Tokyo Market

Dollar stuck in lower 123 yen range ahead of Greece referendum

TOKYO (Kyodo) -- The U.S. dollar was mostly stuck in the lower 123 yen range on Friday in Tokyo as market participants retreated to the sidelines ahead of Greece's referendum on bailout terms proposed by its international creditors on Sunday. At ...

  • Tokyo stocks stake narrow gain in run-up to Greek referendum

    TOKYO (Kyodo) -- Tokyo stocks eked out gains Friday as investors anticipated the result of Sunday's Greek referendum on conditions for an extended bailout could improve the ailing country's outlook and see global markets rebound on Monday. The 22...

  • JGBs rise on gains in US Treasurys, worries over Greece

    TOKYO (Dow Jones) -- Japanese government bonds rose Friday, helped by a rally overnight in U.S. Treasurys and concerns over Greece's debt crisis. The yield on the benchmark 10-year JGB, which moves inversely with prices, was down three basis poin...

  • Dollar stays around 123 yen line after weak US jobs report

    TOKYO (Kyodo) -- The U.S. dollar stayed around the 123 yen line Friday morning in Tokyo in a wait-and-see mood after falling overnight on a weaker-than-expected U.S. jobs report for June. At noon, the dollar fetched 123.07-08 yen compared with 12...

  • Tokyo stocks fall in morning on stronger yen, Greek vote jitters

    TOKYO (Kyodo) -- Tokyo stocks fell on Friday morning amid subdued investor sentiment after softer-than-expected June U.S. jobs data saw the yen climb against the U.S. dollar overnight and as Greece's bailout referendum looms over the weekend. The...

  • Nikkei falls in early trading on strong yen, Greece unease

    TOKYO (Kyodo) -- The Nikkei stock index fell in early trading Friday in Tokyo amid subdued investor sentiment after softer-than-expected June U.S. jobs data saw the yen climb against the U.S. dollar overnight and as Greece's bailout referendum looms ...

  • Dollar trades at lower 123 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 123 yen range early Friday morning in Tokyo, little changed from its levels overnight in New York. At 9 a.m., the dollar fetched 123.06-07 yen compared with 123.00-10 yen in New York and 123.48...

  • Market Scramble

    Pros, semi-pros await next dips

    TOKYO -- Seasoned retail investors and professional fund managers alike are targeting stocks that appear bargains following steep drops. Hopeful that Japan Inc. will outperform corporate America and European companies in earnings this fiscal year...

  • Nikkei earnings preview

    Brewer Asahi's profit seen rising 3%, defying expectations

    TOKYO -- Operating profit at beverage company Asahi Group Holdings looks to have edged up 3% on the year during the January-June half to a record 45 billion yen ($360 million) on brisk whiskey sales, despite initial estimates of a 2% decline. Gro...

  • Tokyo stocks rise on respite from Greece worries, weaker yen

    TOKYO (Kyodo) -- Tokyo stocks rose Thursday as risk aversion receded somewhat amid positive signs in the Greece debt crisis, and as firm U.S. data out overnight helped to drive down the yen against the U.S. dollar, benefiting export-oriented issues. ...

  • JGBs tumble before US jobs report

    TOKYO (Dow Jones) -- Japanese government bond prices tumbled Thursday, weighed down by caution that U.S. bond yields may keep rising, assuming a U.S. jobs report due later in the day is robust enough to strengthen expectations of an early U.S. tighte...

  • Tokyo stocks rise in morning as Greece fears ebb, US data shines

    TOYKO (Kyodo) -- Tokyo stocks surged Thursday morning amid a breather in risk aversion on Greece's debt crisis, and as firm U.S. data out overnight helped to drive down the yen against the U.S. dollar, benefiting export-oriented issues. The 225-i...

  • Dollar climbs in lower 123 yen zone on US rate hike hopes

    TOKYO (Kyodo) -- The U.S. dollar climbed in the lower 123 yen zone Thursday morning in Tokyo on renewed hopes for an early interest rate hike in the United States fueled by positive economic data released the previous day. At noon, the dollar fet...

  • Tokyo stocks rise in early trading after overseas equity gains

    TOKYO (Kyodo) -- Tokyo stocks rose in early trading Thursday as investor sentiment was boosted following gains in European and U.S. stock markets overnight. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 232.85 points...

  • Dollar edges up in lower 123 yen in early Tokyo trading

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 123 yen level early Thursday morning in Tokyo, up slightly from its levels overnight in New York. At 9 a.m., the dollar fetched 123.32-34 yen compared with 123.12-22 yen in New York and 122.61-...

  • Market Scramble

    IT-aided management innovation seen as next buying theme

    TOKYO -- Investors are turning to companies that use information technology for the purpose of managerial innovation. Shares of industrial machinery developer Fanuc and automated devices producer Keyence advanced 1% Wednesday, as did Kawasaki Hea...

  • Nikkei earnings preview

    Dowa profit climbs as waste disposal booms

    TOKYO -- Operating profit at Dowa Holdings appears to have jumped 12% on the year to 10.5 billion yen ($84.9 million) for the April-June quarter as the company's industrial waste disposal business took off. The Japanese metals manufacturer's sale...

  • Nikkei earnings preview

    ABC-Mart likely to post record operating profit for March-May

    TOKYO -- Footwear retailer ABC-Mart Inc. is expected to post a group operating profit of around 13.5 billion yen ($109 million) during the March-May period, a 3% bump from the same period last year and a record for the quarter. Sales were up 11% ...

  • Investor's paradise

    Global hedge funds settle in Singapore, invest in Japan

    SINGAPORE -- Singapore is only a bit larger in area than central Tokyo, yet its hedge fund environment is noticeably more vibrant. One reason for this is the Financial Sector Incentive Scheme for Fund Managers, a set of tax incentives unique to Sin...

  • 'Whale' watching

    Pension funds to make even bigger splash in Japan's stock market

    TOKYO -- The "four whales" of the Japanese stock market are about to get bigger and bolder. The Government Pension Investment Fund and three mutual pension funds are not only changing their asset allocations, they are also shifting to a more aggressi...