Tokyo Market

Mitsubishi Motors, after a series of restructuring efforts, is ready to pay a midyear dividend again.

Japanese companies to pay record interim dividends

TOKYO -- Encouraged by bright earnings prospects and the government's push to strengthen corporate governance, many Japanese companies are stepping up dividends to the point that aggregate interim payouts are seen reaching record levels. The Nikk...

  • Nomura Research seen beating profit target in first half

    TOKYO -- The Nomura Research Institute is on track to generate 23 billion yen ($212 million) in operating profit for the April-September half, 1 billion yen more than forecast and roughly flat on the year. Demand for information technology system...

  • Can Sony pull off a GE-style makeover?

    TOKYO -- Like it or not, Sony is being held up as a test case of corporate Japan's courage to ditch businesses barely earning their keep. Shares in the electronics and entertainment group have been on a five-day winning streak, reaching a year-to...

  • Japan Tobacco to hand some overseas profits to shareholders

    TOKYO -- Japan Tobacco plans to distribute to shareholders a portion of the profits its earns abroad, now that it has completed big acquisitions of foreign companies and no longer needs the cash for such activities. The Japanese tobacco giant is ...

  • Dollar hits 6-year high as Fed, BOJ policies look likely to diverge

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 107 yen zone in Tokyo on Friday, and briefly hit a six-year high of 107.39 yen, amid expectations for monetary tightening by the U.S. Federal Reserve and looser policy by the Bank of Japan, causing...

  • JGBs little-moved as Fed meeting awaited

    TOKYO (Dow Jones) -- Japanese government bonds were little-changed Friday after falling earlier in the week, as market participants were wary of selling further. Traders said that despite continued weakening of the yen against the dollar, putting...

  • Nikkei hits 8-month high, geopolitical risks cap topside

    TOKYO (Kyodo) -- Tokyo stocks closed up Friday, with the Nikkei index ending at an eight-month high as the U.S. dollar continued to strengthen against the yen, but the market's topside was heavy just shy of the 16,000 mark amid fresh geopolitical ris...

  • 1H investment via Japan's tax-free program tops Y1.5 trillion

    TOKYO -- Securities investment through the tax-free NISA program, Japan's version of Britain's individual savings account system, is increasing. The investment tally since January, when the program was launched, through the end of June appears to hav...

  • Dollar hits 6-year high in lower 107 yen on hawkish Fed, dovish BOJ

    TOKYO (Kyodo) -- The U.S. dollar advanced to a fresh six-year high in the lower 107 yen zone in Tokyo on Friday morning, continuing to rise on expectation that the monetary policy directions of the Bank of Japan and U.S. Federal Reserve will deviate ...

  • 'Locust' investors swarm incentive-based stocks in Tokyo

    TOKYO -- The slow pace of Japan's economic recovery has muted overall stock prices in Tokyo, but some incentive-based shares have grown volatile because of so-called locust investors -- individuals who rapidly descend en masse on stocks and flee them...

  • Nikkei hits 8-month high on US dollar's firmness

    TOKYO (Kyodo) -- Tokyo stocks rose Friday morning, with the Nikkei stock index hitting an eight-month high as investor sentiment was buoyed by the U.S. dollar's firmness in the lower 107 yen zone. The 225-issue Nikkei Stock Average gained 61.30 p...

  • Tokyo stocks almost flat, weaker yen offsets profit-taking

    TOKYO (Kyodo) -- Tokyo stocks opened almost flat Friday morning as buying on the back of the U.S. dollar's firmness in the lower 107 yen zone offset selling to lock in profits after recent rallies. In the first 15 minutes of trading, the 225-issu...

  • Dollar stays in lower 107 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 107 yen range early Friday in Tokyo, little changed from its levels overnight in New York. At 9 a.m., the dollar fetched 107.10-11 yen compared with 107.05-15 yen in New York and 106.86-87 yen ...

  • Yen's slide may boost exporters' profits by 350 billion yen

    TOKYO -- The weakness of the yen, which fell to a nearly six-year low against the dollar in the 107 range here Thursday, could lift operating profit at 20 major exporters by about 350 billion yen ($3.25 billion) in fiscal 2014. The Nikkei calcula...

  • Takashimaya seen besting first-half operating profit forecast

    TOKYO -- Japanese department store operator Takashimaya likely generated a roughly 12 billion yen ($111 million) operating profit for the six months ended August, up 8% on the year and slightly ahead of its guidance. The last-minute demand surge ...

  • Falling prices to hurt Sumitomo's resource profits

    TOKYO -- Japanese trading house Sumitomo's full-year consolidated net profit in the resources business is expected to come in more than 5 billion yen ($46.3 million) under guidance because of lower prices for such products as coal. The business ...

  • Dollar tops 107 yen as Kuroda hints BOJ prepared for more easing

    TOKYO (Kyodo) -- The U.S. dollar briefly rose above 107 yen for the first time since September 2008 in Tokyo on Thursday, amid expectation the monetary policy directions of the Bank of Japan and U.S. Federal Reserve are set to diverge further. At...

  • Nikkei ends at 8-month high on weaker yen, gains on Wall St.

    TOKYO (Kyodo) -- Tokyo stocks ended higher Thursday, with the Nikkei stock index hitting an eight-month high as investor sentiment was buoyed by the U.S. dollar's firmness against the yen and overnight gains on Wall Street. The 225-issue Nikkei S...

  • JGBs fall as yen weakens; 10-year yield refreshes 2-month high

    TOKYO (DJ) -- The benchmark 10-year Japanese government bond yield refreshed a two-month high Thursday, following a rise in U.S. Treasury yields overnight and a weakening of the yen against the dollar. Traders said the yen slipping to a nearly si...

  • Dollar holds in upper 106 yen with U.S. rate hike expectations intact

    TOKYO (Kyodo) -- The U.S. dollar held firm in the upper 106 yen zone in Tokyo on Thursday morning amid heightened expectations for an interest rate hike by the U.S. Federal Reserve, although a dearth of new U.S.-centered developments kept traders fro...