Tokyo Market

Oil prices hit fresh 2016 highs on weak dollar, US output fall

SINGAPORE (Reuters) -- Oil prices edged to new 2016 highs on Friday, lifted by a weak dollar and falling production in the United States, although a looming rise in Middle East output capped gains.Brent crude futures were trading at $48.30 a barrel a...

  • Yen surges again, hitting stocks and dollar

    LONDON (Reuters) -- The yen rallied to an 18-month high on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, weighing on stock markets around the world.With Japan on holiday, speculators drove the yen t...

  • Tepid trading takes down Japanese brokerages' profits

    TOKYO -- Earnings fell at most big Japanese securities houses in the January-March quarter as individuals stayed on the sidelines amid a turbulent time for the markets.Of 21 brokerages that had released fiscal 2015 results by Thursday, 18 sustained a...

  • Instrument maker Yamaha forecasts record profit in fiscal 2016

    TOKYO -- Yamaha projected Thursday that group net profit will rise nearly 40% to 45.5 billion yen ($420 million) in the year ending March 2017, helped by growth in Chinese sales of pianos.This would mark the Japanese musical instrument maker's first ...

  • Tanking profits at Japan's steel majors signal more problems ahead

    TOKYO -- Japan's three major steelmakers all suffered a plunge in pretax profit for the fiscal year ended in March, and they expect only more trouble amid sluggish demand despite some bright signs in the market.Nippon Steel & Sumitomo Metal said Thur...

  • Dovish Fed, oil rally buoy emerging-market currencies

    TOKYO -- Currencies in emerging countries are firming up against the dollar as a pickup in oil prices boosts investor confidence and the U.S. Federal Reserve looks less likely to raise interest rates for the time being.The Brazilian real and the Turk...

  • Sony, Panasonic profits belie elusiveness of full recovery

    TOKYO -- Japanese electronics giants Sony and Panasonic have reported earnings uptrends for fiscal 2015 but still must find new avenues for growth to cement their recoveries as emerging markets including China slow.Sony reported Thursday a group net ...

  • Toyota group companies see sales slipping in fiscal 2016

    NAGOYA -- Leading Toyota Motor group firms are bracing for a tougher year ahead, but still aim to maintain high levels of capital investment to propel future growth, their earnings projections for fiscal 2016 show.All seven core Toyota subsidiaries t...

  • Market Scramble: Retail investors buy startups to avoid BOJ impact

    TOKYO -- Underscoring their flexibility, retail investors appear to be passing on blue chips highly exposed to the Bank of Japan's actions and taking another look at emerging shares.The BOJ's decision to stand pat on its ultraloose monetary policy Th...

  • Earnings preview

    Tough times take toll on megabank trio

    TOKYO -- Combined profits at Japan's three leading banking groups have apparently fallen for a second straight year and are expected to continue declining in fiscal 2016 as negative interest rates squeeze already-thin domestic returns.Mitsubishi UFJ ...

  • Slumping stocks call for end to reliance on BOJ

    TOKYO -- A shock wave ran through the Tokyo market Thursday afternoon as the Nikkei Stock Average nosedived some 800 points -- from the morning session's high of just over 17,500 to around 16,700 -- on reports that the Bank of Japan decided against a...

  • Parts makers' profits seen plateauing amid smartphone slowdown

    OSAKA -- Earnings at five of six major Japanese electronic components manufacturers are expected to fall in the fiscal year ending March 2017 amid slumping smartphone sales and a significantly stronger yen.Murata Manufacturing projects net profit to ...

  • Big Japanese shippers report dismal fiscal 2015 earnings

    TOKYO -- Japan's three leading marine transport companies on Thursday came out with bleak business results for the year ended in March, with two declaring net losses.As the global economy slowed, shipping fees dropped for both bulk carriers, which ha...

  • JGBs mostly firm after BOJ holds steady

    TOKYO (Reuters) -- Japanese government bonds mostly gained on Thursday, with the superlong zone rallying after the Bank of Japan opted to hold policy steady instead of easing further as some had expected.The yen soared and Japanese stocks slumped aft...

  • Tokyo stocks slide over 3% after BOJ stands pat

    TOKYO (Kyodo) -- Tokyo stocks closed over 3 percent lower Thursday after the Bank of Japan kept its monetary policy unchanged despite market expectations of additional easing to revitalize the economy.The 225-issue Nikkei Stock Average ended down 624...

  • BOJ decision pushes yen sharply higher against dollar

    TOKYO (Kyodo) -- The U.S. dollar briefly plunged nearly 3 yen to the upper 108 yen range Thursday in Tokyo after the Bank of Japan kept its monetary policy on hold despite market expectations of additional easing.The dollar slid to around 108.80 yen,...

  • Tokyo stocks rise in morning on heightening BOJ stimulus hopes

    TOKYO (Kyodo) -- Tokyo stocks rose Thursday morning after weak Japanese data raised expectations that the Bank of Japan could take action when it concludes its two-day policy meeting later in the day.The 225-issue Nikkei Stock Average gained 242.32 p...

  • Tokyo stocks open higher on solid U.S. stocks, oil price climb

    TOKYO (Kyodo) -- Tokyo stocks opened higher Thursday as U.S. stocks rose overnight after the U.S. Federal Reserve signaled it was in no hurry to hike interest rates and as oil prices climbed.In the first 15 minutes of trading, the 225-issue Nikkei St...

  • Dollar trades in mid-111 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the mid-111 yen range early Thursday morning in Tokyo, little changed from its levels overnight in New York.At 9 a.m., the dollar fetched 111.52-53 yen compared with 111.40-50 yen in New York and 111.20-21 y...

  • Kyocera profit down 6% on weak sales of smartphone parts

    OSAKA -- Kyocera's net profit shrank 6% in the year ended in March to 109 billion yen ($977 million) due to sluggish sales of smartphone parts and the handsets themselves. The Kyoto-based company said on Wednesday that sales fell 3% to 1.47 trill...