Jan 17, 2014

Nikkei suffers another minor drop on yen pause

The Nikkei 225 average lost further ground Friday amid the slowing pace of the yen’s depreciation against major counterparts. The key gauge fell 12.74 points to end at 15,734.46. On Thursday, it lost 61.53 points. The Topix, however, ended 3.00 points higher at 1,297.39 ...

Jan 16, 2014

Greenback rises on U.S. indicators

The dollar was firmer above ¥104.70 in Tokyo trading Thursday, supported by a string of brisk U.S. economic indicators announced overnight. At 5 p.m., the dollar was quoted at ¥104.73-74, up from ¥104.29-30 at the same time Wednesday. The euro stood at $1.3607-3610, down ...

Jan 16, 2014

EU clinches deal on financial regs

European Union negotiators have struck a deal on the outlines of a new regulation covering a wide array of financial instruments and markets, including provisions to curb food speculation and tighter controls on the power of computers to make trading decisions. The regulation agreed ...

Jan 16, 2014

After early gains, Nikkei slips into negative territory

The Nikkei 225 average wiped out early gains to close lower Thursday, hit by profit-taking mostly in heavily weighted component issues. The Nikkei lost 61.53 points to end at 15,747.20 after surging 386.33 points Wednesday. The Topix shed 0.13 point to finish at 1,294.39 ...

Jan 15, 2014

Nikkei rebounds on Wall Street rally, yen slip

Stocks bounced back Wednesday thanks to an overnight rally on Wall Street and a slip in the yen against the dollar. The Nikkei 225 average surged 386.33 points, or 2.5 percent, to end at 15,808.73 a day after losing 489.66 points. The Topix gained ...

Jan 10, 2014

Nikkei manages to scrape out a moderate gain

Stocks staged a modest rebound Friday as selling was slightly outpaced by buying on dips amid a growing wait-and-see mood before the release of key U.S. economic data. The Nikkei 225 average gained 31.73 points to end at 15,912.06. On Thursday, the key market ...

Takenaka touts Nikkei surge

Jan 9, 2014

Takenaka touts Nikkei surge

by Chikako Mogi and Takashi Hirokawa

Stocks could surpass a level not seen since 2007 if the Abe administration pushes through in its drive to loosen business regulations, said Heizo Takenaka, a member of a government council on special economic zones. “Stocks have surged considerably, but they can still improve ...

Jan 9, 2014

Dollar suffers minor fall to ¥104.86

The dollar was stuck in a narrow range a little below ¥105 throughout Tokyo trading Thursday as traders took a wait-and-see attitude ahead of U.S. employment data to be released Friday. At 5 p.m., the dollar was quoted at ¥104.86-91, slightly down from ¥105.05-07 ...

Jan 9, 2014

Nikkei takes sharp downturn on profit-taking

Stocks retreated sharply Thursday, dragged down by selling to cash in gains and a plunge in mainstay issues amid a rise in the yen. The Nikkei 225 average gave up 241.12 points, or 1.50 percent, to end at 15,880.33, a day after surging 307.08 ...

Jan 8, 2014

Nikkei rebounds on Wall Street rally, easier yen

Stocks staged a sharp rebound Wednesday, helped by an upturn in New York and a rise in the yen against other major currencies. The Nikkei 225 average surged 307.08 points, or 1.94 percent, to close at the day’s high of 16,121.45 and finishing above ...