Tokyo stocks edged lower on October 14, with the Nikkei 225 closing at 67,744, down 33 points, as an early rebound in semiconductor and artificial intelligence-related shares faded late in the session before the release of U.S. inflation data.
Japanese family restaurant chain Saizeriya has announced its first major price increase since going public in 1998, raising menu prices by an average of 6% from October 29 as soaring ingredient and energy costs force the company to abandon its longstanding policy of keeping prices unchanged.
Japan is expected to fall from fourth to sixth place in the global economic rankings in 2027, overtaken by India and the United Kingdom, according to the latest economic outlook from the International Monetary Fund (IMF), reflecting sluggish domestic growth and the continued weakness of the yen.
East Japan Railway (JR East) is preparing to enter Japan's fiercely competitive mobile payment market with the launch of teppay on October 20, introducing a new QR code payment service through its Mobile Suica platform and potentially tapping into a customer base of 45 million Suica users.
Japan's Fair Trade Commission plans to issue cease-and-desist orders against six construction companies, including firms affiliated with Japan Railways, over repeated bid-rigging in maintenance contracts for Tokyo's Toei subway network and other railway lines, with five companies facing surcharges totaling approximately 500 million yen.
Japan's domestic corporate goods price index rose 6.8% in September from a year earlier, slowing to below 7% for the first time in four months but remaining at a high level as soaring crude oil prices and growing demand for AI-related materials continued to push up costs, according to data released by the Bank of Japan on October 13.
Tokyo stocks fell sharply on October 13, with the Nikkei 225 closing at 67,778, down 1,253 points, as selling in artificial intelligence and semiconductor-related shares dragged the headline index below 68,000 after a three-day holiday weekend.
Japan's transition away from decades of ultra-low interest rates is placing increasing financial pressure on students, homeowners and property investors, with some university graduates facing more than 1 million yen in additional student loan repayments while rising mortgage costs and record-high apartment prices threaten to slow the country's property market.