Government data showed that the Japanese economy grew by 1.6% on an annual basis in the first quarter of the year, as strong private consumption and an unexpected increase in capital spending offset the decline in external demand. The GDP figures for the first quarter far exceeded economists’ median estimate …
Read More »Sony shares tumble on weaker-than-expected annual outlook
Sony Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and …
Read More »Bank of Japan keeps policy steady
The Bank of Japan was expected and has maintained its key interest rates at today’s meeting, continuing to defend low rates with bond-buying but is uber dovish and pessimistic in its guidance. The yen is now pushed above 129 the figure toughing a 20-year high and that is where it …
Read More »Japanese stocks track Wall Street gains
Japanese stocks rose on Wednesday for a second straight session, as technology heavyweights tracked Wall Street’s overnight gains, while the yen’s recent decline helped boost automakers’ shares. The Nikkei index closed up 0.86 percent to 27,217.85 points, while the broader Topix index closed up 1.03 percent to 1,915.15 points. “US …
Read More »Nikkei rises but fails to exceed 27,000
Japan’s Nikkei rose on Tuesday, but was unable to close above the psychologically important 27,000 point level, as concerns over the upcoming earnings season, a weaker yen and the outlook for US monetary policy limited its gains. The Nikkei closed up 0.69 percent to 26,985.09 points, after it swung in …
Read More »Japan plans to release six million barrels of oil from private reserves
Japan’s Industry Ministry said on Friday it will release six million barrels of oil from privately owned reserves, as part of its contribution to the second round of coordinated withdrawals from reserves led by the International Energy Agency to cool crude prices. Japan will release the amount of oil, which …
Read More »Nikkei declines, dragged down by Wall Street and technology
The Japanese Nikkei index declined Friday, April 15th, after being affected by the decline in the blue-chip technology shares that tracked the weak performance on Wall Street, but losses were limited after investors repurchased shares before a long holiday. The Nikkei index fell 0.29% to close at 27,093.19 points, but …
Read More »Japan shares close higher for the second day after a push from Wall Street
Japan’s Nikkei rose for a second session on Thursday, boosted by technology and travel stocks, tracking gains made by Wall Street Thursday night. The Nikkei ended the session up 1.22 percent to 27,172 points, to close above the 27,000 points level for the first time since the sixth of April. …
Read More »Nikkei records biggest increase in 3 weeks after US inflation data
Japan’s Nikkei index closed higher on Wednesday, posting the biggest increase in more than three weeks after the release of US inflation data that came largely in line with analyst expectations. The Nikkei ended the session up 1.93 percent at 26,843.49 points, the largest increase since March 22 and a …
Read More »Japan shares close near four-week lows
Japanese stocks closed lower on Tuesday, approaching four-week lows, and high-tech stocks led the declines, following in the footsteps of their US peers. The Japanese Nikkei index closed down 1.81 percent to record 2,6334.98 points, its lowest level since March 16. The broader Topix index fell 1.38% to 1,863.63 points. …
Read More »