News On Japan

Nikkei ends above 23,000 for first time in 13 months following Wall Street surge

Nov 05, 2019 (Japan Times) - Tokyo stocks staged a sharp rebound on Tuesday, allowing the benchmark Nikkei average to finish above 23,000 for the first time in nearly 13 months.

The 225-issue Nikkei average closed up 401.22 points, or 1.76 percent, at 23,251.99. The Nikkei last closed above the psychologically important threshold on Oct. 10 last year. On Friday, the key market gauge fell 76.27 points. The Tokyo market was closed on Monday for a national holiday.

The Topix index of all first-section issues on the Tokyo Stock Exchange rose 27.66 points, or 1.66 percent, to end at 1,694.16, after a 0.51-point drop the previous trading day.

The market shot up immediately after the opening bell as investors rushed to make purchases in view of a continued Wall Street rally to send the Dow Jones industrial average to a fresh all-time high on Monday.

Sentiment was brightened by growing optimism that the United States and China are on track to sign the so-called phase one trade deal, brokers said.

U.S. President Donald Trump suggested on Friday that he and Chinese President Xi Jinping would sign the deal in Iowa, while U.S. Commerce Secretary Wilbur Ross said in an interview on Sunday that licenses for U.S. companies to sell components to Chinese telecom giant Huawei Technologies Co. would come shortly.

The market extended gains in the afternoon supported by the yen’s weakening against the dollar and bullish performance of Shanghai stocks, brokers said.

News On Japan
POPULAR NEWS

Typhoon No. 30 is located as of 7:00 a.m. on October 16 over ocean waters far south of the Japanese archipelago and is expected to gain strength as it moves westward, potentially impacting Japan starting late next week.

Burger King Japan has announced that approximately 11.18 million records containing personal information of its official app members were leaked following unauthorized access to its systems between October 2 and October 7.

Japan's first Disney cruise ship will be named "Disney Imagination," with Oriental Land and its partners planning to launch the service in spring 2029, offering a new Disney-themed travel experience departing from Tokyo.

Tokyo's 23 wards have decided to establish a new small-scale public crematorium to address rising fees at privately operated facilities and growing concerns that cremation capacity could become insufficient around 2040 as the city's aging population drives up the number of deaths.

Japan is facing a growing wave of cyberattacks as advances in artificial intelligence remove the language barrier that once made Japanese companies difficult targets for overseas hackers, with more than 68 million personal records potentially exposed in a series of security incidents over the past two weeks.

MEDIA CHANNELS
         

MORE Society NEWS

Three people, including a former chief priest, have been arrested over the alleged takeover of a historic Buddhist temple in central Kyoto, with investigators suspecting they sold temple-owned land and buildings without authorization for approximately 226 million yen, leaving the 300-year-old institution with almost none of its property beyond its main hall and grounds.

Police investigating the deaths of seven dogs and cats at a pet shop have discovered that the business allegedly obtained powerful prescription drugs illegally from a veterinarian for several years, allowing unlicensed staff to administer the medicines in an apparent effort to reduce operating costs.

A 41-year-old woman has been arrested on suspicion of selling sleeping pills not approved for use in Japan to girls who frequent the "Toyoko" area of Tokyo's Kabukicho entertainment district, allegedly promoting the drugs on social media as a way to experience an intense high through excessive consumption.

More than 1,000 chickens escaped from a truck onto a busy national highway in Osaki City, Miyagi Prefecture, on October 15 after the vehicle's load shifted, prompting traffic restrictions that lasted approximately four hours.

Tokyo's 23 wards have decided to establish a new small-scale public crematorium to address rising fees at privately operated facilities and growing concerns that cremation capacity could become insufficient around 2040 as the city's aging population drives up the number of deaths.

Emperor Naruhito and Empress Masako drew attention during their September 19-20 visit to Aichi Prefecture for the opening ceremony of the 20th Asian Games, when the couple posed beside the popular character No-Face at Ghibli Park and used the Emperor's own smartphone to capture the moment, offering a rare glimpse of the Imperial Family's increasingly approachable public image.

A fire broke out at a factory handling waste plastic in Nara City on October 13, sending thick black smoke into the air and prompting the dispatch of 12 fire engines after firefighters received an emergency call shortly before 3:30 p.m. from a factory representative reporting smoke rising from inside the building, with all workers safely evacuated and no injuries reported.

Four people, including a 13-year-old junior high school girl, were injured when a large festival float collided with a roadside tree during an autumn festival in Kobe, Hyogo Prefecture, on October 12th.