Economic news(2025/03/21)
NIDEK expresses "deep regret" over countermeasures taken against Makino Milling's takeover bid
2025-03-21 20:15:00
NIDEK, a major electronic parts manufacturer, issued a statement regarding the countermeasures taken by Makino Milling Machine, a machine tool manufacturer that has proposed to acquire the company, saying, "This was implemented based on an unfair misinterpretation of the facts, and we find it extremely regrettable."
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Meiji Yasuda Life Insurance Announces Acquisition of Aeon Group's Life Insurance Company as a Subsidiary
2025-03-21 19:52:00
Meiji Yasuda Life Insurance announced that it will form a comprehensive partnership with the major retailer AEON and make the AEON Group's life insurance company a subsidiary. As the domestic market is expected to shrink, the company hopes to increase opportunities to sell insurance by partnering with a retail group with a wide customer base.
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[Rising prices] How much does it cost to make curry rice?
2025-03-21 18:28:00
How much does it cost to cook curry and rice at home? The price of curry and rice, calculated independently by a private research company, has been hitting new highs for 10 consecutive months, driven by rising costs of rice and other ingredients.
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The yen fell slightly, but dollar buying was seen in reaction to the decline.
2025-03-21 18:17:00
On the Tokyo foreign exchange market on the 21st, the yen fell slightly against the dollar compared to the 19th.
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Some Suzuki and Daihatsu factories suspend operations next week due to explosion
2025-03-21 18:02:00
Due to the continued shortage of parts caused by the explosion that occurred on the 6th of this month at a spring manufacturer in Aichi Prefecture, some Suzuki and Daihatsu factories will be suspending operations from next week onwards.
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Ministry of Agriculture, Forestry and Fisheries: Last week's rice reserve auction: "JA Zennoh accounted for more than 90% of winning bids"
2025-03-21 17:49:00
The Ministry of Agriculture, Forestry and Fisheries revealed that JA Zennoh accounted for more than 90% of the winning bids in the auction for stockpiled rice held last week.
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How long will the unprecedented buyback momentum continue? [Economics Column]
2025-03-21 17:41:00
The all-time high has been surpassed in one fell swoop. And it's more than 1.5 times higher. An unprecedented buyback is happening in Japan right now. This is "stock buybacks" by companies. The momentum continues even in 2025. "Stock buybacks" are a tailwind for stock prices and shareholders. How long will the momentum continue? And what kind of benefits will it bring to our lives? (Economics Reporter Yoshida Tomohiro)
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May electricity bills set to rise as major power companies end subsidies
2025-03-21 16:44:00
Electricity bills for May billings by major power companies are expected to rise due to the end of government subsidies and an increase in "surcharges" added to promote the spread of renewable energy. Tokyo Electric Power Company expects the average household to pay more than 9,000 yen, up by more than 400 yen from the previous month.
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Nikkei Stock Average falls slightly
2025-03-21 16:07:00
On the 21st, the Nikkei Stock Average on the Tokyo Stock Exchange fell slightly.
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Kao shareholders reject investment fund proposal to appoint outside directors
2025-03-21 15:09:00
On the 21st, a general shareholders' meeting was held at Kao, a major household goods company, and all shareholder proposals submitted by investment funds calling for the appointment of outside directors, etc. were rejected.
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Stock prices rise slightly
2025-03-21 12:01:00
On the 21st, the Nikkei Stock Average on the Tokyo Stock Exchange rose slightly.
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Individual financial assets reach record high of 2,230 trillion yen due to rising stock prices
2025-03-21 11:38:00
Financial assets such as deposits and stocks held by individuals reached a record high of 2,230 trillion yen as of the end of December last year. This was due to an increase in the balance of stocks and investment trusts as stock prices rose toward the end of the year.
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Government requests economic organizations to "thoroughly prevent owahara" during job hunting
2025-03-21 11:35:00
Regarding the job-hunting process for students entering the workforce in the spring of 2027, the year after next, the government has issued a document requesting economic organizations across the nation to require that recruitment interviews begin no later than June of the previous year and to thoroughly prevent "owahara," a practice in which companies force students to end their job-hunting activities after offering them a job.
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Minister of Agriculture, Forestry and Fisheries, Eto: "Leave it to the discretion of the business operators" regarding labeling of stockpiled rice at the time of sale
2025-03-21 11:10:00
At a press conference after the Cabinet meeting on the 21st, Agriculture, Forestry and Fisheries Minister Eto stated that regarding JA Zennoh's request to its trading partners to sell the stockpiled rice that it won at a bid in a way that does not make it clear that it is stockpiled rice, "this is not an instruction from the Ministry of Agriculture, Forestry and Fisheries," and indicated that he intends to leave it up to the discretion of the businesses as to how they label the rice when selling it.
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February Consumer Price Index increased 3.0% year-on-year
2025-03-21 08:44:00
The February Consumer Price Index, which tracks the price movements of goods and services consumed at home and excludes fresh food, which is subject to large fluctuations due to weather, rose 3.0% from the same month last year. Although the rate of increase was 0.2 percentage points lower than the previous month's 3.2%, it has remained in the 3% range for three consecutive months.
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Mitsubishi Motors to enter EV business in Taiwan, considering collaboration with Hon Hai Precision Industry
2025-03-21 05:20:00
It has been revealed that Mitsubishi Motors is considering collaborating with Hon Hai Precision Industry, a major Taiwanese electronics manufacturer that is entering the electric vehicle (EV) business. Discussions are underway regarding the specific details of the collaboration, such as outsourcing EV production to Hon Hai.
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Seven & i Inc. may be considering selling its US stores
2025-03-21 05:03:00
Seven & i Holdings, which has received a takeover proposal from a major Canadian convenience store chain, is reportedly considering selling its own stores in order to resolve competition law issues in the U.S. Until now, the Canadian side had made the sale of its stores a prerequisite for accepting the takeover, but this appears to have shown some degree of concession.
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Cumulative NISA investments exceed 56 trillion yen as of last month, achieving government target
2025-03-21 05:01:00
The cumulative amount of investment in NISA, which was expanded from last year, exceeded 56 trillion yen as of last month, achieving the target of the government's plan to reach this goal by 2027, ahead of schedule.
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