Business / Financial Markets
Treasuries repo rout fueled by Japan’s rush out of global debt
Japanese funds sold a record $34 billion of foreign bonds in the two weeks ended Feb. 26 as the nation’s fiscal year-end in March approaches.
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Business / Financial Markets
The dollar rose to nine-month highs around ¥108.30 in Tokyo trading Friday, reflecting anticipation for a widening of Japan-U.S. interest rate gaps. At 5 p.m., the dollar stood at ¥108.27, up ...
Business / Financial Markets
Nikkei falls further on rising U.S. long-term interest rates
The benchmark Nikkei average continued to go south on Friday, with investor sentiment battered by a further rise in U.S. long-term interest rates. The 225-issue Nikkei average surrendered 65.79 points, or ...
Business / Financial Markets Mar 4, 2021
Bank of Japan shares' baffling surge comes to a halt
by Gearoid Reidy
While the BOJ is unusual in being a listed central bank, the stock pays a tiny dividend and holds no voting rights. In fact, the central bank doesn’t even hold shareholders’ meetings.
Business / Financial Markets Mar 4, 2021
The dollar crept up to levels above ¥107 yen in Tokyo trading Thursday, thanks to position-squaring buying ahead of a discussion event joined by U.S. Federal Reserve Chairman Jerome Powell. At 5 p.m., the dollar stood at ¥107.15, up from ¥106.82 at the same time ...
Business / Financial Markets Mar 4, 2021
Tokyo stocks plummeted Thursday on the heels of an overnight Wall Street fall, causing the benchmark Nikkei average to end below the psychologically important threshold of 29,000. The 225-issue Nikkei average lost 628.99 points, or 2.13%, to finish at 28,930.11, closing below the 29,000 line ...
Business / Financial Markets Mar 3, 2021
The dollar moved mostly around ¥106.80-90 throughout Tokyo trading Wednesday, amid an absence of fresh trading incentives. At 5 p.m., the dollar stood at ¥106.82-82, down slightly from ¥106.84-85 at the same time on Tuesday. The euro was at $1.2093-2094, up from $1.2007-2007, and at ...
Business / Financial Markets Mar 3, 2021
Tokyo stocks rebounded on Wednesday, thanks to buying on dips and buybacks after their recent falls. The Nikkei average of 225 selected issues listed on the first section of the Tokyo Stock Exchange climbed 150.93 points, or 0.51%, to finish at 29,559.10, after surrendering 255.33 ...
Business / Financial Markets Mar 2, 2021
The dollar rose to around ¥106.80 in Tokyo trading Tuesday, helped by the benchmark Nikkei stock average's robust start. At 5 p.m., the dollar stood at ¥106.84, up from ¥106.60 at the same time Monday. The euro was at $1.2007, down from $1.2076, and at ...
Business / Financial Markets Mar 2, 2021
Tokyo stocks ended in negative territory on Tuesday, despite starting out on the sunny side, as the market succumbed to selling attributed in part to lackluster performances of Chinese stocks. The 225-issue Nikkei average gave up 255.33 points, or 0.86%, to finish at 29,408.17, after ...
Business / Financial Markets Mar 1, 2021
The dollar climbed to around ¥106.60 in Tokyo trading Monday, in response to a rebound in U.S. long-term interest rates and real demand. At 5 p.m., the dollar stood at ¥106.60, up from ¥106.08 at the same time Friday. The euro was at $1.2076, down ...
Business / Financial Markets Mar 1, 2021
Tokyo stocks bounced back Monday, reflecting investors' sigh of relief over some calm that returned to the U.S. Treasury bond market. The 225-issue Nikkei average gained 697.49 points, or 2.41%, to finish at 29,663.50, returning above the 29,000 line after plummeting 1,202.26 points to fall ...