Economic news(2025/05/23)
Nissan considers selling headquarters building to cover 100 billion yen in restructuring costs
2025-05-23 20:55:00
Nissan Motor Co., Ltd., which is facing deteriorating business performance, is considering selling its headquarters building in Yokohama to cover the costs of restructuring. The sale price is expected to be around 100 billion yen.
TOP
Rakuten Mobile's "5G" base station construction delayed, Ministry of Internal Affairs and Communications issues administrative guidance
2025-05-23 20:05:00
The Ministry of Internal Affairs and Communications has issued administrative guidance to Rakuten Mobile, calling for improvements to be made to the company's delays in building base stations for the high-speed, large-capacity communications standard "5G."
TOP
More than 3,000 consultations on U.S. tariff measures, including complaints about requests to cut production
2025-05-23 19:00:00
The Ministry of Economy, Trade and Industry revealed that the consultation hotlines it set up across the country in response to the U.S. tariff measures have received more than 3,000 inquiries from companies, including reports from automakers that they have been asked to reduce production and delay deliveries.
TOP
Nippon Steel says US Steel acquisition plan reexamined: "Risks can be addressed"
2025-05-23 18:59:00
Reuters reported that a US government committee that reviewed Nippon Steel's acquisition plan for US Steel again reported to President Trump that many members expressed the view that the security risks could be dealt with. However, it also said that opinions were divided, and attention is focused on what decision President Trump will make.
TOP
Investment funds launch proxy fight over Fuji TV parent company's management structure
2025-05-23 18:34:00
Regarding the management structure of Fuji Television's parent company, a major shareholder investment fund has decided to start a "proxy contest" to collect proxies for voting rights from other shareholders so that its proposal for the next director candidates will be approved at the general shareholders meeting. The battle between the company and the fund is likely to become even more intense.
TOP
Yen exchange rate: Small fluctuations
2025-05-23 18:30:00
On the 23rd in the Tokyo foreign exchange market, concerns over the worsening US finances eased and there was a move to buy back dollars, but there was also a move to buy yen on speculation that the US might ask Japan to correct the weak yen and strong dollar, and the yen fluctuated slightly in value.
TOP
JA Zennoh's stockpiled rice purchased in March: "More than 50% of total shipments to wholesalers"
2025-05-23 17:57:00
JA Zennoh, which won the largest amount of stockpile rice in the auction held in March this year, announced that by the 22nd, it had shipped more than 50% of the stockpile rice it won to wholesalers.
TOP
Stock price slightly increased Sell order to lock in immediate profits
2025-05-23 16:06:00
On the 23rd, stock prices on the Tokyo stock market rose in the morning, but in the afternoon, with Japan-US negotiations over US tariff measures approaching, sell orders were placed as investors sought to lock in immediate profits, and the Nikkei average only rose slightly.
TOP
Japan-U.S. negotiations over tariff measures: Adjustments made with proposal including Nippon Steel's huge investment
2025-05-23 15:14:00
In the Japan-US negotiations over US tariff measures, the Japanese side is making adjustments to present a future investment plan for Japanese companies in the US, including trillions of yen in investments related to Nippon Steel's plan to acquire US Steel, a major American steelmaker. The Japanese side hopes to emphasize its commitment to contributing to the US economy, including Nippon Steel's huge investment, and use this to lead to a review of tariff measures.
TOP
Apartment prices soar: First survey of foreign investment status [Economics column]
2025-05-23 14:59:00
"The soaring prices of apartments in central Tokyo are due to investments by foreigners," is a point we hear often. However, there is no actual statistical data showing the actual percentage of apartment purchases in central Tokyo that are made by foreigners. In response to growing voices saying that prices are too high and people cannot afford to buy an apartment to live in, the Ministry of Land, Infrastructure, Transport and Tourism is launching its first survey of the actual situation in order to determine what kind of housing policy is needed. (Economics Reporter Makino Shintaro)
TOP
Stock prices rise; wide range of buying orders, mainly for semiconductors and export-related stocks
2025-05-23 12:02:00
On the 23rd, the Nikkei Stock Average on the Tokyo Stock Exchange rose as buy orders were placed on a wide range of stocks, particularly those related to semiconductors and exports.
TOP
Revised Condominium Ownership Act enacted to facilitate condominium management and revitalization
2025-05-23 11:56:00
As the number of dilapidated apartment buildings continues to increase, the House of Councilors passed and enacted a revised Condominium Act on the 23rd, which includes a review of the requirements for resolutions by management associations in order to facilitate the management and renovation of buildings.
TOP
Nippon Steel says US Steel acquisition plan reexamined: "Risks can be addressed"
2025-05-23 11:49:00
Reuters reported that a US government committee that reviewed Nippon Steel's acquisition plan for US Steel again reported to President Trump that many members expressed the view that the security risks could be dealt with. However, it also said that opinions were divided, and attention is focused on what decision President Trump will make.
TOP
Nippon Steel says US Steel acquisition plan reexamined: "Risks can be addressed"
2025-05-23 10:57:00
Reuters reported that a US government committee that reviewed Nippon Steel's acquisition plan for US Steel again reported to President Trump that many members expressed the view that the security risks could be dealt with. However, it also said that opinions were divided, and attention is focused on what decision President Trump will make.
TOP
Nippon Steel to report to Trump on CFIUS review of proposed US Steel acquisition
2025-05-23 09:40:00
On the 22nd, Reuters reported that the Committee on Foreign Investment in the United States (CFIUS), the US government's committee that reviewed Nippon Steel's plan to acquire U.S. Steel again, reported to President Trump. According to the report, a White House official, speaking on condition of anonymity, said that although the report did not reach a unanimous decision, "many believe that the security risks can be addressed by taking mitigation measures." CFIUS was once again reviewing Nippon Steel's huge acquisition plan, which former President Biden issued a ban order for in January this year. Attention is focused on what decision President Trump will make on the acquisition plan by June 5th in response to the report.
TOP
G7 Finance Ministers and Central Bank Governors Statement Does Not Directly Mention Tariffs
2025-05-23 09:33:00
The meeting of finance ministers and central bank governors of the G7 countries, held in Canada, concluded with the adoption of a joint statement in the early hours of the 23rd (Japan time). The statement did not directly mention the US tariff measures, but expressed concerns about global imbalances in areas such as trade and investment.
TOP
G7 Finance Ministers and Central Bank Governors Statement Does Not Directly Mention Tariffs
2025-05-23 08:05:00
The meeting of finance ministers and central bank governors of the G7 countries, held in Canada, concluded with the adoption of a joint statement in the early hours of the 23rd (Japan time). The statement did not directly mention the US tariff measures, but expressed concerns about global imbalances in areas such as trade and investment.
TOP
Nissan President gives detailed explanation on status of cuts to seven factories in exclusive interview
2025-05-23 06:17:00
In an exclusive interview with NHK, Nissan President Ivan Espinosa said that no final decision has been made yet regarding the seven factories to be cut both in Japan and overseas. However, he emphasized that given the growing anxiety among employees and local stakeholders, the company intends to provide a detailed explanation of the progress of the review.
TOP