Economic news(2025/04/16)
NIDEK files for provisional injunction seeking to halt countermeasures against Makino Milling
2025-04-16 21:04:00
NIDEK, a major electronic parts manufacturer, has announced that it has filed a petition for a provisional injunction in court to halt the countermeasures introduced by Makino Milling Machine Co., Ltd., a machine tool manufacturer, in its acquisition of the company without consent. The battle between the two companies over a "takeover without consent," which is still rare in Japan, will now move to the courts.
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CyberAgent subsidiary fires director for overstating sales
2025-04-16 20:19:00
CyberAgent, a major IT company, has announced that it has dismissed a director of a subsidiary company for overstating sales of performance-based internet advertising by approximately 3.7 billion yen over a period of more than five years.
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"Trump tariffs" first Japan-US negotiations to begin tomorrow morning Japan time
2025-04-16 19:58:00
Regarding the tariff measures of the Trump administration, Minister of Economic Revitalization Akazawa arrived in Washington on the night of the 16th and will take part in the first Japan-US negotiations on the morning of the 17th. He will strongly urge a review of the measures, and will listen to the US demands and identify areas of negotiation that will not harm Japan's national interests. Meanwhile, President Trump posted on his social media on the morning of the 16th, "Japan will be visiting the US today to negotiate on tariffs, trade fairness, etc. I will be attending the meeting with the Secretary of the Treasury and the Secretary of Commerce," expressing his hope that the negotiations will go well for both Japan and the US.
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LDP proposes expanding NISA financial products to include seniors only
2025-04-16 19:32:00
Regarding the preferential tax system "NISA", the LDP's parliamentary group has presented a proposal that considers expanding the range of financial products that are targeted at seniors in order to improve convenience. They plan to formally compile the proposal soon and make a request to the government.
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Financial compensation for damage caused by securities account sites "should be considered based on individual circumstances"
2025-04-16 19:27:00
In response to a series of incidents in which IDs used to log into securities account sites have been leaked, resulting in unauthorized transactions, Chairman Morita of the Japan Securities Dealers Association expressed the view that financial compensation for victims should be carefully considered by securities companies, taking into account their individual circumstances.
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Honda and Nissan to transfer part of local production from Japan to the US
2025-04-16 19:08:00
In response to the Trump administration's imposition of an additional 25% tariff on automobiles, Honda and Nissan have decided to move part of their production for local use from Japan to the U.S. However, the number and models of vehicles that can be moved to the U.S. are limited, forcing each company to take difficult measures.
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Stock prices fall Sell orders centered on semiconductor-related stocks
2025-04-16 18:50:00
On the Tokyo stock market on the 16th, the Nikkei average fell as sell orders were placed mainly on semiconductor-related stocks due to concerns about the impact of US tariff policies and other factors on corporate performance.
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Yen rises by more than 1 yen due to concerns over the impact of US tariffs
2025-04-16 18:44:00
On the Tokyo foreign exchange market on the 16th, the yen rose by more than 1 yen as investors sold dollars and bought yen in an attempt to avoid risk amid concerns that US tariff policies and other factors would affect future corporate earnings.
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More than 1,000 small and medium-sized enterprises participate in the Osaka-Kansai Expo to showcase the latest technology and culture
2025-04-16 18:43:00
The Osaka-Kansai Expo opened on the 13th of this month. According to the Ministry of Economy, Trade and Industry, during the period up until October 13th, a total of at least 1,000 small and medium-sized enterprises, start-up companies, and venture companies from across Japan will participate in a wide range of fields, including medicine, lifestyle, and the environment, to exhibit their latest technologies and products and take part in business negotiations.
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"Trump tariffs" first Japan-US negotiations to begin tomorrow morning Japan time
2025-04-16 17:55:00
Regarding the tariff measures taken by the Trump administration, Minister for Economic Revitalization Akazawa arrived in Washington on the evening of the 16th and will attend his first Japan-US negotiations on the morning of the 17th. He will strongly call for a review of the measures, and will listen to the demands of the US side, hoping to identify areas for negotiation that will not harm Japan's national interests.
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Hokuriku Bank announces discontinuation of safe deposit box service by the end of March 2028
2025-04-16 17:54:00
Hokuriku Bank, headquartered in Kanazawa City, Ishikawa Prefecture, has announced that it will discontinue its safe deposit box service by the end of March 2028, in light of low utilization rates and a series of scandals at major banks.
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Central Nippon Expressway ETC outage: Shuto Expressway to prepare manual to deal with issue
2025-04-16 17:37:00
Following a large-scale ETC failure that occurred within the jurisdiction of the Central Nippon Expressway Company this month, the Metropolitan Expressway Company has announced its intention to develop a new manual for dealing with wide-area system failures.
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More than 3.49 million foreign tourists visited Japan in March, bringing the total for this year to over 10 million at the fastest rate
2025-04-16 17:26:00
Last month, the number of foreign tourists who visited Japan reached 3.49 million, the highest number ever for a single month in March. The total number of tourists visiting Japan this year also surpassed 10 million, the fastest ever.
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Fuji's parent company's major shareholder investment fund formally proposes its own candidates for new directors
2025-04-16 16:58:00
Regarding the management structure of Fuji Television's parent company, a major shareholder investment fund has put together its own proposal for the general shareholders' meeting in June, naming 12 people, including Yoshitaka Kitao, president of the comprehensive financial group SBI Holdings, a former editor-in-chief of an information magazine, and a former announcer, as candidates for new directors, and formally proposed it on the 16th.
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China's GDP growth rate up 5.4% compared to the same period last year, but trade frictions cause concern
2025-04-16 16:33:00
China's GDP (gross domestic product) growth rate from January to March this year was up 5.4% compared to the same period last year. The growth rate remained flat from the previous three months, partly due to a rush to export ahead of the large-scale tariff measures imposed by the United States, but concerns about the future due to trade friction are growing stronger. The second half of the article reports on Chinese industries, which are scrambling to respond to the series of tariff measures imposed by the Trump administration.
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Hong Kong postal authorities announce suspension of parcel deliveries to the US
2025-04-16 16:26:00
Hong Kong postal authorities have announced that they will suspend the delivery of parcels to the US following the Trump administration's announcement that it will end tariff exemptions for parcels and other imports from China from next month.
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"Trump tariffs" first Japan-US negotiations to begin tomorrow morning Japan time
2025-04-16 16:19:00
Regarding the tariff measures taken by the Trump administration, Minister for Economic Revitalization Akazawa arrived in Washington on the evening of the 16th and will attend his first Japan-US negotiations on the morning of the 17th. He will strongly call for a review of the measures, and will listen to the demands of the US side, hoping to identify areas for negotiation that will not harm Japan's national interests.
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Investment fund of Fuji's parent company's major shareholder puts together its own candidates for new directors
2025-04-16 16:00:00
Regarding the management structure of Fuji Television's parent company, it has been revealed that a major shareholder investment fund has compiled a list of 12 candidates to be independently proposed as new directors at the general shareholders' meeting in June, including Yoshitaka Kitao, president of the comprehensive financial group SBI Holdings, a former editor-in-chief of an information magazine, and a former announcer.
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"Trump tariffs" first Japan-US negotiations to begin tomorrow morning Japan time
2025-04-16 15:56:00
Regarding the tariff measures taken by the Trump administration, Minister for Economic Revitalization Akazawa arrived in Washington on the evening of the 16th and will attend his first Japan-US negotiations on the morning of the 17th. He will strongly call for a review of the measures, and will listen to the demands of the US side, hoping to identify areas for negotiation that will not harm Japan's national interests.
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Stock prices fall, selling orders mainly for semiconductor-related stocks
2025-04-16 15:50:00
On the Tokyo stock market on the 16th, the Nikkei average fell as sell orders were placed mainly on semiconductor-related stocks due to concerns about the impact of US tariff policies and other factors on corporate performance.
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Honda and Nissan to transfer part of local production from Japan to the US
2025-04-16 15:41:00
In response to the Trump administration's imposition of an additional 25% tariff on automobiles, Honda and Nissan have decided to move part of their production for local use from Japan to the U.S. However, the number and models of vehicles that can be moved to the U.S. are limited, forcing each company to take difficult measures.
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Stock prices temporarily fall by more than 600 yen due to concerns over tariff policy
2025-04-16 15:15:00
In the afternoon of the 16th, the Nikkei average temporarily fell by more than 600 yen on the Tokyo Stock Exchange. In addition to concerns about the impact of the Trump administration's tariff policies on future corporate earnings, the yen has strengthened in the foreign exchange market compared to the 15th, leading to sell orders for many stocks, particularly those related to semiconductors.
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Economic Revitalization Minister Akazawa departs for the US for first negotiations on "Trump tariffs"
2025-04-16 14:43:00
Minister of State for Economic Revitalization Akazawa departed from Haneda Airport on the morning of the 16th to attend the first negotiations regarding the tariff measures of the Trump administration in the United States. Prior to the departure, he told reporters that he wanted to build a relationship of trust with the other side and conduct negotiations that would benefit both countries' national interests.
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Investment fund of Fuji's parent company's major shareholder puts together its own candidates for new directors
2025-04-16 12:45:00
Regarding the management structure of Fuji Television's parent company, it has been revealed that a major shareholder investment fund has compiled a list of 12 candidates to be independently proposed as new directors at the general shareholders' meeting in June, including Yoshitaka Kitao, president of the comprehensive financial group SBI Holdings, a former editor-in-chief of an information magazine, and a former announcer.
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Economic Revitalization Minister Akazawa departs for the US for first negotiations on "Trump tariffs"
2025-04-16 12:43:00
Minister of State for Economic Revitalization Akazawa departed from Haneda Airport on the morning of the 16th to attend the first negotiations regarding the tariff measures of the Trump administration in the United States. Prior to the departure, he told reporters that he wanted to build a relationship of trust with the other side and conduct negotiations that would benefit both countries' national interests.
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Stock prices fall Sell orders for many stocks, including semiconductor-related stocks
2025-04-16 12:00:00
On the Tokyo stock market on the 16th, the Nikkei average fell as sell orders were placed on many stocks, including semiconductor-related stocks, due to the uncertainty over the future of the US tariff policy.
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Economic Revitalization Minister Akazawa departs for the US for first negotiations on "Trump tariffs"
2025-04-16 11:26:00
Minister of State for Economic Revitalization Akazawa departed from Haneda Airport on the morning of the 16th to attend the first negotiations regarding the tariff measures of the Trump administration in the United States. Prior to the departure, he told reporters that he wanted to build a relationship of trust with the other side and conduct negotiations that would benefit both countries' national interests.
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Chinese companies express concern about the impact of trade friction at an international trade fair in China
2025-04-16 11:19:00
A large international trade fair has begun in southern China's Guangdong Province, and Chinese companies exhibiting there have expressed concern about the impact of trade friction amid intensifying tit-for-tat tariffs between the country and the United States.
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Economic Revitalization Minister Akazawa departs for the US for first negotiations on "Trump tariffs"
2025-04-16 11:06:00
Minister of State for Economic Revitalization Akazawa departed from Haneda Airport on the morning of the 16th to attend the first negotiations regarding the tariff measures of the Trump administration in the United States. Prior to the departure, he told reporters that he wanted to build a relationship of trust with the other side and conduct negotiations that would benefit both countries' national interests.
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U.S. Department of Transportation withdraws subsidy for Japan-backed Texas high-speed rail project
2025-04-16 10:20:00
The U.S. Department of Transportation has announced that it will withdraw subsidies for a high-speed rail project in Texas, a southern U.S. city that was also supported by a Japanese public-private fund, citing that project costs have ballooned more than originally estimated, making construction unrealistic.
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U.S. spokesman: "Considering specific wording for more than 15 deals" over mutual tariffs
2025-04-16 06:22:00
Regarding the reciprocal tariffs that the Trump administration has suspended for 90 days, a White House spokesman said on the 15th that discussions are progressing with many countries and that specific wording is under consideration for more than 15 of these deals.
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LDP and Komeito consider resuming subsidies for electricity and gas fees from June to August as a measure to combat rising prices
2025-04-16 05:56:00
Regarding measures to combat high prices, the Liberal Democratic Party and the Komeito Party plan to lower gasoline prices through the implementation of this year's budget, as well as resume subsidies for electricity and gas fees, and work to curb energy prices. On the other hand, a senior LDP official indicated on the night of the 15th that there is no need to compile a new supplementary budget in the current Diet session.
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Economic Revitalization Minister Akazawa visits the US today for Japan-US negotiations over tariff measures
2025-04-16 05:44:00
On the 16th, Minister of State for Economic Revitalization Akazawa will depart Japan for his first negotiations in Washington regarding the tariff measures of the Trump administration. He will explain that Japan is contributing to the economy and employment through huge investments and strongly urge a review of the measures. He also plans to listen to the requests of the US side and identify areas for negotiation that will not damage Japan's national interests.
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Japan-US negotiations over tariffs: What are the key points discussed by a former US negotiator?
2025-04-16 05:29:00
On the 17th (Japan time) Michael Beaman, who served at the USTR (United States Trade Representative) for 16 years and negotiated with Japan and other countries as Deputy Trade Representative during the first term of the Trump administration, gave an interview to NHK about the focus of the negotiations between Japan and the United States taking place in Washington over the tariff measures imposed by the Trump administration.
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Ministry of Internal Affairs and Communications to partially subsidize undersea cable installation costs to decentralize bases
2025-04-16 05:04:00
In response to the rapid increase in demand for communications due to the spread of generative AI and to strengthen economic security, the Ministry of Internal Affairs and Communications has decided to support the decentralization of undersea cable bases, which are essential for international communications.
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China's new retaliation: Reports of "order not to deliver Boeing aircraft"
2025-04-16 04:22:00
As trade friction between the United States and China intensifies, multiple U.S. media outlets have reported that the Chinese government has instructed domestic airlines not to take delivery of Boeing aircraft, in what is seen as a new retaliatory measure by China against the Trump administration.
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