Tokyo Market

Dollar drifts within mid-101 yen zone as traders remain risk-wary

TOKYO (Kyodo) -- The U.S. dollar moved narrowly within the mid-101 yen zone in Tokyo on Thursday, as signs of U.S. economic strength failed to inspire traders to buy the currency against a background of ongoing geopolitical tensions. At 5 p.m., t...

  • Long-term JGBs rise as BOJ operation confirms strong market demand

    TOKYO (Dow Jones) -- Japanese government bonds rose Thursday, as buyers took a cue from a Bank of Japan debt-buying operation signaling strong market demand for long-term securities. The benchmark 10-year JGB yield was down one basis point at 0.5...

  • Tokyo stocks edge lower amid lack of buying incentives

    TOKYO (Kyodo) -- Tokyo stocks fell slightly Thursday as investors held back from active trading amid a dearth of fresh buying incentives. The 225-issue Nikkei Stock Average ended down 44.14 points, or 0.29 percent, from Wednesday at 15,284.42. Th...

  • Dollar flat in mid-101 yen as U.S. optimism fails to break funk

    TOKYO (Kyodo) -- The U.S. dollar traded in a tight range in the mid-101 yen zone in Tokyo on Thursday morning as signs of U.S. economic recovery made only small ripples in a market wary of risk amid geopolitical concerns. At noon, the dollar fetc...

  • Dollar flat in mid-101 yen as U.S. optimism fails to break funk

    TOKYO (Kyodo) -- The U.S. dollar traded in a tight range in the mid-101 yen zone in Tokyo on Thursday morning as signs of U.S. economic recovery made only small ripples in a market wary of risk amid geopolitical concerns. At noon, the dollar fetc...

  • Tokyo stocks edge up in morning on positive China economic data

    TOKYO (Kyodo) -- Tokyo stocks rose slightly Thursday morning, supported by positive Chinese manufacturing data for July released during the morning session. The 225-issue Nikkei Stock Average gained 16.36 points, or 0.11 percent, from Wednesday t...

  • Tokyo stocks almost flat amid lack of trading cues

    TOKYO (Kyodo) -- Tokyo stocks were almost flat early Thursday morning amid a lack of major trading cues. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 18.65 points, or 0.12 percent, from Wednesday to 15,347.21. The b...

  • Dollar around mid-101 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded around the mid-101 yen level early Thursday in Tokyo, almost unchanged from New York overnight. At 9 a.m., the dollar fetched 101.52-53 yen compared with 101.43-53 yen in New York and 101.37-38 yen in Tokyo...

  • Cosmo Oil buys light crude from US shale project

    TOKYO -- Petroleum products from an American shale project are set to arrive in Japan for the first time following Cosmo Oil's recent purchase of 300,000 barrels of a light crude oil called condensate. Condensate is a gas underground and turns in...

  • Japanese stocks in throes of summer doldrums

    TOKYO -- With the Japanese stock market directionless due to a dearth of incentives, listed companies need to take the initiative to improve profitability in order to get investors to buy. The Nikkei Stock Average moved just 58.83 points during W...

  • JCB cardholders visiting Japan could get free data service

    TOKYO -- Credit card company JCB and Internet service provider Biglobe have partnered to give some foreign visitors to Japan free local data plans for their smartphones and tablets. Through the end of September, up to 600 JCB cardholders who visi...

  • Fujifilm pictured with 20% profit gain for April-June

    TOKYO -- Fujifilm Holdings' operating profit for the April-June quarter likely grew 20% on the year to nearly 30 billion yen ($292 million), thanks largely to a focus on high-end cameras. The digital camera business apparently ran an operating lo...

  • Online brokerages see profits halve as individuals shy away

    TOKYO -- Japan's top five online securities companies experienced an over 50% drop in combined net profit for the April-June quarter to about 10.8 billion yen ($105 million) amid a downturn in individual trading. Individual investors traded about...

  • Nissan, Mazda seen logging 1st-quarter profit gains

    TOKYO -- Nissan Motor and Mazda Motor are expected to report higher first-quarter operating profits thanks to brisk sales growth overseas, which made up for a post-tax-hike slump at home. Mazda's group operating profit likely jumped more than 40%...

  • Minebea seen rolling to record April-June profit

    TOKYO -- Minebea's operating profit apparently hit an all-time high for the three months ended June 30 on strong demand for bearings used in automobiles and motors. Operating profit is believed to roughly tripled on the year to more than 10 billi...

  • Itochu pressured to boost investment return

    TOKYO -- Investors are waiting to see if Itochu, which has solidified its position as Japan's third-biggest trading house, will follow in the footsteps of larger rivals Mitsubishi and Mitsui in buying back shares. Itochu's share price remains bel...

  • Analyst optimism may prod smartphone-related companies to revise conservative forecasts

    TOKYO -- Companies facing an uncertain business environment often make cautious earnings forecasts that fall well below those made by securities analysts working from their own data. Currently, the gap is particularly wide for businesses related to c...

  • Dollar hovers in mid-101 yen zone as caution prevails

    TOKYO (Kyodo) -- The U.S. dollar traded narrowly in the mid-101 yen zone in Tokyo on Wednesday amid a dearth of incentives, with risk aversion lingering over ongoing geopolitical tensions. At 5 p.m., the dollar fetched 101.37-38 yen compared wit...

  • JGB futures rise on firm 20-year auction, stock weakness

    TOKYO (Dow Jones) --Japanese government bond futures gained Wednesday after a firm auction of 20-year JGBs and a fall in Tokyo share prices. Though the auction helped support futures buying, traders said that the cash market was more or less unch...

  • Japan to enhance quarantine checks on food imports

    TOKYO (Kyodo) -- Japan will enhance quarantine checks on food imports after Tuesday's revelation that a Chinese company had sold outdated chicken to some Japanese retailers, the chief government spokesman said Wednesday. McDonald's Co. (Japan) an...