Tag - stocks

 
 

STOCKS

The display window of a brokerage showing the closing numbers of the Tokyo Stock Exchange, along a street in the capital on Tuesday.
BUSINESS / Markets
Aug 17, 2024
Foreign investors are trading Japan’s stocks like never before
The Nikkei 225-issue average slumped 12% on Aug. 5, the biggest percentage fall since Black Monday in 1987, before rebounding 10% the next day.
A monitor in Tokyo's Shibuya Ward displays a news headline reporting the Nikkei stock average plunging on Aug. 5.
BUSINESS / Markets
Aug 16, 2024
Foreign investors buying Japanese stocks after recent slump, Goldman says
The investment bank's chief Japan equity strategist notes that interest levels from certain segments of the foreign investor community have grown noticeably higher.
A monitor in Tokyo on Friday shows the Nikkei stock average rising more than 1,000 points from the previous day.
BUSINESS / Markets
Aug 16, 2024
Nikkei surges on back of strong U.S. economic data
The 225-issue Nikkei average added 3.64% to end the session at 38,062.67, a gain of 8.7% over the week.
Prime Minister Fumio Kishida leaves at the end of a news conference, in which he announced he is stepping down, at the Prime Minister's Office in Tokyo on Wednesday.
BUSINESS / Markets
Aug 14, 2024
Kishida's shock announcement shakes already unsettled Japanese markets
The prime minister's decision to step down follows the Bank of Japan's surprise rate hike just two weeks earlier.
JPMorgan Asset Management (Japan) President Shoichi Okoshi speaks during an interview in Tokyo in July.
BUSINESS / Companies
Aug 14, 2024
JPMorgan wants a 30% female exec ratio in Japan
The Japanese affiliate of U.S. financial giant JPMorgan Chase plans to adopt the threshold within several years
The WisdomTree Japan Hedged Equity Fund saw an outflow of more than $400 million last week, the most since 2018.
BUSINESS / Markets
Aug 13, 2024
Yen-hedged ETF suffers exodus of cash from carry-trade fiasco
The fund’s cash withdrawal last week now puts it on pace for its worst month of outflows since December 2018, though it still has a positive haul overall for the year.
A monitor shows an increase in the 225-issue Nikkei average, in Tokyo on Tuesday.
BUSINESS / Markets
Aug 13, 2024
Nikkei surges 3.5% on return from holiday as weak yen supports
The Nikkei average ended the day at the session's peak of 36,232.51, trading higher in the last 40 minutes of trading.
The Bank of Japan won't be able to introduce another rate hike this year, according to former board member Makoto Sakurai.
BUSINESS
Aug 12, 2024
Ex-BOJ board member rules out another rate hike this year
Recent market upheaval and the BOJ’s reaction to it are making market participants wary about the outlook.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference after the central bank's policy meeting in Tokyo on July 31.
BUSINESS
Aug 11, 2024
BOJ’s policy path fraught with risks after global market turmoil
Markets erupted with volatility within days of a BOJ rate hike on July 31.
JPMorgan Asset has wagers that profit when the yield gap between shorter and longer-term Japanese bonds narrows, and is among those mapping out the BOJ’s next policy step after a wild week of trading.
BUSINESS / Economy
Aug 10, 2024
JPMorgan Asset gameplans for risk BOJ hikes are done this year
"It’s pretty clear that the Bank of Japan is not going to move until markets settle down,” said the head of global rates at the firm.
An electronic board displaying Topix and the yen exchange rate against the U.S. dollar outside a brokerage in Tokyo on Tuesday.
BUSINESS
Aug 9, 2024
Tokyo’s Monday stock crash an afterthought by Friday
Concern remained, and the search for a coherent explanation as to why Tokyo stocks crashed and shook investors globally was ongoing.
Traders work on the floor of the New York Stock Exchange on Monday as selloffs in global markets, including Japan’s Nikkei 225 index, deepened amid concerns about a slowdown in the global economy.
EDITORIALS
Aug 9, 2024
BOJ rate hike spooked markets, but it's not the sole culprit
Unwinding decades of loose monetary policy was always going to be challenging, and the global economy must brace for similar adjustments from other central banks.
The Bank of Japan headquarters in Tokyo. This week's market turmoil underscored how difficult it is for the central bank to limit market shocks as it unwinds years of extraordinary monetary stimulus.
BUSINESS / Markets
Aug 9, 2024
Mixed messages from BOJ leave traders guessing about its true aims
Investors are wondering how much faith they can put into the Bank of Japan following comments that appear to be damage control.
Bank of Japan Gov. Kazuo Ueda speaks to reporters on July 3.
BUSINESS / Economy
Aug 8, 2024
Bank of Japan’s surprise rate rise a real head-scratcher for some analysts
Some analysts are skeptical about consumption actually being stimulated, saying that positive wage growth will not necessarily guarantee that.
Shiseido's sales in China are still sluggish as consumers remain reluctant to buy Japanese products over the discharge of treated water from the wrecked Fukushima nuclear power plant.
BUSINESS / Companies
Aug 8, 2024
Shiseido posts steepest drop since 1987 on anemic China demand
The company reported a January-June operating loss of ¥2.7 billion ($18.4 million), compared with profit of ¥13.6 billion a year earlier.
Hideki Ito, commissioner of the Financial Services Agency, says Japan needs to be cautious about approving crypto-linked exchange-traded funds.
BUSINESS / Markets
Aug 8, 2024
Japan’s top finance regulator hesitant on crypto ETF approvals
Whether to follow the likes of Hong Kong and the U.S. by approving crypto-linked exchange-traded funds requires "cautious consideration,” he said.
As investors look for opportunities in the new environment created by the Bank of Japan and the resulting market turmoil, there is broad consensus that they will have to reevaluate what they thought they knew about the country.
BUSINESS / Markets
Aug 7, 2024
Japan morphs into the center of worry for global investors
In less than a week, Japan has completely upended the world’s expectations for its markets and economy.
The Bank of Japan headquarters in Tokyo. BOJ Deputy Gov. Shinichi Uchida sent a strong dovish signal in the wake of historic financial market volatility in Japan by pledging to refrain from hiking interest rates when markets are unstable.
BUSINESS / Markets
Aug 7, 2024
BOJ deputy governor plays down chance of near-term rate hike
Shinichi Uchida's remarks stand in contrast with Gov. Kazuo Ueda's hawkish comments made last week when the BOJ unexpectedly raised interest rates.
Shigeru Ishiba speaks during an interview in Tokyo on Tuesday.
BUSINESS / Economy
Aug 7, 2024
LDP bigwig Ishiba endorses BOJ's rate hikes
"The Bank of Japan is on the right policy track" in raising interest rates, Shigeru Ishiba said.
Bears think the best days for bank shares may be over, but for investors who are worried the yen may have further room to gain, bank shares have the additional benefit of having limited exposure to foreign-exchange fluctuations.
BUSINESS / Markets
Aug 7, 2024
Massive losses set stage for big rebound in Japan’s bank stocks
In the first three days of August, the Topix Banks index lost 26.5%, more than the 20.3% fall in the broader Topix index.

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