Business Topics

Apr 26, 2013

Nikkei keeps climbing, surpasses 13,900 mark

Stocks climbed higher Thursday on the back of investors’ strong buying appetite, allowing the Nikkei 225 to end above 13,900. The key gauge rose 82.62 points to close at 13,926.08, its best finish since June 20, 2008. On Wednesday, the Nikkei surged 313.81 points. ...

Apr 26, 2013

Dollar dips ahead of key events

The dollar fell below ¥99.30 in Tokyo on Thursday as profit-taking intensified ahead of major economic events Friday. At 5 p.m., the dollar was quoted at ¥99.20-24, down from ¥99.50-50 at the same time Wednesday. The euro stood at $1.3031-3032, up from $1.2991-2994, and ...

Apr 25, 2013

Nikkei climbs to highest close since June 2008

Stocks rose sharply Wednesday, boosted by rosy U.S. equities and a weakening of the yen. The Nikkei 225 average surged 313.81 points, or 2.32 percent, to end at the day’s high of 13,843.46, its best close since June 24, 2008. The Topix shot up ...

Apr 25, 2013

Greenback bounces back to ¥99.50

The dollar firmed at around ¥99.50 in Tokyo late Wednesday as dollar purchases were spurred by higher stock prices in and outside Japan, as well as brisk U.S. economic data. At 5 p.m., the dollar was quoted at ¥99.50-50, up from ¥98.63-67 at the ...

Apr 24, 2013

Dollar falls on sluggish offshore data

The dollar fell below ¥99 in Tokyo on Tuesday, dampened by sales that stemmed from sluggish economic indicators in the United States and China. At 5 p.m., the dollar was quoted at ¥98.63-67, down from ¥99.69-70 at the same time Monday. The euro stood ...

Apr 24, 2013

More listed firms split stock to make shares affordable

An increasing number of listed companies are implementing stock splits to make their shares more affordable to individual investors. This year alone, 148 listed companies carried out stock splits or announced plans to do so, according to a Jiji Press survey. Just 139 companies ...

Apr 24, 2013

Nikkei slips into negative territory on yen's rise

Stocks turned lower Tuesday, pressured by profit-taking amid the yen’s strengthening against other major currencies. The Nikkei 225 closed down 38.72 points at 13,529.65. On Monday, the key market gauge surged 251.89 points. The Topix slumped 1.82 points to end at 1,143.78 after rising ...

Apr 19, 2013

Dollar moves little before G-20 meet

The dollar hovered around ¥98 in Tokyo trading late Thursday as traders awaited a meeting of the Group of 20 finance ministers and central bank chiefs. At 5 p.m., the dollar stood at ¥97.99-99, against ¥98.11-12 at the same time Wednesday. The euro was ...

Apr 19, 2013

Nikkei pulls back on Wall Street drop, firmer yen

Stocks retreated Thursday, pressured by a lackluster performance from U.S. equities and a rise in the yen against the dollar and euro. The Nikkei 225 average closed down 162.82 points, or 1.22 percent, at 13,220.07. The Topix retreated 13.04 points, or 1.15 percent, to ...

Apr 18, 2013

Nikkei breaks out of three-session losing streak

Stocks staged a rebound Wednesday, helped by buybacks on the back of a weakening of the yen against other major currencies. The Nikkei 225 average closed up 161.45 points, or 1.22 percent, at 13,382.89, snapping a three-session losing streak. The Topix climbed 16.81 points, ...

Apr 18, 2013

Dollar rises on stock, gold rallies

The dollar was firmer around ¥98 in Tokyo trading Wednesday as risk aversion among investors receded following rebounds in U.S. and Japanese stocks as well as international gold prices. At 5 p.m., the dollar stood at ¥98.11-12, up from ¥97.74-78 at the same time ...

Apr 17, 2013

Boston blasts send dollar lower

The dollar traded above ¥97.70 in late Tokyo trading on Tuesday following a plunge below ¥96 on the heels of weak U.S. and Chinese economic data and deadly bomb attacks at the Boston Marathon. At 5 p.m., the dollar stood at ¥97.74-78, down from ...