Tokyo Market

Nikkei ends at 7-year high on BOJ's additional monetary easing

TOKYO (Kyodo) -- Tokyo stocks soared Friday, with the Nikkei stock index ending at its highest level in around seven years, after the Bank of Japan decided to expand its massive asset purchase program. The 225-issue Nikkei Stock Average ended up ...

  • GMO Click plans to list on Jasdaq in spring 2015

    TOKYO -- GMO Click Holdings, Japan's major foreign exchange margin trading broker, will debut on the Tokyo Stock Exchange's Jasdaq market next spring. As part of the move, it plans to acquire through a stock swap 100% ownership of consolidated su...

  • Dollar steady at lower 109 yen on US growth

    TOKYO (Kyodo) -- The U.S. dollar was steady in the lower 109 yen range Friday morning in Tokyo, supported by higher-than-expected growth in the U.S. economy in the third quarter. At noon, the dollar fetched 109.35-37 yen compared with 109.17-27 y...

  • Tokyo stocks advance on Wall St. gains, GPIF reform report

    TOKYO (Kyodo) --Tokyo stocks shot up Friday morning, supported by overnight gains on Wall Street and a news report that Japan's giant public pension fund will shortly announce its new investment allocation target. The 225-issue Nikkei Stock Avera...

  • Dollar trades in lower 109 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 109 yen range early Friday in Tokyo, little changed from its overnight levels in New York. At 9 a.m., the dollar fetched 109.22-23 yen compared with 109.17-27 yen in New York and 109.17-19 yen ...

  • Tokyo stocks open higher on firmer dollar, Wall St. gains

    TOKYO (Kyodo) -- Tokyo stocks opened higher Friday, taking a cue from the U.S. dollar's firmness in the lower 109 yen zone and an overnight rise in U.S. stocks stemming from strong U.S. gross domestic product data. In the first 15 minutes of trad...

  • Volatility concerns ebb in Tokyo stock market

    TOKYO -- Concerns over a downturn in Tokyo stock prices are receding as investors here take a breath after the U.S. Federal Open Market Committee meeting this week. The Nikkei Stock Average Volatility Index, which is calculated based on options t...

  • Mitsubishi Electric lifts profit outlook on brisk China ops

    TOKYO -- Mitsubishi Electric raised its earnings forecast for the year through March on strong sales of factory automation equipment as smartphone-related Chinese companies spend money on plants. The Japanese company said Thursday that it anticip...

  • US small-, midcap funds homing in on Japan

    TOKYO -- Without copious amounts of easy Federal Reserve money buoying stock markets, investors are bound to get choosy. A number of U.S. funds are already showing a preference for Japanese small- and midcap stocks. "We've hired more people for t...

  • Isuzu's first-half profit seen down 14%

    TOKYO -- Isuzu Motors likely beat forecasts for the April-September half, with group operating profit totaling an estimated 78 billion yen ($709 million) or so, down 14% on the year but 8 billion yen above guidance, on strong sales in Japan, the Midd...

  • Prima Meat Packers seen with 40% net profit jump

    TOKYO -- Japan's Prima Meat Packers likely generated a little over 2 billion yen ($18.1 million) in net profit for the April-September period, up 40% or so on the year and topping the 1.7 billion yen projection. Sales likely grew 10% to 163 billi...

  • JX Holdings' full-year pretax profit seen tumbling 30%

    TOKYO -- JX Holdings is expected to record a consolidated pretax profit for the fiscal year ending March 31 of just under 200 billion yen ($1.8 billion), down just over 30%. The Japanese petroleum company had forecasted a 19% drop to 245 billion ...

  • Skymark bracing for 13.6 billion yen net loss in fiscal 2014

    TOKYO -- Skymark Airlines said Thursday that it expects a parent-only net loss of 13.6 billion yen ($123 million) for the year ending in March as expenses for introducing new aircraft and fuel costs balloon. The Japanese airline spilled 1.8 billi...

  • JGBs Steady or Slightly Lower Amid Headwinds

    TOKYO (Dow Jones) -- Japanese government bond prices were steady or lower Thursday amid the headwinds of a weaker yen and higher share prices. The benchmark 10-year yield was up 0.5 basis point at 0.470%, while the 30-year bond yield was up 2.5 b...

  • Tokyo stocks rise on optimism over U.S. economic recovery

    TOKYO (Kyodo) -- Tokyo stocks rose Thursday, aided by investors' optimism over the course of U.S economic recovery after the Federal Reserve decided to end its asset-buying stimulus. The 225-issue Nikkei Stock Average ended up 104.29 points, or 0...

  • Dollar hits 3-week high above 109 yen on Fed's optimistic view

    TOKYO (Kyodo) -- The U.S. dollar climbed into the 109 yen range Thursday morning in Tokyo for the first time in about three weeks as expectations of an early U.S. interest rate hike mounted in the wake of the U.S. Federal Reserve's bullish view on em...

  • Tokyo stocks gain after U.S. Fed ends asset-buying program

    TOKYO (Kyodo) -- Tokyo stocks gained Thursday morning following the U.S. Federal Reserve decision to end its asset-buying stimulus on the back of an improving labor market. The 225-issue Nikkei Stock Average rose 82.69 points, or 0.53 percent, fr...

  • Tokyo stocks open higher after Fed ends asset-buying program

    TOKYO (Kyodo) -- Tokyo stocks opened higher Thursday after the U.S. Federal Reserve decided the previous day to end its asset-buying stimulus this month on the back of an improving labor market. In the first 15 minutes of trading, the 225-issue N...

  • Dollar in upper 108 yen range in early Tokyo trading

    TOKYO (Kyodo) -- The U.S. dollar fluctuated in the upper 108 yen range early Thursday in Tokyo, inheriting its strength seen in New York overnight. At 9 a.m., the dollar fetched 108.85-87 yen compared with 108.85-95 yen in New York and 108.07-08 ...

  • Hitachi lifts profit guidance on brisk infrastructure demand

    TOKYO -- Hitachi upgraded its earnings guidance for fiscal 2014 on Wednesday in light of strong demand for its information systems and infrastructure-related equipment. The Japanese conglomerate added 20 billion yen ($183 million) to the group op...