Economic news(2025/05/20)
Ministry of Agriculture, Forestry and Fisheries announces results of third rice stockpile auction: JA Zennoh wins 96.7% of total bids
2025-05-20 23:13:00
The Ministry of Agriculture, Forestry and Fisheries has released details of the results of the third bidding for stockpiled rice, which began on the 23rd of last month.
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JA Zennoh announces shipment volume of stockpiled rice by region, Kanto-Koshin accounts for 35% of total
2025-05-20 21:16:00
JA Zennoh, the National Federation of Agricultural Cooperative Associations, has revealed the volume of rice shipped by region for which it won a bid for government stockpiles. As of the 16th of this month, the Kanto-Koshin region accounted for 35% of the total, the largest amount.
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The three major non-life insurance companies' final profits for last year all reached record highs
2025-05-20 20:08:00
Three major non-life insurance groups announced their financial results for the last fiscal year, reporting record-high final profits due in part to increased gains from the sale of cross-shareholdings aimed at maintaining relationships with business partners.
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Keidanren Chairman Tokura's final regular press conference before retirement: "Social security reform"
2025-05-20 19:28:00
Keidanren Chairman Tokura, who is stepping down this month, held his final regular press conference and reiterated his view that while high levels of wage increases have been achieved, they have not led to sufficient consumption, and that social security system reform is necessary to ease the burden on the working generation.
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Yen exchange rate rises Dollar selling and yen buying accelerates in anticipation of Japan-US negotiations
2025-05-20 18:52:00
In the Tokyo foreign exchange market on the 20th, the yen rose in value as there was a move to sell dollars due to the view that the US side would ask Japan to correct the high dollar at the meeting between Finance Minister Kato and US Treasury Secretary Bessent scheduled for this week.
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Long-term interest rates: 10-year government bond yields temporarily rise to the 1.5% range
2025-05-20 18:31:00
On the 20th, the bond market saw a widespread selling of government bonds due to the perception that demand was weak in the Ministry of Finance's Japanese government bond auction, and the yield on 10-year government bonds, which is a representative indicator of long-term interest rates, temporarily rose to the 1.5% range for the first time in about a month and a half.
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Honda EV sales ratio expected to fall short of target, related investment postponed
2025-05-20 17:42:00
In response to the slowdown in sales of electric vehicles (EVs), Honda has announced that the proportion of EVs and other vehicles in its new car sales in 2030 will be around 20%, below its target of 30%, and has indicated its intention to postpone EV-related investments.
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Seven & i Holdings to sell part of Seven Bank's shares to Itochu
2025-05-20 17:28:00
It has been learned that Seven & i Holdings is in the process of making arrangements to sell part of its shares in Seven Bank, a subsidiary that operates ATMs at convenience stores and other locations, to major trading company Itochu Corporation.
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Stock prices are moving slightly, but the yen is rising due to speculation that the dollar is rising, leading to sell orders.
2025-05-20 16:27:00
On the 20th, the Tokyo stock market saw a move to buy back semiconductor-related stocks, which had been falling in price recently, but as the afternoon progressed, the yen strengthened in the foreign exchange market and sell orders were placed on export-related stocks, resulting in little movement in the Nikkei average.
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Iwaki Shinkin Bank misappropriation investigation committee to release findings on 30th
2025-05-20 15:45:00
A third-party committee is investigating the issue of the former management of Iwaki Shinkin Bank, whose head office is in Iwaki City, Fukushima Prefecture, misappropriating funds to support the financing of a large borrower, and is set to release the results of its investigation on the 30th of this month. In conjunction with this, the current chairman of the credit union plans to hold a press conference to explain future measures, including measures to prevent recurrence.
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Nissan's proposal to cut two Kanagawa factories: LDP's Koizumi urges "provide information to local areas"
2025-05-20 15:42:00
Regarding the fact that Nissan Motor's proposed factory downsizing plan includes two factories in Kanagawa Prefecture, former election campaign chairman Koizumi, who also serves as chairman of the Kanagawa Prefectural LDP chapter, met with Nissan President Ivan Espinosa and asked him to provide detailed information to the local area.
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Nippon Steel to U.S. government for huge investment if U.S. Steel acquisition approved
2025-05-20 15:12:00
As the deadline for review of Nippon Steel's plan to acquire the American steel giant U.S. Steel approaches, it has been revealed that Nippon Steel has informed the U.S. government of its intention to make a huge investment in U.S. Steel if the plan is approved. According to sources, the investment amount is expected to be in the trillions of yen.
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Fuji parent company's new personnel plan: Outside director Saito "hopes for restoration of trust"
2025-05-20 15:06:00
Regarding the new personnel plan decided by the company for the next management structure of Fuji Television's parent company, Nippon Cultural Broadcasting President Kiyoto Saito, who serves as an outside director of the parent company, expressed his hope that trust will be restored, saying that the plan brings together people with deep experience and knowledge in their respective fields.
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Honda lowers target for EV and fuel cell vehicle ratio from 30% to around 20%
2025-05-20 15:05:00
In response to the slowdown in global demand for EVs (electric vehicles), Honda has announced its intention to lower its target for the proportion of EVs and fuel cell vehicles in new car sales in 2030 from the previous 30% to around 20%. It has also reduced the amount of investment it will make in software development for EVs and autonomous driving by fiscal 2030 from the previous 10 trillion yen to 7 trillion yen. However, it has decided to maintain its target of making all new cars sold in 2040 EVs and fuel cell vehicles.
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[Video commentary] What cases will be problematic if the "Customer Harassment Prevention Ordinance" is enacted?
2025-05-20 14:53:00
Measures against customer harassment, such as nuisance behavior from customers, so-called "customer harassment," have begun. In April, Tokyo, Gunma, and Hokkaido enacted the nation's first customer harassment prevention ordinance. In this video, we will explain what constitutes "customer harassment."
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Stock prices rise as impact of US government rating limited; export-related stocks buy
2025-05-20 12:36:00
On the 20th, the Tokyo stock market saw stock prices rise as buying of export-related stocks and other stocks increased, as the impact of the downgrade of the US government's credit rating on the New York market on the 19th was limited.
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Minister of Finance: "Strict action will be taken in accordance with the law" for misappropriation of funds by Iwaki Shinkin Bank
2025-05-20 11:58:00
Regarding the issue of the former management of Iwaki Shinkin Bank, which has its head office in Iwaki City, Fukushima Prefecture, misappropriating funds to support the cash flow of large borrowers, Minister of Finance Katsuyuki Kato stated that the Financial Services Agency intends to take strict measures in accordance with the law, taking into account the findings of an independent committee currently investigating the facts.
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Microsoft announces "AI Agent" service that can be developed independently
2025-05-20 11:35:00
American IT giant Microsoft has announced a new service that enables businesses and other organizations to independently develop "AI agents" that perform tasks on computers on behalf of people, demonstrating its intention to further strengthen this field.
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Port of Los Angeles imports fall by 30% in first week of May due to Trump tariffs
2025-05-20 09:43:00
The Port of Los Angeles, the US's gateway for trade with Asia, revealed that the volume of imported cargo handled in the first week of May fell by more than 30% compared to the same period last year due to the impact of the Trump administration's tariff policies.
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Chiba zoo sells NFTs, first in Japan to record 3D data of gorillas and other animals
2025-05-20 07:01:00
Chiba Zoo has started a business selling digital images of animals using "NFTs," a cryptocurrency that certifies the originality of products sold in the digital space. This is the first time in Japan that a zoo has used NFTs.
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Fuel containing up to 10% bioethanol to be introduced from fiscal 2028
2025-05-20 06:29:00
The Ministry of Economy, Trade and Industry has decided to bring forward two years of its action plan to commercialize a fuel made by mixing up to 10% "bioethanol," made from corn and sugarcane, with gasoline by fiscal 2030, and to introduce it in some areas from fiscal 2028.
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EU sharply cuts 2019 economic growth forecast in wake of Trump tariffs
2025-05-20 03:45:00
The European Union has significantly revised down its forecast for this year's economic growth rate for the eurozone, which includes Germany and France, to 0.9%, in response to tariffs imposed by the Trump administration.
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Nippon Steel considering 2 trillion yen investment in US Steel - Foreign Press Agency
2025-05-20 03:35:00
As the deadline for a U.S. government committee's review of Nippon Steel's plan to acquire U.S. Steel, a major American steel manufacturer, approaches, Reuters reported that Nippon Steel is considering investing 2 trillion yen in U.S. Steel if the plan is approved.
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