Tokyo Stock Exchange Closes Year Just Below 40,000

TOKYO, Dec 30 (News On Japan) - The Tokyo Stock Exchange concluded its final trading session of the year, with stock prices narrowly missing the key 40,000 mark.

For the first time in 35 years, year-end stock prices set a new record, with the Nikkei Stock Average benefitting from historic yen depreciation and wage hikes. This year, the index broke its all-time high in February and surpassed the 40,000 mark the following month, making 2023 a milestone year.

Today, the Nikkei closed at 39,894 yen, marking an increase of 6,430 yen compared to last year’s closing price. Although it fell short of a year-end close above 40,000, it still achieved its highest year-end value in 35 years.

Stock prices ended the year strong despite missing the symbolic milestone, reflecting robust market performance driven by key economic trends.

Source: TBS

Japanese Emergency Team Begins Work in Quake-Hit Mandalay

A Japanese emergency relief team dispatched by the government has begun operations in Mandalay, a region heavily affected by the recent earthquake in central Myanmar that has claimed more than 3,000 lives.

Exploring the Mystery of Okinawa's Royal Tomb

Shuri Castle, a symbol of Okinawa's Ryukyu heritage, suffered extensive damage in a devastating fire in October 2019 that destroyed the main hall and many other structures. The cause of the blaze remains unknown.

Lack of Carpenters Causing Construction Delays

A deepening labor shortage in Japan’s construction industry is beginning to impact homebuyers, with some experiencing delays of more than six months before construction can even begin due to a lack of available carpenters.

Japan's Imperial Household Launches YouTube Channel

The Imperial Household Agency launched an official YouTube channel on April 1st to introduce the activities of Emperor Naruhito and Empress Masako.

New Recruits Across Japan Mark First Day as Working Adults

Japan's new fiscal year began on April 1st, with companies across the country holding entrance ceremonies to welcome new employees.

MEDIA CHANNELS

MORE Business NEWS

Luxury Campers Make Comeback in Japan

Over 20,000 people attended the Camping Car Show held last month in Osaka over two days, reflecting a growing interest in campers across Japan. What is driving this renewed popularity?

Next-Gen Semiconductor Project Kicks Off in Hokkaido

The prototype line for next-generation semiconductors developed by Rapidus is now ready, as a nationwide initiative to boost Japan's chip industry takes a major step forward in Hokkaido.

Japan to Tighten Screening of Foreign Investments

The Japanese government approved a cabinet ordinance on April 1st to introduce a new pre-screening system for foreign companies investing in Japan. The revised regulation will take effect on May 19th.

Economic Outlook Dims for Japan's Industrial Giants

The Bank of Japan's March Tankan survey, a key quarterly economic report, showed that business sentiment among large manufacturers has deteriorated for the first time in four quarters.

Tokyo Starts Mandatory Solar Panels for New Houses

Tokyo has made it mandatory to install solar panels on newly built houses starting April 1st, as part of its broader effort to halve greenhouse gas emissions by 2030.

Sekisui House Holds Entrance Ceremony at Grand Green Osaka

The new fiscal year began on April 1st, with companies across the Kansai region holding entrance ceremonies to welcome new employees.

New Recruits Across Japan Mark First Day as Working Adults

Japan's new fiscal year began on April 1st, with companies across the country holding entrance ceremonies to welcome new employees.

Sukiya Closes Most Stores After Insect and Rat Contamination

Sukiya, one of Japan's leading beef bowl restaurant chains, announced it will temporarily close nearly all of its stores after an insect was found in a food item served at one of its outlets.

< 2 3 4 5 >