Economic news(2025/05/07)
Keidanren Chairman Tokura: "Persistent negotiations, including review of tariff measures"
2025-05-07 20:25:00
Regarding the Japan-U.S. negotiations over U.S. tariff measures, Keidanren Chairman Tokura emphasized at a press conference on the 7th that it is important to negotiate tenaciously, including on the review of tariffs on automobiles.
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Toll-free and Navi Dial numbers are restored and available for use
2025-05-07 20:22:00
According to NTT Communications, some services such as toll-free numbers and Navi Dial were unavailable from around 3:00 p.m. due to a malfunction, but were back in working order by 7:00 p.m. The company is currently investigating the cause and extent of the impact, and has stated that it "sincerely apologizes for any inconvenience caused."
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Average supermarket price of rice: 4,233 yen for 5 kg, 17th consecutive week of price increase
2025-05-07 19:37:00
The average price of rice sold at supermarkets nationwide in the week ending on the 27th of last month was 4,233 yen per 5 kg, including consumption tax, up 12 yen from the previous week. This marks the 17th consecutive week of price increases, and prices continue to soar even as stockpiled rice begins to be distributed.
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NIDEK: Provisional injunction against "unconsented takeover" rejected
2025-05-07 19:09:00
NIDEK, a major electronic parts manufacturer, announced that its request for a provisional injunction to stop countermeasures introduced by machine tool manufacturer Makino Milling Machine Co., Ltd. in connection with its so-called "acquisition without consent" of the company has been rejected by court.
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Toll-free numbers and Navi Dial numbers are partially unavailable due to malfunction
2025-05-07 19:04:00
NTT Communications announced that some services such as toll-free numbers and Navi Dial have been unavailable since around 3:00 p.m. due to a malfunction. The company is working to restore services and is investigating the cause and extent of the impact. NTT Communications said, "We sincerely apologize for any inconvenience caused."
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Average supermarket price of rice: 4,233 yen for 5 kg, 17th consecutive week of price increase
2025-05-07 19:04:00
The average price of rice sold at supermarkets nationwide in the week ending on the 27th of last month was 4,233 yen per 5 kg, including consumption tax, up 12 yen from the previous week. This marks the 17th consecutive week of price increases, and prices continue to soar even as stockpiled rice begins to be distributed.
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Shionogi Pharmaceuticals to acquire JT's pharmaceutical business for approximately 160 billion yen
2025-05-07 18:53:00
The pharmaceutical giant Shionogi & Co. has announced that it will acquire the pharmaceutical business of Japan Tobacco Inc. for a total of approximately 160 billion yen. The company hopes to improve efficiency and strengthen research and development through the acquisition.
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Yen exchange rate rises as "U.S. tariff measures outlook unclear" leads to yen buying
2025-05-07 18:33:00
On the Tokyo foreign exchange market on the 7th, there was a move to sell dollars and buy yen due to uncertainty over the future of tariff measures by the Trump administration in the United States, and the yen rose in value compared to last weekend.
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Mazda plans to increase local production of cars sold in the U.S. following tariff measures
2025-05-07 18:24:00
In response to the tariffs imposed by the Trump administration, Mazda has revealed its intention to increase local production of cars for sale in the United States.
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JA to raise farmers' advance payments by 30-40% to secure rice
2025-05-07 18:13:00
In an effort to secure rice for the autumn harvest this year, JAs across the country are increasingly raising the "estimated payments" they make in advance to farmers by around 30 to 40 percent compared to last year.
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Central Nippon Expressway issues stern warning for inconsistent response to ETC system failure
2025-05-07 18:00:00
Following the large-scale ETC system failure that occurred in April, Central Nippon Expressway Co., Ltd. received a stern warning from the Ministry of Land, Infrastructure, Transport and Tourism for its inconsistent response to toll charges and for causing confusion.
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Mitsubishi Motors to receive and sell EVs from Taiwan's Hon Hai
2025-05-07 17:29:00
Mitsubishi Motors announced that it will receive EVs from Taiwan's Hon Hai Precision Industry Co., Ltd., which is involved in the EV (electric vehicle) business. The company plans to sell the vehicles in Australia and other countries from the second half of next year, and intends to strengthen its EV business by receiving supplies from other companies.
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JA to raise farmers' advance payments by 30-40% to secure rice
2025-05-07 17:11:00
In an effort to secure rice for the autumn harvest this year, JAs across the country are increasingly raising the "estimated payments" they make in advance to farmers by around 30 to 40 percent compared to last year.
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Average supermarket price of rice: 4,233 yen for 5 kg, 17th consecutive week of price increase
2025-05-07 16:54:00
The average price of rice sold at supermarkets nationwide in the week ending April 27 was 4,233 yen per 5 kg including tax, up 12 yen from the previous week. Although distribution of government stockpiled rice has progressed since late March this year, the average price has risen for 17 consecutive weeks, and prices continue to soar.
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Stock prices move slightly as buying and selling mix over U.S. tariff measures
2025-05-07 16:06:00
On the 7th, the first day back from the holidays, the Tokyo stock market saw a mix of buying and selling over the tariff measures imposed by the Trump administration in the United States, and the Nikkei average stock price fluctuated little.
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Shionogi Pharmaceuticals to acquire JT's pharmaceutical business for approximately 160 billion yen
2025-05-07 15:59:00
The pharmaceutical giant Shionogi & Co. has announced that it will acquire the pharmaceutical business of Japan Tobacco Inc. for a total of approximately 160 billion yen. The company hopes to improve efficiency and strengthen research and development through the acquisition.
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Former Hankyu Hanshin Holdings Chairman Kazuo Kado passes away
2025-05-07 15:14:00
Kazuo Kado, who was chairman and president of Hankyu Hanshin Holdings, a company that operates a wide range of businesses including railways, distribution, the Hanshin Tigers baseball team and the Takarazuka Revue Company, passed away on April 26th. He was 76 years old.
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Former Hankyu Hanshin Holdings Chairman Kazuo Kado passes away
2025-05-07 14:15:00
Kazuo Kado, who was chairman and president of Hankyu Hanshin Holdings, a company that operates a wide range of businesses including railways, distribution, the Hanshin Tigers baseball team and the Takarazuka Revue Company, passed away on April 26th. He was 76 years old.
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KDDI announces new pricing plan, improves communication quality in crowded areas, and raises prices
2025-05-07 14:12:00
KDDI has announced a new rate plan that includes services such as direct communication between the satellite communication network "Starlink" and smartphones. As this will be accompanied by a price increase, major mobile phone companies are actively trying to balance customer acquisition by strengthening their services with raising the bottom line.
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Stock prices move slightly as buying and selling mix over U.S. tariff measures
2025-05-07 12:20:00
On the 7th, the first day back from the holidays, the Tokyo stock market saw a mix of buying and selling over the tariff measures imposed by the Trump administration in the United States, with the Nikkei average fluctuating only slightly.
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Former Hankyu Hanshin Holdings Chairman Kazuo Kado passes away
2025-05-07 11:37:00
Kazuo Kado, who was chairman and president of Hankyu Hanshin Holdings, a company that operates a wide range of businesses including railways, distribution, the Hanshin Tigers baseball team and the Takarazuka Revue Company, passed away on April 26th. He was 76 years old.
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Former Hankyu Hanshin Holdings Chairman Kazuo Kado passes away
2025-05-07 11:10:00
Kazuo Kado, who led the Hankyu Hanshin Holdings Group for about 20 years as its top executive, which operates a wide range of businesses including railways, distribution, the Hanshin Tigers baseball team, and the Takarazuka Revue Company, passed away on April 26. He was 76 years old.
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Movement to launch mini-vehicle EVs in the domestic market Chinese companies such as BYD launch new models
2025-05-07 06:25:00
With China's BYD planning to launch a new model, there will be a series of mini electric vehicles (EVs) being introduced into the domestic market from this fiscal year to next. Until now, cars jointly developed by Nissan Motors and Mitsubishi Motors have led the way in sales, but competition is likely to intensify.
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Major automakers to begin announcing financial results in earnest, with U.S. tariffs in focus
2025-05-07 05:31:00
As listed companies announce their financial results one after another, major automakers, including Toyota Motor Corporation, will begin announcing their financial results in earnest from the 8th. With the Trump administration in the United States imposing an additional 25% tariff on imported cars, the focus is on how Japanese automakers will present their performance forecasts for this fiscal year.
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Railroad and airline industries are allowing employees to wear sneakers
2025-05-07 05:10:00
There is a growing movement in the railroad and airline industries to allow employees who work long periods of time standing to wear sneakers.
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