Business Topics

New 'Bernanke shock' in cards for emerging markets: ex-IMF exec Kato

Emerging markets are at risk of revisiting last year’s “Bernanke shock” should the Federal Reserve signal an end to near-zero interest rates earlier than investors anticipate, according to Takatoshi Kato, once a deputy managing director at the International Monetary Fund. Former Fed Chairman Ben S. Bernanke triggered a rout across ...

| Aug 22, 2014

Nikkei streak ends amid overheating fears

The Nikkei failed to stretch its winning streak to a 10th trading day Friday, pressured by profit-taking selling that reflected concerns over market overheating. The 225-issue index ended down 47.01 points, or 0.30 percent, at 15,539.19 on the Tokyo Stock Exchange. On Thursday, the ...

| Aug 20, 2014

Greenback tops ¥103 in Tokyo

The dollar rose above ¥103 in Tokyo trading Wednesday, thanks to purchases on a stronger-than-expected U.S. economic indicator, as well as speculative buying. At 5 p.m., the dollar stood at ¥103.29-29, up from ¥102.59-60 at the same time Tuesday. The euro was at $1.3293-3293, ...

Aug 20, 2014

Japan securities industry trying to attract youth for NISA

The securities industry is stepping up financial education for young people to promote the NISA small-lot, tax-free investment program introduced in January. The moves are intended to attract newbie investors and future customers. The Japan Securities Dealers Association plans to utilize Saturday classes at ...

| Aug 18, 2014

Greenback weak below ¥102.50

The dollar moved on a weak note below ¥102.50 in Tokyo trading on Monday due chiefly to geopolitical risks over the Ukrainian situation. At 5 p.m., the dollar stood at ¥102.46-47, down slightly from ¥102.52-52 at the same time Friday. The euro was at ...

| Aug 18, 2014

Nikkei climbs for sixth day straight

Tokyo stocks managed to secure gains that stretched its winning streak to a sixth day Monday, although the market lacked a clear direction amid a dearth of fresh incentives. The 225-issue Nikkei stock index added 4.26 points, or 0.03 percent, to close at 15,322.60. ...