(6 Jan 2025)
RESTRICTION SUMMARY:
++PART MUTE++
ASSOCIATED PRESS
Tokyo, Japan – 06 January 2025
1. Zoom out of Japanese Finance Minister Katsunobu Kato with a hammer, ringing the bell to mark the opening of Tokyo Stock Exchange
2. SOUNDBITE (Japanese) Katsunobu Kato, Japanese Finance Minister:
"The Japanese government will take the measures to secure the economical growth led by wage increase and investment, making sure to grasp these signs of recovery, this opportunity to break away from the deflationary economy so that every single citizen can feel the improvement in their salaries."
3. Wide of Japan Financial Literacy and Education Corporation’s chairperson Satoshi Ando ringing the bell
4. Man taking a photo with mobile phone
5. CEO of Japan Exchange Group, Hiromi Yamaji, approaching microphone
6. Reverse shot of people in traditional kimonos
7. SOUNDBITE (Japanese) Hiromi Yamaji, Japan Exchange Group’s CEO:
"There are various risk elements around the market, but especially, I am keeping an eye on (US President Donald) Trump’s administration. Apart from that, geopolitical risks such as the situation in Ukraine, the Middle East and Southeast Asia, uncertainties in China’s economy, other countries’ monetary policies and their developments, business trends in Japan require attention."
8. Cutaway of camera
9. SOUNDBITE (Japanese) Hiromi Yamaji, Japan Exchange Group’s CEO:
"On the other hand, seeing signs of breaking away from a deflationary economy for the first time in 30 years – increase in prices and wages – Japan’s economy is at a crucial turning point."
10. People waiting for the stock trades to be displayed on monitor
11. Close of Nikkei 225 index’s closing figures
12. Wide of monitor
STORYLINE:
Japan’s benchmark Nikkei 225 slipped 1.3% to 39,394.27 after reopening from a holiday.
Local media reported on Monday that Tadashi Imai, the president of Japan’s Nippon Steel, said the company considered filing a lawsuit against the U.S. government as “one of the important options”.
This is after President Joe Biden blocked the company’s nearly $15 billion acquisition of Pittsburgh-based U.S. Steel last week.
Shares of Nippon Steel dropped 0.5% on Monday.
Looking ahead for the year, the Japan Exchange Group’s CEO, Hiromi Yamaji, said he is keeping a "close eye" on the incoming administration of Donald Trump.
AP Video shot by Mayuko Ono
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