Top NewsOctober corporate prices rose 3.4% = Bank of JapanThe Bank of Japan announced on the 13th that the October domestic corporate price index (flash estimate, 2020 average = 100) was 123.7, up 3.4% from the same period last year.
米外為市場サマリー: The widening of the interest rate spread between Japan and the USA was noted, pushing the exchange rate temporarily to the 154.90 yen level.On the 12th, in the New York foreign exchange market, the dollar-yen exchange rate ended with a dollar strengthening and yen weakening of around 90 yen compared to the previous day, with 1 dollar = 154.61 yen. The euro was approximately 164.25 yen per euro, with a euro strengthening and yen weakening of nearly 50 yen.
Toyota and Honda increase lobbying expenses in the USA over tariffs and electric vehicle incentives.Since the Trump administration, Japanese automobile giants have dramatically increased their lobbying expenses in the USA. This represents an average annual increase of 20% compared to the second term of the Obama administration. They are being pressured to respond to strong protectionist policies and electric vehicle (EV) incentives introduced by the Biden administration. With the potential return of former President Trump, they intend to further intensify their lobbying efforts.
$Toyota Motor (7203.JP)$、
$Honda Motor (7267.JP)$と
$Nissan Motor (7201.JP)$They intend to increase their efforts in lobbying activities.
Vision Fund under SoftBank Group returns to profitability after 9 quarters. $SoftBank Group (9984.JP)$(SBG) announced that the consolidated financial statements (international accounting standards) from April 12, 2024 to September showed a net profit of 1 trillion 53 billion yen (compared to a net loss of 1 trillion 408.7 billion yen in the same period last year). The Vision Fund business turned cumulative profit for the first time in 9 quarters, benefiting from the global stock market recovery. Past large acquisitions also contributed to performance.
Source: Various press releases, MINKABU, NIKKEI, Wealth Advisor-moomoo News by Evelyn