| Japan Market Update Archive: |
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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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Japan Machinery Orders Rise
Mar 10, 6:52 PM EDT |
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| Machinery orders in Japan rose in January after declining in December. Stocks in Tokyo fell on the ongoing worries related to exports to the U.S. |
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| January machinery orders received by the 280 manufacturers operating in Japan rose by 26.5% to 3.1 trillion yen in January from a 6.8% decline or 2.4 trillion yen in December. Domestic machinery orders, excluding from ships and power companies rose 19.6% to 1.2 trillion. Stocks in Japan fell despite a rise in orders on the ongoing worries related to the health of the U.S. economy. Sumitomo Metal Mining led decliners in the Nikkei 225 index shares with a drop of 10.61%. |
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Nikkei Down 6%, Rate at 0.5%, Reserves at $1 T
Mar 07, 9:43 AM EST |
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| Government today forwarded the name of Toshiro Muto to the Diet as its nomination to replace Toshihiko Fukui as the Bank of Japan Governor. |
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| Stocks in Tokyo declined as financial markets worried that the ongoing U.S. economic slowdown will impact exports from Japan. The new foreclosure data in the U.S. suggested record rise in filings and outlook for the rest of the year is gloomy. Nikkei 225 fell 3.27% or 432.62 to 12,782.80 down 6% for the week, and the broader Topix Index tumbled 3.1% or 39.78 to 1,247.77. |
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Leading Indicators Index Declines
Mar 06, 4:51 PM EST |
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| Economic index declined to 30% in Japan indicating a sharp slowdown in economic growth as manufacturers curtail exports to the U.S. |
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| Leading indicators index of the Japan economy in January declined indicating economic slowdown. Only a day ago the government had reported a decline in capital spending and consumer confidence is on the decline. Despite the gloomy economic statistics, stocks rose tracking the gains in the U.S. markets. Amgen will pay $100 million to Kyowa Hakko for the rights to inflammation in non-oncology setting. The license may be expanded with the additional payment of $420 million. |
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Fear of Subprime Losses in Japan
Mar 05, 8:20 AM EST |
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| The Bank of Japan meets on Friday to discuss interest rate for the last time before the current governor term expires. |
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| Capital spending in the fourth quarter declined 7.3% as businesses curtailed their budget. The higher than expected decline in spending and rising worries related to subprime losses in Japan dragged market averages lower. Nikkei 225 index declined 0.16% or 20.22 to 12,972.06. Of the index stocks, 124 stocks declined and 89 gained. Marubeni led the gainers in the index with a rise of 8.5% and Okuma Corp led the decliners with a loss of 4.6%. |
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Japan Worries Sudden Rise in Yen
Mar 04, 9:02 AM EST |
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| Stocks in Japan struggled on the rising yen. Pioneer Corp surged 11.5% after it decided to exit flat panel production. |
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| Stocks in Japan closed unchaged after volatile trading. Yen rose against dollar as oil, commodities, and precious and base metals rallied. Economic and Fiscal Policy Minister Ota that a sudden rise in yen will lower corporate profits. Worldwide declared lossed related to subprime loans are now estimated at $200 billion. |
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Stocks in Tokyo Fall 4.5%
Mar 03, 8:12 AM EST |
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| Stocks in Japan fell sharply tracking losses in the U.S. Dollar reached recent decades low against several currencies in Asia. |
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| Stocks in Japan fell sharply on widening credit market losses as Takefuji Corp became the first Japanese consumer lender to be caught up in the credit market turmoil. Fears that the U.S. will fall into a recession and a sharp decline of dollar against Asian currencies sparked worries of slowing exports and rising inflation. |
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CPI and Household Spending Rises in Japan
Feb 29, 8:33 AM EST |
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| For the fourth month in a row, core consumer price index in Japan rose. Household spending rose at a faster pace in January. Jobless rate at 3.8%. |
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| January core consumer price index rose at 0.8% from a year ago, the fourth monthly rise. Rising food and energy prices are lifting prices across Japan. The nationwide CPI which includes fresh food prices rose at slower pace by 0.7%. Monthly household spending in January rose 3.6%, at a slower pace in December rate of 2.2%. January jobless rate was 3.8%, same as in December month. |
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Factory Index Declines, Tokyo Stocks Down
Feb 28, 9:28 AM EST |
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| Stocks in Japan fell afte the January manufacturing index fell. The dollar declined agaist euro and yen as recession worries mounted. |
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| January factory index fell 2% from December but for the year the index rose 2.5%. The decline in manuafacturing prompted worries of economic slowdwn. Nikkei 225 index declined 0.75% or 105.79 to 13,925.51. Aeon Corp reported its net income for the year of 44 billion yen, lower than its estimate of 60 billion yen. |
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