Economic news(2025/05/22)
This year's spring wage negotiations: wage increase rate at major companies reaches 5.38%, remaining at the 5% level for the second consecutive year
2025-05-22 20:49:00
The wage increase rate at major companies in this year's spring labor offensive was 5.38%, remaining at a high level of over 5% for the second consecutive year.
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Chairman of the Japan Auto Parts Industries Association: "Request for government support to maintain domestic production"
2025-05-22 20:04:00
Regarding the US tariff measures on automobiles and parts, Takashi Kayamoto, chairman of the Japan Auto Parts Industries Association, said he intends to ask the government for support in order to maintain domestic production.
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Monthly economic report for May: "Economy recovering slowly, but uncertainty persists"
2025-05-22 19:45:00
In its monthly economic report this month, the government maintained its basic assessment of the current economic situation, stating that "the economy is recovering slowly, but there is uncertainty due to factors such as U.S. trade policy."
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This year's spring wage negotiations: wage increase rate at major companies reaches 5.38%, remaining at the 5% level for the second consecutive year
2025-05-22 19:09:00
The wage increase rate at major companies in this year's spring labor offensive was 5.38%, remaining at a high level of over 5% for the second consecutive year.
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Chairman of Japan Pharmaceutical Manufacturers Association worries about impact of US drug price cut on new drug research
2025-05-22 18:54:00
Regarding the executive order signed by U.S. President Trump to lower the prices of prescription drugs and other products in Japan, Asuka Miyahashira, chairperson of the Japan Pharmaceutical Manufacturers Association, which represents pharmaceutical manufacturers, expressed concern that the reduction in drug prices will have an impact on research into new drugs.
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Fuji TV's third-party committee responds to Nakai's side, saying "the factual findings in the investigation report are appropriate"
2025-05-22 18:44:00
On the 22nd, a third-party committee set up by Fuji Television and its parent company responded to Nakai Masahiro's lawyer, who said the investigation report that confirmed his sexual assault allegations "lacked neutrality and fairness and posed serious problems," by stating that "the findings of fact were appropriate."
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Yen exchange rate rises, worries over US demand to correct strong dollar
2025-05-22 18:39:00
On the 22nd in the Tokyo foreign exchange market, there was an increased trend to buy yen due to concerns that the US might ask Japan to correct the high dollar in the future, and the yen rose in value.
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New gasoline subsidy measures to start on the 22nd: Retail prices to fall by 5 yen
2025-05-22 18:29:00
A new government measure to provide fixed subsidies to keep gasoline prices down began on the 22nd. Initially, subsidies will be provided to lower the national average retail price by 5 yen, and the subsidy amount will be gradually increased until it reaches 10 yen.
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How to prevent death and suicide from overwork during overseas postings: Voices of bereaved families
2025-05-22 18:16:00
"I can't do my job at all, I get scolded every time, it's so hard." These are the words that a 27-year-old man wrote in a notebook he named "Positive Diary" while working overseas. The man was driven to the brink by his first overseas assignment, and took his own life about three months after he was posted there. The Labor Standards Inspection Office recognized it as an industrial accident. His family is starting to speak out, saying they don't want deaths and suicides from overwork overseas to be repeated.
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The Norinchukin Bank's final profit and loss is a deficit of over 1.8078 trillion yen
2025-05-22 18:06:00
The Norinchukin Bank, which posted huge losses due to failed foreign bond investments, posted a net loss of over 1.8 trillion yen for the last fiscal year, its largest ever. The bank has projected a return to profitability for this fiscal year, but the question going forward will be whether it can steadily proceed with reviewing its investment structure.
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Japan Commercial Broadcasters Association Chairman Shin Hayakawa: "We must quickly normalize the situation in which trust in commercial broadcasters is eroding"
2025-05-22 17:53:00
TV Asahi Chairman Hiroshi Hayakawa, who has recently taken office as chairman of the Japan Commercial Broadcasters Association (JBA), held a press conference and said, "My job is to normalize as quickly as possible the current situation in which trust in commercial broadcasters is being shaken."
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Bank of Japan Board member Noguchi: "A progressive approach to monetary policy is important"
2025-05-22 17:40:00
On the 22nd, Noguchi Asahi, a member of the Bank of Japan's Board of Directors involved in deciding monetary policy, gave a speech in Miyazaki City, stating that downside risks to the economy are rapidly increasing due to the impact of tariffs imposed by the Trump administration in the United States. He also stated that a "progressive approach" is important for future monetary policy, and that additional interest rate hikes should be carefully considered.
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New gasoline subsidy measures to start on the 22nd: Retail prices to fall by 5 yen
2025-05-22 16:35:00
A new government measure to provide fixed subsidies to keep gasoline prices down began on the 22nd. Initially, subsidies will be provided to lower the national average retail price by 5 yen, and the subsidy amount will be gradually increased until it reaches 10 yen.
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Stock prices fall as yen strengthens, leading to sell orders for export-related stocks
2025-05-22 16:34:00
On the 22nd, the yen strengthened on the Tokyo stock market and foreign exchange market, and stock prices fell as sell orders spread to many stocks, particularly those related to exports.
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The Norinchukin Bank's final profit and loss is a deficit of 1.8078 trillion yen
2025-05-22 16:25:00
The Norinchukin Bank, which recorded huge losses due to failed foreign bond investments, announced its financial results for the last fiscal year, reporting a net loss of 1.8078 trillion yen. With this being the largest deficit in its history, the next issue for the bank will be whether it can steadily proceed with reviewing its investment structure.
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Bank of Japan Board member Noguchi: "A progressive approach to monetary policy is important"
2025-05-22 13:27:00
On the 22nd, Noguchi Asahi, a member of the Bank of Japan's Board of Directors involved in deciding monetary policy, gave a speech in Miyazaki City, stating that downside risks to the economy are rapidly increasing due to the impact of tariffs imposed by the Trump administration in the United States. He also stated that a "progressive approach" is important for future monetary policy, and that additional interest rate hikes should be carefully considered.
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Stock prices fall. Sell orders dominate as stock price index falls in New York market.
2025-05-22 12:22:00
Following the decline in major stock indexes on the Tokyo stock market on the 22nd and in the New York market on the 21st due to concerns about the worsening US fiscal situation, sell orders prevailed in the Tokyo market as well, causing stock prices to fall.
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Japan-U.S. Finance Ministers' Meeting Reaffirms Principle that "Exchange Rates Should Be Determined by the Market"
2025-05-22 11:42:00
Finance Minister Kato, who is currently attending the G7 meeting in Canada, met separately with U.S. Treasury Secretary Bessent and reaffirmed the principle that exchange rates should be determined by the market. There was no discussion about the exchange rate level, he said.
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Major machinery manufacturers' orders for January to March increased for the second consecutive quarter
2025-05-22 11:37:00
According to the Cabinet Office's Machinery Orders Statistics, which shows the outlook for capital investment by companies, the total amount of orders received by major machinery manufacturers from domestic companies from January to March this year, excluding the volatile shipbuilding and electricity industries, was 2.7632 trillion yen. This is 3.9% higher than the previous three months, and marks the second consecutive quarter of increase.
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OpenAI to acquire startup led by former Apple executive
2025-05-22 11:00:00
OpenAI, a US company developing generative AI, has announced that it will acquire a startup led by a former Apple executive who designed the iPhone and other devices, and will begin developing new AI-equipped devices.
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G7 Finance Ministers and Central Bank Governors Meeting Begins: Will Tariffs Impact be Discussed?
2025-05-22 08:08:00
The G7 Finance Ministers and Central Bank Governors Meeting kicked off in Canada on the 22nd (Japan time). Opinions are expected to be exchanged on the impact of US tariffs on the global economy.
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New gasoline subsidy measures to start on the 22nd: Retail prices to fall by 5 yen
2025-05-22 07:03:00
A new government measure to provide fixed subsidies to keep gasoline prices down began on the 22nd. Initially, subsidies will be provided to lower the national average retail price by 5 yen, and the subsidy amount will be gradually increased until it reaches 10 yen.
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The Dow Jones Industrial Average fell by more than $800 at one point due to rising long-term interest rates amid concerns over the deterioration of the U.S. finances.
2025-05-22 06:34:00
On the 21st, the New York stock market saw a rise in long-term interest rates due to concerns about the worsening US finances, leading to widespread sell orders and a drop of more than $800 in the Dow Jones Industrial Average.
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"To increase the number of women studying science and engineering" Companies introduce activities for female junior and senior high school students
2025-05-22 06:18:00
In an effort to increase the number of women studying science and engineering fields, companies that are working to target female junior and senior high school students gathered at an event to introduce each other's activities.
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G7 Finance Ministers and Central Bank Governors Meeting Begins: Will Tariffs Impact be Discussed?
2025-05-22 05:57:00
The G7 Finance Ministers and Central Bank Governors Meeting kicked off in Canada on the 22nd (Japan time). Opinions are expected to be exchanged on the impact of US tariffs on the global economy.
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