Economic news(2025/04/24)
Exchange rate to be focus of Finance Minister Kato to meet with US Treasury Secretary Bessent tomorrow
2025-04-24 20:33:00
On the 23rd, when asked by a reporter at the White House why the number of foreigners traveling to the US is declining, US President Trump stated that he believes the current high dollar is one of the factors. He then asserted that "China's currency is cheap and unfair. Japan has always sought a weaker yen," once again criticizing China and Japan over their exchange rates. In the midst of this, Finance Minister Kato is scheduled to meet with US Treasury Secretary Bessent in the early hours of the 25th Japan time, and it is expected that exchange rates will also be on the agenda. As President Trump tries to discourage a weak yen and a strong dollar, the focus will be on how the US side will respond.
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Canon lowers bottom-line forecast due to U.S. tariff policy, etc.
2025-04-24 20:33:00
Canon, a major precision machinery manufacturer, has announced that it will revise down its net profit forecast for the entire group's performance for the current fiscal year by 31 billion yen, in response to the tariff policies of the Trump administration in the United States and the stronger-than-expected yen/dollar situation in the foreign exchange market.
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Nissan posts largest-ever deficit of 750 billion yen due to sluggish sales in key markets such as the U.S.
2025-04-24 20:29:00
Nissan Motor Co., Ltd. has revised down its earnings forecast for the last fiscal year, announcing that it expects to post a net loss of up to 750 billion yen. The company expects to post its largest ever loss due to sluggish sales in its main markets and huge impairment losses from reviewing the asset values of its factories.
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Boeing faces difficulties in delivering aircraft to Chinese company, "sells to other companies"
2025-04-24 20:15:00
アメリカの大手航空機メーカー「ボーイング」は、米中の貿易摩擦の影響で中国の航空会社が機体の納入を受け入れない意向を示していることについて、ほかの航空会社への販売を進めることで業績への影響を回避できるよう努めていく考えを示しました。
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Exchange rate to be focus of Finance Minister Kato to meet with US Treasury Secretary Bessent tomorrow
2025-04-24 19:38:00
On the 23rd, when asked by a reporter at the White House why the number of foreigners traveling to the US is declining, US President Trump stated that he believes the current high dollar is one of the factors. He then asserted that "China's currency is cheap and unfair. Japan has always sought a weaker yen," once again criticizing China and Japan over their exchange rates. In the midst of this, Finance Minister Kato is scheduled to meet with US Treasury Secretary Bessent in the early hours of the 25th Japan time, and it is expected that exchange rates will also be on the agenda. As President Trump tries to discourage a weak yen and a strong dollar, the focus will be on how the US side will respond.
TOP
Exchange rate to be focus of Finance Minister Kato to meet with US Treasury Secretary Bessent tomorrow
2025-04-24 19:17:00
On the 23rd, when asked by a reporter at the White House why the number of foreigners traveling to the US is declining, US President Trump stated that he believes the current high dollar is one of the factors. He then asserted that "China's currency is cheap and unfair. Japan has always sought a weaker yen," once again criticizing China and Japan over their exchange rates. In the midst of this, Finance Minister Kato is scheduled to meet with US Treasury Secretary Bessent in the early hours of the 25th Japan time, and it is expected that exchange rates will also be on the agenda. As President Trump tries to discourage a weak yen and a strong dollar, the focus will be on how the US side will respond.
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Suzuki dealer in Oita warned for violating subcontracting law, to provide replacement car free of charge
2025-04-24 19:07:00
The Fair Trade Commission has issued a recommendation to prevent a recurrence of a case in which a dealership in Oita Prefecture of the automobile manufacturer Suzuki had a subcontractor provide loaner cars free of charge to customers whose cars were being repaired. This is the first time that a recommendation has been issued regarding the provision of loaner cars.
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Yen falls as US Treasury Secretary's comments ease concerns over dollar strength
2025-04-24 19:06:00
On the Tokyo foreign exchange market on the 24th, U.S. Treasury Secretary David Bessent said that Japan "does not have any specific currency targets," easing concerns that the U.S. side would seek to correct the strong dollar, and the yen fell from the 23rd.
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Nissan posts biggest final deficit of 750 billion yen last year due to continued sluggish sales in overseas markets
2025-04-24 19:03:00
Nissan Motor Co., Ltd. revised down its earnings forecast for the full fiscal year 2019, announcing that it now expects a final loss of up to 750 billion yen.
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All six Japanese automakers' U.S. new car sales surpassed last year's in March
2025-04-24 18:49:00
All six major Japanese automakers' new car sales in the U.S. in March exceeded those of the same month last year. Some manufacturers said they saw a rush to buy imported cars before additional tariffs were imposed.
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Daishi Hokuetsu FG and Gunma Bank reach basic agreement to aim for business integration
2025-04-24 18:43:00
Daishi Hokuetsu Financial Group, which owns Niigata Prefecture's Daishi Hokuetsu Bank, and Gunma Prefecture's Gunma Bank have announced that they have reached a basic agreement to aim for a business integration by April of next year. If this is realized, it is expected to become the fourth largest regional bank group in Japan in terms of deposit volume, and it is expected that other regional banks will also become more active in the future in their efforts to reorganize.
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President Trump: "Tariff reductions will depend on China's response"
2025-04-24 18:39:00
With US President Trump hinting at lowering the combined 145% tariffs on China, on the 23rd, when asked by reporters how quickly he would lower them, he said it would depend on China's response, and emphasized that it was important to make it a fair deal. Will the trade friction between the US and China ease?
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Daishi Hokuetsu FG and Gunma Bank reach basic agreement to aim for business integration
2025-04-24 18:09:00
Daishi Hokuetsu Financial Group, which owns Niigata Prefecture's Daishi Hokuetsu Bank, and Gunma Prefecture's Gunma Bank have announced that they have reached a basic agreement to aim for a business integration by April of next year. If this is realized, it is expected to become the fourth largest regional bank group in Japan in terms of deposit volume, and it is expected that other regional banks will also become more active in the future in their efforts to reorganize.
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Supermarket sales increase for fifth consecutive year, but number of items purchased continues to decline
2025-04-24 17:28:00
Sales at major supermarkets across the country for the last fiscal year increased by 1.4% compared to the previous fiscal year, marking the fifth consecutive year of increase, when compared to existing stores, due to continued increases in food prices. However, the number of items purchased per person has continued to decline due to consumers' tendency to save money.
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Stock prices rise slightly
2025-04-24 16:32:00
On the 24th, the Nikkei Stock Average on the Tokyo Stock Exchange rose slightly.
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First day of G20 finance ministers and central bank governors meeting: concerns over Trump tariffs
2025-04-24 15:44:00
The first day of discussions at the G20 Finance Ministers and Central Bank Governors Meeting held in Washington, D.C., has concluded. According to government officials, each country has expressed concerns that the tariff measures imposed by the Trump administration in the United States are having a negative impact on the economy.
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Hino Motors announces financial results, posting largest ever deficit of 217.7 billion yen
2025-04-24 15:31:00
Hino Motors announced that the entire group's financial results for the last fiscal year showed a record-high net loss of 217.7 billion yen. This was due to the recording of extraordinary losses including fines imposed by the US authorities for falsifying inspection data and settlement costs in a Canadian lawsuit.
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Daishi Hokuetsu FG and Gunma Bank reach basic agreement to aim for business integration
2025-04-24 14:40:00
Daishi Hokuetsu Financial Group, which owns Niigata Prefecture's Daishi Hokuetsu Bank, and Gunma Prefecture's Gunma Bank have announced that they have reached a basic agreement to aim for a business integration by April of next year. If this is realized, it is expected to become the fourth largest regional bank group in Japan in terms of deposit volume, and it is expected that other regional banks will also become more active in the future in their efforts to reorganize.
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California's economy surpasses Japan's in dollar terms
2025-04-24 13:23:00
The state of California in the western United States announced that its economy has surpassed Japan's in dollar terms, and is now third largest after the United States, China, and Germany in terms of GDP by country.
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G20 Finance Ministers and Central Bank Governors Meeting Opens Amid Trump Tariffs
2025-04-24 12:58:00
The first day of discussions was held at the G20 (Group of 20) Finance Ministers and Central Bank Governors Meeting in Washington, D.C. As concerns grow that the free trade system may collapse due to the tariff measures imposed by the Trump administration, the significance of the international framework is being questioned as to what role the G20 can play in mitigating the economic damage.
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Unauthorized access to men's clothing giant Konaka leads to the leak of personal information of over 150,000 people
2025-04-24 12:55:00
Konaka, a major men's clothing retailer, announced that the system of the app used for ordering custom suits, etc., was illegally accessed, resulting in the leakage of personal information of over 150,000 customers, including their names and addresses.
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Daishi Hokuetsu FG and Gunma Bank reach basic agreement to aim for business integration
2025-04-24 12:15:00
On the 24th, Daishi Hokuetsu Financial Group, which owns Niigata's Daishi Hokuetsu Bank, and Gunma Bank, which owns Gunma's Gunma Bank, announced that they have reached a basic agreement to aim for a business integration by April of the year after next. If this is realized, the combined deposit volume will be approximately 17 trillion yen, making the bank the fourth largest regional bank group in Japan in terms of deposit volume. With the Bank of Japan's interest rate hike creating a "world with interest rates" and intensifying competition between financial institutions, it is expected that other regional banks will also become more active in the future in their efforts to restructure.
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G20 Finance Ministers and Central Bank Governors Meeting Opens Amid Trump Tariffs
2025-04-24 12:13:00
The first day of discussions was held at the G20 (Group of 20) Finance Ministers and Central Bank Governors Meeting in Washington, D.C. As concerns grow that the free trade system may collapse due to the tariff measures imposed by the Trump administration, the significance of the international framework is being questioned as to what role the G20 can play in mitigating the economic damage.
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Stock prices rise as US-China trade friction eases, export-related buy orders
2025-04-24 12:00:00
On the 24th, the Tokyo stock market saw the Nikkei average rise as buying orders for export-related stocks were placed on the back of expectations that trade friction between the US and China would ease.
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US President Trump: "Reduction of tariffs on China depends on China's response"
2025-04-24 11:24:00
With U.S. President Trump also hinting at lowering the combined 145% tariffs on China, when asked by reporters on the 23rd how quickly he would lower them, Trump said it would depend on China's response, but emphasized that it was important for the deal to be fair.
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Yen falls to 143 yen to the dollar following comments from U.S. Treasury Secretary
2025-04-24 09:14:00
On the 24th, in the Tokyo foreign exchange market, US Treasury Secretary David Bessent stated that Japan "does not have any specific currency targets," easing concerns that the US would seek to correct the strong dollar, and the yen fell to the 143 yen range per dollar.
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G20 Finance Ministers and Central Bank Governors Meeting Opens Amid Trump Tariffs
2025-04-24 08:43:00
The G20 (Group of 20) Finance Ministers and Central Bank Governors Meeting has begun in Washington, D.C. As concerns grow that the free trade system could collapse due to the tariff measures imposed by the Trump administration, the meeting is likely to test the significance of the international framework, as countries will be able to work together to prevent an economic slowdown.
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U.S. Treasury Secretary: "No specific currency target" in negotiations with Japan
2025-04-24 07:47:00
While attention is focused on whether the Trump administration will raise the issue of correcting the strong dollar in talks with Japan, Treasury Secretary Bessent said that Japan "does not have a specific currency target." In response to this, some in the financial markets are of the opinion that the United States will not strongly request a correction of the weak yen against the strong dollar.
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Boeing faces difficulties in delivering aircraft to Chinese company, "sells to other companies"
2025-04-24 06:59:00
Boeing, a major American aircraft manufacturer, has indicated that it will try to avoid the impact on its business by promoting sales to other airlines in response to Chinese airlines' intention to not accept aircraft deliveries due to the trade friction between the United States and China.
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Toyota to invest additional $125 million in southern U.S. plants
2025-04-24 06:36:00
As President Trump calls for investment in the United States, Toyota Motor Corp. has announced that it will make an additional investment of $88 million, or approximately 12.5 billion yen, to set up an assembly line for core hybrid vehicle components at a factory in the southern United States.
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Some companies postpone announcing earnings forecasts due to Trump tariffs
2025-04-24 06:35:00
Some listed companies are not providing specific future business outlooks to publish along with their financial results announcements, citing the difficulty of predicting the future due to tariff policies and other factors, suggesting that the future is becoming increasingly uncertain among companies.
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The NY Dow rose by more than $1,100 at one point on hopes of easing trade tensions between the U.S. and China
2025-04-24 06:07:00
On the 23rd, the New York Stock Exchange saw the Dow Jones Industrial Average rise by more than $1,100 from the previous day due to expectations that trade friction between the United States and China would ease.
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US Fed releases latest economic report: Economic outlook worsens significantly in several regions
2025-04-24 05:35:00
The US Federal Reserve Board released its latest economic report, noting that the Trump administration's tariffs have created uncertainty about the future and caused a significant deterioration in the economic outlook in several regions.
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G20 Finance Ministers and Central Bank Governors Meeting to Begin Amid Trump Tariffs
2025-04-24 05:00:00
The G20 (Group of 20) Finance Ministers and Central Bank Governors Meeting will soon begin in Washington, D.C. In the midst of growing concerns that the free trade system could collapse due to the tariff measures imposed by the Trump administration, the meeting is likely to test the significance of the international framework, as it will determine whether countries can come together to take measures to prevent an economic slowdown.
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EU fines Apple and Meta for “violating digital markets law”
2025-04-24 04:33:00
On the 23rd, the European Union announced that it had imposed fines on American IT giants Apple and Meta for violating the Digital Markets Act, which aims to ensure fair competition in the digital market. This is the first time that fines have been imposed since the law went into full effect in March last year.
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U.S. Treasury Secretary: "No specific currency target in mind" in negotiations with Japan
2025-04-24 04:03:00
According to Reuters, US Treasury Secretary David Bessent said on the 23rd that "we do not have a specific currency target in mind" in negotiations with Japan over tariff measures, etc. Exchange rates are one of the topics of discussion in the Japan-US negotiations over the Trump administration's tariff measures, and Finance Minister Kato is expected to meet with Treasury Secretary David Bessent on the 25th Japan time.
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"Trump Administration considering significant cuts to China tariffs" US report
2025-04-24 02:51:00
The Wall Street Journal, a leading American newspaper, reported that the Trump administration is considering significant reductions in tariffs, including cutting them in half, in order to ease trade friction with China.
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