economybusiness
The proposed acquisition of Japanese retail giant Seven & i Holdings Co. by Canadian convenience store giant Alimentation Couche-Tard Inc. is subject to review by the Japanese government to assess any potential threats to national security, sources close to the matter said Thursday. The operator of the Seven-Eleven convenience store chain is covered by the Foreign Exchange and Foreign Trade Act, which governs foreign investment in Japanese companies to prevent leaking technologies that could be diverted for military purposes. Under the law, listed domestic companies and their subsidiaries enga...
Kyodo News
Tokyo stocks rose slightly Thursday, lifted by technology issues tracking gains in their U.S. counterparts, with the market awaiting remarks by the Bank of Japan chief the next day. The 225-issue Nikkei Stock Average ended up 259.21 points, or 0.68 percent, from Wednesday at 38,211.01, its best close since July 31. The broader Topix index finished 6.54 points, or 0.25 percent, higher at 2,671.40. On the top-tier Prime Market, gainers were led by pharmaceutical, warehousing and harbor transportation service and chemical issues. The U.S. dollar briefly weakened to the upper 144 yen range in Toky...
Kyodo News
Japan's major steelmakers, Nippon Steel Corp. and JFE Steel Corp., said Thursday that they will invest a combined 160 billion yen ($1.1 billion) in a coal mine owned by an Australian mining firm to secure a stable supply of high-quality coal. In a bid to achieve eco-friendly steelmaking, Nippon Steel will pay about 108 billion yen to acquire a 20 percent interest in the Blackwater coal mine in the state of Queensland, while JFE Steel will obtain another 10 percent, valued at around 54 billion yen. The mine, which has an annual output of 10.1 million tons and is held by Whitehaven Coal Ltd., ha...
Kyodo News
Tokyo stocks rebounded Thursday morning, as sentiment was improved by overnight gains on Wall Street with expectations that the U.S. Federal Reserve is on course to begin cutting interest rates in September. The 225-issue Nikkei Stock Average rose 239.05 points, or 0.63 percent, from Wednesday to 38,190.85. The broader Topix index was up 2.06 points, or 0.08 percent, at 2,666.92. The U.S. dollar strengthened briefly to the upper 145 yen range in Tokyo as the yen, seen as a safe-haven asset, was sold after stocks climbed, dealers said. The dollar hit a two-week low in the mid-144 yen level in N...
Kyodo News
Tokyo stocks opened higher Thursday, boosted by Wall Street gains overnight on expectations U.S. interest rate cuts will begin in September, while a stronger yen weighed on exporters. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 177.29 points, or 0.47 percent, from Wednesday to 38,129.09. The broader Topix index was up 3.00 points, or 0.11 percent, at 2,667.86. On the top-tier Prime Market, gainers were led by warehousing and harbor transportation service, food and pharmaceutical issues. At 9 a.m., the U.S. dollar fetched 145.13-14 yen compared with 145.20-30 yen...
Kyodo News
A Japanese businessman detained in Beijing since March last year on suspicion of espionage has been indicted by Chinese prosecutors, a Japanese government source said Wednesday, with the forthcoming court proceedings expected to prolong his time in custody. A spokesperson for Astellas Pharma Inc. confirmed that the man, an executive at the company's local subsidiary, had been indicted but declined to comment further due to the ongoing legal process. The Japanese government will continue its efforts to secure his early release. The case is expected to be tried at the Intermediate People's Court...
Kyodo News
Japanese chipmaker Rapidus Corp. has approached four banks for loans totaling approximately 100 billion yen ($685 million) as part of its efforts to secure about 5 trillion yen needed for mass production of next-generation semiconductors by 2027, a source familiar with the matter said Wednesday. The Japanese government-backed venture, established in 2022 to bolster the country's economic security through advanced semiconductor production, requested loans from Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corp. and the Development Bank of Japan, as it still needs around 4 trillion yen in addi...
Kyodo News
Ministers from Southeast Asia and surrounding regions vowed on Wednesday to promote zero-emission power generation, sustainable fuel markets and next-generation manufacturing industries during a decarbonization framework meeting in Jakarta. At the second ministerial meeting of the Asia Zero Emission Community, or AZEC, 11 partner countries also acknowledged the urgent need to reduce greenhouse gas emissions, emphasizing the importance of embracing various approaches to achieve this goal, given the differing circumstances of each nation. "We underscore the significance of the 'AZEC principles,'...
Kyodo News
Tokyo stocks fell Wednesday, as investors took a cautious approach ahead of revised U.S. jobs data that could bring a stronger yen. The 225-issue Nikkei Stock Average ended down 111.12 points, or 0.29 percent, from Tuesday at 37,951.80. The broader Topix index finished 5.68 points, or 0.21 percent, lower at 2,664.86. On the top-tier Prime Market, decliners were led by oil and coal product, insurance and nonferrous metal issues. The U.S. dollar firmed to the upper 145 yen range in Tokyo on position adjustments, after briefly weakening to the upper 144 yen zone on selling amid increased confiden...
Kyodo News
Tokyo stocks fell Wednesday morning as declines in Wall Street indexes overnight dampened sentiment, while a stronger yen spurred selling of some exporters. The 225-issue Nikkei Stock Average fell 257.57 points, or 0.68 percent, from Tuesday to 37,805.35. The broader Topix index was down 15.25 points, or 0.57 percent, at 2,655.29. The U.S. dollar briefly weakened to the upper 144 yen zone before largely trading in the mid-145 yen range, amid increasing confidence the Federal Reserve will cut interest rates at its September meeting. At noon, the dollar fetched 145.39-40 yen compared with 145.19...
Kyodo News
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら