Tokyo Market

Tokyo stocks rise on hopes for positive earnings reports

TOKYO (Kyodo) -- Tokyo stocks rose Monday as investor sentiment was buoyed by hopes for positive earnings reports. The 225-issue Nikkei Stock Average ended up 71.53 points, or 0.46 percent, from Friday at 15,529.40. The broader Topix index of all...

  • Nomura Real Estate betting big on redevelopment projects

    TOKYO -- Nomura Real Estate Holdings, known for its Proud brand of condominium complexes, had adopted a strategy to hasten its projects along to the sales stage. But with the real estate market's apparent recovery, Nomura Real Estate is now ready to ...

  • Dollar stuck in upper 101 yen in morning before Fed policy, U.S. data

    TOKYO (Kyodo) -- The U.S. dollar moved narrowly in the upper 101 range Monday morning in Tokyo, as market players shied away from taking bold positions ahead of the outcome of the U.S. central bank's policy decision and a batch of U.S. economic data ...

  • Nikkei hits 6-month high in morning on hopes for further rise

    TOKYO (Kyodo) -- Tokyo stocks advanced Monday morning, with the Nikkei hitting a six-month high on hope of further rises in Japanese stocks. The 225-issue Nikkei Stock Average rose 72.42 points, or 0.47 percent, from Friday to 15,530.29, its high...

  • Dollar trades in upper 101 yen level in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 101 yen range in early Tokyo deals Monday, slightly down from its late Friday levels in New York. At 9 a.m., the dollar fetched 101.75-76 yen compared with 101.81-91 yen in New York and 101.89-...

  • Tokyo stocks open slightly lower after rallies last week

    TOKYO (Kyodo) -- Tokyo stocks opened slightly lower Monday as investors locked in gains posted last week. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 15.07 points, or 0.10 percent, from Friday to 15,442.80. The bro...

  • Fujitsu looking at first April-June operating profit in years

    TOKYO -- Fujitsu is expected to post a group operating profit of slightly more than 5 billion yen ($48.6 million) for the April-June period. It will be the company's first April quarter profit in a while. Fujitsu has logged losses of around 20 billio...

  • Weak Thai sales push profit lower at top Japanese truckmakers

    TOKYO -- Japan's leading makers of commercial vehicles appear to have entered a rough patch amid a dip in overseas demand. Isuzu Motors and Hino Motors apparently saw their operating profits sustain sizable year-on-year declines for the April-Jun...

  • Japanese distributors, eateries squeezed by tightening labor market

    TOKYO -- Personnel shortages are starting to take a bite out of profits at Japanese companies in such labor-intensive industries as distribution and food service, adding to the strain from the recent consumption tax hike. Yamato Holdings has had ...

  • Yoshinoya to beef up expansion with share sale

    TOKYO -- The operator of the Yoshinoya beef bowl chain announced Friday that it will raise up to 17.3 billion yen ($168 million) in a public offering and use the proceeds to finance new restaurants. Yoshinoya Holdings, which also operates the Han...

  • Foreign tourists: a stock market theme with legs

    TOKYO -- At a time when investors are starved for equity stories with long-term appeal, tourism could provide a compelling theme. A record-high 6.26 million foreigners traveled to Japan in the January-June half, 26% more than a year earlier, the ...

  • Mitsubishi Chemical's April-June profit seen up 25%

    TOKYO -- Mitsubishi Chemical Holdings' group operating profit likely grew 25% on the year to nearly 30 billion yen ($291 million) for the three months ended June 30 on the back of strong sales of high-performance materials. Sales apparently climb...

  • Daio Paper pretax profit seen more than doubling for April-June

    TOKYO -- Daio Paper's group pretax profit for the quarter ended June likely jumped 140% on the year to just over 3 billion yen ($29.1 million), thanks to two price hikes in fiscal 2013. Sales edged up 2% to an estimated 103 billion yen. Demand fo...

  • Dollar rests easy in upper 101 yen on optimism over U.S. economy

    TOKYO (Kyodo) -- The U.S. dollar held firm in the upper 101 yen zone in Tokyo on Friday on dollar-positive U.S. optimism inherited from upbeat jobs data overnight, albeit tempered by caution ahead of the weekend in an uneasy geopolitical climate. ...

  • JGBs soften on strength in stocks

    TOKYO (Dow Jones) --Japanese government bonds softened Friday on the back of a fall in U.S. Treasurys overnight and a rise in Tokyo shares. Traders said that investors sold safe-haven sovereign debt as the Nikkei Stock Average rose on a weaker yen ...

  • Citi tips Nikkei at 16600 by year-end

    TOKYO (Dow Jones) -- The Nikkei is likely to rise to 16600 by the year end, as the BOJ is expected to ease again in November, ahead of the government's decision on another round of a sales tax hike and as the Government Pension Investment Fund is lik...

  • Nikkei hits 6-month high on weaker yen, upbeat earnings report

    TOKYO (Kyodo) -- Tokyo stocks rebounded Friday, with the Nikkei stock index finishing at a six-month high on a weaker yen trend and a rally in the stock of a company that reported upbeat earnings. The 225-issue Nikkei Stock Average ended up 173.4...

  • Can Japan's investment trusts play a bigger role in the market?

    TOKYO -- The net asset value of Japanese investment trust funds hit a historical high at the end of June, but domestic equities held by those funds account for only a fraction of Japan's total market capitalization. Asset managers have a long way to ...

  • Dollar holds in upper 101 yen in morning, boosted by US jobs data

    TOKYO (Kyodo) -- The U.S. dollar held firm in the upper 101 yen zone Friday morning in Tokyo on renewed optimism about the U.S. economy, maintaining its overnight gains from upbeat jobless claims data out of the world's largest economy. At noon,...

  • Tokyo stocks gain in morning on weaker yen

    TOKYO (Kyodo) -- Tokyo stocks gained Friday morning as investor sentiment was lifted by a weaker yen trend and the S&P 500's rise to a record closing high for the second consecutive day overnight in New York. The 225-issue Nikkei Stock Average r...