Nikkei 225 closes at fresh 30-year high

Nikkei 225 closes at fresh 30-year high

Tokyo’s benchmark stock index continued its rise on Thursday, buoyed by better-than-expected figures for machinery orders across Japan. The gains propelled the Nikkei Average to a fresh 30-year high.

The index closed out the day at 28,698, up 0.85 percent from Wednesday. That’s the highest level since August 1990. Machinery- and semiconductor-related shares led the rally.

The Nikkei briefly rose more than 500 points, but lost some of those gains as investors took profits.

The index has now extended its winning streak to 5 days, adding 6 percent in that time.

The upward momentum has been helped by expectations for extra stimulus measures in the US. The new administration of President-elect Joe Biden is set to take office next week.






Jan 14

Tokyo’s benchmark stock index continued its rise on Thursday, buoyed by better-than-expected figures for machinery orders across Japan. The gains propelled the Nikkei Average to a fresh 30-year high.
(NHK)

Jan 14

Following moves by its rivals, KDDI Corp. said Wednesday it will roll out new cut-price smartphone plans, further intensifying competition among mobile phone carriers under intense pressure from the government. (Japan Times)

Jan 14

Panasonic aims to make cobalt-free batteries available for Tesla’s electric vehicles in two to three years, as the Japanese electronics manufacturer tries to keep pace with the U.S. automaker’s ambitious mission to bring EVs into the mainstream quickly. (Nikkei)

Jan 14

Japan’s currency in circulation and bank deposits rose at a record pace in December, data showed on Wednesday, as a resurgence in coronavirus infections prompted companies and households to continue hoarding cash rather than spending it.
(Reuters)

Jan 14

Elon Musk’s tweets have been known to drive big stock moves in everything from his own giant automaker Tesla Inc. to a tiny medical device firm that shared the name of his preferred messaging app. (Bloomberg)

Jan 13

Tokyo’s benchmark stock index continues to be on a tear, hitting a 30 year-record high again on Wednesday. Semiconductor-related shares continued to climb as investors bet they’ll be well-placed to weather the pandemic.
(NHK)

Jan 13

A former employee of SoftBank Corp was arrested Tuesday for illegally taking information from the major Japanese wireless carrier on its ultrafast 5G technology before moving to a smaller rival company, police said.
(Japan Today)

Jan 13

Amid high electricity demand due to unseasonably cold weather and tight liquefied natural gas supply, Japan is scrambling to prevent a national blackout by calling on power companies to generate more and the public to use less. (Nikkei)

Jan 11

Japan is considering extending a state of emergency from the Tokyo metropolitan area to other regions as novel coronavirus cases increase but that could raise the risk of a double-dip recession for the world’s third-largest economy.
(Japan Today)

Jan 11

Japan’s imports of spaghetti, which is easy to cook, hit a record high in 2020, apparently due to people refraining from going out amid the novel coronavirus crisis. (Japan Times)

Jan 08

Over 80,000 people have been dismissed or seen their employment contracts terminated rather than renewed in Japan for reasons related to the COVID-19 pandemic since it began, the labor ministry said Thursday. (Japan Times)

Jan 08

Japanese business leaders said Thursday support will be necessary for struggling firms under a second state of emergency over the novel coronavirus in Tokyo and three neighboring prefectures, while they viewed the decision as inevitable due to resurging infections.
(Kyodo)

Jan 08

Honda Motor will reduce vehicle production due to a supply crunch in semiconductors, Nikkei has learned, a sign that a pandemic-spurred global shortage is threatening the auto industry.
(Nikkei)

Jan 08

A Japanese credit research firm says the number of pubs and restaurants going bankrupt last year hit a record high due to the pandemic.
(NHK)

Jan 07

Investors in Tokyo snapped up stocks on Thursday on hopes for additional stimulus measures in the US. An overnight rally in New York also supported the rise.
(NHK)

Jan 06

A monthlong state of emergency planned by the Japanese government to contain a resurgence of novel coronavirus infections is expected to knock trillions of yen off private consumption, with some economists predicting the economy will return to contraction. (Japan Times)

Jan 06

Japan’s likely decision to declare a state of emergency in the Tokyo area will most probably trigger a contraction in January-March, analysts say, adding to the headache for policymakers struggling to cushion the blow to the economy from the pandemic. (Reuters)

Jan 06

The balance of money circulating in Japan’s economy hit a record high for the ninth consecutive month in December, data showed on Tuesday, as the central bank continued to flood the economy with cash to cushion the blow from the COVID-19 pandemic. (Reuters)

Jan 05

Traders at Tokyo’s Toyosu wholesale market prayed for prosperity in the year ahead as they held their first auction of 2021 on Tuesday.
(NHK)

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