Latest news with #AkiraKodaka
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Nikkei Asia
3 days ago
- Business
- Nikkei Asia
Yen sustains gains on upper house election outcome
The ruling coalition's loss in an upper house election held over the weekend was within investor expectations. (Photo by Akira Kodaka) LISA KIM and JADA NAGUMO TOKYO -- The Japanese yen continued to trade stronger against the dollar on Tuesday morning as the ruling coalition's loss in an upper house election over the weekend was within investor expectations. The currency traded in the mid-147 level, sustaining the roughly 1% appreciation it notched the previous day, which was a holiday in Japan. The yields on the benchmark 10-year Japanese government bond (JGB) hit 1.535% at one point on Tuesday, a basis point higher from Friday's closing. Yields move inversely to prices.
Nikkei Asia
3 days ago
- Business
- Nikkei Asia
Yen sustains gains after ruling coalition's expected election loss
The ruling coalition's loss in an upper house election held over the weekend was within investor expectations. (Photo by Akira Kodaka) LISA KIM and JADA NAGUMO TOKYO -- The Japanese yen continued to trade stronger against the dollar on Tuesday morning as the ruling coalition's loss in an upper house election over the weekend was within investor expectations. The currency traded in the mid-147 level, sustaining the roughly 1% appreciation it notched the previous day, which was a holiday in Japan. The yields on the benchmark 10-year Japanese government bond (JGB) hit 1.535% at one point on Tuesday, a basis point higher from Friday's closing. Yields move inversely to prices.
Nikkei Asia
14-07-2025
- Business
- Nikkei Asia
China stocks climb on higher dividends, led by bank shares
Major Chinese banks are posting dividend yields of 4% to 5%, far above the average for CSI 300 companies as a whole. (Photo by Akira Kodaka) TOSHIHIRO SATO SHANGHAI -- Chinese stocks hit the highest level in three and a half years on Monday, lifted by anticipation of increased dividends and speculation about new measures to end a real estate downturn. The Shanghai Stock Exchange Composite Index rose for a third consecutive trading day to close at 3,519.65.
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Nikkei Asia
27-06-2025
- Business
- Nikkei Asia
Bid for 7-Eleven owner to come to a head soon, hints Couche-Tard
A 7-Eleven convenience store in Tokyo. Its owner, Seven & i, is in discussions with its potential acquirer Alimentation Couche-Tard, the Canadian retail group said on June 26. (Photo by Akira Kodaka) KENJI ASADA NEW YORK -- Alimentation Couche-Tard, which has made a takeover bid for Seven & i Holdings, hinted on Thursday that a decision on whether to proceed with the acquisition of the 7-Eleven convenience store chain owner will be made soon. No specific timing was given. Alex Miller, president and CEO of the Canadian company, said in an earnings call that the companies are engaging in discussions on due diligence and divestitures and "setting a timeline" to bring clarity for both sides. "I believe that timeline will be shorter rather than longer," he added.
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Nikkei Asia
26-06-2025
- Business
- Nikkei Asia
Yen muted as BOJ decides on a more gradual bond buying taper
The Bank of Japan has been tapering its bond purchases since August as part of its decision to normalize its ultraloose monetary policy. (Photo by Akira Kodaka) LISA KIM TOKYO -- The Japanese yen was largely flat Tuesday after the Bank of Japan said at the end of its policy meeting that it would be less expeditious in reducing its bond purchases, as expected. The currency traded at around 144.70 to the dollar as of 5:16 p.m. Tokyo time, trimming gains to levels seen before the policy decision. The currency fluctuated in a narrow band during BOJ Gov. Kazuo Ueda's post-policy meeting news conference.
