Economic news(2025/03/24)
Financial Services Agency issues business improvement order to four major non-life insurance companies over 2.68 million personal information leaks
2025-03-24 23:48:00
In response to a problem in which an employee of a non-life insurance company who was seconded to a so-called joint insurance agency that handles insurance for multiple companies leaked customer information of a competitor to his own company, the Financial Services Agency has issued business improvement orders to four major insurance companies under the Insurance Business Act.
TOP
Financial Services Agency issues business improvement order to four major non-life insurance companies over 2.68 million personal information leaks
2025-03-24 23:07:00
In response to a problem in which an employee of a non-life insurance company who was seconded to a so-called joint insurance agency that handles insurance for multiple companies leaked customer information of a competitor to his own company, the Financial Services Agency has issued business improvement orders to four major insurance companies under the Insurance Business Act.
TOP
Sato Foods to discontinue sales of some products due to rising demand for packed rice
2025-03-24 21:53:00
Due to the growing demand for packaged rice in the wake of a rice shortage, Sato Foods has announced that it will discontinue sales of some of its products. In order to ensure a more stable supply of products, the company will continue to offer a smaller number of products.
TOP
More than 2.6 million personal information records leaked from four major non-life insurance companies; Financial Services Agency issues business improvement orders
2025-03-24 21:12:00
On the 24th, the Financial Services Agency issued a business improvement order under the Insurance Business Act to four major insurance companies, Tokio Marine & Nichido Fire Insurance, Aioi Nissay Dowa Insurance, Sompo Japan Insurance Inc., and Mitsui Sumitomo Insurance Co., Ltd., in response to a problem in which an employee of a non-life insurance company who was seconded to a so-called shared insurance agency that handles insurance for multiple companies leaked customer information of other companies to his own company. The FSA confirmed that a combined total of over 2.6 million pieces of personal information had been leaked by the four companies, and in the order it called for the submission of a business improvement plan regarding the management and governance of customer information.
TOP
Nippon Steel's President "shares common understanding" and plans to continue negotiations to acquire US Steel
2025-03-24 20:22:00
While President Trump has indicated that he will not approve Nippon Steel's plan to acquire a majority stake in U.S. Steel, Nippon Steel President Tadashi Imai said, "Our understanding with the U.S. side is beginning to align on the issue of strengthening the American steel industry," indicating his intention to continue negotiations to realize the plan.
TOP
Former Sumitomo Mitsui Trust Bank manager charged with insider trading
2025-03-24 20:09:00
The Securities and Exchange Surveillance Commission has filed criminal charges with the Tokyo District Public Prosecutors' Office Special Investigation Unit against a former manager of major trust bank Sumitomo Mitsui Trust Bank for allegedly violating the Financial Instruments and Exchange Act by engaging in insider trading based on information he learned in the course of his work.
TOP
Rice prices continue to rise, more than double last year's level. How much will stockpiled rice prices fall?
2025-03-24 18:20:00
The price of rice continues to rise. The average price of rice at supermarkets nationwide was 4,172 yen (including tax) per 5 kg in the week ending March 16, more than double the price at the same time last year.
TOP
Yen falls slightly as fears over US economic outlook ease
2025-03-24 18:19:00
On the 24th, the Tokyo foreign exchange market saw the yen fall slightly as concerns about the future of the US economy subsided and there was a trend to buy dollars and sell yen.
TOP
Thailand Motor Show kicks off on 26th, with China recording the largest number of exhibitors
2025-03-24 17:53:00
The exhibits for the motor show opening on the 26th in Thailand, where Japanese cars have held a large share for many years, were revealed to the press. This year, the number of exhibitors from China has surpassed that of Japanese manufacturers to become the largest, and it looks like competition between the companies will become even more intense in the future.
TOP
New passports available from today, application procedures also online
2025-03-24 17:51:00
Starting with the 24th, passports have been changed to new ones with stronger anti-counterfeiting measures. In addition, the application process for obtaining a passport has been made online in all prefectures.
TOP
Nippon Steel's president says he sees the deal as "balanced" and plans to continue negotiations to buy U.S. Steel
2025-03-24 16:53:00
While President Trump has indicated that he will not approve Nippon Steel's plan to acquire a majority stake in U.S. Steel, Nippon Steel President Tadashi Imai said, "Our understanding with the U.S. side is becoming more balanced in terms of strengthening the American steel industry," indicating his intention to continue negotiations to realize the plan.
TOP
Financial Services Agency considers injecting public funds into Noto Kyoei Shinkin Bank to help rebuild Ishikawa
2025-03-24 16:22:00
It has been learned that the Financial Services Agency is considering injecting public funds into the Noto Kyoei Shinkin Bank, which has its head office in Ishikawa Prefecture. This will be the first time that public funds have been injected into a financial institution in Ishikawa Prefecture in connection with the Noto Peninsula earthquake, and it is believed that the aim is to financially support the reconstruction of the region toward recovery.
TOP
Stock prices slightly fluctuate, trading subdued due to uncertainty over U.S. tariff policy
2025-03-24 15:53:00
On the 24th, the start of the week, the Tokyo stock market saw little active trading due to uncertainty surrounding the tariff policy of the Trump administration in the United States, and the Nikkei average fluctuated little.
TOP
Stock prices move slightly, with buying and selling mixed
2025-03-24 12:07:00
On the Tokyo stock market on the 24th, the start of the week, buying and selling was mixed as the overall picture of the "reciprocal tariffs" that the United States plans to impose on the 2nd of next month was unclear, and the Nikkei average stock price fluctuated only slightly.
TOP
International conference on Pacific saury resource management held to discuss catch limits
2025-03-24 11:48:00
An international conference to discuss resource management for Pacific saury, whose catches have been declining, has begun in Osaka. The conference is expected to discuss how to set upper limits on catches in the North Pacific Ocean for participating countries and regions.
TOP
Expressway holiday discounts to exclude three-day weekends from next month onwards in an effort to disperse traffic
2025-03-24 06:41:00
Regarding holiday discounts, which offer a 30% reduction in highway tolls, highway companies have decided to exclude "three-day weekends" from the discount from next month in order to disperse traffic volume.
TOP
Wage increase tax system used in fiscal 2018, more than 250,000 times, the highest number ever; effectiveness needs to be verified
2025-03-24 06:40:00
The number of cases in which companies that raise wages have taken advantage of the "wage increase tax system," which reduces the corporate tax burden for companies that raise wages, exceeded 250,000 last year, the highest number ever. However, some have pointed out that the scale of the tax cut and the effect of wage increases should be examined.
TOP
International Conference on Pacific Saury Resource Management to Start in Osaka Today
2025-03-24 06:38:00
An international conference to discuss resource management for Pacific saury, whose catches have been declining, will begin in Osaka on the 24th. At the conference, discussions are expected to take place on how to set an upper limit on catches by all participating countries in the North Pacific Ocean.
TOP
