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Shocking stat of the day: $2.1 TRILLION of excess savings have been wiped out of the US economy since August 2021. From March 2020 until August 2021, $2.1 trillion in excess savings were built up after $4 trillion of stimulus. Since then, US households have depleted these savings at a pace of ~$70 billion per month down to a -$72 billion in March 2024. At the same time, US credit card debt has risen by $330 billion to a record $1.1 trillion. Meanwhile, savings rates in the US declined from 3.5% in February to 3.2% in March, the lowest since November 2022. Savings are now considered a luxury. 今日の衝撃的な統計: 2021年8月以降、2.1兆ドルの余剰貯蓄が米国経済から消失した。 2020年3月から2021年8月までの間に、4兆ドルの景気刺激策により2.1兆ドルの余剰貯蓄が蓄積されました。 それ以来、米国の世帯は毎月約700億ドルのペースで貯蓄を使い果たし、2024年3月には-720億ドルにまで減少しました。 同時に、米国のクレジットカード負債は3,300億ドル増加し、過去最高の1兆1,000億ドルに達した。 一方、米国の貯蓄率は2月の3.5%から3月には3.2%に低下し、2022年11月以来の最低となった。 今では貯金は贅沢だと考えられています。
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An overtime cap for truck drivers in Japan took effect with the start of the new fiscal year on April 1. The move is aimed at improving working conditions for truckers. It's prompting businesses to find more efficient ways to transport their goods. One private think tank estimates that if no measures are taken, the overtime cap could reduce haulage capacity by about 35 percent by 2030. Major convenience store chain Lawson cut deliveries of boxed meals to some of its stores from three times a day to two, starting in December. Rival FamilyMart has been tapping the logistics network of Coca-Cola Bottlers Japan since February to supply some of its stores near Tokyo. Other businesses are switching from road to rail. One cattle feed producer in the northern dairy region of Hokkaido now uses trains to ship feed for part of the journey to a storage facility.
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MANGA INDUSTRY CALLS FOR ACTION TO TACKLE OVERSEAS PIRACY A growing number of piracy websites are taking advantage of the global popularity of Japanese manga to illegally sell foreign-language versions. Officials of related industries say action is needed to tackle the problem. The Authorized Books of Japan says a survey conducted in February found more than 1,200 sites were offering pirated titles. The ABJ says more than 70 percent of them were in foreign languages, mainly targeting people in Southeast Asian countries. The organization estimates that these foreign-language sites have at least five times the traffic of the Japanese ones. The estimated damage from overseas copyright infringement was much higher than the 2.5 billion dollars reported in Japan last year.
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BOJ ENDS NEGATIVE RATE POLICY, YIELD CURVE CONTROL The Bank of Japan marks a landmark shift away from its massive monetary stimulus. The central bank has decided to end its negative interest rate policy and raise borrowing rates for the first time in 17 years. It will also abandon its yield-curve control framework, which holds down long- and short-term interest rates. The policymakers announced the move after winding up their two-day meeting on Tuesday. They have decided to end the bank's negative rate policy. The central bank assessed the virtuous cycle between wages and prices and judged that its price stability target of 2 percent inflation would be sustainably achieved. Policymakers say they will encourage the overnight call rate to remain at around zero to 0.1 percent. The central bank's interest rate hike is the first since February 2007. The BOJ also decided not to continue purchasing exchange-traded funds and Japan real estate investment trusts.
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[Delayed]Summary of Consolidated Financial Results for the Six Months Ended February 29, 2024 (Based on Japanese GAAP) が出ていますね
Tokyo police ha…
2024/05/16 17:41
Tokyo police have sent papers to prosecutors on a man who allegedly used camera-equipped smart glasses to cheat on an entrance exam at Waseda University. The 18-year-old was a high school senior when the alleged cheating took place in February of this year. Police say the man took photos of question sheets during a chemistry test for the private university's School of Creative Science and Engineering. <nhkワールド> 悪名高い増税メガネの出身校の入試では、不思議ではないか?