| Japan Market Update Archive: |
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Japan Trade Surplus Up 0.9%
Mar 26, 5:08 PM EDT |
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| Japan stock market indexes edged lower but metals and trading companies gained. Japan trade surplus edged up on rising exports to emerging markets. |
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| Trade surplus of Japan in February increased 0.9% from a year ago on rising exports to emerging markets and China. Imports increased 10.1% and exports rose 8.7%. Trade with the U.S. generated 70% of total trade surplus. Exports to the U.S. fell 6% and imports increased 3.7% generating a surplus of nearly $7 billion in the month, underscoring its dependence on the U.S. demand. |
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Nikkei Rises 2% in Asia Rally
Mar 25, 12:45 PM EDT |
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| Japan stocks rallied after February home sales in the U.S. gained and JP Morgan lifted its bid for Bear Stearns. |
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| Tokyo stocks rallied on the back of higher closing in the U.S. in Monday trading. Banks and brokerage stocks led the advancing issues. In Tokyo trading, Nikkei 225 rose 2.12% or 265.13 at 12,745.22, and the broader Topix Index increased 1.5% or 18.83 to 1,242.98. Nippon Glass forecasted 20% rise in sales and 50% surge in operating profit on higher demand in the next fiscal year. |
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Japan Leads Asia Rally
Mar 19, 4:48 PM EDT |
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| The Bank of Japan is likely to be without a governor for the first time since the World War II. |
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| Stocks in Japan rallied tracking the gains in the U.S. Other Asian markets gained as well. The Federal Reserve Bank lowered its benchmark rate 0.75% to 2.25%, lowest in the last three years. The decision lifted financial stocks in Japan and across Asia. In Tokyo trading Nikkei 225 increased 2.48% or 296.28 to 12,260.44, and the broader Topix Index gained 2.8% or 32.67 to 1,196.30. |
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Asian Markets Rally, Dollar Gains
Mar 18, 9:51 PM EDT |
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| Hong Kong lowered its rate by 0.75% matching the cut by the Federal Reserve Bank in the U.S. |
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| Asian stock markets rallied tracking large gains in the U.S. stocks. DS&P 500 and Nasdaq surged 4% and Dow Jones added 3.5%. U.S. lowered its benchmark rate by 0.75% to 2.25%, lowest since February 2005. Lehman Brothers and Goldman Sachs reported lower earnings but beat the estimates lifting bank stocks. The surge in financial stocks in the U.S. and Europe is reflected in the Asian markets trading. Banks, brokers, and insurance companies are tradng higher. |
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Tokyo Stocks Rise, BOJ Stalement
Mar 18, 8:11 PM EDT |
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| Tokyo stocks advanced as politicians failed to agree on a nominee for the top position at the Bank of Japan. |
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| The Bank of Japan governor position is likely to remain vacant if a compromise between the ruling party and DPJ is not reached by tomorrow. The vacuum at the central bank in Japan will send a wrong signal to the world financial markets at a time when investors are jittery and inflation is on the rise. NTT lowered its revenue and earnings guidance for the current year. |
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Tokyo Down 3.7% On Bear Fire Sale
Mar 17, 6:34 PM EDT |
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| Dazed investors in Japan sold stocks as the news of fire sale of Bear Stearns made rounds in the region. |
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| Stocks in Japan and in Asia plunged after the fire sale of Bear Stearns, the fifth largest investment bank in the U.S. to JP Morgan. The news sent shock waves in the financial markets in Asia with Mumbai, Shanghai, Hong Kong, and Tokyo declining sharply. In Tokyo trading Nikkei 225 declined 3.71% or 454.09 to 11,787.51, and the broader Topix Index fell 3.7% or 43.58 at 1,149.65. |
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Strength in Yen Lowers Growth in Japan
Mar 14, 9:26 AM EDT |
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| Investors in Japan are facing a mix of strength in yen, lack of growth in exports, and rising food and energy prices. |
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| Investors are increasingly grappling with a possibility of a recession in Japan if the U.S. demand for Japanese goods keeps falling. Japan, which relies on exports for most of its economic growth, may be the first nation to enter into a recession following the U.S. Most economists believe that the U.S. is already into a recession. Rising yen against the dollar will hurt corporate profits and inflation in food and energy prices will crimp disposable income. |
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Consumer Confidence Declines
Mar 13, 11:52 PM EDT |
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| Stocks in Japan fell after consumer confidence fell in February to a five year low sparking worries of economic slowdown. |
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| Stocks in Japan fell in Thursday trading after the consumer confidence declined and crude oil price reached another record. The dollar also fell to a 12-year low against yen after it dipped below 100 yen mark. In Tokyo trading Nikkei 225 plunged 3.33% or 427.69 to 12,433.44, and the broader Topix Index fell 3.1% or 39.26 to 1,215.87. |
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Japan GDP Up 3.5%, Stocks Rise 2.3%
Mar 12, 4:48 PM EDT |
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| Fourth quarter GDP in Japan rose at 3.5% and for the year 2007, Real GDP rose at 2.1%. GDP in 2006 rose at 2.4% and in 2005 at 1.9%. |
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| Fourth quarter economic growth in Japan was reported by the Cabinet office at 3.5% beating the estimates of 2.2% or more. The sharp rise in GDP was driven by consumption and growing exports. Separately, The Bank of Japan reported domestic corporate goods price index rose 3.4% in February and export price index fell 5.2%. Nikkei 225 index gained 2.29% or 259.6 at 12,947.88, and the broader Topix Index rose 1.6% or 19.98 to 1,255.13. |
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Volatile Tokyo Stocks
Mar 11, 4:41 PM EDT |
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| Tokyo stocks edged higher after a volatile trading. Government asked NTT DoCoMo to lower its connection fee. |
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| Stock averages in Japan rebounded after investors looked for bargains in commodity-related stocks that have traded lower in the recent weeks. In Tokyo trading Nikkei 225 gained 0.05% or 6.54 to 12,538.67, and the broader Topix Index rose 0.9% or 10.76 to 1,235.15. Sky Perfect JSAT led advancers in the Nikkei 225 index shares with a rise of 10.93%. Ajinomoto Co. Inc led decliners with a fall of 4.61%. |
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