Oriental Land, the operator of Tokyo Disney Resort, posted record net profit for the April-June quarter as Tokyo DisneySea's 25th anniversary event increased attendance and sales of paid priority access services.
A consortium formed by Hitachi and Toshiba shipped a new high-speed train to Taiwan on July 30, marking the first delivery under a 124 billion yen order placed to meet growing passenger demand on the island's high-speed rail network.
The yen surged nearly 5 yen against the dollar late on July 30, briefly reaching the upper 157 range and prompting speculation that the Japanese government and Bank of Japan had intervened in the foreign exchange market.
The magnitude 7-level earthquake that struck Kumamoto Prefecture on July 28 has disrupted operations at semiconductor-related facilities across one of Japan's most important chipmaking centers, raising concerns about possible delays in equipment shipments and their impact on the global industry.
Tokyo stocks ended mixed on July 30, with the Nikkei 225 closing at 61,683.96, up 0.4%, as gains in electronics and selected semiconductor-related shares offset selling in financial stocks ahead of the Bank of Japan’s policy decision.
Tokyo stocks diverged sharply on July 29, with the Nikkei 225 closing at 61,434.19, down 930.73 points, or 1.49%, as selling in artificial intelligence and semiconductor-related heavyweights continued, while the broader TOPIX rose as investors bought back banks, domestic-demand shares and selected value stocks.
Japan's national average minimum wage is set to rise by 55 yen, or 4.9%, to 1,176 yen per hour in fiscal 2026 after a labor ministry panel agreed on guidelines for this year's increase.
The Nikkei Stock Average plunged 2,566.27 yen, or 3.9%, to close at 62,364.92 on July 28 as a sharp fall in South Korean stocks and growing concerns over intensifying competition in the global semiconductor industry triggered heavy selling in artificial intelligence and chip-related shares.