Tokyo resumed its surge on Thursday, leading a broad Asia rally following another record close on Wall Street, while investors are keeping tabs on a key meeting between Donald Trump and Xi Jinping. Global traders have been emboldened in recent weeks by a ... ( read original story ...)
Top Japanese bank seeks stake in Indonesia’s Bank Danamon
TOKYO -- Bank of Tokyo-Mitsubishi UFJ aims to buy roughly 40% of Indonesia's Bank Danamon with an eye toward a future majority stake, extending its Southeast Asian dealmaking push into the region's most populous country. The Mitsubishi UFJ Financial Group ... ( read original story ...)
The 45th Tokyo Motor Show 2017 Closes on a Successful Note
The 45th Tokyo Motor Show 2017 (organized by the Japan Automobile Manufacturers Association, Inc.), which was held for ten days from October 27 (Friday) through November 5 (Sunday) at Tokyo Big Sight in Ariake, Koto-ku, closed November 5 at 18:00 on a ... ( read original story ...)
As Nikkei Hits Highest Since 1992, Some Say Party Has Just Begun
It’s pick-a-number time for Japanese stock bulls after the Nikkei 225 Stock Average zoomed past 22,666.80 on Tuesday to close at the highest since 1992. Okasan Securities Co. sees 25,000 by March 2019. Martin Malone, a strategist at Mint Partners in ... ( read original story ...)
Last Time the Nikkei Was This High, Japan Was Still Seen Rising
The last time the benchmark Nikkei 225 Stock Average closed around 23,000 yen was weeks after the release of Michael Crichton’s "Rising Sun," the novel about a Japanese conspiracy to take over America. In retrospect, the book was emblematic of the ... ( read original story ...)
Tale of two Trumps poses dilemma for Japan
TOKYO -- Donald Trump's visit to Japan reveals two sides to the American president -- and a challenge for Prime Minister Shinzo Abe in managing the relationship with the U.S. One Trump chose Japan as the first destination in his Asia tour, calling the ... ( read original story ...)
Japan rejects idea of US free-trade deal to fix imbalance
TOKYO -- Japanese Finance Minister Taro Aso said Tuesday that trade imbalances with the United States should be addressed through U.S.-Japan economic dialogue, rather than through a bilateral free-trade agreement. "It is true that the United States runs ... ( read original story ...)
Nikkei jumps to near 26-year high as foreigners buy on strong earnings hopes
TOKYO, Nov 7 (Reuters) - Japan’s Nikkei index jumped to a near 26-year-high on Tuesday morning, as foreign investors piled in on expectations of strong earnings from Japan Inc., while Wall Street’s strength underpinned sentiment. The Nikkei share ... ( read original story ...)
Tokyo’s main stock index closes at quarter-century high
Tokyo's benchmark stock index closed at a quarter-century high on Tuesday, rising by 1.73 percent amid eased concerns over geopolitical risks and on expectations for sound corporate earnings. The Nikkei 225 gained 389.25 points to close at 22,937.60, the ... ( read original story ...)
Japan’s Finance Minister says won’t use FTA to resolve U.S. trade imbalance
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday that Japan would not enter a bilateral free trade agreement (FTA) with the United States as a means to resolve the two countries’ trade imbalance. Speaking to reporters after a cabinet ... ( read original story ...)
Global wind turbine makers target Japan
TOKYO -- Global wind turbine manufacturers are gearing up to capture opportunities in Japan as a number of large wind power projects are finally completing time-consuming environmental impact assessment and starting to seek equipment suppliers. Key players ... ( read original story ...)
Japan, US forge progress on energy as Trump blasts trade gap
TOKYO -- Monday's summit highlighted Washington's carrot-and-stick approach toward Tokyo on trade issues, as President Donald Trump pushed again for Japan to reduce its surplus with the U.S. even as the two sides struck deals on energy and infrastructure ... ( read original story ...)
Nikkei ends flat as banks’ weakness offset Fast Retailing’s gains
TOKYO, Nov 6 (Reuters) - Japan's Nikkei share average ended flat on Monday as weakness in the banking sector offset gains in index-heavy Fast Retailing, while Subaru tumbled after the company cut its annual profit forecasts. The Nikkei ended almost ... ( read original story ...)
Japan’s Nikkei tops 22,750.70 to hit highest level since 1992
TOKYO, Nov 7 (Reuters) - Japan’s Nikkei jumped to a level not seen since 1992 on Tuesday morning as foreign investors chased the market higher on hopes for strong earnings from Japan Inc. The Nikkei share average opened lower but later gained as much as ... ( read original story ...)
CORRECTED-Nikkei at 21-year high; Fast Retailing jumps on sales
TOKYO, Nov 6 (Reuters) - Japan’s Nikkei share average touched a 21-year high on Monday as strong gains in the mining sector and shares such as clothing company Fast Retailing Co offset banking sector weakness. The Nikkei was up 0.01 percent at the end of ... ( read original story ...)
Sagawa Express’ parent to go public in possibly biggest IPO of year
TOKYO (Kyodo) -- The Tokyo Stock Exchange gave approval Monday ... in what could be the largest initial public offering in the country this year. The IPO is expected to value SG Holdings Co. at around 500 billion yen ($4.4 billion), with an assumed ... ( read original story ...)