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November 22, 2024
 

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STOCKS

Tokyo Metro priced its shares at ¥1,200 apiece. It is expected to list on the Tokyo Stock Exchange on Oct. 23.
BUSINESS / Companies
Oct 15, 2024
Tokyo Metro raises $2.3 bln in Japan's biggest IPO in 6 years
The subway operator priced its shares at the top of its provisional range of ¥1,100 to ¥1,200, a regulatory filing from the company showed on Tuesday.
The Tokyo Stock Exchange's push to get companies to outline capital allocation plans has spurred investors to question management teams seen falling short, said Georgeson CEO Cas Sydorowitz.
BUSINESS / Companies
Oct 15, 2024
Japanese company shareholders increasingly challenge management
Shareholder resistance is now routinely a feature of Japan's annual general meeting season.
Kioxia has undergone years of upheaval and the attempt to list the company is closely watched as a test case for buyout firms in Japan where more companies are selling non-core assets or going private.
BUSINESS / Companies
Oct 14, 2024
Bain sought $10 billion valuation for Japan's Kioxia, but investors only wanted to pay half
The valuation gap complicates the buyout firm's effort to exit its six-year-old investment in Kioxia.
Starting on Nov. 5, the Tokyo Stock Exchange will extend its stock trading hours by 30 minutes to 3:30 p.m.
BUSINESS / Companies
Oct 13, 2024
200 listed firms in Japan to postpone earnings disclosure
The delay in disclosure signals that companies make light of investors and increases the risk of insider trading, critics said.
The Bank of Japan's surprise rate increase on July 31 led to Japanese stocks plummeting into bear-market territory, with the benchmark 225-issue Nikkei average falling 12.4% on Aug. 5 alone.
BUSINESS / Economy
Oct 11, 2024
Bank of Japan vows better messaging to avoid more market turmoil
There is "strong will" within the central bank to learn from what had happened during its last rate increase, BOJ Deputy Gov. Ryozo Himino.
With less than a month before the election, polls and prediction markets show Democrat Kamala Harris and Republican Donald Trump in a virtual dead heat.
BUSINESS / Markets / ANALYSIS
Oct 11, 2024
Risks from possible contested U.S. election appear on market's radar
For now, political uncertainty appears to be doing little to dampen enthusiasm for stocks.
Infcurion offers technology powering a range of payments services such as digital wallets and credit cards.
BUSINESS / Companies
Oct 11, 2024
Japanese payments company Infcurion says planning IPO in 2025
Infcurion, founded in 2006, offers technology powering a range of payments services such as digital wallets and credit cards.
Eiji Maeda, former executive of the Bank of Japan
BUSINESS / Economy
Oct 9, 2024
BOJ’s next hike likely to come in January, former official says
The central bank will be watching the U.S. presidential election, the trend in service prices this autumn and momentum ahead of next year’s annual wage talks.
Couche-Tard isn’t giving up on its takeover effort of Seven & I Holdings, the owner of 7-Eleven stores.
BUSINESS / Companies
Oct 9, 2024
Couche-Tard reportedly sent higher price of $47 billion for Seven & I
The fresh attempt to enter talks shows that Couche-Tard isn’t giving up on its takeover effort.
Tokyo Metro is seeking to raise at least ¥319.6 billion at a time when the nation’s equity market is showing signs of recovery.
BUSINESS / Companies
Oct 8, 2024
Tokyo Metro unveils range for biggest Japan IPO since 2018
The price range of ¥1,100 to ¥1,200 values the subway operator at between ¥639.1 billion and ¥697.2 billion.
While unlikely to revisit the record hit in July, the 225-issue Nikkei average may finish this year up 1.3% from its current level, according to a forecast by analysts.
BUSINESS / Markets
Oct 8, 2024
Solid earnings will spur hope Japan stocks hold onto 2024 gains
While unlikely to revisit the record hit in July, the 225-issue Nikkei average may finish this year up 1.3% from its current level, according to a forecast by analysts.
Players on Nintendo Switch game consoles. Saudi Arabia's Public Investment Fund is reportedly weighing deploying more capital to Nintendo and its sector peers.
BUSINESS / Companies
Oct 7, 2024
Nintendo jumps after Saudi fund expresses interest in bigger stake
The Saudi government is keen to mold the kingdom into a global gaming industry player and diversify its oil-heavy portfolio.
An electronic ticker displays stock figures in Pudong's Lujiazui Financial District in Shanghai on Aug. 14.
BUSINESS / Markets
Oct 7, 2024
China stock skepticism gets louder as world-beating run extends
Some are concerned many Chinese stocks are already reaching overvalued levels.
Prime Minister Shigeru Ishiba and Bank of Japan Gov. Kazuo Ueda ahead of their meeting on Wednesday. Ishiba's comment after the meeting that he doesn't believe Japan needs an additional interest rate hike has surprised the financial market.
BUSINESS / Markets / FOCUS
Oct 6, 2024
Ishiba's U-turn on interest rates surprises market
The market is being perplexed by the statement by Ishiba, who had been critical of Abenomics.
The Bank of Japan headquarters in Tokyo. Worries about the implications of further BOJ tightening against a global backdrop of easing were again on display this week, with new Prime Minister Shigeru Ishiba saying Japan wasn’t ready for more rate hikes yet.
BUSINESS / Markets
Oct 5, 2024
Stepped-up global easing risks making it harder for BOJ to hike
Worries about the implications of further BOJ tightening against a global backdrop of easing were again on display this week.
An Ito-Yokado supermarket in Tokyo. Selling down some of its stake in the supermarket business would allow Seven & I to bring in a partner that could accelerate an overhaul of the unit.
BUSINESS
Oct 4, 2024
Seven & I considering supermarket stake sale ahead of IPO, sources say
The supermarket business includes the Ito-Yokado chain, one of Japan's best-known grocery store businesses.
An electronic ticker at the Tokyo Stock Exchange
BUSINESS
Oct 4, 2024
More stocks trade below book value in Japan despite reforms
About 38% of Topix 500 companies were trading below book value as of the end of September.
Analysts say Warren Buffett may be looking to buy Japanese financial firms and shipping companies.
BUSINESS / Economy
Oct 3, 2024
Buffett may target Japan banks or insurers for next purchase, analysts say
The billionaire’s company this week mandated banks to manage a yen bond sale in the global market, in a sign he may increase holdings in Japan.
Prime Minister Shigeru Ishiba meets with Bank of Japan Gov. Kazuo Ueda at the Prime Minister's Office on Wednesday.
BUSINESS
Oct 3, 2024
Further BOJ rate hike this year in doubt after Ishiba's surprise warning
A survey last month showed 53% of economists forecast the BOJ would push up interest rates in December, but that outlook is now in question.
Traders borrow in currencies where rates are low and put that money to work in economies where rates are high, pocketing the difference.
BUSINESS / Markets / FOCUS
Oct 2, 2024
Massive carry trade still lurks in the shadows and looms over markets
Trillions might remain, slightly different, less obvious and all but forgotten by a market eager to move on.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

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