Daichi Mishima

New York

Correspondent at Nikkei

Featured in: Favicon

nikkei.com (+1)

Articles

Fears mount of a crash in the U.S. condo market

Jun 7, 2024 | asia.nikkei.com | Daichi Mishima

NEW YORK -- Is a bubble about to burst in the U.S. condominium market? Money continues to flow into the sector from investment companies and other sources, but demand for multiunit housing has begun to flag, causing worries among experts about a surge in loan defaults and property foreclosures.
Yen tumbles past 158 against dollar on stubborn U.S. inflation

Apr 26, 2024 | asia.nikkei.com | Lisa Kim |Daichi Mishima

TOKYO/NEW YORK -- Japan's currency fell past 158 yen to the dollar on Friday in a quickening sell-off after the Bank of Japan left interest rates unchanged, even as the outlook for an early U.S. rate cut fades. Hitting the 158 level marks a new 34-year low for the yen, which had been hovering in the mid-155 yen range before the BOJ decision.
Former Japanese PM Taro Aso meets Trump in New York

Apr 23, 2024 | asia.nikkei.com | Daichi Mishima

NEW YORK -- Taro Aso, a former Japanese prime minister and current vice president of the ruling Liberal Democratic Party, met ex-U.S. President Donald Trump in New York's Trump Tower on Tuesday afternoon. Aso became the latest foreign official to court Trump, following visits this month by British Foreign Secretary David Cameron and Polish President Andrzej Duda.
Nvidia stock on meteoric rise. Will earnings keep up?

Mar 8, 2024 | asia.nikkei.com | Daichi Mishima

NEW YORK -- Exuberance about the potential of artificial intelligence has propelled U.S. chipmaker Nvidia's shares to record highs, as investors anticipate a breakneck pace of profit growth with few recent parallels. The stock has been moving so fast that analysts trying to set price targets can hardly keep up. The average target calculated by QUICK-FactSet rose from $674 at the end of January to $893 after Nvidia's Feb. 21 earnings release.
Yen jumps to 2-week high against dollar as BOJ weighs policy change

Oct 30, 2023 | asia.nikkei.com | Daichi Mishima

NEW YORK -- The yen touched a two-week high of about 148.80 against the dollar on Monday on speculation that the Bank of Japan will further relax its yield curve control policy. The currency's move followed a report by Nikkei that the central bank is considering such a change at the two-day policy meeting set to end Tuesday to allow long-term bond yields to exceed 1%.
Inflation concerns loom over BOJ as 2% target comes into focus

Aug 7, 2023 | asia.nikkei.com | Daichi Mishima

TOKYO -- Some policymakers at the Bank of Japan see a path to the BOJ's goal of a sustained, stable 2% inflation rate, a summary of opinions from their latest meeting shows, though concern about inflation outpacing the bank's projections is rising.
Yen weakens despite BOJ's policy tweak allowing higher yields

Aug 2, 2023 | asia.nikkei.com | Takahisa Tamura |Akira Inujima |Daichi Mishima

TOKYO -- Though Japanese bond yields are rising following last week's policy adjustment by the Bank of Japan, speculation that the bank does not plan to end its monetary easing has pushed the yen lower. The yield on new 10-year Japanese government bonds rose as far as 0.625% at one point on Wednesday, its highest since April 2014.
Japan's 10-year bond yields reach 9-year high on BOJ policy changes

Jul 30, 2023 | asia.nikkei.com | Daichi Mishima

TOKYO -- The U.S. and Europe are becoming increasingly wary of the Bank of Japan, the only major central bank that has continued to ease monetary policy. This is because the 500 trillion yen ($3.53 trillion) worth of funds used in the easing has been flowing overseas under the low interest rate environment, and it could be triggered to return to Japan.
BOJ deputy chief urges 'balanced decision' on yield curve control

Jul 6, 2023 | asia.nikkei.com | Daichi Mishima |Kenichi Onozawa

TOKYO -- Japan should take a balanced approach on adjusting interest rates, Bank of Japan Deputy Gov. Shinichi Uchida told Nikkei in his first interview with the media since taking office in March. Under yield curve control (YCC), the BOJ aims to keep yields on 10-year Japanese government bonds within 50 basis points on either side of 0%.
Mrs. Watanabe had a change of heart in 2022: Bank of Japan report

Jun 11, 2023 | asia.nikkei.com | Daichi Mishima |Saki Akita

TOKYO -- Individual foreign exchange investors in Japan, collectively known as "Mrs. Watanabe" in the FX market, abandoned their usual contrarian trading patterns in 2022, a Bank of Japan report suggests, apparently driven by the yen's heavy depreciation against the dollar last year. Mrs. Watanabe is traditionally known for bucking investment trends and hunting for bigger returns from currencies with higher yields.