Business Topics

| Aug 1, 2014

Dollar nears ¥103 on U.S. hopes

The dollar gained further ground in trading Friday, rising to near ¥103 thanks to hopes for a U.S. economic recovery. At 5 p.m., the dollar stood at ¥102.94-95, up from ¥102.85-86 at the same time Thursday. The euro was at $1.3378-3380, down from $1.3395-3396, ...

Jul 30, 2014

NISA accounts estimated to reach 8.15 million by year-end

The number of tax-sheltering Nippon Individual Savings Accounts (NISA), including applications, is expected to reach 8.15 million by the end of 2014, the Nomura Research Institute said in a recent survey. There were 6.5 million NISA accounts at the end of March 2014, according ...

| Jul 29, 2014

Greenback briefly eclipses ¥102

The dollar briefly topped ¥102 in late Tokyo trading Tuesday, aided by upbeat Tokyo stocks amid a persistent wait-and-see mood before releases later this week of a series of crucial U.S. economic data. At 5 p.m., the dollar was at ¥101.90-90, up from ¥101.87-87 ...

| Jul 29, 2014

Nikkei closes at six-month high

The Nikkei 225 average ended at a fresh six-month high above 15,600 on Tuesday, buoyed by purchases amid the yen’s weakness against other major currencies and robust performances of other Asian equities. The Nikkei rose 88.67 points, or 0.57 percent, to 15,618.07. It last ...

Jul 29, 2014

Kenya may sell Samurai bonds in drive to boost external debt

Kenya, East Africa’s largest economy, is considering selling Samurai bonds this fiscal year as the government prepares to raise its target for borrowing on external markets, Treasury Secretary Henry Rotich said. In addition to yen-dominated notes, the country may also offer foreign investors sukuk ...

| Jul 28, 2014

Dollar range-bound near ¥101.88

The dollar was range-bound below ¥102 in Tokyo trading Monday, with players retreating to the sidelines ahead of key U.S. economic events this week. At 5 p.m., the dollar was at ¥101.87-87, down from ¥101.89-90 at the same time Friday. The euro stood at ...