Business Topics

| Jun 1, 2015

Greenback hovers above ¥124

The dollar was solid above ¥124 in Tokyo trading late Monday, thanks chiefly to buybacks triggered by a rebound in Tokyo stock prices from morning weakness. At 5 p.m., the dollar stood at ¥124.16-16, up from ¥123.74-75 the same time Friday. The euro was ...

| May 29, 2015

Dollar firmer above ¥123.50

The dollar held firm above ¥123.50 in Tokyo trading on Friday, helped by lingering speculation about an interest rate hike by the U.S. Federal Reserve later this year. At 5 p.m., the dollar was at ¥123.74-75, up from ¥123.64-64 at the same time Thursday. ...

May 29, 2015

Volatile forex movements undesirable, Aso, Lew agree

The Japanese and U.S. finance chiefs agreed Thursday that volatile movements in foreign exchange markets are undesirable in the wake of the recent fall of the yen’s value against the dollar to a 12½-year low. Finance Minister Taro Aso told reporters after meeting with ...

| May 28, 2015

Nikkei's win streak longest since '88

The key Nikkei average rose for a 10th consecutive trading day — its longest winning streak in about 27 years — to rewrite its 15-year closing high for a seventh straight session Thursday. Inspired by higher overseas equities and the yen’s weakness, 225-issue Nikkei ...

| May 26, 2015

Dollar at 8-year-high above ¥122.50

The dollar jumped to eight-year-highs above ¥122.50 in Tokyo trading late Tuesday as speculative purchases by some traders prompted others to cover dollar-short positions to limit losses. At 5 p.m., the dollar stood at ¥122.52-53, up from ¥121.63-63 at the same time Monday. The ...

| May 26, 2015

Nikkei closes at new 15-year-high

The Nikkei rewrote its highest finish in some 15 years for the fifth straight session Tuesday, led by buying stemming from strong hopes for economic recovery and brisk corporate earnings in Japan. The Nikkei average inched up 23.71 points, or 0.12 percent, to end ...

| May 25, 2015

Nikkei ends higher for fourth session

The benchmark Nikkei average rewrote its 15-year closing high for the fourth straight session on the Tokyo Stock Exchange on Monday, boosted by purchases of export-oriented issues on the back of the yen’s weakening against the dollar. The 225-issue Nikkei average climbed 149.36 points, ...