Tokyo Market

Aeon to debut LTE-compatible discount smartphone

TOKYO -- Japanese retail giant Aeon will release a new discount smartphone Sept. 5, its third since entering the market in April and the first that meshes with LTE high-speed data communication services. The new smartphone uses a handset manufact...

  • Nonferrous, Europe-related stocks fall in Tokyo

    TOKYO -- Many nonferrous-metal and Europe-related shares had a bad Friday here as copper prices fell from rising tensions in Ukraine and the euro weakened. Leading nonferrous-metal companies dipped almost across the board. Dowa Holdings temporari...

  • Corporate Japan could take a page from Apple's playbook

    TOKYO -- Japanese companies that have seen their stock prices languish may be able to learn from the success of Apple, whose corporate ethos appears to be anchored on rewarding shareholders. The Nikkei Stock Average has declined 5% from the end o...

  • Ito En's May-July op profit likely plunged 60%

    TOKYO -- Ito En is seen reporting a roughly 60% year-on-year drop in operating profit for the three months ended July 31 on weak beverage sales resulting from unseasonable weather and a consumption tax hike. The Japanese tea drink manufacturer is...

  • Panasonic to hike interim dividend

    OSAKA -- Panasonic said Friday that it will pay a dividend of 8 yen ($0.08) per share for the six months through Sept. 30, up 3 yen from a year earlier. Previously, the Japanese electronics company had not issued a projected interim payout. P...

  • H.I.S. posts record 9-month profit on theme park business

    TOKYO -- Japanese travel agency H.I.S. generated 9 billion yen ($85.9 million) in operating profit for the nine months through July, a 34% jump from a year earlier, helped by brisk business at its Nagasaki theme park. Theme park operations drove ...

  • Dollar stays in upper 103 yen, caution over Ukraine caps upside

    TOKYO (Kyodo) -- The U.S. dollar was stuck in the upper 103 yen level Friday, weighed down by caution over escalating tensions in Ukraine although positive U.S. data overnight maintained expectations for an economic recovery. At 5 p.m., the dolla...

  • JGBs Fall Slightly After Recent Rallies

    TOKYO (Dow Jones) -- Japanese government bonds fell slightly Friday, as traders locked in profits after recent rallies ahead of the weekend and a planned government bond auction by the finance ministry next week. At 0600 GMT, the yield on the be...

  • Tokyo stocks edge lower on Ukraine crisis, Japan's weak output data

    TOKYO (Kyodo) -- Tokyo stocks edged lower Friday, with market sentiment soured by concerns over the intensifying conflict between Ukraine and Russia as well as Japan's weaker-than-expected industrial output data for July. The 225-issue Nikkei St...

  • Dollar stays in upper 103 yen amid caution over Ukraine crisis

    TOKYO (Kyodo) -- The U.S. dollar was stuck in the upper 103 yen range Friday morning in Tokyo as investors remained alert over escalating tensions in Ukraine despite positive U.S. economic data overnight. At noon, the dollar fetched 103.71-73 ye...

  • Tokyo stocks fall in morning on geopolitical risks, weak output data

    TOKYO (Kyodo) -- Tokyo stocks fell Friday morning as investor sentiment was cooled by worries over the escalating conflict between Ukraine and Russia as well as Japan's weaker-than-expected industrial output data for July. The 225-issue Nikkei S...

  • Tokyo stocks almost flat in early morning

    TOKYO (Kyodo) -- Tokyo stocks were almost flat Friday as selling on worries over escalating conflict between Ukraine and Russia offset buying encouraged by some positive Japanese economic data released before the opening. In the first 15 minutes...

  • Dollar trades in upper 103 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 103 yen range in Tokyo early Friday, little changed from levels in New York overnight. At 9 a.m., the dollar fetched 103.71-75 yen compared with 103.71-81 yen in New York and 103.75-77 yen in T...

  • SoftBank branching out into farm support

    TOKYO -- As part of efforts to cultivate new earnings sources to offset flat cell phone sales, SoftBank next spring will begin a business that helps farmers monitor growing conditions on their farms. The Japanese wireless carrier will install dev...

  • Corporate Japan issuing bonds at record-low rates

    TOKYO -- More Japanese companies are taking advantage of ultralow long-term interest rates to issue bonds carrying rock-bottom costs. On Thursday, five companies decided they will issue a total of 515 billion yen ($4.91 billion) in bonds. SoftBan...

  • NTT's share price hits 7,000 yen for first time in 13 years

    TOKYO -- Nippon Telegraph and Telephone's share price on Thursday reached the 7,000 yen ($66) mark for the first time since July 2001, after adjusting for stock splits, thanks to increased shareholder returns and improved domestic profits. The Ja...

  • Insecticide-related stocks on TSE soar on dengue fever

    TOKYO (Kyodo) -- Insecticide-related stocks soared Thursday on the Tokyo Stock Exchange, with major chemical names closing at year-to-date highs, after two more people were reported to have contracted mosquito-borne dengue fever in Japan. Fumaki...

  • Kawasaki Kisen shares up on ambitious ROE target

    TOKYO -- Japanese companies are focusing more on return on equity as they look to woo -- and keep -- foreign investors. Shares in Kawasaki Kisen Kaisha briefly hit a seven-month high of 257 yen Thursday in Tokyo, as The Nikkei reported on Wednesd...

  • Dollar weakens after rally, stays in upper 103 yen before U.S. GDP

    TOKYO (Kyodo) -- The U.S. dollar remained within the upper 103 yen zone in Tokyo on Thursday as traders awaited the release of revised April-June quarter U.S. gross domestic product data, amid position adjustment following the dollar's rapid rise of ...

  • JGBs hit fresh 16-month high as European yields fall

    TOKYO (Dow Jones) -- Investors pushed Japanese government bonds to a fresh 16-month high Thursday, as falling interest rates in Europe and concerns over global economic prospects pushed them into safe-haven sovereign debt. The yield on the benchm...