News On Japan

Tokyo Stocks Surge to New High

TOKYO - The Nikkei Stock Average rose by more than 1,100 points at one stage in trading on the Tokyo Stock Exchange on Monday. Following gains in semiconductor-related shares on the New York market on June 24, buy orders flowed into AI and chip-related stocks in Tokyo, lifting the Nikkei back above the 60,000 level.

Market gains were further supported after some media outlets reported on Monday morning, Japan time, that Iran had presented a new proposal to the United States aimed at reopening the Strait of Hormuz. The report helped ease concerns over tensions in the Middle East, contributing to the market's broader advance.

Source: TBS

News On Japan
POPULAR NEWS

A tropical depression developing near the Chuuk Islands is expected to become a typhoon by the evening of August 19 before continuing to strengthen over unusually warm waters and reaching the vicinity of the Mariana Islands as a strong typhoon by August 23.

After 10 p.m., the clouds that had covered the sky above Shirakoma Pond gradually began to clear, revealing countless stars and the Milky Way rising vividly over the mountain lake in Nagano Prefecture's Northern Yatsugatake range.

A fire broke out at Sairinji temple in Saga city on the morning of August 18, engulfing the building in flames and prompting the dispatch of 10 fire engines and two ambulances, with no injuries reported so far.

Severe disruption continued across Chiba Prefecture after the holiday period, with rail closures forcing some commuters into three-hour journeys while more than 2,700 vehicles remained immobilized by flooding caused by last week's torrential rain.

Train stations, airports and expressways were crowded on August 16 as travelers returned from vacations and hometown visits on the final day of the Obon holiday.

MEDIA CHANNELS
         

MORE Business NEWS

Real estate company Rewrite has built a business around properties that owners struggle to give away, sometimes listing them for just 1 yen in a strategy that produces virtually no immediate profit but can generate lucrative deals years later through referrals and repeat customers.

Pan Pacific International Holdings, the operator of Don Quijote discount stores and other retail businesses, posted net profit of 110.1 billion yen for the year through June 2026, up 21.6% from a year earlier and exceeding 100 billion yen for the first time.

JA Zen-Noh Niigata decided on August 18 to set its advance payment for standard Koshihikari rice from the 2026 crop at 18,500 yen per 60 kilograms of brown rice, about 40% lower than a year earlier as inventories continue to build.

An international meeting on Pacific bluefin tuna resource management reached agreement on August 18 to raise the catch quota for large fish in the western and central Pacific by 25% while reducing the quota for smaller fish by 6%, a shift that could eventually lower prices for the prized tuna used in high-end sushi and sashimi.

Japan's benchmark long-term interest rate briefly rose to 2.945% as government bonds were sold on August 18, reaching a fresh high not seen in about 30 years as uncertainty in the Middle East pushed up crude oil futures and fueled expectations that inflation could accelerate.

Tokyo stocks rose on August 17, with the Nikkei 225 closing at 69,220.25, up 506.45 points, as buying in artificial intelligence and semiconductor-related shares outweighed weaker-than-expected economic growth, rising bond yields and renewed concern over household spending.

Japan's economy expanded for a third consecutive quarter in the April-June period, with real gross domestic product rising 0.3% from the previous three months, equivalent to an annualized increase of 1.1%, according to preliminary data released by the Cabinet Office.

Tokyo stocks rose on August 17, with the Nikkei 225 closing at 69,220.25, up 506.45 points, as buying in artificial intelligence and semiconductor-related shares outweighed weaker-than-expected economic growth, rising bond yields and renewed concern over household spending.