Tokyo Market

Brisk sales of the Axela helped buoy Mazda's profit in fiscal 2013.

Mazda on track to becoming debt free in fiscal 2016

TOKYO -- Mazda plans to become effectively debt-free during the year ending March 2017, by tapping increased cash inflows from its core business to repay liabilities. This will mark the first time for the Japanese automaker to become free of debt...

  • Royal Holdings' hotel business on track to record profit

    TOKYO -- Royal Holdings' hotel business, which operates Richmond Hotels, is projected to generate 2.5 billion yen ($24.04 million) in pretax profit this year, up 20% on the year and a record for the segment, as updated facilities draw more guests. ...

  • Japanese heavy machinery makers shifting to precision equipment

    TOKYO -- Kawasaki Heavy Industries and Sumitomo Heavy Industries are expanding precision machinery operations, with their respective segments expected to become main profit generators over the next two years. Kawasaki Heavy Industries projects sa...

  • Dollar rises to highest level against yen in over 4 months

    TOKYO (Kyodo) -- The U.S. dollar climbed to the highest level against the yen in four and a half months in Tokyo on Wednesday, hitting 103.34 yen at one point on optimism over the U.S. economy driven by upbeat housing data combined with a perceived e...

  • Nikkei rises for 8th straight day on weaker yen amid choppy trading

    TOKYO (Kyodo) -- Tokyo stocks ended choppy trading Wednesday almost flat, with the Nikkei stock index marking a slight gain to stretch its winning streak to an eighth trading day, as buying triggered by the U.S. dollar's rise to the 103 yen zone offs...

  • JGBs slip as yen weakens

    TOKYO (DJ) -- Japanese government bonds slipped Wednesday as the yen fell against the dollar and some investors sold after a central-bank bond buying operation. Traders said investors sold safe-haven sovereign debt after as the dollar hit a four-...

  • Dollar holds in upper 102 yen zone on U.S. housing rebound

    TOKYO (Kyodo) -- The U.S. dollar held firm in the upper 102 yen zone in Tokyo on Wednesday morning and hit a three-week high against the yen, buoyed by upbeat U.S. housing data overnight. At noon, the dollar fetched 102.94-95 yen compared with 10...

  • Tokyo stocks edge down in morning on profit taking

    TOKYO (Kyodo) -- Tokyo stocks ended Wednesday morning slightly lower as selling after a recent rally offset buying on the heels of overnight gains on Wall Street. The 225-issue Nikkei Stock Average shed 8.09 points, or 0.05 percent, from Tuesday ...

  • Tokyo stocks open higher on rise in U.S. shares

    TOKYO (Kyodo) -- Tokyo stocks opened higher Wednesday on buying encouraged by U.S. shares' overnight gains due to robust housing starts data for July. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 30.48 points, or 0...

  • Dollar trades in upper 102 yen zone in early Tokyo

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 102 yen range in Tokyo early Wednesday morning, little changed from its levels in New York overnight. At 9 a.m., the dollar fetched 102.94-96 yen compared with 102.86-96 yen in New York and 102...

  • Drooping long yields push Japan's lending rates to fresh lows

    TOKYO -- Mortgage rates and other lending rates in Japan are falling to record lows as long-term interest rates plummet in the country. The yield on newly issued 10-year Japanese government bonds ended at 0.495% on Monday, slipping under 0.5% for...

  • Earnings abroad shake up Japan's club of largest-cap companies

    TOKYO -- As the stock prices of Japanese companies recover, businesses that have tapped growth overseas have become some of the nation's largest in terms of market capitalization. Companies with market caps of at least 1 trillion yen ($9.65 billi...

  • KDDI seen dialing up record profits abroad

    TOKYO -- Japanese telecommunications company KDDI's overseas operating profit is expected to jump 23% this fiscal year to an all-time high of 14 billion yen ($135 million), fueled by growing data center operations in China and North America. KDDI...

  • House Foods seen earning bigger chunk of sales abroad

    TOKYO -- House Foods is expected to generate a larger percentage of its sales overseas this fiscal year, thanks to a recovery of its U.S. tofu business and stronger curry sales in China. Overseas sales are likely to make up more than 10% of the J...

  • After delays, Nippon Steel's Brazil plant to make seamless pipe

    TOKYO -- Nippon Steel & Sumitomo Metal expects to begin mass-producing seamless steel pipe for oil exploration at its joint venture in Brazil within the year -- two and a half years later than planned. The joint venture with French steel giant Va...

  • Komatsu boosting replacement parts supply efficiency

    TOKYO -- Komatsu is revamping its global supply structure for replacement parts used in construction machinery. The Japanese construction machinery maker plans to invest some 20 billion yen ($193 million) by fiscal 2016 to install new systems and...

  • Japanese department stores pulling in more foreigners: poll

    TOKYO -- About 40% of Japanese department stores drew more foreign customers and rang up more duty-free sales in fiscal 2013 on an influx of tourists from China and Southeast Asia. The Nikkei conducted a survey targeting 89 department store opera...

  • Dollar firm in upper 102 yen before U.S. inflation data, Yellen talk

    TOKYO (Kyodo) -- The U.S. dollar held steady in the upper 102 yen zone in Tokyo on Tuesday, as traders held off on bold moves ahead of U.S. inflation data and speech by U.S. Federal Reserve chair Janet Yellen. At 5 p.m., the dollar fetched 102.59...

  • 20-year JGBs hit 14-month high on solid auction

    TOKYO (Dow Jones) -- Japanese government bonds were mixed Tuesday, with investors pushing up super-long debt to a 14-month high after a strong auction, but selling shorter-term securities to take profits amid rising Tokyo stock markets and easing con...

  • Nikkei rises for 7th straight day on Wall St. gains, weaker yen

    TOKYO (Kyodo) -- Tokyo stocks finished higher Tuesday, with the Nikkei stock index extending its winning streak to a seventh trading day on buying bolstered by overnight gains in U.S. shares and a weaker yen trend. The 225-issue Nikkei Stock Aver...