Economic news(2025/03/14)
Sharp sells part of Sakai factory land and buildings to SoftBank
2025-03-14 21:51:00
Sharp, a major electronics manufacturer, has announced that it has completed the sale of the land and part of the building of its factory in Sakai City, Osaka, where it produced large LCD panels for televisions, to SoftBank. The company expects to record a gain on the sale of 75.4 billion yen.
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Hokkaido Shinkansen extension opening significantly delayed, expert panel submits report
2025-03-14 20:15:00
Regarding the extension of the Hokkaido Shinkansen to Sapporo, a national panel of experts has submitted a report to the government stating that the opening date is expected to be "the end of fiscal 2038," significantly later than the previous target, and that there is a possibility that it may be further delayed by several years.
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What happened to the Trump trade? [New York Economic Column]
2025-03-14 19:12:00
It has been over 50 days since US President Trump took office. Immediately after Trump's inauguration, Wall Street in New York was filled with anticipation of rising stock prices, and bullish market predictions were flying about. However, now we are seeing a noticeable number of sudden falls in stock prices, and a tense atmosphere pervades the market. What happened to the "Trump Trade" that was based on hopes for President Trump's policies? (Arai Toshiki, US Bureau Reporter)
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The average auction price for stockpiled rice was 21,217 yen for 60 kg
2025-03-14 18:58:00
Minister of Agriculture, Forestry and Fisheries Eto announced that over 90% of the 150,000 tons of rice that was available for auction from the 10th of this month had been sold, with the average winning bid price being just over 21,000 yen per 60 kilograms, excluding consumption tax. The selling price at supermarkets and other retailers will be determined based on the winning bid price, as well as the costs of milling and transporting the rice.
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Yen exchange rate falls
2025-03-14 18:48:00
On the 14th, the yen fell in value on the Tokyo foreign exchange market as investors sold the yen, which had been rising in value recently, and bought dollars.
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Hokkaido Shinkansen extension opening significantly delayed, expert panel submits report
2025-03-14 18:14:00
Regarding the extension of the Hokkaido Shinkansen to Sapporo, a national panel of experts has submitted a report to the government stating that the opening date is expected to be "the end of fiscal 2038," significantly later than the previous target, and that there is a possibility that it may be further delayed by several years.
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Japan Fair Trade Commission reveals three major companies for keeping prices unchanged without consulting with suppliers
2025-03-14 18:12:00
As labor costs and raw material prices continue to rise, the Fair Trade Commission has made public the names of three major companies after it was confirmed that they had kept their transaction prices unchanged without consulting many of their business partners.
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Stockpiled rice average bid of 60 kg for 21,217 yen; Agriculture Minister: "Prices will be low"
2025-03-14 17:57:00
Regarding the bidding for stockpiled rice that began on the 10th of this month, Agriculture, Forestry and Fisheries Minister Eto announced that of the 150,000 tons targeted, over 141,000 tons had been sold, with the average winning bid price being 21,217 yen per 60 kilograms. The selling price at supermarkets and other retailers will be determined based on the winning bid price, as well as the costs of subsequent milling and transportation. The sold stockpiled rice is expected to be on sale at supermarkets and other retailers from the end of this month.
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Tohoku Shinkansen to resume joint operation, normal service to resume from the 15th
2025-03-14 17:51:00
Following an incident where a coupling came off on the Tohoku Shinkansen while it was running in Tokyo, JR East resumed coupled train service on the 14th, which had been suspended since the incident occurred. The service was resumed with a temporary measure, and passengers were calling for an investigation into the cause. JR East has stated that normal service will resume from the 15th.
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[Live broadcast] Agriculture Minister Eto announces the results of the rice reserve bidding
2025-03-14 17:17:00
On the evening of the 14th, Agriculture, Forestry and Fisheries Minister Eto announced the results of the bidding for stockpiled rice, which began on the 10th of this month. The results will include how much of the 150,000 tons that was purchased, as well as the average price at which the bids were made. After being handed over to the companies, the purchased stockpiled rice is expected to be available on supermarket shelves from the end of this month.
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Government draft master plan to increase rice export target to 350,000 tons in five years
2025-03-14 16:47:00
On the 14th, a draft basic plan for a new agricultural policy was presented, which includes a goal of increasing rice exports, including packaged rice, to 350,000 tons by 2030. The aim is to increase rice production, including for export, and to flexibly manage it by diverting it to domestic use when domestic supply and demand becomes tight.
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Japan Fair Trade Commission reveals three companies for keeping prices unchanged without consulting with suppliers
2025-03-14 16:46:00
Amid a continued rise in labor costs due to wage hikes and in raw material prices, the Fair Trade Commission has announced the names of three companies as a result of its investigation that have been found to have kept transaction prices unchanged without negotiating with many of their business partners - major home improvement retailer Konan Shoji, major advertising agency Dentsu, and major logistics company Nippon Express.
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Taiki Life Insurance announces that sales staff lied to customers about investments and defrauded them of approximately 81.3 million yen
2025-03-14 16:33:00
The life insurance company Taiki Life Insurance announced that a sales representative in his 60s working at its Saitama branch had defrauded customers out of a total of approximately 81.3 million yen by making false investment offers.
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Tohoku Shinkansen to resume joint operation, normal service to resume from the 15th
2025-03-14 15:33:00
JR East resumed coupled train operations on the 14th, which had been suspended after a coupling came off on the Tohoku Shinkansen while it was running in Tokyo, and at Morioka Station, the Komachi and Hayabusa were coupled together and headed toward Tokyo. JR plans to return to normal operations on the 15th, but the exact cause of the coupling coming off is unknown and the investigation is ongoing.
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Tesla expresses concern that retaliatory tariffs by other countries will have an adverse effect on its business
2025-03-14 13:54:00
Tesla, an American electric vehicle manufacturer, expressed concern in a letter to the government that its business would be affected if other countries were to impose retaliatory tariffs in response to the Trump administration's tariff policy. The Financial Times, a British economic newspaper, reported that "Even Tesla, led by Musk, an ally of President Trump, is concerned about the impact of tariffs."
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Stock prices rise slightly as yen weakens, leading to buy orders for export-related stocks
2025-03-14 12:18:00
On the Tokyo stock market on the 14th, the yen's depreciation trend led to buying orders for export-related stocks, and the Nikkei average rose slightly.
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Tohoku Shinkansen to resume joint operation, normal service to resume from the 15th
2025-03-14 11:53:00
JR East resumed coupled train operations on the 14th, which had been suspended after a coupling came off on the Tohoku Shinkansen while it was running in Tokyo, and at Morioka Station, the Komachi and Hayabusa were coupled together and headed toward Tokyo. JR plans to return to normal operations on the 15th, but the exact cause of the coupling coming off is unknown and the investigation is ongoing.
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Minister of Economy, Trade and Industry Muto: "Additional tariffs on steel and aluminum products from the U.S. are regrettable"
2025-03-14 11:35:00
Minister of Economy, Trade and Industry Muto expressed regret over the Trump administration's move to impose additional 25% tariffs on steel and aluminum products, and indicated his intention to continue urging the U.S. to exclude Japan from tariffs on automobiles.
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Gold futures prices hit new record high in New York as concerns grow over tariff measures intensifying trade friction
2025-03-14 11:29:00
On the 13th, the price of gold futures temporarily exceeded $3,000 per ounce on the New York Mercantile Exchange, hitting a new record high. Concerns that trade friction will intensify due to the tariff policies of the Trump administration in the United States have pushed up the price of gold, which is considered a relatively safe asset.
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Tohoku Shinkansen to resume joint operation, normal service to resume from the 15th
2025-03-14 11:13:00
JR East resumed coupled train operations on the 14th, which had been suspended after a coupling came off on the Tohoku Shinkansen while it was running in Tokyo, and at Morioka Station, the Komachi and Hayabusa were coupled together and headed toward Tokyo. JR plans to return to normal operations on the 15th, but the exact cause of the coupling coming off is unknown and the investigation is ongoing.
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Prime Minister Ishiba: Logistics issue: "Consider measures during the intensive reform period until fiscal 2030"
2025-03-14 10:51:00
In light of concerns about labor shortages and declining transport capacity in the logistics industry, Prime Minister Ishiba has instructed relevant cabinet ministers to begin considering necessary measures, designating the period up to fiscal 2030 as a period of intensive reform.
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Government approves NTT Law amendment bill at cabinet meeting, to consider "amendment or repeal" within three years
2025-03-14 10:16:00
The government approved a bill to amend the NTT Act and related laws at a cabinet meeting on the 14th. Regarding the future of the NTT Act, which has been a focus of attention, the bill includes a provision to review the matter "including amendment and abolition" within three years of the enforcement of the revised law, and will postpone abolition for the time being.
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Bank of Japan to hold monetary policy meeting; interest rate likely to remain unchanged
2025-03-14 08:20:00
The Bank of Japan will hold a meeting to decide on monetary policy from March 18. The majority of the opinion within the BOJ is that it is necessary to wait and see how the additional interest rate hike in January and the successive tariff policies being implemented by the Trump administration in the United States will affect the economy and prices, while the majority of the financial markets are of the opinion that the policy interest rate will remain unchanged.
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Trump posts '200% tariffs' on wine imported from EU
2025-03-14 07:10:00
On the 13th, US President Trump posted on his social media that he would impose a 200% tariff on alcoholic products such as wine imported from the European Union. He cited the EU's imposition of tariffs on American whiskey in retaliation for the Trump administration's tariffs on steel and aluminum products.
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The NY Dow fell by more than $600 at one point due to concerns over trade friction between the US and EU
2025-03-14 06:17:00
On the 13th, the New York stock market saw a rise in sell orders due to concerns over intensifying trade friction between the United States and the European Union, and the Dow Jones Industrial Average temporarily fell by more than $600.
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Canada claims U.S. steel, aluminum tariffs violate WTO rules
2025-03-14 05:35:00
The Canadian government has filed a complaint alleging that the Trump administration's tariffs on steel and aluminum products violate World Trade Organization (WTO) rules.
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Seven & i Holdings takes cautious stance on acquisition proposal: "Aims to increase value on its own"
2025-03-14 02:25:00
A Canadian convenience store giant that has made a takeover proposal to Seven & i Holdings held a press conference in Tokyo on the 13th and reiterated its willingness to make the acquisition. However, Seven & i has maintained a cautious stance on the proposal, and is aiming to increase its own corporate value on its own.
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Tohoku Shinkansen to gradually resume connected trains, normal operation to resume from the 15th
2025-03-14 00:27:00
Following the issue of a coupling coming off on the Tohoku Shinkansen while it was running in Tokyo, JR East will gradually resume coupled train operations, which had been suspended since the incident, on the 14th. Due to vehicle operations, some trains will continue to be affected by section suspensions and reduced number of cars.
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