Japan's net external assets hit record 3 tln USD in 2023

STORY: Japan's net external assets hit record 3 tln USD in 2023 SHOOTING TIME: May 28, 2024 DATELINE: May 28, 2024 LENGTH: 0:01:52 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's net external assets rose to a record 471.31 trillion yen (3 trillion U.S. dollars) in 2023, up 12.2 percent from a year earlier, as a weak yen inflated the value of foreign stocks, bonds, and other holdings in yen terms, government data showed Tuesday. With the figure increasing for a sixth straight year, Japan retained its position as the world's largest creditor for the 33rd straight year in yen terms, followed by Germany and China as of the end of 2023, according to the Ministry of Finance. Gross external assets, held by the Japanese government, companies and individual investors, rose 11.1 percent to 1,488.34 trillion yen, while external debt went up 10.6 percent to 1,017.04 trillion yen, the ministry said. The yen was 7.0 percent weaker against the U.S. dollar in

China on track to become world's largest auto exporter

STORY: China on track to become world's largest auto exporter DATELINE: June 29, 2023 LENGTH: 00:02:19 LOCATION: Beijing CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of auto export related footage 2. SOUNDBITE 1 (English): MILAN NEDELJKOVIC, Member of the board of management of BMW AG 3. SOUNDBITE 2 (English): SUPAKIJ VISEDPAITOON, MG Sales (Thailand) Co., Ltd. STORYLINE: China vehicle exports soared to 1.07 million units in the first quarter of 2023, the most in the world, outpacing Japan. Nearly 1.76 million vehicles were exported in the first five months of this year, soaring 81.5 percent year on year. In the same period, China's auto sales and output stood at 10.62 million units and 10.69 million units, respectively, both rising 11.1 percent from a year ago. As one of the most dynamic and promising mobility markets in the world, China, in both terms of sales and production, is attractive to foreign auto companies. German carmaker BMW has witnessed China's journey of becoming the world's most acti

UK inflation unexpectedly jumps to 10.4 pct: ONS

STORY: UK inflation unexpectedly jumps to 10.4 pct: ONS DATELINE: March 23, 2023 LENGTH: 00:03:40 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. various of supermarket and farm market in London STORYLINE: The United Kingdom's (UK) consumer price index (CPI) rose to 10.4 percent in the 12 months to February 2023 from 10.1 percent in January, the Office for National Statistics (ONS) said on Wednesday. The 10.4 percent rise was higher than the 9.9 percent forecast by economists polled by Reuters, dampening expectations for a marked drop in inflation. Inflation had been falling from the 41-year-high of 11.1 percent in October 2022 for three months. Commenting on the CPI figures, ONS chief economist Grant Fitzner said that inflation was mainly driven by "rising alcohol prices in pubs and restaurants following discounting in January." "Food and non-alcoholic drink prices rose to their highest level in over 45 years with particular increases for some salad and vegetable items as high energy costs and

Bank of England raises rates to 4 pct

STORY: Bank of England raises rates to 4 pct DATELINE: Feb. 3, 2023 LENGTH: 00:02:37 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of England 2. various of BoE February press conference 3. various of London streets and supermarket STORYLINE: The Bank of England (BoE) raised its benchmark interest rate on Thursday by half a percentage point to 4 percent, its highest level since autumn 2008. At its meeting on Wednesday, the BoE's Monetary Policy Committee (MPC) voted in favor of the increase by a majority of 7-2, the bank said in a statement. This is the 10th consecutive rate hike since December 2021 as the BoE continues its fight against inflation, which slowed to 10.5 percent in December 2022 from a 41-year high of 11.1 percent in October. "Global consumer price inflation remains high, although it is likely to have peaked across many advanced economies, including in the United Kingdom (UK)," the BoE said, adding that domestic inflationary pressures have been firmer than expected.

Toyota raises profit, sales estimates

Toyota raises profit, sales estimates

TOKYO, Japan - Toyota Motor Corp. Senior Managing Officer Takahiko Ijichi speaks during a press conference in Tokyo on Feb. 7, 2012. The automaker said it has raised its group net profit forecast for the business year through March 31, 2012, to 200 billion yen, up 11.1 percent from its previous estimate, citing progress in its cost-reduction measures.

China's GDP grows 11.1% in 1st half of 2010

China's GDP grows 11.1% in 1st half of 2010

BEIJING, China - People head for work in Beijing on July 15, 2010, the day the Chinese government announced the country's economy grew 11.1 percent in the first half of the year.

China's GDP grows 11.1% in 1st half of 2010

China's GDP grows 11.1% in 1st half of 2010

BEIJING, China - People head for work in Beijing on July 15, 2010, the day the Chinese government announced the country's economy grew 11.1 percent in the first half of the year.

COVID-19 main cause of Malaysian deaths in 2021

STORY: COVID-19 main cause of Malaysian deaths in 2021 DATELINE: Oct. 28, 2022 LENGTH: 00:01:26 LOCATION: Kuala Lumpur CATEGORY: HEALTH SHOTLIST: 1. various of ambulances 2. various of crowds accepting COVID-19 swab test STORYLINE: The biggest cause of Malaysian deaths in 2021 was COVID-19, the country's statistics department said on Thursday. The virus was responsible for 31,063 deaths recorded out of the total of 157,251 medically certified deaths reported, the department said in a statement. Ischemic heart disease was the second biggest cause of death with 13.7 percent followed by pneumonia (11.1 percent), cerebrovascular diseases (6.5 percent) and transport accidents (1.9 percent). "COVID-19 infection was the main cause of death for males and females with 17,708 and 13,355 deaths respectively," it said. According to the department, all age groups recorded COVID-19 infection as the leading cause of death except for the group aged 0-14, which saw transport accidents are the main cause of death. Xinh

Oil prices cap worst week since 2020 amid reserves release

STORY: Oil prices cap worst week since 2020 amid reserves release DATELINE: April 2, 2022 LENGTH: 00:01:37 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of refineries near Houston 2. various of gas stations in New York City STORYLINE: Oil prices fell on Friday, capping their worst week in nearly two years, as supply concerns eased on reserves release. The West Texas Intermediate (WTI) for May delivery lost 1.01 U.S. dollars, or 1 percent, to settle at 99.27 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery decreased 32 cents, or 0.3 percent, to close at 104.39 dollars a barrel on the London ICE Futures Exchange. For the week, the U.S. crude standard and Brent dropped 12.8 percent and 11.1 percent, respectively, based on the front-month contracts. Both benchmarks saw their biggest weekly percentage declines since late April 2020, according to Dow Jones Market Data. Members of the International Energy Agency (IEA) agreed to a new release of oil from eme

China's GDP grows 11.1% in 1st half of 2010

China's GDP grows 11.1% in 1st half of 2010

BEIJING, China - People head for work in Beijing on July 15, 2010, the day the Chinese government announced the country's economy grew 11.1 percent in the first half of the year. (Kyodo)

China's GDP grows 11.1% in 1st half of 2010

China's GDP grows 11.1% in 1st half of 2010

BEIJING, China - People head for work in Beijing on July 15, 2010, the day the Chinese government announced the country's economy grew 11.1 percent in the first half of the year. (Kyodo)

Toyota raises profit, sales estimates

Toyota raises profit, sales estimates

TOKYO, Japan - Toyota Motor Corp. Senior Managing Officer Takahiko Ijichi speaks during a press conference in Tokyo on Feb. 7, 2012. The automaker said it has raised its group net profit forecast for the business year through March 31, 2012, to 200 billion yen, up 11.1 percent from its previous estimate, citing progress in its cost-reduction measures. (Kyodo)