Tokyo Market

Dollar holds in lower 107 yen zone after firm U.S. inflation data

TOKYO (Kyodo) -- The U.S. dollar traded in the lower 107 yen zone in Tokyo on Thursday morning, maintaining gains from New York overnight after data showed steady inflation in the world's largest economy in September, boosting U.S. Treasury bond yiel...

  • Tokyo stocks edge down in morning on overnight losses on Wall St

    TOKYO (Kyodo) -- Tokyo stocks edged down Thursday morning, weighed by the lackluster performance of U.S. shares overnight. The 225-issue Nikkei Stock Average shed 26.20 points, or 0.17 percent, from Wednesday to 15,169.57. The broader Topix index...

  • Tokyo stocks lower on Wall St. losses

    TOKYO (Kyodo) -- Tokyo stocks were lower in early trading Thursday, reflecting overnight losses on Wall Street. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 128.51 points, or 0.85 percent, from Wednesday to 15,067.2...

  • Dollar trades at lower 107 yen level in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 107 yen range early Thursday in Tokyo, mostly unchanged from its overnight level in New York. At 9 a.m., the dollar fetched 107.14-15 yen compared with 107.09-19 yen in New York and 106.95-97 y...

  • Diaper sales give Daio Paper's profit a major lift

    TOKYO -- Daio Paper is set to report a group pretax profit of around 8 billion yen ($74 million) for the April-September half, up 170% on the year, bolstered by brisk sales of disposable diapers at home and abroad. The results would surpass its f...

  • Brisk demand, higher margins buoying Japanese contractors

    TOKYO -- Earnings at Japanese general contractors are getting a lift from a slew of orders and higher profitability as demand for urban and infrastructure development ahead of the 2020 Olympics creates a tailwind. Taisei's April-September operati...

  • Weak yen driving Mitsubishi Motors' profit to record

    TOKYO -- Mitsubishi Motors now expects to report a 30% net profit jump to a record 60.9 billion yen ($563 million) for the six months ended in September as a cheaper yen improved profitability abroad. The Japanese automaker on Wednesday upgraded ...

  • Hotel-booking service Ikyu seen logging record interim profit

    TOKYO -- Ikyu, operator of a booking website for luxury hotels, likely generated a little over 1.05 billion yen ($9.71 million) of parent-only pretax profit in the April-September half, slightly higher on the year and the third straight record profit...

  • IHI seen logging record 19 billion yen first-half profit

    TOKYO -- Heavy machinery maker IHI likely posted a record April-September net profit of about 19 billion yen ($176 million) on strong sales of airplane engine parts and car turbochargers, as well as a weak yen. The tally jumped 49% on the year. I...

  • JGBs ease slightly as Nikkei gains

    TOKYO (Dow Jones) -- Japanese government bonds were slightly softer Wednesday on the back of gains in U.S. and Japan equities and a decline in U.S. Treasurys overnight. Futures and the benchmark 10-year JGB were sold as Tokyo share prices gained,...

  • Tokyo stocks end sharply up on rises in European, U.S. stocks

    TOKYO (Kyodo) -- Tokyo stocks ended sharply higher Wednesday, boosted by overnight rises in European and U.S. stocks. The 225-issue Nikkei Stock Average rose 391.49 points, or 2.64 percent, from Tuesday to 15,195.77. The broader Topix index of al...

  • Capital efficiency key to ending Japan stock market's lethargy

    TOKYO -- Global stock markets tumbled last week over fears of weak global growth, but the recent bout of softness is just the latest episode in Japan's seemingly endless stock slump. A recently published report commissioned by the Ministry of Eco...

  • Dollar trades in upper 106 yen as caution on Fed outlook remains

    TOKYO (Kyodo) -- The U.S. dollar hovered below the 107 yen line in Tokyo for most of Wednesday morning, as a combination of concerns over global economic growth and hesitance over U.S. monetary policy outlook prevented the dollar-yen pair from establ...

  • Tokyo stocks advance in morning on European, U.S. shares' rally

    TOKYO (Kyodo) -- Tokyo stocks advanced Wednesday morning, with the Nikkei stock index briefly gaining about 2 percent, supported by an overnight rally in European and U.S. shares. The 225-issue Nikkei Stock Average rose 253.19 points, or 1.71 per...

  • Tokyo stocks open sharply higher on Wall St. rally

    TOKYO (Kyodo) -- Tokyo stocks opened sharply higher Wednesday, with the Nikkei stock index briefly rising over 2 percent, after an overnight rally in U.S. shares thanks to solid U.S. corporate earnings and existing home sales data. In the first 1...

  • Dollar trades at around 107 yen in early Tokyo deals

    TOKYO(Kyodo) -- The U.S. dollar traded around the 107 yen line early Wednesday in Tokyo, little changed from its levels in New York overnight. At 9 a.m., the dollar fetched 107.01-02 yen compared with 106.95-107.05 yen in New York and 106.56-58 y...

  • Cosmetic maker Mandom's first-half profit beats estimate

    TOKYO -- Japanese cosmetic and hair products maker Mandom is expected to report an operating profit of roughly 5 billion yen ($46 million) for the April-September half, higher than the forecast by 200 million yen. The figure is down 7% on the yea...

  • Mitsui Mining's first-half profit seen topping forecasts

    TOKYO -- Mitsui Mining & Smelting likely generated about 11.5 billion yen ($107 million) in pretax profit for the April-September half, thanks to a boost in earnings from smelting operations. Pretax profit fell 9% on the year, but still exceeded ...

  • Fujifilm's first-half op profit seen up 20% on camera turnaround

    TOKYO -- Fujifilm Holdings' operating profit likely grew about 20% on the year in the April-September half, as its digital camera business moved out of the red thanks to a shift in focus to high-end models. Group operating profit is seen at aroun...

  • Sumitomo Chemical's first-half net profit likely jumped 77%

    TOKYO -- Sumitomo Chemical said in a preliminary announcement Tuesday that group net profit for the April-September half surged 77% on the year to 22 billion yen ($203 million). The Japanese company had earlier projected a 20% decline to 10 bill...