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STOCKS

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.
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.
Itochu is buying back ¥150 billion worth of its own shares.
BUSINESS / Companies
Aug 6, 2024
Itochu to buy back shares and take full control of apparel and chemicals units
The deals are part of a trend of dissolving dual listings of parent and subsidiary companies to enhance corporate governance and improve operational efficiency.
An electronic stock board displaying the Nikkei 225-issue Nikkei average outside a securities firm in Tokyo on Tuesday.
BUSINESS / Markets
Aug 6, 2024
Tokyo stocks rebound 10% following Monday’s mad rout
The yen, which had strengthened to the ¥141 mark on Monday from almost ¥162 just weeks earlier, was trading around ¥145 to the dollar on Tuesday.
SoftBank Group CEO Masayoshi Son is preparing a big artificial intelligence bet.
BUSINESS / Companies
Aug 6, 2024
SoftBank to log slim profit ahead of Masayoshi Son’s next AI bet
Emerging from a month of sharp selloffs, the investment firm is expected to report a net income of ¥1 billion for the June quarter.
Shares faced historic sell-offs at the Tokyo Stock Exchange on Monday, but some retail investors see them as an opportunity to buy the dip, betting that the downturn is temporary.
BUSINESS / Markets
Aug 6, 2024
Japan’s retail investors show resiliency despite market turmoil
Some small investors chose the opportunity to buy the dip, betting that the market downturn was temporary.
The Nikkei stock index showed a strong rebound Tuesday morning after a historic plunge a day earlier in Tokyo.
BUSINESS / Markets
Aug 6, 2024
Tokyo stocks rebound sharply in morning trading after record fall
On Monday, the Nikkei had closed down 12.40%, or 4,451.28 points — its largest points drop in history.
The turmoil affecting global markets came on the heels of Bank of Japan Gov. Kazuo Ueda’s decision to raise rates, but you can't fault him given the volatile worldwide economic conditions.
COMMENTARY
Aug 6, 2024
Tokyo market rout — oops, the BOJ did it again
Japan’s central bank isn’t responsible for the bloodbath. But it’s reliving a terrible habit of hiking rates at the worst possible time.
Many market followers believe the pillars that had underpinned gains for years — a series of key assumptions that investors across the world were banking on — have been shaken.
BUSINESS
Aug 6, 2024
$6.4 trillion stock wipeout has traders fearing ‘great unwind’ is just starting
Many market followers believe the pillars that had underpinned gains for years have been shaken.
The Bank of Japan released minutes from its June policy board meeting Monday.
BUSINESS / Economy
Aug 5, 2024
Up rates before it’s 'too late,’ one BOJ policy board member said in June
Some members of the nine-member policy board mentioned that a weak yen could inflate import prices and put upward pressure on consumer prices.
The 225-issue Nikkei stock average dropped more than 4,000 points on Monday.
BUSINESS / Markets
Aug 5, 2024
Nikkei plunges by 12% as it registers largest-ever point fall
The drop exceeds the point fall recorded Oct. 20, 1987, the day after Black Monday in New York.
The Internal Affairs and Communications Ministry has said the 50-50 control of LY, the operator of the Line app, by SoftBank and Naver leaves the messaging app vulnerable to cyberattacks.
BUSINESS / Companies
Aug 4, 2024
SoftBank and Naver to sell down stake in Japan’s Line app
The tender comes as the capital structure of the operator of Japan’s biggest messaging app Line threatens to become a diplomatic flash point with South Korea.
The Nikkei stock index saw the biggest plunge in eight years Friday following the Bank of Japan's rate hike earlier in the week.
BUSINESS / Markets / FOCUS
Aug 4, 2024
Investors take long-term view as rate hike whipsaws Japan
As the country normalizes after years of negative interest rates, corporate pricing power and higher pay for workers may spur economic growth, analysts say.

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