| Japan Market Update Archive: |
|
BoJ Left Rate at 0.5%, March Production Declines
Apr 30, 4:42 PM EDT |
|
| Industrial production in March declined from February and from a year ago and is expected to decline in April before it recovers in May. |
|
| The Bank of Japan left its key rate unchanged at 0.5% as economy continues to remain sluggish. Inflationary pressures are on the rise but retail sales remain weak. Japan, in a near 11 year economic slump is now facing inflation from the outside world as commodities and food prices rise. March industrial production declined compared to February and from a year ago. Production is likely to fall further in April. Matsushita surged 14% after it forecasted 10% rise in the current year profit. |
|
|
Full
Story... |
| |
March Retail Sales in Japan Rise 1.1%
Apr 28, 1:18 PM EDT |
|
| Stocks in Japan edged higher after reports that Matushita may take a stake in Sanyo Electric. Crude oil futures in the region edged higher. |
|
| March retail sales in Japan rose 1.1% from a year earlier and added 0.5% form February. Local media report sugeested that Matsushita Electric may take a stake in Sanyo Electric and purchase 300 billion yen of preferred stocks from Goldman Sachs at a discount. Stocks in Japan gained on the speculation that credit market related losses are not likely to rise after UBS upgraded its opinion on U.S. banks. Yahoo Japan fell 10% and led decliners in the Nikkei 225 index. |
|
|
Full
Story... |
| |
Honda, Nomura Earnings Fall
Apr 25, 3:39 PM EDT |
|
| Core consumer prices in March in Japan rose 1.2% after rising at a rate of 1% in February. |
|
| Nomura Holdings reported first quarter loss of 154 billion yen compared to a profit of 33 billion yen from a year ago. The largest brokerage firm in Japan set aside $1.5 billion to cover bond insurance losses. Nomura fell 12% and dragged Daiwa Securities 9% as well. Quarterly trading revenue declined 80%. For the year 2007 Nomura reported a loss of 68 billion yen compared to a gain of 176 billion yen in 2006. |
|
|
Full
Story... |
| |
JFE, Fanuc Earnings Drive Stocks Lower
Apr 24, 8:42 AM EDT |
|
| Nippon Sheet Glass, Daiwa House, and Osaka Gas led the gainers in Nikkei 225 index shares. |
|
| Stocks in Japan edged lower after JFE Holdings reported revenue rise of 8.6% and earnings decline of 12.6%. The company also hinted that a sharp rise in raw materials costs from Australia will force it to revise prices of steel products higher and did not give earnings guidance for the rest of the year. Fanuc also estimated 4.6% decline in operating income. The BOJ reported March corporate services price index rose 0.4% after rising 0.7% in February. |
|
|
Full
Story... |
| |
Japan Trade Surplus Shrinks
Apr 23, 5:24 PM EDT |
|
| March trade surplus declined 30.2% to 1.12 trillion yen but exports to the U.S. fell 11% and to China and EU rose more than 3%. |
|
| Stocks in Japan advanced spurred by rising crude oil prices on growing demand from China and supply constraints from Iraq and Nigeria. In Tokyo trading Nikkei 225 rose 0.23% or 31.34 to 13,579.16, and the broader Topix Index increased 0.2% or 2.93 at 1,314.39.Exports in March grew 2.3% from the same period a year ago compared with 8.7% rise in February. Imports in March surged 11.1% on rising oil and materials costs. |
|
|
Full
Story... |
| |
Stocks in Japan Fall
Apr 22, 5:32 PM EDT |
|
| International companies are looking to issue more bonds in Japan to take advantage of low interest rate. |
|
| Stocks in Japan continue to trade volatile and in the shadow of the U.S. market average trading. Nikkei 225 fell 1.1% to 13,547 after earnings from Bank of America and Texas Instruments dragged tech and financial stocks. Analysts also lowered outlook on Sony on the ongoing volatility in yen. More international companies are looking to issue bonds in yen. Bank of Canada was the latest in its samurai bonds. For the year nearly 1 trillion in yen bonds were issues by foreign companies. |
|
|
Full
Story... |
| |
Nikkei Index in Tokyo Rises
Apr 21, 4:37 PM EDT |
|
| Stocks in Tokyo edged higher after a string of positive earnings from seveal U.S. companies. Weak yen also lifted Honda and other exporters. |
|
| Stocks in Tokyo edged higher on growing speculation that U.S. subprime loan losses may remain at current levels. Strong earnings from Caterpillar lifted stocks of Kubota and Komatsu. Honda led gainers in the Nikkei 225 index with a surge of 8% followed by a rise of 7% in NEC. Chip maker, NEC reported better than expected operating profit in 2007. |
|
|
Full
Story... |
| |
Exporters, Shippers Rebound in Tokyo
Apr 18, 4:29 PM EDT |
|
| Regional economic survey from the Bank of Japan noted that eight of the nine regions reported sluggish or declining economic activites. |
|
| Stocks in Japan edged higher on the optimism that global economy may not weaken further. Nikkei 225 rose 0.6% to 13,476.45, a 1.2% gain for the week, and the broader Topix Index increased 0.8% to 1,304.06. The yen weakened further to close at 102.36 yen to a dollar. Shipping lines, banks and export sensitive stocks close higher. The Bank of Japan in its region survey noted that eight of the nine regions are experiencing sluggish economic activities. |
|
|
Full
Story... |
| |
Banks, Shippers Advance in Tokyo
Apr 17, 3:50 PM EDT |
|
| Stocks recovered on the hope that current credit markets turmoil and housing market decline in the U.S. may stabilize by the end of the year. |
|
| Stocks in Japan and Asia rose after earnings from several U.S. banks and large multinational companies met expectations. In Tokyo trading Nikkei 225 rose 1.92% at 13,398.30, and the broader Topix Index gained 1.7% to 1,293.32. METI reported that industrial production in February rose 1.6% and shipment increased 1.2% and inventories added 0.19%. Asahi Glass will close several factories in the U.S. and Canada as demand for glass products decline on the slump in the U.S. housing market. |
|
|
Full
Story... |
| |
Nikkei in Japan Rises
Apr 16, 1:16 PM EDT |
|
| Stocks in Japan edged higher after comments from Lehman Bros eased credit market concernes. |
|
| Stocks in Japan rose after the credit market worries eased and earnings from Intel lifted tech stocks. In Tokyo trading Nikkei 225 rose 1.2% or 155.55 to 13,146.13, and the broader Topix Index gained 1.4% or 17.59 to 1,273.56. Electric utilities have initiated contract negotiations with Xstrata and hope keep the coal at prices level from Australia. |
|
|
Full
Story... |
| |
1
2
3
4
5
6
7
8
9
10
|
|
