
Business / Financial Markets Dec 22, 2020
WealthNavi gives Tokyo Stock Exchange one of its biggest IPOs of year
The wealth management platform has debuted at a time when amateur investment in Japan is heating up.
For Shoko Oda's latest contributions to The Japan Times, see below:
The wealth management platform has debuted at a time when amateur investment in Japan is heating up.
The firm’s $6.6 billion Japan Equity Fund is up 39% so far this year, beating almost all of its peers, data shows.
More than 3.4 million people put the risk of virus infection aside to turn up for the opening weekend of "Demon Slayer: Kimetsu no Yaiba the Movie: Infinite Train."
The coronavirus pandemic proved to be a blessing in disguise for many Mothers-listed companies as investors first poured their money into pandemic-themed stocks.
The August announcement, among the largest investments ever made by Buffett in Japan, boosted investor interest in the trading companies.
The firm, which owns theaters and also produces movies, has seen its stock recover 45% from its March low.
While global cinemas are reeling from the coronavirus and delays to “Dune” and the latest James Bond release, shares of Japan’s biggest movie company are climbing back toward a record high as the world’s third-largest movie market slowly returns to normal.
While TKP shares are still down 43 percent for the year, they have jumped 165 percent from their March trough as investors look for a rebound.
The Nikkei 500, an index that includes 275 more companies than the benchmark 225-issue Nikkei average, rose to a record Monday, topping the closing high in December 1989.
The central bank is going to continue with its current monetary easing to meet its objectives despite Abe’s resignation, according to people familiar with the matter.