Tokyo Market

Tokyo stocks flat in morning, gains offset by profit-taking

TOKYO (Kyodo) -- Tokyo stocks gave back modest gains following rises on Wall Street and ended morning trading nearly flat on Monday, as investors moved to cash in after recent rallies. The 225-issue Nikkei Stock Average was up just 0.26 point, or...

  • Tokyo stocks open higher after Wall St. gains

    TOKYO (Kyodo) -- Tokyo stocks opened slightly higher Monday, taking their cue from gains Friday on Wall Street. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 27.84 points, or 0.16 percent, from Friday to 17,649.24. T...

  • Dollar stays in mid-119 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the mid-119 yen zone early Monday in Tokyo, little changed from its levels Friday in New York. At 9 a.m., the dollar fetched 119.50-52 yen compared with 119.46-56 yen in New York and 119.17-18 yen in Tok...

  • Central Tokyo developers

    Mitsui Fudosan overtakes Mitsubishi Estate with greater growth expectations

    TOKYO -- In early September, Mitsui Fudosan overtook Mitsubishi Estate to temporarily become Japan's top ranked real estate developer in terms of market capitalization, for the first time since 1980. Mitsui Fudosan's strength lies in the sale of ...

  • Smartphone boom

    Murata seen posting record operating profit

    TOKYO -- Murata Manufacturing is expected to report a 50% increase in operating profit to around 190 billion yen ($1.58 billion) for the fiscal year ending March 31, marking its first record high in 14 years. The figure exceeds the previous expec...

  • Daily goods

    Kao's profit poised to reach another high next year

    TOKYO -- Kao Corp.'s consolidated operating profit for next fiscal year is expected to tally around 150 billion yen ($1.25 billion), a 15% rise on the projection for this year. The figure would represent a another consecutive high for the Japanes...

  • Market risks in 2015

    Uncertainty looming in Russia, US, Europe

    TOKYO -- Tokyo stocks rose again Friday as worries over the plunge in crude prices eased on growing confidence in U.S., European and Japanese monetary policies. But the market outlook for 2015 is fraught with uncertainty as not just oil-producing cou...

  • Beating Japan's slump

    Ramen purveyor Hiday Hidaka grows profit by taking fight to pubs

    TOKYO -- Hiday Hidaka's operating profit likely rose 10% on the year in the nine months through November as a bigger, boozier menu at its ramen noodle restaurants appealed to casual drinkers. The company is expected to report a parent-only operat...

  • Japanese government bonds

    Ultralong JGB issuance seen rising by 2 trillion yen in fiscal 2015

    TOKYO -- Japan appears likely to increase the issuance of 30- and 40-year government bonds by about 2 trillion yen ($16.6 billion) in fiscal 2015. The government hopes to take advantage of current low interest rates so as to hold down its future inte...

  • Dollar rises to lower 119 yen amid prospects for U.S. rate hike

    TOKYO (Kyodo) -- The U.S. dollar climbed to the lower 119 yen level Friday in Tokyo, bolstered by expectations of a U.S. rate hike next year, while the market showed limited reaction to the Bank of Japan's decision to keep intact its ultraloose monet...

  • Tokyo stocks surge on Fed rate view

    TOKYO (Kyodo) -- Tokyo stocks surged Friday as market sentiment continued to be lifted by the U.S. Federal Reserve's assurance that it could be patient in raising its key interest rate. The 225-issue Nikkei Stock Average ended up 411.35 points, o...

  • Dollar firm at around 119 yen amid prospects for U.S. rate hike

    TOKYO (Kyodo) -- The U.S. dollar remained firm at around the 119 yen line Friday morning in Tokyo amid expectations of a U.S. rate hike next year, while the market awaited the outcome of a Bank of Japan policy meeting. At noon, the dollar fetched...

  • Tokyo stocks surge in morning as Fed rate outlook lifts sentiment

    TOKYO (Kyodo) -- Tokyo stocks surged Friday morning as market sentiment continued to be lifted by the U.S. Federal Reserve's statement that it would be patient in raising its key interest rate. The 225-issue Nikkei Stock Average gained 330.07 poi...

  • Tokyo stocks open sharply higher after Wall St. gains

    TOKYO (Kyodo) -- Tokyo stocks opened sharply higher Friday on the heels of gains on Wall Street. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 297.43 points, or 1.73 percent, from Thursday to 17,507.48. The broader T...

  • Dollar trades at upper 118 yen level in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 118 yen range Friday in Tokyo, almost unchanged from its levels overnight in New York. At 9 a.m., the dollar fetched 118.87-93 yen compared with 118.79-89 yen in New York and 118.68-70 yen in T...

  • Focus on health care

    Fujifilm chief says new drugs under development

    TOKYO -- Fujifilm Holdings, whose experimental Ebola drug grabbed the spotlight amid an outbreak in West Africa, is working to strengthen its health care business by developing new treatments, the company's chief executive officer told The Nikkei. ...

  • Convenience stores still strong

    Seven & i profit seen at record high for March-November

    TOKYO -- Seven & i Holdings is expected to post a consolidated operating profit of more than 250 billion yen ($2.09 billion) for the March-November period, a second straight record high for the three quarters. The figure slightly exceeds the 249....

  • Weak debut for gumi

    Smartphone game developers fail to excite investors

    TOKYO -- Japan's smartphone game developers are losing steam these days, with Thursday's highly anticipated initial public offering of gumi turning out to be a disappointment. Tokyo shares rallied that day, with the Nikkei Stock Average soaring 3...

  • Earnings target

    Meiji Holdings seeks to reach 5% profit margin sooner

    TOKYO -- Meiji Holdings will move up its deadline for an operating profit margin target by three years, President Masahiko Matsuo told The Nikkei in a recent interview. The Japanese food and drug company intends to raise its operating margin to a...

  • Robust nonfinancial services

    Nomura Research eyes 3% profit gain for April-December

    TOKYO -- The Nomura Research Institute will likely book a 3% year-on-year increase in group operating profit for the April-December period to over 37 billion yen ($309 million) on the growth of services aimed at nonfinancial companies. The Japane...