Tokyo Market

Market sees 2 rounds of BOJ easing within a year

TOKYO -- In the wake of the British vote to exit the European Union, financial markets expect the Bank of Japan to expand its monetary easing program twice within the next 12 months to cope with the potential fallout.The outlook is supported by overn...

  • Ultralong JGBs spiral to record lows; zero yield feared

    TOKYO -- Yields on 20- and 30-year Japanese government bonds sank to new lows Monday as investors flocked to the safe-haven asset after the U.K. voted to leave the European Union last week.The benchmark yield on 20-year JGBs slid to 0.08%, while the ...

  • Earnings preview

    Hisamitsu Pharma profit seen 13% slimmer

    TOKYO -- Hisamitsu Pharmaceutical's operating profit apparently took a 13% hit for the March-May quarter as cuts to prescription drug prices mandated by the government bruised sales of mainline products.The drugmaker likely earned around 5 billion ye...

  • Earnings preview

    Yondoshi seen posting record first-quarter profit

    TOKYO -- Jewelry store operator Yondoshi Holdings will likely report a group pretax profit of nearly 1.9 billion yen ($18.6 million) for the March-May quarter, up 10% from a year earlier and a new record.Overall sales at the Japanese company apparent...

  • Market Scramble: Lingering fears make for narrow-based rebound

    TOKYO -- Japanese blue chips' 2% bounce Monday may look like a sign of calm returning to a market shaken by the British vote to exit the European Union. But the fact that buying remained confined mainly to defensive stocks, despite rising valuations,...

  • Japan to ensure market liquidity amid Brexit jitters

    TOKYO -- In the wake of last Thursday's British vote to leave the European Union, Japanese government and central bank officials confirmed the need to ensure market liquidity at an emergency meeting held on Monday morning. The government will closely...

  • Nikkei index rises over 2% after tumbling on "Brexit" vote

    TOKYO (Kyodo) -- Tokyo stocks staged a sharp rebound Monday, with the Nikkei index finishing up over 2 percent, as investors sought shares battered before the weekend by Britain's vote to leave the European Union and sentiment brightened on the Japan...

  • Superlong JGBs rise on Brexit shock

    TOKYO (Dow Jones) -- Superlong Japanese government bonds were higher Monday, with 20- and 30-year note yields again hitting record lows, as the lingering shock after the U.K.'s vote to leave the European Union prompted investors to buy these positive...

  • ROE quality key to investor satisfaction

    TOKYO -- With investors casting a sterner eye on quality, it appears that simply raising return on equity is no longer enough to keep them satisfied. On a June visit to the head office of Kansai Paint in Osaka, western Japan, one institutional invest...

  • Tokyo stocks rebound in morning after plummeting on Brexit vote

    TOKYO (Kyodo) -- Tokyo stocks rebounded Monday morning as investors scooped up shares after their sharp drops before the weekend on Britain's decision to leave the European Union, with concerns easing after the Japanese government said it will take a...

  • Tokyo stocks open higher after plunging on Brexit vote

    TOYKO (Kyodo) -- Tokyo stocks opened higher Monday as investors sought battered shares after they plunged before the weekend following the British decision to leave the European Union in a referendum.In the first 15 minutes of trading, the 225-issue ...

  • Nikkei gains, led by pharma, construction, food stocks -- market

    TOKYO (Dow Jones) -- Japanese stocks are up, led by domestic demand driven stocks such as pharmaceutical, construction, and food stocks. Uncertainty remains over European business environment after the U.K.'s vote to exit the European Union last week...

  • Dollar trades in lower 102 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 102 yen range early Monday morning in Tokyo, little changed from before the weekend in New York, where the yen rose on risk aversion after Britain voted to leave the European Union in a referendum....

  • More market undulations ahead

    TOKYO -- Investors should expect yet more turmoil next week as the Brexit shock continues to shake financial markets.Britain's decision on Thursday to leave the European Union has clouded the financial markets with a number of unknowns, including how...

  • Brexit vote seen hurting Japan via stronger yen

    TOKYO -- The U.K.'s decision to leave the European Union will reduce Japanese GDP growth by 0.1 to 1 percentage point, private-sector estimates show, as a strenthening yen and slumping stocks erode exporters' profits, slow wage growth and dampen cons...

  • Sharp sinks to 50-year low on demotion to second section

    OSAKA -- Sharp shares plunged Friday to their lowest since November 1965 on news that it will drop to the Tokyo Stock Exchange's second section in August due to a negative net worth.The stock opened ask-only and remained below its previous close all ...

  • Takashimaya profit down 44% as tourist influx slows

    TOKYO -- Department store operator Takashimaya's net profit plunged 44% on the year to 3.5 billion yen ($34.1 million) for the three months ended May 31 as spending by foreigners lost momentum.Operating revenue -- the equivalent of sales -- came in r...

  • Japan shares with UK stakes pounded in Brexit sell-off

    TOKYO -- On a day when the U.K.'s unexpected choice to leave the European Union crashed the Japanese stock market, companies that have made big British acquisitions in recent years stood out among the worst performers.Shares in Nippon Sheet Glass, wh...

  • Tokyo investors run for the Brexit; stocks slide 8%

    TOKYO -- Asian stock markets slid across the board on Friday, led by a near 8% fall in Japan, as Britain voted to leave the European Union in a referendum.The Nikkei 225 ended the day 7.9% lower at 14,952.02, its lowest in 20 months. The 1,286.33-poi...

  • Asian company shares reeling after 'Brexit' vote

    Britain's projected vote to leave the European Union hit Asian company shares hard on Friday, amid concerns it could spark operational upheaval and heighten financial risks for companies invested there.From Japanese auto makers to Indian conglomerate...