Japan Inc's earnings outlook brightens under 'Abenomics'
News On Japan via Reuters -- Jan 25
The yen's steep decline has burnished the outlook for Japanese stocks, prompting analysts to raise profit forecasts for currency-sensitive exporters and foreign investors to plough $17 billion into the market, the biggest monthly inflow since 2010.
With 60 percent of Japan's listed companies focused on exports, firms ranging from camera maker Nikon Corp (7731.T) to air-conditioner group Daikin Industries Ltd (6367.T) are basking in the prospect of a one-off currency boost and the chance to price their goods more competitively.
The yen has fallen about 11 percent against the dollar to around 89 yen since mid-November, reflecting new Prime Minister Shinzo Abe's push for aggressive policy action to weaken the local currency and revitalize the economy. Investors will be looking for signs that the yen's decline is bolstering profits when the quarterly earnings season kicks into gear next week.
Fewer than 40 pct of residents and commuters in Tokyo take specific measures to prepare for a possible huge earthquake beneath the Japanese capital, despite high awareness on disaster prevention, a Metropolitan Police Department survey showed Friday. (Jiji Press )
The man under arrest for fatally stabbing one man and wounding three others during a 10-minute rampage in Kashiwa, Chiba Prefecture, on Monday night, told police on Thursday that he wanted to hijack a plane at Haneda airport and fly it into Tokyo Skytree to take revenge on society. (Japan Today )
The man lauded as "Japan's Beethoven," who has admitted he never wrote his compositions, appeared before cameras for the first time since the scandal surfaced - clean-shaven and minus his trademark sunglasses. (abcnews.go.com )
The 24-year-old suspect in the murder of a man on a street in Kashiwa, Chiba Prefecture, on Monday is believed to have posted a profile online in which he identified himself as a "celeb NEET," meaning a celebrity without a job, according to local online news site J-Cast News. (Japan Times )
The proportion of single nonregular Japanese male workers in their 20s who have girlfriends stood at 18.7 pct in 2012, against 30.7 pct for regular employees, a government survey revealed Thursday. (Jiji Press )