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BackFast Retailing's consolidated sales for the fiscal year ending August 2016 reached a record high of 3,963.3 billion yen.
Fast Retailing's consolidated sales for the fiscal year ending August 2016 reached a record high of 3,963.3 billion yen.
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時事通信yesterdayBusiness2 min readJapanView original

Fast Retailing's consolidated sales for the fiscal year ending August 2016 reached a record high of 3,963.3 billion yen.

Summary of the latest news in various fields such as economics, politics, Nobel Prize awards, etc.

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A summary of major domestic and international news, including Fast Retailing's consolidated sales for the fiscal year ending August 2016, which hit a new record high, the Nobel Prize winners, the Bank of Japan's regional economic report, and the trends of politicians.

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Fast Retailing's consolidated sales for the fiscal year ending August 2016 reached a record high of 3,963.3 billion yen.

In its regional economic report, the Bank of Japan upwardly revised its economic outlook for two of the country's nine regions, Tohoku and Shikoku.

In a lawsuit over the Tochigi/Nasu mayoral election, the Tokyo High Court rescinded the ruling invalidating the election.

Minister of Agriculture, Forestry and Fisheries Yan Yan said at a plenary session of the House of Councilors, ``I will do my best to carry out my duties.''

Prime Minister Takaichi has expressed his intention to have Agriculture, Forestry and Fisheries Minister Yana continue in his post.

Prime Minister Takaichi said of Agriculture, Forestry and Fisheries Minister Yana's comments, ``I thought it was inappropriate, so I gave him a strict warning.''

Prime Minister Takaichi, in a question asked by a representative of the House of Councilors, stated that the funding for the consumption tax cut will be secured through a review of both expenditures and revenues, without relying on special public bonds.

It has been announced that Kimiyasu Kudo will be appointed as the new manager of Chunichi Professional Baseball Baseball.

According to the Japan Meteorological Agency, tremors with an intensity of 4 were observed in northeastern Chiba Prefecture.

According to the minutes of the US Federal Reserve meeting, the majority of participants indicated that raising interest rates by the end of the year would be appropriate.

Investment fund Oasis has requested NIDEK to start considering taking the company private.

Prime Minister Takaichi called Professor Emeritus Soai of Tokyo University of Science, who was awarded the Nobel Prize in Chemistry, to convey his congratulations.

The Liberal Democratic Party and the ``Centrist'' House of Representatives faction have agreed to hold a House of Representatives Budget Committee meeting on the 13th and 14th.

The Nobel Prize was awarded for the discovery of nonlinear effects and autocatalysis in asymmetric organic synthesis.

Professor Emeritus Kenzo Soai of Tokyo University of Science and two others have been selected for this year's Nobel Prize in Chemistry.

The Niigata District Public Prosecutors Office indicted four people, including Sanko Seika's executives at the time, on charges of professional negligence resulting in the death of six people in a fire at Sanko Seika's Arakawa factory.

Regarding the reduction in the number of seats in the House of Representatives, the Prime Minister said, ``I look forward to discussions to make this a reality in this Diet session.''

Regarding Agriculture, Forestry and Fisheries Minister Yana's remarks, the prime minister said, ``It is natural not to bring political support or disapproval into budget allocation.''

Prime Minister Takaichi said in a question by a representative of the House of Representatives that the food consumption tax cut and aid funds are "the best way to go."

Minister of Agriculture, Forestry and Fisheries, Kazuo Yana, explained why he asked the Ministry of Land, Infrastructure, Transport and Tourism about the road budget, saying, ``There were voices of interest from local people, so we wanted to confirm.''

The Fair Trade Commission has launched a compulsory investigation into four major beer companies as suspicions grow that they have formed a cartel over the shipping prices of beer and other products.

Real wages increased by 1.5% in August, the eighth consecutive month of positive growth.

Paramount Skydance announced that it has completed its acquisition of Warner Bros. Discovery.

Researchers from Chiba University are participating in the ice cube experiment.

This year's Nobel Prize in Physics was awarded to researchers behind the Ice Cube neutrino observation experiment.

Prime Minister Takaichi will meet with Okinawa Prefectural Governor Koja on the 7th. the government announced

The Ministry of Land, Infrastructure, Transport and Tourism expressed the belief that there was no lobbying or pressure from Mr. Yan to reduce the road budget.

It has been revealed that this year's road-related budget for two municipalities in Tochigi Prefecture, whose mayors supported candidates opposed to Minister of Agriculture, Forestry and Fisheries Yan Yan in the House of Representatives election, has been reduced by up to 54%.

Open Questions

  • What will be the future development of Agriculture, Forestry and Fisheries Minister Yan's progress and the budget reduction issue?
  • What will be the outcome of the Fair Trade Commission's cartel investigation?

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This article was originally published by 時事通信.

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