Tokyo Market

Dollar trades narrowly around mid-119 yen after soft U.S. data

TOKYO (Kyodo) -- The U.S. dollar traded narrowly around the mid-119 yen mark Thursday morning in Tokyo, with its upside capped following a spate of disappointing U.S. data. At noon, the dollar fetched 119.56-57 yen compared with 119.42-52 yen in ...

  • Tokyo stocks fall after Wall St. declines during Japan holiday

    TOKYO (Kyodo) -- Tokyo stocks fell on Thursday morning, as investors returned from a long holiday to dampened sentiment following declines in U.S. stocks on Tuesday and Wednesday. The 225-issue Nikkei Stock Average shed 199.81 points, or 1.02 per...

  • Tokyo stocks fall in early trading after Wall St. declines

    TOKYO (Kyodo) -- Tokyo stocks opened lower in early trading Thursday, as investors returned from a long holiday to dampened sentiment following declines in U.S. stocks on Tuesday and Wednesday. After the first 15 minutes of trading, the 225-issue...

  • Dollar trades in lower 119 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 119 yen zone early Thursday in Tokyo, slightly below its overnight levels in New York. At 9 a.m., the dollar fetched 119.40-42 yen compared with 119.42-52 yen in New York at 5 p.m. Wednesday. T...

  • Sell in May and go away?

    Worries about US, Japan build for investors

    TOKYO -- Investors who had expected additional monetary stimulus from the Bank of Japan were thoroughly disappointed last week. And with companies coming out with rather conservative earnings forecasts, it may take awhile for the Nikkei index to surg...

  • Nikkei earnings preview

    Idemitsu seen back in black amid crude recovery

    TOKYO -- Idemitsu Kosan is on track to a net profit of around 50 billion yen ($414 million) for the year to next March as rebounding crude oil prices wipe away a massive inventory valuation loss. The Japanese oil distributor likely sank into the ...

  • Nikkei earnings preview

    Megabanks SMFG, Mizuho get boost from abroad

    TOKYO -- Sumitomo Mitsui Financial Group and Mizuho Financial Group are seen reporting smaller-than-expected profit declines of about 10% for the year ended March 31, thanks to lending outside of low-margin Japan. SMFG's group net profit is seen ...

  • Nikkei earnings preview

    Unicharm's January-March operating profit likely down 9%

    TOKYO -- Unicharm's consolidated operating profit likely slipped 9% on the year to around 17 billion yen ($141 million) for the three months ended in March. The company had seen domestic demand surge in the run-up to the consumption tax increase ...

  • Recovery underway

    Over 20% of Japan's nonmanufacturers seen with record profits

    TOKYO -- More than 20% of Japanese nonmanufacturers are expected to report all-time-high pretax profits for the fiscal year ended March 31, thanks to an increase in tourism and brisk demand for corporate services. A total of 258 companies closing...

  • Nikkei earnings preview

    Renesas likely turned first-ever net profit in fiscal 2014

    TOKYO -- Renesas Electronics is expected to report a net profit of more than 80 billion yen ($663 million) for the year ended March 31, writing the bottom line in black ink for the first time since its inception five years ago. The figure tops an...

  • Nikkei earnings preview

    Daikin seen with record profit in fiscal 2015

    TOKYO -- Daikin Industries is expected to post a third straight record operating profit in fiscal 2015 on the back of stronger North American sales of energy-efficient air conditioners and rising demand in Southeast Asia. The Japanese company's g...

  • Nikkei earnings preview

    Amada operating profit seen jumping 18% in fiscal 2015

    TOKYO -- Amada Holdings appears on track to report a roughly 33 billion yen ($273 million) operating profit for the year ending March 2016, up 18% from its fiscal 2014 estimate. The weak yen is boosting North American and European sales at the ma...

  • Dollar rises to upper 119 yen range on hopes of U.S. rate hike

    TOKYO (Kyodo) -- The U.S. dollar rose to the upper 119 yen range in Tokyo on Friday on renewed hopes of a U.S interest rate hike within the year in the wake of improving economic data. At 5 p.m., the dollar fetched 119.78-80 yen compared with 119...

  • JGBs fall, weighed down by European debt market

    TOKYO (Dow Jones) -- Japanese government bonds continued to slide Friday, weighed down by a decline in German sovereign debt overnight and a weak auction result. The benchmark 10-year JGB yield was up 3.5 basis points at 0.360% as of 0600 GMT aft...

  • Nikkei ends flat ahead of long Japanese holiday period

    TOKYO (Kyodo) -- The Nikkei Stock Average ended nearly flat Friday, recovering from earlier losses as investors sought bargains following the previous day's sharp declines and ahead of a five-day holiday for many in Japan. The 225-issue Nikkei en...

  • Dollar firm in upper 119 yen zone, supported by improving US data

    TOKYO (Kyodo) -- The U.S. dollar held firm in the upper 119 yen zone Friday morning in Tokyo, supported by an improvement in U.S. economic data. At noon, the dollar fetched 119.68-69 yen compared with 119.33-43 yen in New York and 118.89-92 yen i...

  • Tokyo stocks edge lower ahead of long holiday in Japan

    TOKYO (Kyodo) -- Tokyo stocks edged lower Friday morning, adding to the previous day's heavy losses as investors locked in gains ahead of a long holiday in Japan. The 225-issue Nikkei Stock Average shed 48.51 points, or 0.25 percent, from Thursda...

  • Tokyo stocks fall in early trading after Wall Street losses

    TOKYO (Kyodo) -- Tokyo stocks fell in early trading Friday, extending the previous day's big losses following a drop on Wall Street overnight amid lingering concerns over a slowing U.S. economic recovery. After the first 15 minutes of trading, th...

  • Dollar trades in mid-119 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the mid-119 yen range early Friday in Tokyo, slightly up from its overnight levels in New York. At 9 a.m., the dollar fetched 119.49-51 yen compared with 119.33-43 yen in New York and 118.89-92 yen in To...

  • Nikkei earnings preview

    Prima Meat Packers seen with record profit for fiscal 2015

    TOKYO -- Prima Meat Packers is expected to post a record pretax profit of around 10 billion yen ($83 million) for the fiscal year ending March 2016. The figure would mark a 30% jump from the estimate for fiscal 2014. Earnings will improve at subs...