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Tokyo shares plummet 7.3
TOKYO share prices have plunged more than seven per cent on record volumes as investors panicked in the rush to take profit on weak Chinese data after months of sharp climbs. The Nikkei 225 index closed at Thursday's low of 14,483.98, down 1,143.28 points, or 7.32 per cent, the biggest daily fall since March 15, 2011, in the wake of a huge earthquake-tsunami and the ensuing nuclear ...
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ASIA CREDIT CLOSE Nikkei rout adds push to credit sell-off
Thu May 23, 2013 4:43am EDT SINGAPORE, May 23 (IFR) - A sell-off in Asian credit gained momentum after the Japanese stock market suffered a steep drop this afternoon. Investment-grade credits were already some 2bp wider in the morning as investors digested the content of Fed chairman Ben Bernanke's testimony last night to the US Congress. However, after lunch a 7.5%-plus drop in the Nikkei ...
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Stricken Japan nuke plant struggles to keep staff
TOKYO (AP) -- Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission ...
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Japan confirms DPRKs missile launches
Japanese government confirmed the DPRK's missile launches on Saturday, saying none of the missiles have landed in Japan's territorial waters, Kyodo news agency reported. South Korea's Yonhap News Agency earlier reported that the DPRK launched three short-range guided missiles into the Sea of Japan on Saturday, citing the country's defense ministry. It is reported that the ...
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Hashimoto echoes Japans past failure
By Walden Bello The words were so brazen that they have created a firestorm globally. Characterized as "outspoken" and "brash" in the international media, Osaka Mayor Toru Hashimoto has claimed that "comfort women" - the thousands of Asian women who were forced to serve as prostitutes during World War II - were "necessary" for the morale of Japanese ...
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Tokyo Seoul hold ugly nuclear option
if you are interested in contributing. North Korea's nuclear weapons program is undermining regional stability in Northeast Asia, with the present crisis on the Korean Peninsula again prompting the neighboring states into seriously reconsidering their national security policies. This is particularly the case for Japan, against which North Korea has deployed, ...
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Japan vice finmin Yamaguchi will closely monitor market moves
TOKYO | Thu May 23, 2013 4:37am EDT TOKYO May 23 (Reuters) - - Japan's vice finance minister Shunichi Yamaguchi said on Thursday he will closely monitor market moves after volatility in Japanese stocks, government bonds and the yen. Yamaguchi reiterated Bank of Japan Governor Haruhiko Kuroda's comments on Wednesday that the central bank stands ready to respond to bond market ...
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Japan econmin Amari No need to be upset about sharp stock falls
TOKYO | Thu May 23, 2013 4:27am EDT TOKYO May 23 (Reuters) - Japanese Economics Minister Akira Amari said there was no need to be upset about Thursday's sharp falls in Tokyo stock prices, which were due to selling by market players who had been looking for a timing to take profits. "It's natural for the yen to rise in reaction to sharp falls in stock prices," Amari told ...
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Japan Shares Plunge 7 Following Negative Chinese Data
Japanese share prices Thursday experienced their worst one-day decline in two years, following the release of unexpectedly negative Chinese manufacturing ...
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China and Japan Show Signs of Economic Stress
HONG KONG ...
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Perfect Storm Sparks Massive Nikkei Sell-Off
A perfect storm of yen strength, a spike in Japanese government bond yields and new evidence of weakness in China's economy were behind a major sell-off Thursday in Japan's equity markets, said experts. The ...
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Japans Gain Isnt South Koreas Pain
South Korea's economic problems aren't made in Japan. That isn't the way it looks in the two rival exporters' stock markets. Investors convinced that Japan's weakening yen will help its companies claw global market-share back from Korean competitors have bought almost $75 billion worth of Japanese stocks so far this year. Part of that appears to have come at the expense ...
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Tokyo plunges more than 7 as Asian markets fall
Asian markets fell Thursday with Tokyo plunging more than seven percent as investors took profits after weak Chinese data and signs the US Federal Reserve could start tapering off its massive stimulus measures. Tokyo dropped in the afternoon after HSBC said manufacturing activity in China contracted in May for the first time in seven months, in another sign of the weakness of recovery in the ...
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French shares decline tracking Nikkei loss
(31 mins ago) French share prices fell by 2.24 percent in initial trading on Thursday when confidence was hit by a fall of 7.32 percent on the Tokyo stock market. The Tokyo market had plunged in response to surprisingly weak figures for Chinese industrial activity, although sentiment had already been shaken by uncertainty over US monetary policy, AFP reports. The French CAC 40 index of ...
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Nikkei dives 7pc on profit taking
(1 hr 11 mins ago) Tokyo share prices plunged more than seven percent Thursday on record volumes as investors rushed to take profit following weak Chinese data and after months of climbing. The Nikkei 225 index at the Tokyo Stock Exchange closed down 7.32 percent, or 1,143.28 points, to 14,483.98, while the Topix index of all first-section issues was down 6.87 percent, or 87.69 points, at ...
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Japan government bonds gyrate 10-year yield jumps
TOKYO (MarketWatch) -- Japanese government bonds swung wildly on Thursday, recouping morning losses after the Bank of Japan acted to stabilize the market ...
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Dollar sinks below 102 yen on Japan stock slump
stocks in Japan plunged on back of fears the U.S. Federal Reserve could begin to pare back its bond-buying program. In addition, weak data from China also weighed heavily on Asia markets. The dollar exchanged hands at 101.57 in recent trade, a more than 1% move south from levels seen late Wednesday in North America. Wall Street stocks finished lower on Wednesday and U.S. stock futures were ...
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Nikkei falls over 7 | Sensex down over 300 pts | Live Blog
TOKYO: The Nikkei share average plunged 7.3 per cent on Thursday, its biggest one-day percentage drop in two years after weak Chinese factory data rattled investors, prompting them to take profits from a recent rally buoyed by massive Bank ...
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Japan govt slide in stocks wont hamper Abenomics
Tokyo stock prices is unlikely to hamper Japanese Prime Minister Shinzo's economic policies and their positive effects on the economy, the government's top spokesman said on Thursday. ...
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Euro Credit Nikkei caranage heralds volatile session
European credit markets are opening sharply lower on the back of an extremely volatile overnight session in Asia. As of 0645GMT according to Tradeweb, the iTraxx Main index is 4bp wider at 91.5bp having tightened to another new S19 and 3yr plus generic low of 87bp on the close yesterday. The Crossover index is 17bp wider at 386bp having traded down to the S19 low of 367bp last night, a level ...
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ASX sheds almost $30b Japan slumps 7pc
The Australian dollar and share market both had heavy losses today, but nothing compared to Japan's 7 per cent slump. Tokyo's benchmark Nikkei index has endured its biggest one-day fall in two years, with most of the 7.3% dive to 14,484 points taking place after that market's lunch break, with a heavy bout of selling just before the close. Analysts say the Federal Reserve ...
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Seoul shares drop 1.2 pct Nikkei China PMI spark investor jitters
Thu May 23, 2013 3:28am EDT * Chinese PMI, Nikkei tumble spark investor worries * Telcos find favour as investors seek high-dividend issues * Crude oil, chemicals issues lead falls SEOUL, May 23 (Reuters) - South Korean shares dropped 1.2 percent on Thursday after a slide in Japanese stocks and weak Chinese factory data hit investor sentiment, with chemical makers and energy-linked shares ...
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Japan stocks dive as benchmark bond yield spikes
BANGKOK (AP) -- Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225 in Tokyo nosedived 7.3 percent to close at ...
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Japan bond yields jump following Fed comments
TOKYO -; Yields on 10-year Japanese government bonds briefly topped 1 percent for the first time in a year on Thursday, unnerving some investors at a time when Japan's already overburdened government finances are vulnerable to rises in interest rates. Japanese shares fell ...
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Japan Bond Yields Spike Again 10-Year at 1
Japanese government bond (JGB) yields soared to 1 percent on Thursday, their highest level in a year, prompting the Bank of Japan to hold true to its promise of taking action to stabilize an incredibly volatile bond market. Analysts expected the market volatility to last for a while, but added that buying by domestic pension funds and the central bank should help keep a lid on yields. Benchmark ...
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Japan focuses on next big export
Smart grids are the way of the future, according to a Japanese consortium of seven companies that want to invest in the cities of the future and pave the way for the next big export to come out of Japan.
Japan is already one of the leading high-tech industries of the world, producing gadgets and appliances that are sold globally, from cars and microwaves to robots for use in surgery, space and mines. The country is a major manufacturing hub, there are Sony, Panasonic, Toshiba and Nintendo appliances in homes across the globe and many of the world’s most famous export brands have their headquarters in Japan or were founded in Japan. Read more
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