Core Viewpoint - The Governor of Hokkaido, Naomichi Suzuki, has agreed to restart the No. 3 reactor at the Tomari Nuclear Power Plant, which is expected to enhance stable electricity supply and contribute to economic growth and greenhouse gas reduction in Hokkaido [2][4]. Group 1: Restart Process and Safety - The restart of the nuclear power plant requires consent from the Governor of Hokkaido and the heads of four municipalities surrounding the plant, all of whom have expressed their agreement [4]. - The No. 3 reactor passed safety inspections by the Nuclear Regulation Authority in July, and the governor plans to communicate this decision to the central government promptly [4][12]. Group 2: Economic Implications - Restarting the nuclear power plant is anticipated to improve investment predictability, thereby attracting businesses and expanding job opportunities in Hokkaido [4][5]. - The restart is projected to lead to a reduction in household electricity prices by approximately 11% and a 7% decrease in corporate electricity prices, marking the largest price drop associated with a nuclear restart among major power companies [11]. Group 3: Competitive Electricity Pricing - Hokkaido Electric Power currently has the highest electricity prices in Japan, with household rates at 9,376 yen, compared to lower rates in regions with operational nuclear plants [8][11]. - The reliance on fossil fuels for electricity generation makes costs susceptible to geopolitical risks, while the introduction of nuclear power is expected to stabilize and lower electricity prices [7][11]. Group 4: Future Developments - The company plans to restart the remaining No. 1 and No. 2 reactors, with the potential for further price reductions to align with national averages if all three reactors are operational [12]. - The anticipated energy mix by 2030 is expected to consist of nearly 40% from nuclear and thermal power each, with over 20% from renewable sources, significantly diversifying the current reliance on thermal power [12].

Core Viewpoint - GAC Group plans to enter the Japanese electric vehicle (EV) market in the summer of 2026, aiming for 2,000 orders by 2027, amid declining domestic sales and increasing competition in the EV sector [2][4]. Group 1: Market Entry Strategy - GAC will sell its AION brand EVs in Japan through M Mobility Japan, targeting corporate clients initially with two models: AION UT and AION V [4]. - The AION UT will have a starting price of 3.3 million yen (approximately 149,800 yuan), while the AION V will start at 5 million yen (approximately 227,000 yuan) [4]. - GAC's total sales from January to September 2025 fell by 11% year-on-year to 1.18 million units, with AION brand sales down 20% to 180,000 units [4]. Group 2: Competitive Landscape - Other Chinese automakers, including BYD and Geely, have also entered the Japanese market, with BYD achieving 3,508 units sold in Japan from January to November 2023, a 64% increase year-on-year [6][7]. - The overall EV sales in Japan from January to November 2023 were 55,380 units, with EVs accounting for only about 1.5% of new car sales, indicating significant growth potential [7][9]. - Japanese automakers are responding with new EV models, intensifying competition in the market [9].

报告建议称，作为政府的政策，有必要优先考虑"摆脱对出口和投资的过度依赖，转向消费主导的增长 模式"。为了扩大内需，需要采取财政刺激政策和社会保障制度，加快房地产部门改革。 日本经济新闻（中文版：日经中文网）盐崎健太郎 北京报道 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。 高层楼房林立的北京郊外住宅区（2025年2月，北京市） IMF以政府的宏观经济政策和中美双方11月实施的关税下调为由上调了预测值。由于中国政府提出 了"反内卷"政策等，预计2025年平均为0%的通货膨胀率到2026年将上升至0.8%…… 12月10日，国际货币基金组织（IMF）公布了关于中国经济的年度报告，预测中国2025年增长率为 5.0%，2026年为4.5%。与10月发布的世界经济展望相比，分别上调0.2个百分点和0.3个百分点。 中国政府提出了2025年国内生产总值（GDP）增长率定为5%左右的目标。IMF以政府的宏观经济政策 和中美双方11月实施的关税下调为由上调了预测值。 由于中国政府提出了遏制过度降价、生产和投资的"反内卷"政策等，预计2025年平均为0%的通货膨胀 率到2026年将上升至0.8%。 ...

Core Viewpoint - The Federal Open Market Committee (FOMC) has decided to lower the federal funds rate to a range of 3.5% to 3.75%, marking the third consecutive 0.25% cut, amidst significant internal disagreement regarding future rate adjustments [1][5]. Group 1: FOMC Decisions and Predictions - The FOMC's internal opinions are divided, with 7 out of 19 participants predicting no further rate cuts in 2026, while others forecast varying numbers of cuts [1][5]. - The median forecast indicates one additional rate cut in 2026, with some members suggesting as many as five cuts [5][6]. - The neutral interest rate level, which is seen as the endpoint for rate cuts, remains a contentious point among FOMC members, with estimates varying significantly [5][6]. Group 2: Economic Indicators - The unemployment rate is projected to remain at 4.4% for 2026, consistent with previous forecasts, while economic growth is expected to rise from 1.8% to 2.3% [6][9]. - The Personal Consumption Expenditures (PCE) price index is anticipated to increase by 2.4%, exceeding the 2% target, indicating persistent inflationary pressures [8][10]. Group 3: Leadership and Policy Implications - Federal Reserve Chairman Jerome Powell emphasized the importance of data in determining future policy adjustments, stating that the current rate is neutral for the economy [5][10]. - The potential nomination of a new Fed chair by President Trump could influence future monetary policy, with the possibility of increased pressure for rate cuts [11][12].

FT中文网 . 英国《金融时报》集团旗下唯一的中文商业财经网站，旨在为中国商业菁英和决策者们提供每日不可或 缺的商业财经资讯、深度分析以及评论。 编者荐语： 日本经济新闻社与金融时报2015年11月合并为同一家媒体集团。同样于19世纪创刊的日本和英国的两家 报社形成的同盟正以"高品质、最强大的经济新闻学"为旗帜，推进共同特辑等广泛领域的协作。此次， 作为其中的一环，两家报社的中文网之间实现文章互换。 以下文章来源于FT中文网 ，作者王英良 【本文是作者"全球百人百访"系列高端对话的最新呈现。】 胡润出生于卢森堡，毕业于英国杜伦大学，主修中文、日语及历史。之后，他在安达信（伦 敦）和上海分公司担任特许会计师七年。他能讲七种语言：英语、中文、卢森堡语、法语、 德语、日语和葡萄牙语。他和妻子及三个孩子住在英国牛津郡，之前曾住在上海。作为胡润 报告公司主席兼首席研究员。 在中国提到鲁珀特•胡格沃夫的名字，人们很可能会露出茫然的表情。但如果说"胡润"这个 词，情况就完全不同了。 自1999年以来，胡润已将其公司发展为领先的调研和媒体平台，通过其榜单和研究，2024年 胡润品牌吸引了80亿次的浏览量。公司拥有150名员工 ...

亚洲开发银行（ADB，简称：亚开行）12月10日发布预测称，亚洲新兴市场国家和地区2026年的国内 生产总值（GDP）将比上年增长4.6%。比9月发布的上次预测上调了0.1个百分点。 亚开行预测，与美国特朗普政府达成关税下调协议的国家将增加，影响将比最初预测的要小。 亚洲开发银行（ADB，资料图） 亚开行预测中国2025年和2026年的增长率分别为4.8%和4.3%。2025年印度增长率预期为7.2%…… 据亚开行最新估算，2025年的GDP增长率预期为5.1%，比9月时的预测上调了0.3个百分点。不仅个人消 费保持坚挺，以人工智能（AI）相关半导体产品为核心的电子设备出口也呈现良好态势。 按国家和地区来看，预计2025年印度的增长率为7.2%。比9月时预测的6.5%大幅上调。由于印度政府的 减税效应，个人消费增长，美国关税的影响也很轻微。2026年的增长率预期也维持6.5%不变。 日经中文网 https://cn.nikkei.com 视频号推荐内容： 东南亚2025年和2026年的预期分别上调至4.5%和4.4%。以电子设备为主的出口势头良好。亚开行将洪 水等频发的自然灾害列为今后令人担忧的因素。 日本经 ...

日本首相高市早苗（资料图） 在12月10日的众议院预算委员会上，有议员指出鉴于当前中日关系持续恶化，应该在特朗普总统访华之 前进行日美首脑会谈。日本首相高市早苗表示：无论是我前往华盛顿，还是特朗普总统出访海外时，我 都希望能尽早与他会面…… 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 视频号推荐内容： 玉木雄一郎指出，鉴于当前中日关系持续恶化，指出日本应该在特朗普总统访华之前与其举行首脑会 谈。对此，高市早苗回应称："通过电话等方式与特朗普总统进行各种沟通，并且也正向七国集团 （G7）其他成员国呼吁提供信息"。 玉木雄一郎称中国正在发动信息战，呼吁进一步加强日美合作，并提议可以借2026年1月举行的世界经 济论坛（WEF）年会（即达沃斯会议）之机举行日美首脑会谈。 不过，由于达沃斯会议通常与日本1月召开的例行国会日程冲突，日本的首相往往难以出席。对此，玉 木表示："国会日程虽总是个问题，但我们会予以配合"。 日本首相高市早苗12月10日在众议院预算委员会上表达了举行日美首脑会谈的强烈意愿。她表示："无 论是我前往华盛顿，还是 ...

Core Viewpoint - Renault and Ford have announced a business collaboration to produce Ford-branded electric vehicles (EVs) using Renault's platform in Europe, aiming to enhance cost competitiveness against Chinese automakers [2][4][5]. Group 1: Collaboration Details - The two companies will jointly produce two new Ford-branded EVs, with Ford responsible for design and production taking place at Renault's factory in northern France, expected to launch in early 2028 [4]. - An intention letter has been signed for collaboration in the commercial vehicle sector, considering joint development and production of small commercial vehicles for both Renault and Ford [4]. Group 2: Market Context - The collaboration is driven by the aggressive market entry of Chinese automakers and the slow adoption of EVs in Europe, which is facing an influx of high-cost-performance vehicles from China [5]. - The transition from internal combustion engine vehicles to EVs is anticipated to be slower than expected, forcing automakers to invest in both fuel and EV businesses, leading to increased operational burdens [5]. Group 3: Strategic Benefits - For Renault, the partnership will improve factory utilization rates and help control costs [5]. - Ford can leverage Renault's platform technology to expand its business while managing investment levels [5].

编者荐语： 日经Gaming是2025年7月创刊的"以商业视点出发的游戏媒体"。日经BP利用在经营、技术、消费、营销 各领域培养的采访力、信息发布力，从商业角度出发，发布游戏及其周边产业的最新动向、商业模式。 以下文章来源于日经Gaming ，作者永井学 日经Gaming . 商业视角的日本游戏媒体。日经BP旗下。 ■ 柱状图代表MAU大致水平，未显示绝对数值 根据调查公司Sensor Tower的数据，日经Gaming统计了2025年女性活跃用户占比较高（60%以上）的游 戏，并列出了 日本女性玩家 常玩、常氪金的前 1～25 名游戏 （调查数据截至2025年11月26日）。 具体筛选方法如下：首先利用Sensor Tower的筛选功能，筛选出各游戏类别中可提取性别比例数据（上 季度，全球范围）游戏，并以日本用户为对象，汇总了"女性玩家居多（60%以上）"和"绝大多数为女 《Gaming DATA 》是汇总、分析日本游戏市场相关数据的专栏。 根据调查公司Sensor Tower的数据，日经Gaming筛选出了 女性玩家占比较高的手机游戏 （女性用户占 比60%以上），并整理了这些游戏的月活跃用户数（MAU） ...

Group 1 - The core viewpoint is that economic growth in China and India is expected to remain stable, but China faces significant challenges, particularly deflation [2][3] - The actual GDP growth rate in China is projected to remain stable when adjusted for price changes, but nominal GDP growth is expected to continue to be sluggish [2][3] - China is anticipated to transition from deflation to low inflation by 2026, with a complete exit from deflation expected by 2027 [3] Group 2 - The outlook for the Japanese economy is described as very optimistic [3] - Despite global economic uncertainties, Asian stock markets, including those in China, Japan, and India, have shown resilience recently [2]