Core Insights - The Tokyo Game Show 2025 opened on September 25, showcasing popular game series that are set to be adapted into movies or animations, highlighting the increasing costs of game development and the need to enhance IP value through various channels [1][4]. Group 1: Industry Trends - The development costs for large-scale games are exceeding 10 billion yen, making it difficult to recover investments solely from the Japanese market [7]. - The Tokyo Game Show is evolving from a domestic exhibition to an international event, with a record 615 overseas companies participating this year [7]. - The Japanese gaming market has seen stagnation over the past five years, while the global gaming content market is projected to grow by 5% in 2024, reaching 31 trillion yen [4][7]. Group 2: Company Strategies - Sega has set up the largest exhibition area at the event, promoting its new game "Sonic Racing: Cross World," and plans to expand its IP through a "cross-media strategy" starting in April 2024 [3]. - The success of the "Super Mario Bros. Movie," which grossed over $1.33 billion globally, has prompted Japanese companies to adapt their major games into films [4][7]. - Konami's "Silent Hill f" is set to premiere in North America in January 2026, while Capcom's "Resident Evil: The Final Chapter" will be released in September 2026 [4].

Core Viewpoint - The article highlights the increasing popularity of "katsu" (fried pork cutlet) among tourists visiting Japan, indicating a growing trend in food preferences that could impact the food industry and tourism sector [2] Group 1: Industry Trends - The demand for "katsu" has surged, particularly among international visitors, suggesting a shift in culinary interests that may benefit local restaurants and food vendors [2] - The article notes that the rise in popularity of "katsu" aligns with broader trends in Japanese cuisine gaining global recognition, which could lead to increased investment opportunities in the food sector [2] Group 2: Economic Impact - The influx of tourists seeking "katsu" contributes positively to the local economy, as it drives sales for restaurants and related businesses [2] - The article mentions that this trend could lead to job creation within the food service industry, further stimulating economic growth in regions popular with tourists [2]

特朗普在自身的社交媒体（SNS）上透露了这一消息。美国商务部自4月起根据《贸易扩展法》第232 条，对医药品领域的实际进口状况展开调查。医药品将成为继钢铝、汽车及汽车零部件、铜制品之后， 特朗普政府又一个按行业领域征收关税的品类。 特朗普发帖称，将被征收100％额外关税的是"品牌药及受专利保护的医药品"。目前尚未公布具体的对 象产品范围，估计美国商务部将通过《联邦公报》正式公布。 特朗普还在帖子中写道："正在美国境内建设医药品生产工厂的企业除外"，表明了将对那些对美投资的 制药企业免征额外关税的想法。他同时明确写道："正在建设"的项目也包括那些处于动工阶段的项目。 日本经济新闻（中文版：日经中文网）八十岛绫平 华盛顿 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 特朗普在自己的SNS上透露了这一消息。使用专利已到期成分的"仿制药"预计不在加征范围内。特朗普 还表明，只要在美国国内动工建设工厂，或能免除新的关税…… 美国总统特朗普于9月25日表示，将自10月1日起对进口自海外的品牌医药品加征100％的关税。使用专 利已到期成分的 ...

Core Viewpoint - The Chinese yuan has appreciated against the US dollar, reaching levels not seen in about 10 months, primarily due to reduced concerns over US-China trade tensions and a stable economic growth rate in China above 5% [2][4]. Exchange Rate Trends - The yuan's exchange rate recently peaked at 1 USD = 7.1019 CNY, marking the highest level since November 2024, with fluctuations around 1 USD = 7.110 to 7.114 CNY [4]. - Earlier in April, the yuan had depreciated to 1 USD = 7.3518 CNY, the lowest level in 18 years, driven by significant tariffs imposed by the Trump administration and market fears regarding China's economic outlook [4]. Trade Agreements and Economic Factors - In May, the US and China reached an agreement to reduce additional tariffs by 115%, with a 90-day suspension of certain tariffs, which has contributed to the yuan's appreciation [6]. - The interest rate differential between the US and China has narrowed, with Chinese long-term rates rising and US rates expected to decline, further supporting the yuan's relative value [6]. Central Bank Policies - The People's Bank of China (PBOC) has adjusted the daily floating range of the yuan against the dollar to ±2% around the central rate, indicating a controlled approach to allow for some appreciation while preventing excessive depreciation [7]. - The PBOC has shown a willingness to let the yuan appreciate moderately, as evidenced by its setting of the central rate above the previous day's actual rate during periods of high selling pressure [7]. Economic Growth Projections - China's GDP growth rate is projected to exceed 5% in the first half of 2025, allowing for a toleration of yuan appreciation [7]. - The economic outlook for 2024 suggests higher growth driven by consumer incentives, but challenges may arise in achieving targets in the latter half of 2025 [7].

Group 1 - The article introduces Nikkei BP, a leading B2B media company in Japan, established in April 1969, focusing on management, professional technology, and lifestyle [3]. - Nikkei BP aims to meet diverse customer needs through its specialized content in the aforementioned fields [3]. Group 2 - The article promotes a book titled "Investing is Surprisingly Interesting," which serves as a guide for beginners in the stock market, emphasizing the importance of understanding stock price movements and market dynamics [6]. - The book targets individuals looking to achieve stable returns in investments and aims to equip them with necessary skills and knowledge applicable beyond the stock market [6].

丰田在静冈县裾野市打造的智慧城市"Woven City"9月25日启动，在实际居民生活环境中验证自动驾驶等技术。美国Waymo在5个地区开展自动驾驶出租车 业务。中国的百度也将自动驾驶服务拓展到了10余个城市…… 9月25日，丰田在静冈县裾野市打造的智慧城市"Woven City"启动。大金工业及日清食品等共20个日本国内企业和个人方参与，将在实际居民生活环境中 验证自动驾驶等技术。在中美企业领跑自动驾驶领域的背景下，丰田急于通过跨行业的城市级测试，实现源自日本的新一代移动出行社会。 丰田测试的小型交通工具（9月25日，静冈县裾野市） | | 丰田集团外企业的举措 | | --- | --- | | 大金工业 | 通过压力管理减少花粉进入室内 | | DyDo Drinco | 新设计的自动售货机 | | 日清食品 | 营养饮食的影响 | | UCC Japan | 通过在咖啡馆提供咖啡提高工作效率和 促进交流 | | 增进会控股 | 城市内利用数据的保育设施 | | 星际科技公司 | 强化火箭制造体制 | | 共立制药 | 图 与宠物共生的城市设计 | | | 参加的丰田集团企业 | 在美国，Alphabe ...

日元走软带动出口相关股票受到买盘支撑，同时投资者为获取中期分红的买入也推升了大盘。盘中因短 期过热感引发的抛售一度导致股指下跌，但在看涨情绪浓厚的背景下，投资者的逢低买入意愿强烈，下 午日经平均股指在高位运行。东证股价指数（TOPIX）也连续第3个交易日上涨，并同样连续创新高。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 9月25日，日经平均股指连续第3个交易日上涨，收于4万5754.93点，较前一日上涨124.62点 （0.27%），连续创出新高。在看涨情绪浓厚的背景下，投资者的逢低买入意愿强烈…… 在 9月25日的东京股市，日经平均股指连续第3个交易日上涨，收于4万5754.93点，较前一交易日上涨 124.62点（0.27%），连续创出新高。 ...

日经中文网 https://cn.nikkei.com 石破茂不会以需要内阁会议决定的正式谈话形式发表见解。在即将辞职之际，他计划以个人见解的形式 表达自己的观点。 日本经济新闻（中文版：日经中文网）中冈敬登 纽约报道 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 石破茂在纽约举办记者会（9月24日，Kyodo） 石破茂在联合国大会一般性辩论中谈及了亚洲的宽容性。石破茂不会以需要内阁会议决定的正式谈话形 式发表见解。在即将辞职之际，他计划以个人见解的形式表达自己的观点…… 9月24日，日本首相石破茂在美国纽约举行了记者会。他表示希望就"战后80年"发表相关见解，"不能让 战争风化"。 今年是战后80年，石破茂在联合国大会一般性辩论中谈及了亚洲的宽容性。他解释说："为什么没能阻 止那场战争，政治发挥了怎样的作用，又未能发挥怎样的作用，我想阐述自己的看法"。 ...

Group 1 - The core viewpoint of the articles revolves around the potential visit of former President Trump to Japan, which would mark his first visit since taking office again in January 2025 [2][4]. - The visit is planned to occur before the APEC leaders' meeting in South Korea on October 31 and November 1, with Japan aiming to communicate its policy towards China prior to the US-China talks [2][5]. - The Japanese government is coordinating the logistics of Trump's visit, which is expected to coincide with the election of a new Prime Minister following the resignation of Shinzo Abe [4]. Group 2 - The discussions during Trump's visit are likely to include topics beyond economic issues, such as defense cooperation to strengthen the US-Japan alliance, based on a tariff agreement reached in July [4]. - The US State Department has indicated a strong willingness from Trump to visit Japan, highlighting the long-standing relationship between the US and Japan [4]. - Regardless of whether Trump visits Japan, the country remains a cornerstone for security, stability, and prosperity in the Indo-Pacific region [4].

Group 1 - The core viewpoint is that copper prices are expected to remain strong due to a shortage of copper ore, exacerbated by the operational issues at the Grasberg mine [2][6]. - The international benchmark price for copper reached a new high of $10,364 per ton on September 24, marking the largest increase in approximately 5.5 months [4]. - Freeport-McMoRan, a major U.S. mining company, indicated that production at its Indonesian subsidiary could decrease by about 35% by 2026 due to a landslide incident at the Grasberg mine [6]. Group 2 - Concerns about copper ore shortages are heightened by the expansion of copper smelting capacity in China, which is not being met by sufficient ore supply [6]. - The Cobre Panamá copper mine in Panama was forced to suspend operations in 2023 due to environmental protests, further contributing to supply concerns [6]. - Market Risk Advisory's representative stated that copper prices will continue to remain strong in the context of ore shortages if the Grasberg mine cannot resume operations in the short term [6].