Tokyo Market

A supporter holds a flag depicting Turkish President Tayyip Erdogan during a pro-government demonstration in Ankara on July 20. © Reuters

Erdogan's iron fist could come back to haunt him

TOKYO -- A relatively strong economy and widespread distrust in the military helped Turkish President Recep Tayyip Erdogan survive the July 15 coup attempt, but his increasingly authoritarian approach to politics could trigger further turmoil in the ...

  • Is Nintendo's Pokemon bubble ready to burst?

    TOKYO -- As Nintendo continues to soar on the runaway success of "Pokemon Go," some market watchers are sounding the alarm over the stock's equally runaway valuation."I trade 5 billion yen to 7 billion yen [$47.1 million to $65.9 million] in daily va...

  • Market Scramble: Foreign money betting on Japan stocks again

    TOKYO -- Even with the Nikkei Stock Average hiccupping Friday, largely due to the yen whipsawing on a weeks-old statement from the central bank's governor, Japanese equities continue to draw overseas investors of all stripes."The pessimistic views of...

  • Earnings preview

    Tokyo Seimitsu operating profit seen down 25% for April-June

    TOKYO -- Tokyo Seimitsu's group operating profit likely fell 25% on the year to slightly under 3 billion yen ($28.2 million) in the first quarter ended June as flagging global demand for smartphones depressed sales of chipmaking equipment.Sales likel...

  • Earnings preview

    Oji seen boosting quarterly profit by double digits

    TOKYO -- Japanese paper manufacturer Oji Holdings will likely report a group operating profit of roughly 18 billion yen ($169 million) for the April-June quarter, a 14% gain on the year mainly due to a healthy domestic market and lower materials cost...

  • Earnings preview

    Mazda's first-quarter operating profit seen down 6%

    TOKYO -- Mazda Motor's group operating profit likely dropped 6% to around 50 billion yen ($471 million) in the three months ended June, weighed down by a stronger home currency.The profit far exceeds the 33 billion yen consensus of stock analysts sur...

  • Mitsubishi Estate won't write down UK properties

    TOKYO -- Mitsubishi Estate expects to escape the post-Brexit property market turmoil in the U.K., finding no need to book impairment charges on its office buildings there.Even if office rents fall going forward, this would have little impact on the J...

  • Earnings preview

    Nippon Gas profit seen hitting first-quarter record

    TOKYO -- Nippon Gas is expected to report an operating profit of around 4.5 billion yen ($42.3 million) for the three months ended June, up 26% on the year and marking a record for the first quarter.Gas sales to both residential and industrial custom...

  • Earnings preview

    Nikon operating profit seen doubling in first quarter

    TOKYO -- Japanese camera maker Nikon will likely report a group operating profit of roughly 9 billion yen ($84.5 million) for the April-June quarter, more than twice the figure a year earlier despite April's earthquakes in Kumamoto Prefecture.Lithogr...

  • Strong yen is earnings season's X factor, analysts say

    TOKYO -- How the yen's strength and global uncertainty play out in upcoming earnings conferences are key factors to watch when picking investments from a potentially perilous field, analysts surveyed by The Nikkei said.Of the 20 asset managers and eq...

  • Nikkei ends at 1.5-month high on weak yen, stimulus expectations

    TOKYO (Kyodo) -- Tokyo stocks staged a rebound Thursday, with the Nikkei index ending at a roughly one-and-a-half-month high, as a weaker yen lifted export-related issues and reports that the Japanese government is arranging to compile a 20 trillion ...

  • Nikkei rises to 7-week high on weak yen, stimulus hopes

    TOKYO (Reuters) -- Japan's Nikkei share average rose to a seven-week high on Thursday morning, buoyed by gains in Wall Street and a weaker yen, and fresh expectations of large stimulus measures from the government lifted risk appetite.The Nikkei rose...

  • Investors go monster-hunting in Japanese market

    OSAKA -- The runaway success of the "Pokemon Go" smartphone game has spilled into the Japanese stock market as investors rush to snap up companies standing to benefit, sending some shares sharply higher.Nintendo logged another day of record daily tur...

  • Market Scramble: Hitachi's IT revolution too slow for some

    TOKYO -- Hitachi's stock eked out a third straight gain despite a broader market decline Wednesday. But investors seem to hold a mixed view of the company's promised transformation into an "internet of things" specialist.For sure, the Tokyo-based con...

  • Earnings preview

    Japanese developer Hulic seen landing record profit

    TOKYO -- Hulic's group operating profit likely jumped 20% year on year to just over 25 billion yen ($234 million) for the six months ended in June, an all-time high for the first half, as the company expanded its portfolio last year with the acquisit...

  • Earnings preview

    Minebea profit seen sinking 40% on smartphone slump

    TOKYO -- Bearings maker Minebea's operating profit for the April-June period likely plunged 40% on the year to around 7 billion yen ($65.6 million) due in part to sluggish sales of smartphone lighting components.The Japanese manufacturer supplies LED...

  • Nikkei falls for 1st time in 7 days, Nintendo slides

    TOKYO (Reuters) -- Japan's Nikkei share average dropped for the first time in seven days on Wednesday morning as Wall Street pulled back, hitting sentiment and triggering profit-taking from the recent gains.Nintendo Co fell 10 percent in early trade ...

  • Market Scramble: Mothers futures debut run over by Pokemon craze

    TOKYO -- Tuesday's debut of futures contracts on the Mothers Index of startup companies turned out to be lackluster, overshadowed by a frenzy over a couple of corporate titans.Trading value of the Tokyo Stock Exchange Mothers futures totaled just ove...

  • Earnings preview

    Noodle maker Toyo Suisan's first-quarter profit seen flat

    TOKYO -- Japanese instant noodle purveyor Toyo Suisan Kaisha's group operating profit for April to June appears little changed from a year earlier, at slightly more than 6 billion yen ($56.3 million), with a rising yen dampening a quarter marked by g...

  • Earnings preview

    Smelting meltdown sinks nonferrous-metal profits

    TOKYO -- Japan's producers of nonferrous metals are experiencing a double-digit drop in profits as falling metals prices and a strengthening yen put a dent in smelting operations.Mitsubishi Materials' group operating profit apparently plunged more th...