The Nikkei usually rises when Japan hauls in gold medals, but all bets are off during the pandemic.
For Shoko Oda's latest contributions to The Japan Times, see below:
The nation's haul of 11 gold medals is lifting everything from real estate stocks to the shares of seafood vendors with the most tenuous of links to the medalists.
Shares in Morito Co., which distributes skateboarding gear, were among those that surged Monday after Momiji Nishiya’s victory in the Olympic women’s street skateboarding event.
The move involves the Promotion and Mutual Aid Corporation for Private Schools of Japan, or PMAC, which provides pension services to private school workers.
Snow Peak's president acknowledges the company’s price point may deter some shoppers, but says it reflects the goods’ quality and lifetime warranty.
The Tokyo Stock Exchange has formed a working group to debate if trading hours can be lengthened past the current 3 p.m. close, which would be the first extension in more than a decade.
As the U.S. takes note of Ohtani's prodigious ability, some market watchers in Japan are eyeing a third skill — the ability to boost share prices.
Eiji Hirano says the Government Pension Investment Fund needs to "think about how to analyze if ESG is really profitable, as well as how to evaluate and standardize ESG."
The figures came as hawkish comments from the U.S. Federal Reserve crushed the reflation trade that had driven the market earlier this year.
While the debate still rages over whether it’s safe to hold the Tokyo Olympics, investors in the capital’s real estate sector may be saying the games must go on.