Tokyo Market

30 trillion yen by 2030

Uniqlo boss talks big, aims high

TOKYO -- Tadashi Yanai raised some eyebrows at a media gathering in Tokyo in mid-February. "We aim to achieve 30 trillion yen ($248 billion) in sales in 2030," the chairman, president and CEO of Fast Retailing declared. The operator of the Uniql...

  • Dollar steady in upper 119 yen range, helped by China's rate cut

    TOKYO (Kyodo) -- The U.S. dollar held steady in a tight range around the upper 119 yen level in Tokyo on Monday, supported by expectations of more liquidity in global financial markets after a surprise interest rate cut by the Chinese central bank an...

  • JGBs fall on position adjustments before 10-year debt auction

    TOKYO (Dow Jones) -- Japanese government bonds edged down Monday, as dealers trimmed positions ahead of a planned 10-year debt auction the following day. Prices fell slightly but broadly, sending yields higher on five- to 30-year securities. The ...

  • Nikkei edges up to fresh 15-yr high on pension fund hopes

    TOKYO (Kyodo) -- The Nikkei index edged up to a fresh 15-year high Monday as investor sentiment was lifted by speculation that pension fund buying would continue to support the stock market. The 225-issue Nikkei Stock Average ended up 28.94 point...

  • Dollar firm in upper 119 yen zone, helped by US GDP data

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 119 yen zone Monday morning in Tokyo, inheriting firmness set in New York on Friday on better-than-expected revised U.S. growth data for the October-December period. At noon, the dollar fetched...

  • Nikkei hits near 15-yr high on Japan pension fund hopes

    TOKYO (Kyodo) -- The Nikkei index hit a near 15-year high Monday morning as investor sentiment was lifted after Japan's government pension fund was seen likely to continue buying stocks. The 225-issue Nikkei Stock Average rose 49.25 points, or 0....

  • Nikkei hits fresh near 15-yr high on pension fund hopes, weaker yen

    TOKYO (Kyodo) -- The Nikkei index rose to a fresh nearly 15-year high in early trading Monday as data before the weekend showed Japan's government pension fund had room for more investment, while a weaker yen lifted export-led shares. In the firs...

  • Dollar trades in upper 119 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 119 yen zone early Monday in Tokyo, little changed from its levels in New York last Friday. At 9 a.m., the dollar fetched 119.84-89 yen compared with 119.65-75 yen in New York and 119.28-30 yen...

  • Tokyo Stock Exchange reform

    When it comes to trading, size matters

    TOKYO -- Proprietary trading systems have lost the competitive edge they once had over the Tokyo Stock Exchange. SBI Japannext and Chi-X Japan are only operators of proprietary trading systems in Japan. Last April, the two brokerages' cash-stock ...

  • Quick turnaround

    Panasonic's full-year dividend to go up by 5 yen

    OSAKA -- Panasonic decided Friday to increase its year-end dividend by 2 yen from a year earlier to 10 yen in a push to return more cash to shareholders. This will lift the fiscal 2014 full-year dividend to 18 yen from last year's 13 yen, putting...

  • Japanese equities

    Banks, housing-related shares drive Nikkei higher

    TOKYO -- Domestic-demand-driven shares like banks and housing-related issues are stepping to the fore to push the Japanese stock market upward. In February, the Nikkei Stock Average rose at the fastest pace since last November, when the Bank of J...

  • Chasing yields

    Japan's pension fund boosts stocks, foreign assets

    TOKYO -- The Government Pension Investment Fund raised its allocation of domestic stocks by 2 percentage points to 19.8% in the October-December period as it shifted to higher-yielding assets, quarterly results out Friday show. The nation's larg...

  • JGBs Mostly Flat Before Fresh Supply

    TOKYO (Dow Jones) -- Japanese government bonds were mostly unchanged Friday as traders refrained from aggressive bets ahead of the weekend and fresh bond supply next week. The benchmark 10-year JGB yield was up half a basis point at 0.340% as of ...

  • Nikkei edges up to nearly 15-yr high on firm Japan factory output

    TOKYO (Kyodo) -- The Nikkei index edged up to a nearly 15-year high Friday morning as stronger-than-expected factory output last month supported investor optimism over the Japanese economy. The 225-issue Nikkei Stock Average rose 13.47 points, or...

  • Nikkei hits nearly 15-yr high on Japan industrial output, weaker yen

    TOKYO (Kyodo) -- The Nikkei index rose to a fresh nearly 15-year high in early trading Friday as stronger-than-expected industrial output in January lifted investor optimism about the Japanese economy and a weaker yen boosted exporter shares. In ...

  • Dollar trades in lower 119 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 119 yen range early Friday in Tokyo, almost unchanged from its levels overnight in New York. At 9 a.m., the dollar fetched 119.38-43 yen compared with 119.36-46 yen in New York and 118.81-83 ye...

  • End to the plunge?

    Oil-related securities find footing in Japan

    TOKYO -- Investors are rushing to oil-related stocks and exchange-traded funds in Japan on hopes for a rebound in crude prices. Purchases of ETFs and exchange-traded notes tracking crude prices have edged up since the end of January. More than 3 ...

  • Shareholder rewards

    Kao's growing free cash flow to help pay for dividends

    TOKYO -- Kao will likely generate free cash flow of 100 billion yen ($833 million) this year, helping to provide funds for increasing shareholder dividends. The company's free cash flow -- operating cash flow minus investment cash flow -- is seen...

  • Foreigner buying spree

    Tokyo stocks market cap reaches 7-year high

    TOKYO -- The market capitalization of stocks on the first section of the Tokyo Stock Exchange reached 552 trillion yen ($4.59 trillion) Thursday, the highest since July 2007, bolstered by brisk buying by foreigners. The figure is 90% of the peak ...

  • Reforms pay off

    One-time Japanese targets of US 'vulture' fund turn heads

    TOKYO -- As the rally in Japanese stocks encourages greater selectivity, one category drawing attention is companies in which U.S. investment fund Steel Partners once held stakes. The activist fund, once denounced as a "vulture," has sold off the...