Tokyo Market

Market Scramble

Looming credit risk spooks investors as market slumps

TOKYO -- Eroding faith in corporate creditworthiness sparked by worries over in Europe is compounding the Japanese stock market's slide, with investors prioritizing stability when choosing where to park funds. The Nikkei Stock Average sank 372 po...

  • Japanese plant builders

    JGC finds paid-as-you-go contracts pay off

    TOKYO -- JGC delivered a record net profit for the nine months ended Dec. 31 on the strength of massive liquefied natural gas projects and a type of contract that buffers against the risk of losing money. Profit rose 6% on the year to a 43.9 bill...

  • Japanese government bonds

    Negative rates, yield swings bend market out of shape

    TOKYO -- The Bank of Japan's decision to take interest rates negative has sent bond traders into a tizzy, disrupting their ability to judge pricing. Yields on newly issued 10-year Japanese government bonds dipped to a record low of minus 0.035% a...

  • Commercial real estate

    Tokyo office vacancies down for 9th month

    TOKYO -- The office vacancy rate in downtown Tokyo fell a ninth straight month in January, underscoring a growing shortage of office buildings here. The rate in the five wards of central Tokyo -- Chiyoda, Chuo, Minato, Shinjuku and Shibuya -- cam...

  • Japanese auto industry

    Earnings skid as yen gains strength

    TOKYO -- Four out of seven Japanese automakers, including Honda Motor, saw declines in net profit during the three months ended in December as the benefits of the weak yen faded. The choppy yen exchange rate against the Brazilian real, Russian ru...

  • Dollar down to upper 114 yen zone as risk-averse mood lingers

    TOKYO (Kyodo) -- The U.S. dollar fell to the upper 114 yen level in Tokyo on Wednesday as concern over the global growth outlook continued to fuel demand for safe-haven assets including the Japanese currency. At 5 p.m., the dollar fetched 114.88...

  • JGBs slip on profit-taking ahead of public holiday

    TOKYO (Reuters) -- Japanese government bonds slipped on Wednesday, as investors took profits ahead of a public holiday and a day after the benchmark yield slipped into negative territory for the first time. The 10-year JGB yield added 4 basis poi...

  • Tokyo stocks sink on global banking sector concerns, strong yen

    TOKYO (Kyodo) -- Tokyo stocks sank Wednesday, hitting a 15-month closing low, as the yen strengthened and concerns over the global banking sector persisted.

  • Nikkei tumbles to lowest since Oct 2014 as bank concerns intensify

    TOKYO (Reuters) -- Japan's Nikkei share average closed at its lowest level since October 2014 on Wednesday as worries about the health of global banks and economic growth intensified. The Nikkei stumbled 2.3 percent to 15,713.39, for a total fall...

  • Asia stocks drop as bank concerns smoulder, yen stands tall

    TOKYO (Reuters) -- Asian stocks fell on Wednesday on growing concerns about the health of the world's banks, particularly in Europe, pushing investors into safer assets such as the yen, which stood near a 15-month high versus the dollar. Spreadbe...

  • Dollar slides to upper 114 yen zone as global growth concerns linger

    TOKYO (Kyodo) -- The U.S. dollar fell to the upper 114 yen zone in Tokyo Wednesday morning as a risk-averse mood continued to cast a cloud over financial markets amid concerns for the global growth outlook, fuelling demand for the safe-haven Japanes...

  • Tokyo stocks break 16,000 line on global banking sector concerns

    TOKYO (Kyodo) -- Tokyo stocks plunged Wednesday morning, falling below the 16,000 line to a roughly 15-month intraday low, as the yen pushed higher and U.S. and European stocks struggled overnight amid concerns over the global banking sector. Th...

  • Nikkei falls to lowest since Oct 2014 as stress in banking sector lingers

    TOKYO (Reuters) -- Japan's Nikkei share average fell more than 2 percent to its lowest level since October 2014 on Wednesday as worries about the health of global banks persisted.

  • Japan's Nikkei falls to lowest level since Oct 2014

    TOKYO (Reuters) -- Japan's Nikkei share average dropped to the lowest level since October 2014 on Wednesday morning in choppy trade, extending a sharp fall on the previous day.

  • Dollar pressured near 3-1/2-month lows ahead of Yellen testimony

    TOKYO (Reuters) -- The dollar nursed losses around 3-1/2-month lows on Wednesday, pressured by the spectre of a global economic slowdown as European banks struggled to fend off growing doubts over their health and as oil prices slipped back. Many...

  • Tokyo stocks open lower on weak U.S. stocks, global growth concerns

    TOKYO (Kyodo) -- Tokyo stocks opened lower Wednesday, tracking a fall in U.S. stocks overnight amid persistent concerns over global growth. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 34.90 points, or 0.22 percent,...

  • Dollar trades in lower 115 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 115 yen zone early Wednesday in Tokyo, almost unchanged from its levels overnight in New York. At 9 a.m., the dollar fetched 115.16-18 yen compared with 115.11-21 yen in New York and 115.30-31 y...

  • Japanese equities

    Over half of big-board companies under liquidation value

    TOKYO -- As the stock sell-off continues here, a number of companies are trading at price-to-book ratios of less than 1, reflecting investor concerns over corporate earnings. As of Tuesday, 53% of companies on the Tokyo Stock Exchange's first sect...

  • Market anxiety

    Flight to safety brings negative yields, stiffer yen

    TOKYO -- Investor jitters over emerging economies and European banks are fueling a shift from stocks to bonds and other safe assets, sending share prices and yields tumbling while strengthening the yen. Buy orders from foreign investors for Japan...

  • Earnings preview

    Contractor Maeda seen building toward record net profit

    TOKYO -- Japanese contractor Maeda likely will see net profit jump 18% to a record of just under 16 billion yen ($139 million) this fiscal year on a rush in construction orders and a strong showing by Maeda Road Construction and other subsidiaries. ...