Shares in Toshiba rallied on Friday, after a $15 billion offer to take the company private was approved by the board. The deal is still not completed. The buyers, which are being led by investment fund Ja
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Kazuo Ueda, the Bank of Japan’s first new governor in 10 years, started his first work day on the job Monday amid expectations for an early policy change. The yield on 10-year Japanese government bonds rose Monday, continuing an upward move in recent weeks. Many market players believe Mr. Ueda will
Japan stock investors cheered the pledge by new Bank of Japan Gov. Kazuo Ueda to keep monetary policy easy for now. The Nikkei Stock Average closed up 1.05% at 27,923.37 on Tuesday. The yen stood at
By: Megumi Fujikawa
The good times are rolling again for big banks—including Japan’s top three lenders, all of which saw healthy stock-price gains Monday. Some of their clients aren’t celebrating. Clients of Mitsubishi UFJ Morgan Stanl
The Tokyo Stock Exchange’s broadest index hit a nearly 33-year high Tuesday, supported by growing demand from overseas investors and hopes for a pause in U.S. interest-rate increases. The Topix index rose 0.58% to 2127.18 points at Tuesday’s close, the highest level since August 1990. Analysts say
Japan’s economy grew modestly in the first quarter, helped by a recovery in tourism that offset sluggishness in some leading economies.
By: Megumi Fujikawa
A growing economy, rising tourism and a political system that allows for dissent—what's not to like? That seems to be the mood among foreign investors looking at Japan these days as stock averages reach new milestones. On Wednesday, the Nikkei Stock Average rose above 30000 for the first time sinc
By: Dave Sebastian, Megumi Fujikawa
The hot new stock play is a country with a shrinking population, a tumbling currency and an economy still smaller in real terms than it was four years ago.
The Nikkei 225 stock average closed at a 33-year high Friday, capping an 18% rise this year. The last time the benchmark was at this level, phones couldn’t send text messages, George H.W. Bush was president and the Soviet Union was still a thing. What’s driving the recent rally isn’t any vision of
By: Megumi Fujikawa
New Bank of Japan Governor Sees Signs of Sustainable Inflation