The Nikkei average rose 1.4 percent on Monday as real estate and construction stocks gained on hopes that Tokyo will win the race to host the 2020 Summer Olympics, while consumer finance shares climbed after a media report citing rising loan demand.
The Nikkei gained 184.06 points to 13,572.92, and the Topix index added 1.1 percent to 1,117.78. Volume was subdued, with only 1.85 billion shares changing hands as U.S. markets are closed for the Labor Day holiday on Monday.
After a week of speculation, law enforcement said on Tuesday that Japan's largest crime syndicate has chosen to expel 13 affiliate groups, a move that essentially results in the dissolution of the gang, reports the Kobe Shimbun (Sep. 1). (Tokyo Reporter)
Kenjiro Sano, whose logo for the 2020 Tokyo Olympics was scrapped Tuesday, stood by his design but said he decided to retract the logo because he felt his design did not have the support of the public and was marring the image of the Tokyo Olympics. (Japan Times)
Chiba Prefectural Police on Wednesday busted a hostess club in Chiba City for licensing violations, with the business being a source of revenue for organized crime, reports TBS News (Sep. 2). (Tokyo Reporter)
HIROSAKI, Aomori - The tower of Hirosaki Castle, a state-designated important cultural asset, is being towed dozens of meters away from its original location as part of a project to repair its stone walls. (The Japan News)