economybusiness
Tokyo stocks ended lower Monday despite the Nikkei index briefly hitting an all-time intraday high, as investors locked in gains after the market's recent rally. The 225-issue Nikkei Stock Average ended down 131.67 points, or 0.32 percent, from Friday at 40,780.70, after rising as high as 41,112.24. The broader Topix index finished 16.57 points, or 0.57 percent, lower at 2,867.61. On the top-tier Prime Market, decliners were led by marine transportation, electric power and gas, and insurance issues. The U.S. dollar fell to the lower 160 yen range before rebounding to the upper 160 yen level as...
Kyodo News
The Bank of Japan on Monday upgraded its evaluations of two of Japan's nine regions while maintaining that regional economies are recovering despite inflation and output disruptions in the scandal-hit auto sector. In its quarterly Sakura report, the assessments of quake-hit Hokuriku in central Japan and the Kinki region centering on Osaka were upgraded, while the evaluations for Hokkaido and Shikoku were lowered. The report came ahead of the BOJ's policy-setting meeting in late July.
Kyodo News
The Nikkei stock index climbed Monday morning after U.S. shares advanced late last week, but gains were limited due to growing caution following the market's recent sharp rises. The 225-issue Nikkei Stock Average rose 87.43 points, or 0.21 percent, from Friday to 40,999.80. The broader Topix index was down 3.86 points, or 0.13 percent, at 2,880.32. On the top-tier Prime Market, gainers were led by precision instrument and pharmaceutical issues, while marine transportation and insurance issues led decliners. The U.S. dollar dropped to the lower 160 yen zone, weighed down by prospects for early ...
Kyodo News
Tokyo stocks opened lower Monday as investors locked in recent gains, but declines were limited following advances on Wall Street late last week amid hopes for early interest rate cuts in the United States. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 64.57 points, or 0.16 percent, from Friday to 40,847.80. The broader Topix index was down 9.44 points, or 0.33 percent, at 2,874.74. On the top-tier Prime Market, decliners were led by electric power and gas, marine transportation and insurance issues. At 9 a.m., the U.S. dollar fetched 160.63-66 yen compared with 1...
Kyodo News
Japan posted a current account surplus of 2.85 trillion yen ($18 billion) in May, the Finance Ministry said Monday. The current account balance is one of the widest gauges of international trade.
Kyodo News
Japan's real wages fell 1.4 percent from a year earlier in May, with the decline extending to a record 26th straight month as the highest pay hike in more than three decades has yet to outpace inflation, government figures showed Monday. The drop in May is larger than a revised 1.2 percent fall in April, with higher materials costs and a weakening yen pushing up import costs, data from the Ministry of Health, Labor and Welfare showed. The downward pressure continues even as the Japanese Trade Union Confederation said last Wednesday that Japanese companies agreed to raise wages by an average of...
Kyodo News
A United Airlines plane bound for Guam on Sunday returned to Chubu airport in Aichi Prefecture for an emergency landing after detecting a system malfunction during the flight, the transport ministry said. Flight 136, a Boeing 737 aircraft, made the return landing at around 11:40 a.m. There were no injuries among the 44 passengers and six crew members on board, according to the ministry. The flight was canceled, and the runway at Chubu airport was temporarily closed, the ministry said, adding that no damage to the aircraft had been confirmed.
Kyodo News
Bullet train services between Tokyo and Osaka were suspended Saturday due to a power failure, Central Japan Railway Co. said. The operator said it is investigating the cause of the power outage. The power failure occurred between Shizuoka and Kakegawa stations in Shizuoka Prefecture, it said.
Kyodo News
Thrill-seekers looking for an adrenaline hit can head to the iconic Tsutenkaku Tower in the western Japan city of Osaka, where a new obstacle course that involves leaping off the side of the major landmark opened this summer. At "Dive & Walk," visitors can don harnesses to navigate an athletic course around the outer perimeter of the tower's lower observation deck roughly 26 meters high before jumping from a height of around 40 m to the deck below, according to operator Tsutenkaku Kanko Co. The new attraction, which opened on July 1, comes as the company seeks to boost excitement and attract t...
Kyodo News
Japan's government pension fund on Friday reported a largest-ever profit of 45.42 trillion yen ($283 billion) for the year through March 2024, driven by higher share prices and a weak yen that inflated the value of foreign assets. The Government Pension Investment Fund, one of the world's largest institutional investors, remained in the black for the fourth straight year with a 22.67 percent return on its investments. It had a record 245.98 trillion yen in assets at the end of March. The fund manages its pension reserves stably from a long-term perspective and aims to support the pension syste...
Kyodo News
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