue
2025-03-12 18:17:00
This year's spring labor offensive was concentrated on the 12th, and large companies in the automobile and electronics industries responded with high levels of pay, including the full amount. In the future, the trend of wage increases will continue at other large companies, and the focus will be on whether this momentum will spread to small and medium-sized companies and lead to the correction of the disparity with large companies. We will provide updates on the latest situation as it occurs.
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Sukiya to raise beef bowl prices by 20 to 50 yen for the second time due to rising rice prices
2025-03-12 18:14:00
In response to rising rice prices, major beef bowl chain Sukiya has announced that it will raise the price of its beef bowls by 20 to 50 yen from the 18th of this month. This is the second price increase due to the recent rise in rice prices, and the company has said it will also consider purchasing stockpiled rice released by the government.
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Trump administration imposes 25% tariffs on steel and aluminum, including Japan; EU retaliates
2025-03-12 17:54:00
The Trump administration in the United States implemented measures to impose 25% tariffs on imported steel and aluminum products at around 1:00 p.m. on the 12th, Japan time. Tariffs will also be imposed on products exported from Japan. There is a risk that trade friction will intensify further around the world.
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[Breaking News] Spring Labor Offensive: Concentrated Response Day: Latest Situation on Wage Increases, Full Responses Continue
2025-03-12 17:03:00
This year's spring labor offensive was concentrated on the 12th, and large companies in the automobile and electronics industries responded with high levels of pay, including the full amount. In the future, the trend of wage increases will continue at other large companies, and the focus will be on whether this momentum will spread to small and medium-sized companies and lead to the correction of the disparity with large companies. We will provide updates on the latest situation as it occurs.
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Trump administration imposes 25% tariffs on steel and aluminum, including Japan; EU retaliates
2025-03-12 16:59:00
The Trump administration in the United States implemented measures to impose 25% tariffs on imported steel and aluminum products at around 1:00 p.m. on the 12th, Japan time. Tariffs will also be imposed on products exported from Japan. There is a risk that trade friction will intensify further around the world.
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Imported wheat selling price for April to September is 4.6% lower than the previous six months
2025-03-12 16:43:00
The Ministry of Agriculture, Forestry and Fisheries has announced that for the six months starting in April this year, the price at which the government sells imported wheat to flour millers and other businesses will be reduced by 4.6% compared to the previous six months.
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Stock price: Small price movements
2025-03-12 16:04:00
On the 12th, the Tokyo stock market saw no widespread buying orders due to uncertainty over the future of the Trump administration's tariff measures in the United States, and stock prices fluctuated only slightly.
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[Breaking News] Spring Labor Offensive: Concentrated Response Day: Latest Situation on Wage Increases, Full Responses Continue
2025-03-12 16:02:00
This year's spring labor offensive was concentrated on the 12th, and large companies in the automobile and electronics industries responded with high levels of pay, including the full amount. In the future, the trend of wage increases will continue at other large companies, and the focus will be on whether this momentum will spread to small and medium-sized companies and lead to the correction of the disparity with large companies. We will provide updates on the latest situation as it occurs.
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[Breaking News] Spring Labor Offensive: Concentrated Response Day: Latest Situation on Wage Increases, Full Responses Continue
2025-03-12 15:08:00
This year's spring labor offensive was concentrated on the 12th, and large companies in the automobile and electronics industries responded with high levels of pay, including the full amount. In the future, the trend of wage increases will continue at other large companies, and the focus will be on whether this momentum will spread to small and medium-sized companies and lead to the correction of the disparity with large companies. We will provide updates on the latest situation as it occurs.
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Trump administration imposes 25% tariffs on steel and aluminum products, including Japan
2025-03-12 14:35:00
The Trump administration in the United States implemented measures to impose 25% tariffs on imported steel and aluminum products at around 1:00 p.m. on the 12th, Japan time. Tariffs will also be imposed on products exported from Japan. There is a risk that trade friction will intensify further around the world.
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[Breaking News] Spring Labor Offensive: Concentrated Response Day: Latest Situation on Wage Increases, Full Responses Continue
2025-03-12 13:23:00
This year's spring labor offensive was concentrated on the 12th, and large companies in the automobile and electronics industries responded with high levels of pay, including the full amount. In the future, the trend of wage increases will continue at other large companies, and the focus will be on whether this momentum will spread to small and medium-sized companies and lead to the correction of the disparity with large companies. We will provide updates on the latest situation as it occurs.
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What is the Spring Labor Offensive? What are the key points this year? [Q&A]
2025-03-12 13:17:00
The 2025 spring labor offensive has come to an end. What is a spring labor offensive? What are the key points this year? Our reporter will explain in detail.
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Trump administration imposes 25% tariffs on steel and aluminum products, including Japan
2025-03-12 13:06:00
The Trump administration in the United States implemented measures to impose 25% tariffs on imported steel and aluminum products at around 1:00 pm on the 12th (Japan time). All countries will be subject to the measures, including Japan.
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[Breaking News] Spring Labor Offensive: Concentrated Response Day: Latest Situation on Wage Increases, Full Responses Continue
2025-03-12 12:30:00
This year's spring labor offensive was concentrated on the 12th, and large companies in the automobile and electronics industries responded with high levels of pay, including the full amount. In the future, the trend of wage increases will continue at other large companies, and the focus will be on whether this momentum will spread to small and medium-sized companies and lead to the correction of the disparity with large companies. We will provide updates on the latest situation as it occurs.
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Government plans to increase rice exports to 350,000 tons by 2030
2025-03-12 12:28:00
The government has decided to set a new target of increasing rice exports, including packaged rice, to 350,000 tons by 2030. It is believed that the aim is to increase rice production, including for export, and to flexibly manage the situation by diverting rice to domestic use when domestic supply becomes tight.
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[Breaking News] Spring Labor Offensive: Concentrated Response Day: Latest Situation on Wage Increases, Full Responses Continue
2025-03-12 12:18:00
This year's spring labor offensive was concentrated on the 12th, and large companies in the automobile and electronics industries responded with high levels of pay, including the full amount. In the future, the trend of wage increases will continue at other large companies, and the focus will be on whether this momentum will spread to small and medium-sized companies and lead to the correction of the disparity with large companies. We will provide updates on the latest situation as it occurs.
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Stock price: Small price movements
2025-03-12 12:12:00
On the 12th, the Tokyo Stock Exchange saw a move to buy back stocks that had fallen in price on the 11th, but there were also many sell orders as investors sought to avoid risk due to the uncertainty surrounding the future of tariff measures by the Trump administration in the United States, resulting in stock prices fluctuating only slightly.
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Index showing business confidence of large companies +2.0 points, up for fourth consecutive quarter in January-March period
2025-03-12 11:57:00
According to the "Corporate Economic Outlook Survey" released by the Ministry of Finance and other organizations, the index showing the business confidence of large companies from January to March this year was positive for the fourth consecutive quarter. Meanwhile, the index showing the labor shortage felt by companies is at its highest since statistics began being collected.
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February Corporate Price Index rises 4.0% year-on-year due to rising rice prices and other factors
2025-03-12 10:42:00
Last month's Corporate Price Index, which indicates the prices of goods traded between companies, rose 4.0% compared to the same month last year, due in part to rising rice prices.
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Trump administration to impose 25% tariffs on steel and aluminum, including Japanese-made products
2025-03-12 10:04:00
The Trump administration in the United States is preparing to impose 25% tariffs on imported steel and aluminum products at around 1:00 pm Japan time on the 12th as scheduled. This will mean that tariffs will also be imposed on products exported from Japan, raising concerns.
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February Corporate Price Index increased 4.0% year-on-year
2025-03-12 09:10:00
The CGPI, which measures the prices of goods traded between companies, rose 4.0% in February compared to the same month last year, down from 4.2% in January.
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Index showing business confidence of large companies +2.0 points, up for fourth consecutive quarter in January-March period
2025-03-12 09:05:00
According to the "Corporate Economic Outlook Survey" released by the Ministry of Finance and other organizations, the index showing the business confidence of large companies from January to March this year was up 2.0 points, the fourth consecutive quarter of positive growth. The manufacturing industry was down 2.4 points, and the non-manufacturing industry was up 4.1 points.
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Dow falls by more than $700 as President Trump orders tariffs on Canada
2025-03-12 06:52:00
On the 11th, the New York stock market saw the Dow Jones Industrial Average fall by more than $700 due to concerns that trade frictions would intensify in the wake of President Trump's tariff measures and have a negative impact on the American economy.
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Government to nearly triple inbound food and beverage spending by 2030
2025-03-12 05:22:00
The government has set its first target for inbound food and beverage consumption. It plans to triple the current amount by 2030, with the aim of helping to popularize Japanese cuisine overseas.
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Nissan's successor as president, Espinosa, faces challenges in restructuring management and alliance strategy
2025-03-12 05:20:00
Nissan Motor Co., Ltd. announced that President Makoto Uchida will step down at the end of this month to take responsibility for the company's deteriorating performance, and that he will be shaking up the management team. Ivan Espinosa, who is in charge of product planning, will be the new president, and the company will be tasked with restructuring its management and rethinking its alliance strategy.
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Spring labor offensive: Large companies settle quickly at high levels, but will it affect small and medium-sized companies?
2025-03-12 05:17:00
This year's spring labor offensive is scheduled to be completed on the 12th, and large companies are moving to settle wage increases at high levels early on. As expectations for wage increases to take hold, the focus going forward will be on whether this momentum will spread to small and medium-sized companies and lead to the correction of the disparity with large companies.
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Major financial institutions review senior personnel affairs and compensation, and initiatives to boost motivation spread
2025-03-12 05:10:00
As competition for talent intensifies among companies and companies are increasingly making use of employees in their 60s, major financial institutions are increasingly taking steps to increase employee motivation by reviewing personnel affairs and compensation.
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Toyota, Suzuki, etc. production lines continue to be halted due to spring factory explosion
2025-03-12 05:04:00
The explosion that occurred at a spring manufacturer's factory in Toyota City, Aichi Prefecture on March 6th is affecting parts procurement by automakers, with some production lines at five factories, including Toyota Motor Corporation and Suzuki Motor Corporation, continuing to be suspended.
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Trump administration to impose 25% tariffs on steel and aluminum, including Japanese-made products
2025-03-12 01:47:00
The Trump administration in the United States is preparing to impose 25% tariffs on imported steel and aluminum products at around 1:00 pm on the 12th, Japan time, as scheduled. This will mean that tariffs will also be imposed on products exported from Japan, raising concerns.
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Germany's Volkswagen's net profit falls by 32%
2025-03-12 01:35:00
Volkswagen, a major German automaker struggling with declining performance, announced its financial results for last year, showing a 32% drop in net profits compared to the previous year, mainly due to a decline in sales in the Chinese market and a sharp increase in restructuring costs.
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