Society | Dec 26

Nikkei plunges below 20,000 amid global sell-off

Dec 26 (NHK) - Tokyo's benchmark Nikkei Average plummeted more than 1,000 points. The index finished below the key 20,000-mark for the first time since September 2017.

Investors sold shares on worries that the global economy may be slowing down. The Nikkei Average tumbled 1,010 points, or five percent, to finish at 19,155. That's the lowest close in a year and 8 months.

Political turmoil in the Unites States also fueled the sell-off.

President Donald Trump tweeted that the Federal Reserve is the only problem that the US economy has. Trump stepped up attacks against the Fed after it raised the key interest rate for the 4th time this year.

And the partial shutdown of the government didn't help matters. That will last until the US Congress can agree on a spending bill. But many are worried that won't happen with Trump insisting on funding for a border wall.


MORE Society NEWS

Japanese company Smile-Up, the former talent agency known as Johnny & Associates, says it has sent a letter of protest to Britain's public broadcaster BBC over its program on sexual abuse by its late founder. (NHK)

Actress Akane Hotta announced on the 26th that she has married a non-celebrity man she had been dating, sharing her joy on Instagram.

Princess Aiko, the eldest daughter of the Emperor and Empress, made her first solo visit to the tombs of the Showa Emperor and Empress Kojun on Thursday, to report her graduation from Gakushuin University and her new employment at the Japanese Red Cross.

POPULAR NEWS

In a significant movement in the foreign exchange markets, the Japanese yen has once again depreciated, crossing the 158 mark against the U.S. dollar. This level marks the weakest the yen has been in approximately 34 years, signaling ongoing economic pressures and potentially major shifts in Japan's financial landscape.

In a remarkable display of bravery and quick thinking, a seven-year-old girl in Kitakyushu successfully rescued her four-year-old sister who had been kidnapped. The incident, which unfolded on April 13th, began when the siblings were approached by a stranger while playing on the street.

Japan's Cabinet Office's Government Public Relations Office recently stirred controversy with a social media post showcasing an overly lavish depiction of school lunches, leading to a public outcry over the authenticity of the meals presented.

Tokyo's Shinagawa district welcomes a new landmark with the grand opening of the Gotanda JP Building on Friday, April 26, featuring a dog-friendly hotel by Hoshino Resort, co-working spaces, and a vibrant culinary scene.

Japanese company Smile-Up, the former talent agency known as Johnny & Associates, says it has sent a letter of protest to Britain's public broadcaster BBC over its program on sexual abuse by its late founder. (NHK)

FOLLOW US