Business | Mar 04

Nikkei Surpasses 40,000 for First Time

TOKYO, Mar 04 (News On Japan) - The Tokyo stock market saw the Nikkei average close above 40,000 yen for the first time in history on Monday.

Following a rise in the New York market at the end of last week, the Nikkei average started trading above the 40,000 yen mark on the 4th. Semiconductor-related stocks led the charge, with gains exceeding 400 yen at one point. However, the increase narrowed in the afternoon trading session.

The closing price was 198 yen higher than the previous week, at 40,109 yen.

Hideji Yoshioka, Executive Officer at SMBC Nikko Securities, said, "Personally, I feel that we have surpassed a significant milestone at 40,000 yen. I hope to continue without getting too excited or discouraged."

Tetsuhiro Nishi, Executive Officer at Nomura Securities, commented, "With discussions about wage increases, movements of the Bank of Japan, and corporate performance, it seems that we can try to push higher as these uncertainties are somewhat resolved."

Market participants noted that while there is a sense of achievement in breaking the major threshold, "a sense of caution towards higher prices is a given."

MORE Business NEWS

Uniqlo, a leading clothing retailer, has announced the start of used clothing sales at its Tenjin store in Fukuoka City, a first for the brand in Kyushu.

With Japan's Nikkei hovering close to the 40,000 mark, market experts point out that the increasing trend of "stock splits" in recent years is supporting these higher stock prices.

As Japan begins overtime regulations for drivers, popular bus tours are now being forced to reconsider their routes.


Four men have been arrested by Tokyo police for allegedly recruiting women for prostitution in the United States via a website, promising encounters with affluent clients and high earnings.

For the first time in 73 years, Japan has unveiled a newly constructed whaling mother ship, equipped with drone technology for whaling operations in the Antarctic Sea.

The Liberal Democratic Party (LDP) in Nara Prefecture has disciplined its former Youth Division Chief following a controversial dance party incident.

Residents of Japan's oldest student dormitory, self-managed for over 100 years, are digging in as Kyoto University attempts to evict them from the premises.

A Japan Airlines flight en route from Melbourne to Narita Airport encountered sudden severe turbulence on April 1, causing injuries to several cabin crew, including a broken leg.