| Japan Market Update Archive: |
|
Tokyo Stocks Rebound; Automakers Rise
Jun 04, 7:43 PM EDT |
|
| Fast Retailing revised higher its operating profit for the year target to 83 billion yen from 80.1 billion yen. |
|
| Stocks in Tokyo gained ground after yen fell and metals and crude oil prices fell. Nikkei 225 rose 1.59% or 226.4 at 14,435.57, while the broader Topix Index increased 1.6% or 23.03 at 1.430.47. Capital spending declined for the fourth straight quarter by 5.3% in the three months ending March. The decline was smaller than estimated by economists. |
|
|
Full
Story... |
| |
Financials Drag Nikkei Index Lower
Jun 03, 12:20 AM EDT |
|
| Total losses at financial institution in Japan from subprime lending are estimated at 1.8 trillion, the recent downgrades may increase losses. |
|
| Japan stock indexes traded in negative territory after a rising yen affected exporters and realty stocks plummeted on signs of tightening credit markets. In Tokyo trading Nikkei 225 declined 1.6% or 230.97 at 14,209.17, and the broader Topix Index fell 1.2% or 17.66 at 1,407.44. Subprime losses from the US loans at Japanese financial companies total 1.8 trillion yen at the end of March 2008 quarter. |
|
|
Full
Story... |
| |
Financials, Shippers Lift Tokyo Stocks
Jun 02, 2:40 PM EDT |
|
| Stocks in financial, commodities, and shipping services gained. Crude oil and metals prices edged higher. |
|
| In Tokyo trading a gain in financial and commodities stocks lifted market indexes. The government reported wages in April rose 0.6% from a revised rise of 1.5% in March to 281,246 yen. The number of hours worked per person in the month was unchanged at 154.5 and number of full time employees increased 1.7% to 44.8 million. |
|
|
Full
Story... |
| |
Lower Oil and Gold Prices Drag Japan Stocks
May 28, 4:36 PM EDT |
|
| Mitsubishi, which derives half of its profit from commodities, and Japan Petroleum Exploration plunged to a two-week low. |
|
| The Nikkei 225 Stock Average lost 1.3% to close at 13,709.44 in Tokyo. The broader Topix index declined 1.4% to 1,348.69. Trading companies accounted for large decline in Topix index. The Topix Mining Index saw the steepest decline among industry groups on the index. Aeon Mall Co. climbed 6.2% to 3,450 yen. NEC Electronics added 3% to 2,370 yen, after announcing plans to spend 10 billion yen to double its production capacity for 300-millimeter wafers. |
|
|
Full
Story... |
| |
Japan Bonds Decline, Oil Rises
May 27, 8:53 AM EDT |
|
| Japan indexes rose led by paper companies on expectations that they will be able to weather the effect of higher raw material and commodity prices. |
|
| In Tokyo trading Nikkei 225 rose 1.48% or 203.12 to 13,893.31, and the broader Topix Index gained 1.8% or 24.07 to 1,368.25. Of the Nikkei 225 stocks 181 gained, 37 declined, and 7 were unchanged. Mitsubishi Paper Co. led advancers in the index shares with a rise of 9.05% on news strong demand for paper products is prompting major Japanese papermakers to bolster their wood chip procurement capabilities. |
|
|
Full
Story... |
| |
The Rising Yen Hits Exporters in Japan
May 26, 9:26 AM EDT |
|
| Big banks and property companies declined significantly, with Mitsui Fudosan losing 3.8% and leasing company Orix down 2.8%, to 17,520 yen. |
|
| The ongoing concern over inflation persisted in Japan as oil prices remained high. The Nikkei 225 index dropped 322.01 points, or 2.3% to 13,690.19. Crude oil futures increased to a record above $135 a barrel last week and were trading above US$133 a barrel in Asian electronic trading late Monday. Sony Corp. declined 2.6% while electronics maker Kyocera Corp. slid 2.1%. The dollar was trading at 103.31 yen Monday afternoon. Major exporters lost ground with Canon down by 3.3%, to 5,260 yen. |
|
|
Full
Story... |
| |
Nippon Sheet Glass Plunge 8%
May 23, 7:42 PM EDT |
|
| Nippon Sheet Glass issued earnings warning and estimated earnings decline of 60% to 20 billion yen. |
|
| Japanese stock indexes were mixed as exporters rose after the yen weakened and Chugai Pharmaceutical Co increased as Roche said it will shore up its stake in the company. However gains were trimmed by weak commodity stocks as metal and crude oil prices slumped. In Tokyo trading Nikkei 225 rose 0.24% or 33.74 at 14,012.20, and the Topix Index declined 0.2% or 2.98 to 1,376.69. |
|
|
Full
Story... |
| |
April Trade Surplus Declines, Stocks Fall
May 22, 8:37 PM EDT |
|
| Stocks in Japan fell on the surge in crude oil price and rising energy import bill. April trade surplus fell 46% as exports to the U.S. declined. |
|
| Stocks in Japan rose after a government report showed that exports rose more than forecasted in April buoyed by shipments to emerging economies. Japan’s exports expand 4% in April but trade surplus drops 46.3%. Exports to the U.S. fell 9.1%, the eighth monthly decline, and imports from the country fell 6.7%. Exports to Asia and China rose. |
|
|
Full
Story... |
| |
Weak Financials Drag Nikkei
May 21, 3:42 PM EDT |
|
| A group of banks in Japan extend credit facility to Venezuela to expand refineries. |
|
| Weak financial stocks led market indexes in Japan lower. Oppenheimer & Company forecasted $170 billion of additional write-off at financial institutions by the end of 2009. The additional losses at banks in the U.S. will likely lead to another round of losses at banks in Japan. Mitsui & Company led consortium has agreed to extend loan of as much as $3.4 billion to Venezuela to expand refineries. |
|
|
Full
Story... |
| |
BoJ Left Rates at 0.5%, Nikkei Falls
May 20, 4:30 PM EDT |
|
| The Bank of Japan left its key rate at 0.5%. The demand for services in March rose 0.3%. |
|
| Stocks in Japan declined on the worries that the current U.S. credit market malaise in the U.S. could drag earnings of Japanese companies. Nikkei 225 index fell 0.8% to 14,160. According to a report issued by the Ministry of Industry and Trade, demand for services in March rose 0.3% after a revised demand increase of 1.6% in February. The Bank of Japan left its key interest rate at 0.5% and said that corporate profits are leveling and economic growth is slowing on rising commodities prices. |
|
|
Full
Story... |
| |
1
2
3
4
5
6
7
8
9
10
|
|
