Tokyo Market

Dollar steady at upper 102 yen before US jobs data

TOKYO (Kyodo) -- The U.S. dollar was steady in the upper 102 yen range Thursday in Tokyo, holding on to gains on optimism about the U.S. economy before the release of nonfarm payrolls data on Friday. At 5 p.m., the dollar fetched 102.86-87 yen c...

  • JGBs soften after strong US data

    TOKYO (Dow Jones) -- Japanese government bonds softened Thursday as encouraging U.S. economic data and a rise in U.S. Treasury yields weighed on the market. Traders said news that the U.S. economy expanded in the second quarter at a faster than e...

  • Tokyo stocks edge lower after recent rally

    TOKYO (Kyodo) -- Tokyo stocks closed slightly lower Thursday as selling to lock in recent gains offset buying stemming from strong U.S. economic growth data. The 225-issue Nikkei Stock Average ended down 25.46 points, or 0.16 percent, from Wednes...

  • Change in strategy leads Jafco to record quarterly profit

    TOKYO -- Jafco, a leading Japanese venture capital firm, has reported a record profit in the April-June quarter of 2014, despite a quieter IPO market compared to last year. Behind Jafco's earnings recovery is the company's newly adopted strategy of s...

  • Dollar firm at upper 102 yen after strong US GDP

    TOKYO (Kyodo) -- The U.S. dollar was firm in the upper 102 yen range Thursday morning in Tokyo, after a rise overnight on stronger-than-expected growth in the U.S. economy in the second quarter of 2014. At noon, the dollar fetched 102.76-83 yen c...

  • Tokyo stocks rise in morning after release of strong US GDP data

    TOKYO (Kyodo) -- Tokyo stocks advanced Thursday morning after investor sentiment was lifted by strong U.S. gross domestic product data for the April-June quarter released overnight. The 225-issue Nikkei Stock Average gained 55.00 points, or 0.35 ...

  • Tokyo stocks open higher on weaker yen

    TOKYO (Kyodo) -- Tokyo stocks opened higher Thursday as investor sentiment was buoyed by the U.S. dollar's rise overnight to the upper 102 yen zone. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 91.20 points, or 0.58...

  • Dollar stays in upper 102 yen level in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar stayed in the upper 102 yen range early Thursday in Tokyo, almost unchanged from its levels in late New York trading. At 9 a.m., the dollar fetched 102.84-86 yen compared with 102.74-84 yen in New York and 102.16-...

  • Supermarket Yaoko seen logging record first-quarter profit

    TOKYO -- Yaoko's operating profit is expected to climb nearly 20% on the year to around 3.5 billion yen ($33.9 million) for the April-June quarter, an all-time high for the period, helped by the popularity of its pricier foods. The Japanese super...

  • Panel urges TSE to consider night trading first

    TOKYO -- The Tokyo Stock Exchange should think about allowing nighttime trading ahead of other proposals for extended hours, a working group concluded in a report released Wednesday. Trading at the bourse is open for a total of just five hours. T...

  • No end in sight to liquidity-driven market

    TOKYO -- Expectations that interest rates are not about to rise anytime soon are underpinning Japanese equity prices. The Nikkei Stock Average climbed for a fourth straight session Wednesday, reaching a six-month high. Intermittent futures buying...

  • Mitsubishi Materials profit seen rising 4% for April-June

    TOKYO -- Nonferrous metal producer Mitsubishi Materials apparently saw April-June pretax profit climb 4% on the year amid increased car production abroad and a weak yen. Pretax profit reached about 17.5 billion yen ($169 million) on sales of roug...

  • Bridgestone profit seen rising 16% in first half

    TOKYO -- Bridgestone is expected to post a roughly 220 billion yen ($2.13 billion) operating profit for the six months through June, up 16% on the year amid stronger tires sales in the U.S. The sum, which beats the current forecast, would mark th...

  • Strong earnings lure investors back to Japanese export stocks

    TOKYO -- Investors are taking a second look at shares of Japanese exporters as companies upgrade conservative earnings estimates in light of solid first-quarter results. NSK jumped 7% Wednesday after it lifted its full-year earnings guidance by ...

  • Dollar remains firm in lower 102 yen as market awaits Fed decision, U.S. GDP

    TOKYO (Kyodo) -- The U.S. dollar remained firm in the lower 102 yen range Wednesday in Tokyo as traders awaited the outcome of a U.S. Federal Reserve policy meeting later Wednesday. At 5 p.m., the dollar fetched 102.16-17 yen compared with 102.07...

  • JGBs slip after BOJ buying operation

    TOKYO (Dow Jones) -- Japanese government bonds softened slightly on Wednesday, with a buying operation by the central bank indicating stronger selling interest as some investors adjusted positions after recent gains. The benchmark 10-year JGB yie...

  • Tokyo stocks edge higher on strong corporate results, weaker yen

    TOKYO (Kyodo) -- Tokyo stocks gained slightly Wednesday as buying backed by strong corporate results and a weaker yen offset selling to lock in recent gains. The 225-issue Nikkei Stock Average ended up 28.16 points, or 0.18 percent, from Tuesday ...

  • Dollar firm in lower 102 yen range before Fed decision, U.S. GDP data

    TOKYO (Kyodo) -- The U.S. dollar was firm in the lower 102 yen range Wednesday morning in Tokyo as traders awaited the outcome of a U.S. Federal Reserve policy meeting later Wednesday and data forecast to show a rebound in the world's largest economy...

  • Yen-dollar trading in Tokyo down by half in Jan-June

    TOKYO -- Investors are increasingly opting out of the yen-dollar foreign exchange market, which is relatively calm at the moment, and shifting funds into financial products to gain higher returns. The trend was particularly prominent in the Tokyo...

  • Tokyo stocks edge up in morning on positive earnings reports

    TOKYO (Kyodo) -- Tokyo stocks rose slightly Wednesday morning on positive earnings reports. The 225-issue Nikkei Stock Average gained 42.33 points, or 0.27 percent, from Tuesday to 15,660.40. The broader Topix index of all First Section issues on...