Latest Japan News
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Japanese Market Trades Higher On Wall Street Lead Weaker Yen
The Japanese stock market hit a new five-and-a-half year high on Monday, buoyed by Wall Street's gains on Friday and a weaker yen.In late-morning trades, the benchmark Nikkei 225 Index is trading at 15,323.49, up 185.37 or 1.22 percent, after climbing to 15,297.73, the highest intraday level since December 28, 2007.In the banking space, Mitsubishi UFJ Financial (MTU) is adding 0.29 percent ...
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Japans 3 Arrows May Run Into German Wall
It will take more time to see the impact of all that on the real economy. The policy change is much too recent. The new leadership took over at the Bank of Japan on March 20, 2013, and the 10.3 trillion yen ($100 billion) stimulus package, announced on January 11, 2013, is unlikely to have led to instant, "shovel-ready," infrastructure projects. It follows, then, that the ...
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Nikkei bounces by break
(2 mins ago) Stocks in Tokyo gained 1.38 percent with investors encouraged by strong US data and the weaker yen. The benchmark Nikkei 225 index soared 208.89 points to 15,347.01 by the break while the Topix index of all first-section issues climbed 1.38 percent or 17.29 points to ...
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Goldman Sachs to Invest in Japan Green Energy
TOKYO – Goldman Sachs plans to pour about Y300 billion ($2.9 billion) into Japanese renewable energy projects over the next five years, having determined that a long-term scheme here to buy renewables at fixed rates will provide a stable source of income, the Nikkei reported in its Monday morning edition.The U.S. investment bank recently set up a wholly owned renewable energy management ...
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Japan fleets to visit Myanmar in October
A fleet of three training ships carrying young officers of the Japanese Maritime Self-Defense Force will visit Myanmar in early October, Japan's Jiji press quoted informed sources as saying Monday. They will be the first MSDF ships to make a port visit in the Southeast Asian country, according to the sources. Myanmar is located in a strategically important area near a key sea lane leading ...
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Japan to outperform Korea in GDP growth
Japan's economic growth rate is expected to surpass that of Korea for the first time in 15 years as the world's third-largest economy gains momentum based on the yen's rapid depreciation. Japan's economy has been recording unexpected growth over the last couple of years, while Korea has been performing below market expectations, according to data from central banks in Korea ...
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Japan Raises Economic View in May
--Japan government upgrades economic assessment in May for first time in two months --Government raises views on exports, industrial production --Says economy picking up slowly TOKYO--The Japanese government upgraded its assessment of the domestic economy for the first time in two months in its May report, as a pick-up in exports fueled by the weak yen helped improve confidence in ...
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Asia Markets Japan stocks rally but Korean shares underperform
HONG KONG (MarketWatch) -- Japanese stocks rallied to lead Asian markets higher Monday, tracking a positive global lead after U.S. indexes notched another record finish on Friday, although South Korean shares underperformed, weighed by geopolitical ...
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Japan government upgrades economic assessment for first time in two months
TOKYO (Reuters) - Japan's government upgraded its assessment of the economy in May for the first time in two months, in a sign growth is accelerating as exports and factory output pick ...
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Falling yen makes Japanese goods more affordable
Attention, bargain-hunters: Japanese goods - from cars to televisions - are going on sale. Credit Japan's drive to pump cash into its economy to stimulate growth. The extra money flooding its financial system is helping shrink the value of the yen. A U.S. dollar now buys about 100 yen. Last fall, it bought fewer than 80. When the yen's value falls, many Japanese goods become less ...
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Japans low-cost carriers looking to open new domestic intl routes
Japan's three low-cost carriers, coming off a successful Golden Week holiday period, are hoping to increase demand by opening up new routes. Now better known to the public after roughly a year in business, domestic budget carriers are expected to meet with more competition from foreign airlines. Peach Aviation--the nation's first LCC to take to the skies--logged 69,000 customers from ...
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Japan stocks rally at open as exporters surge Nikkei Average up 0.8
HONG KONG (MarketWatch) -- Japanese stocks jumped early Monday on an improved profit outlook, with another record finish for key U.S. benchmarks on Friday aiding several exporters although the yen rebounded from lows against the U.S. ...
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Tokyo stocks open up 0.81
The benchmark Nikkei 225 index was up 122.49 points at 15,260.61 at the start on Monday."Bullish equities markets and the progressively weaker yen should help drive the market to a fresh multi-year high after much profit-taking in the last several sessions," said Hiroichi Nishi, general manager of equities at SMBC Nikko Securities.US stocks closed another week of record highs on Friday ...
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Japan stocks jump in early trade on U.S. cues
HONG KONG (MarketWatch) -- Japanese stocks jumped early Monday on an improved profit outlook, with another record finish for key U.S. benchmarks on Friday aiding several exporters although the yen rebounded from lows against the U.S. ...
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Japanese manufacturers mood turns positive Poll
Prime Minister Shinzo Abe's expansionary policy has generated more confidence in the economy. Increasing optimism among manufacturers was largely driven by exporting sectors, including electric and precision machinery, that have benefited from the weak yen. The mood in the service sector also picked up and was seen rising further as consumers drew confidence, in part, from a surge in share ...
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Nikkei set to scale fresh 5 12-year highs
Shibulal cited the recent Infosys 3.0 strategy as a transformation exercise that could set the company on a high-quality growth path in the long ...
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Japan Biotech Ventures Surge as Abenomics Cash Spurs Speculation
Japanese biotech ventures promising to make jet fuel from algae and to produce synthetic cartilage are soaring in Tokyo trading as cash pumped into the economy by the central bank cascades into speculative investments. Five of the ...
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JPY rallies on comments from Japanese EconMin USD bullish momentum picking up
USD/JPY traded 100 pips lower from the Friday close during early interbank trade after the Japanese EconMin said over the weekend that the Yen correction had gone far enough. The USD index broke above an important technical resistance level at 84.10 on Friday and bullish dollar momentum seems to be picking up some steam. There are no data releases of note on today's calendar and most of the ...
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TABLE-Foreign brokers set to buy Japanese stocks
TOKYO, May 20 (Reuters) - Following are orders for Japanese stocks placed through six foreign securities houses before the start of trade on Monday. Japanese Stocks: BUY 14.0 million ...
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Japan Stock Futures Rise as U.S. Data Tops Estimates Yen Gains
stock futures rose, indicating the Nikkei 225 Stock Average will extend gains that took it the highest level in 5 1/2 years, after U.S. leading indicators and consumer sentiment advanced more than estimated. The yen gained against the dollar. Nikkei 225 Stock Average futures climbed 1.1 percent, after the gauge closed at the highest level since December 2007. The yen climbed as much as ...
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Japan Data On Tap For Monday
Japan is scheduled to release a batch of data on Monday, highlighting a modest day for Asia-Pacific economic activity. On tap are final March figures for the leading and coincident indexes, plus April numbers for machine tool orders, convenience store sales, department store sales and Tokyo condominium sales. In addition, the Cabinet Office will release its monthly economic report for May.The ...
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Analysis - Little sign Abe can shake up Japans inbound FDI
By Stanley WhiteTOKYO (Reuters) - Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades.Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country for companies to do business in" as part of his economic revival plan, which so far has been largely met with ...
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Japans Sham Currency War - The Hidden Objective Behind Japans Massive Kamikaze Quantitative Easing
US$ dollars have been flooding the financial markets ever since Bernanke launched quantitative easing, allegedly to turnaround the US economy. These huge amounts of US$ toilet papers are mainly in financial markets (and in central banks) outside of the United States. A huge chunk is represented as reserves in central banks led by China and Japan. If truth be told, the real value of the US$ ...
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Hashimoto says not to withdraw comfort women remarks
Toru Hashimoto, co-head of Nippon Ishin No Kai (Japan Restoration Party), told Shintaro Ishihara, the other co-leader of the Japanese opposition party, on Sunday that he has no intention to withdraw his recent remarks that have triggered outrage both at home and ...
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Abe to focus on advanced medical technology
Abe showed the plan when he inspected a new cancer therapy center in Tosu, Saga Prefecture, southwestern Japan, where heavy ion beam will be used to destroy cancerous tissues in a method called radiotherapy. Abe pointed out that when he toured Russia and some Middle East nations recently, he heard officials of these countries say they want to introduce Japan's advanced ...
Osaka Digest
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Osaka sees first InterContinental hotel built
Osaka is a major travel destination within Japan and the wider Asian region for business travelers and leisure tourists alike. The city is an economic powerhouse and part of the backbone of the Japanese economy. It makes sense for InterContinental to finally open a hotel here then.
Osaka is the second command center of the Japanese economy after Tokyo, with a daytime and nighttime population that reflects the massive draw of the city as an economic powerhouse. Read more
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