
Chairman Ken Kobayashi holds a press conference in New Delhi, emphasizing support for expansion of small and medium-sized enterprises and acquisition of human resources.
AI-generated summary
This is the first time in eight years that the Japan Chamber of Commerce and Industry has dispatched an economic mission to India.
[New Delhi Jiji] An "economic mission" led by Japan Chamber of Commerce and Industry Chairman Ken Kobayashi has begun a tour of India. This is the first time in eight years that the head of the Nissho Chamber of Commerce has been dispatched. At a press conference in the capital New Delhi on the 27th, Mr. Kobayashi expressed his hope that his visit would lead to an increase in the number of small and medium-sized businesses expanding from Japan and to the acquisition of Indian human resources.
The 32-person delegation toured New Delhi and western Mumbai from the 25th to the 31st. They are planning to hold talks with local economic groups and officials from prestigious technical universities, and are also arranging meetings with government officials.
Mr. Kobayashi explained at the press conference that he came to make a ``breakthrough'' on the flattening of the number of Japanese companies operating in India in recent years. When he met with executives from a government-affiliated think tank, he said he specifically conveyed to them the complexity of administrative procedures and the issue of land acquisition, which is a barrier for small and medium-sized enterprises to expand their business.
``How to fill the shortage of human resources in Japan is an urgent issue,'' he said, expressing his hopes for Indian human resources who can become workers.

A variety of breaking news from Japan and abroad, including the US Federal Reserve's insistence on keeping interest rates unchanged or raising interest rates, an earthquake with a magnitude of 5 on the Japanese scale in Chiba Prefecture, a train crash in Spain, and the Japan-Germany summit announcing the launch of AI dialogue.

The US Federal Reserve decided to leave the policy interest rate unchanged at the FOMC meeting on the 28th. Although inflation is accelerating due to soaring oil prices due to the U.S.-Iran conflict, the government has postponed any urgent interest rate hikes ahead of the midterm elections in November. Some board members voted against it.

On the 28th, the Consumer Affairs Agency announced that it had ordered four subsidiaries of Iida Group Holdings to pay a total of approximately 441 million yen in fines for violating the Act on Premiums and Representations (misperception of superiority) for displaying advertisements such as ``No. 1 custom-built housing company'' without conducting an objective investigation.

US AI company Anthropic files a prospectus with the SEC in preparation for its IPO. The amount raised could be $100 billion, the largest in history, and the company is expected to be listed on the Nasdaq in November.

JR Tokai, JR West, and JR Kyushu announced that 170,000 pieces of member information for their Shinkansen reservation services ``Express Reservation'' and ``Smart EX'' were leaked. The cause was unauthorized access to Ymir Link, which was outsourced to send emails.

The US Federal Reserve (FRB) is expected to hold a Federal Open Market Committee (FOMC) meeting on the 27th and 28th, leaving policy interest rates unchanged. Ahead of the mid-term elections on the 3rd of next month, the government is taking a wait-and-see approach even though inflation has accelerated. The December meeting after the election is expected to be the most likely date for further interest rate hikes.