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STOCKS

Market participants project the pace of Japan’s stock market rally to slow in the second half of this year.
BUSINESS / Markets
Jun 30, 2024
Japan’s stock rally is forecast to slow in second half of 2024
The benchmark Topix index will climb about 2.9% by the end of the year, while the 225-issue Nikkei average will rise about 4.8%, according to projections.
Tsuyoshi Maruki, president of Strategic Capital, speaks online on Thursday after three of six candidates proposed by the firm for Daidoh's board positions secured a seat.
BUSINESS / Companies
Jun 28, 2024
Activist fund in Japan wins Daidoh board seats in rare victory
Daidoh's stock has more than tripled since activist fund Strategic Capital built a stake in the firm in November 2022.
Toyota has been looking to cash in on stakes in affiliates as it steps up development and production of battery-powered vehicles.
BUSINESS
Jun 27, 2024
Toyota and affiliates to offload some $1 billion in Aisin shares
Toyota Motor and two affiliates will divest at least 12.5% of supplier Aisin
The rate of the yen against the U.S. dollar is displayed in Tokyo on Thursday.
BUSINESS
Jun 27, 2024
Foreign funds sell Japan’s stocks, longest run in 15 months
Foreign investors sold net ¥21.4 billion ($133 million) of cash equities in the week that ended June 21.
The share of stocks and investment trusts in Japanese household assets rose to a record high of 19.7% at the end of March.
BUSINESS / Economy
Jun 27, 2024
Japan inflation spurs record shift to household assets in stocks
Households have been coping with a surge in inflation over the past two years.
Shareholders queue to enter a venue for SoftBank Group's annual general meeting in Tokyo's Koto Ward on Friday.
BUSINESS / Companies
Jun 26, 2024
Activist investing booms in Japan amid corporate governance reforms
International hedge funds and home-grown investors have turned the country into the world’s second-largest market for activists.
Nvidia, the darling of the artificial intelligence boom, gained 6.8% on Tuesday, rebounding from a recent selloff that erased $430 billion of its market value.
BUSINESS / Markets
Jun 26, 2024
Ignore the ‘AI revolution’ at your own peril, investors warn
While a recent selloff in shares of chipmaker Nvidia may have fueled fears of an AI bubble, the correction is barely visible, some say.
A screen tracks Nvidia's stock price movements as a trader works on the floor at the New York Stock Exchange on Oct. 23, 2023.
BUSINESS / Companies
Jun 24, 2024
Nvidia sales grow so fast that Wall Street can’t keep up
No one can figure out what the chipmaker’s revenues are actually going to be amid an artificial intelligence boom.
Foreign investors, who helped push up Japanese stocks to a record high just a few months ago, became net sellers for a fourth straight week through June 14.
BUSINESS / Markets
Jun 23, 2024
Global investors turn cautious on once favorite Japanese stocks
Foreign investors, who helped push up Japanese shares to a record high just a few months ago, became net sellers for a fourth straight week through June 14.
Jimoto Holdings' general shareholders meeting in Sendai on Thursday
BUSINESS / Companies
Jun 20, 2024
Regional banking group Jimoto comes under effective state control
A net loss for the group was mainly due to the deterioration of business at Kirayaka Bank, a second-tier regional bank based in Yamagata Prefecture.
JPX CEO Hiromi Yamaji says the number of companies in the Topix index will be reduced to about 1,200 in the next review of the index, in 2028.
BUSINESS / Markets
Jun 20, 2024
Japan’s Topix to include broader range of companies, but fewer of them
The Topix index currently includes more than 2,000 stocks, with at least ¥83 trillion ($526 billion) of assets were linked to the gauge as of last year.
Staff lower the Chinese national flag in the Central Financial District in Hong Kong in March. Hong Kong is an established trading hub for raising capital while Singapore excels in private wealth management.
COMMENTARY / World
Jun 19, 2024
Stop comparing Hong Kong to Singapore
Think of it this way: Hong Kong is where the Chinese can grow their wealth while Singapore is where they can preserve it.
Since Koji Sato, 54, became Toyota CEO in April last year, the automaker has announced its biggest share buyback on record.
BUSINESS / Companies
Jun 19, 2024
Influx of new CEOs in Japan brings shift in generational mindset
Many of the new crop of leaders were in junior roles as the nation’s economic miracle unraveled, and they’re now seeking out new ways of doing things.
Nvidia made a big bet on graphics chips and the vision of its co-founder and Chief Executive Officer Jensen Huang that the industry would shift to what he calls "accelerated computing.” That bet paid off.
BUSINESS / Companies
Jun 19, 2024
Nvidia’s 591,078% rally to most valuable stock came in waves
First, it was video game consoles, and then came data centers, autonomous vehicles and cryptocurrency. Today, its chips are powering artificial intelligence.
More than 2,100 companies, or about 98% of listed firms whose financial year ends in March, are due to hold their AGMs during the coming two weeks, according to the Tokyo Stock Exchange.
BUSINESS / Companies
Jun 18, 2024
Activists’ proposals hit record high for Japan’s AGM season
A total of 45 companies received proposals as of June 7, according to data compiled by Sumitomo Mitsui Trust Bank.
The Shein logo on hangers at a pop-up store in Dublin on Nov. 8, 2022
BUSINESS / Companies
Jun 13, 2024
Shein steers tough course in pursuit of blockbuster London IPO
Both of the U.K.’s major political parties have met with Shein leaders, according to reports, though neither has come out in support publicly.
Toyota Industries holds its shareholders meeting in Takahama, Aichi Prefecture, on Tuesday.
BUSINESS / Companies
Jun 11, 2024
Scandals and profitability in focus as Japan firms hold shareholders meetings
The strong interest in compliance follows a string of testing fraud scandals at automakers, while the focus on profitability has led to a flurry of shareholder proposals.
Carlyle will probably announce another two or three transactions in Japan this year, the fund's co-head of the Japan buyout advisory team says.
BUSINESS / Companies
Jun 11, 2024
Carlyle sets sights on 300 Japanese businesses as PE deals boom
Carlyle, which has been operating in Japan since 2000, has made more than 40 private equity investments locally.
An Nvidia Cop. Quantum-X800 InfiniBand Platform on display in Taipei on June 5. Nvidia was already the world's most valuable semiconductor firm. Now, it's become the first computer-chip company ever to hit $3 trillion in market capitalization.
BUSINESS / Markets
Jun 10, 2024
Big Tech is driving the S&P rally. Others will have to step up.
Part of the challenge for tech investors is the stocks are already quite expensive.
A Saudi Aramco logo outside an oil storage tank at the Juaymah tank farm at the firm's Ras Tanura oil refinery and terminal at Ras Tanura, Saudi Arabia, in October 2018
BUSINESS / Markets
Jun 10, 2024
Saudis said to hand about 60% of Aramco offer to foreign investors
The firm's stock sale generated strong demand from the U.S. and Europe, sources said.

Longform

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