Yoshikazu Imahori

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Articles

Japan Inc. projects 1% net profit dip on yen uptick and U.S. worries

Aug 13, 2024 | asia.nikkei.com | Yoshikazu Imahori

TOKYO -- Net profit at Japanese blue-chip companies is projected to decline for the first time in four years this fiscal year amid a rebound in the yen and a cloudier outlook for the U.S. economy. Nikkei tallied earnings projections for about 1,060 businesses listed on the Tokyo Stock Exchange's Prime market, using market forecasts for companies that had not released projections. The total came to 46.5 trillion yen ($316.1 billion), down 1% from fiscal 2023.
Global investors brace for U.S. shift to faster trade settlement

May 24, 2024 | asia.nikkei.com | Hirofumi Takeuchi |Saki Akita |Yoshikazu Imahori

NEW YORK/TOKYO -- As the U.S. prepares to shorten its settlement cycle for equity and corporate bond trades from Tuesday, foreign investors are bracing for potential difficulty in securing dollars before the deadline that could result in failed trades. In the U.S., it typically takes two business days after a securities transaction before the securities and payments are officially transferred to the parties' respective accounts -- a system known as T+2.
Nikkei average reaches all-time intraday high after BOJ decision

Mar 21, 2024 | asia.nikkei.com | Yoshikazu Imahori

TOKYO -- Japan's benchmark Nikkei Stock Average hit an all-time intraday high Thursday, as investors snapped up risk assets following dovish remarks by the U.S. Federal Reserve. The Nikkei average rose 666.92 points, or 1.67%, to 40,670.52 at the close of the morning trading session. It climbed to 40,822.34 during the afternoon session, topping the previous intraday high of 40,472.11 recorded on March 7.
Japan stock rally spreads beyond chip sector to construction

Mar 5, 2024 | asia.nikkei.com | Yoshikazu Imahori

TOKYO -- Construction stocks led by Obayashi performed strongly in Tuesday's trading here, with the historic rally by Japanese equities broadening to general contractors that are moving to improve capital efficiency. The Nikkei Stock Average closed down 0.03% at 40,097, having hit an all-time high above the psychologically significant 40,000 mark on Monday. With the sharp rise in semiconductor-sector stocks during the rally, investors moved to lock in profits.
Japan and U.S. stock rallies fueled by tech on AI boom

Mar 4, 2024 | asia.nikkei.com | Yoshikazu Imahori |Kenta Shinozaki

TOKYO -- As Japanese and U.S. shares reach new highs fueled by the tech sector, strong earnings have allayed concerns about overheating, but the concentration of money in a handful of stocks has invited comparisons to the 1990s dot-com boom. The Nikkei Stock Average broke the 40,000 mark for the first time Monday, following record highs set by the tech-heavy Nasdaq index in the U.S. last week.
U.S. stocks near half of global market cap as Alibaba, Tencent lose ground

Feb 5, 2024 | asia.nikkei.com | Yoshikazu Imahori |Hirofumi Takeuchi |Kensaku Ihara

TOKYO/NEW YORK/HONG KONG -- As Chinese tech companies struggle with an economic slump and fall behind in artificial intelligence, U.S. equities now account for nearly half of global stock market value, the highest level of concentration in two decades. Mainland Chinese and Hong Kong stocks have shed the equivalent of $1.7 trillion in value since the end of 2023, QUICK FactSet data shows.
Japan stocks move out of the bargain bin as rally continues

Jan 12, 2024 | asia.nikkei.com | Yoshikazu Imahori

TOKYO -- Japanese stocks are looking less underpriced amid the rally that lifted a Nikkei Stock Average more than 2,200 points this week, with price-earnings ratios moving back toward their averages for the past decade. The benchmark index jumped nearly 800 points shortly after the opening bell Friday before closing up 527 points, or 1.5%, at 35,577.
Nvidia is the hidden driver of Japan's chip stock rally

Nov 15, 2023 | asia.nikkei.com | Yoshikazu Imahori

TOKYO -- Japanese semiconductor stocks propelled the Nikkei Stock Average to its highest point of the year on Wednesday, but market watchers say what is really moving the sector is Nvidia. The Japanese benchmark added over 823 points, or 2.52%, to close at 33,519, ending above 33,000 for the first time in roughly two months.
Yen intervention watch redoubles after Fed, BOJ meetings

Sep 24, 2023 | asia.nikkei.com | Toshihiro Sato |Yoshikazu Imahori

TOKYO -- As a new week begins after monetary policy decisions in the U.S and Japan, pressure on the yen is expected to rise on a widening interest rate gap between the two economies. Currency market watchers are aware of the prospect that Japanese authorities could intervene to support the yen, possibly if it breaches the 150-yen line.
Japan stocks shrug off higher interest rates as earnings outlook brightens

Jul 31, 2023 | asia.nikkei.com | Yoshikazu Imahori |Kosuke Iguchi |Takahisa Tamura

TOKYO -- The Nikkei Stock Average closed above 33,000 for the first time in nearly a month on Monday as upbeat corporate earnings outweighed concerns over rising interest rates after the Bank of Japan's policy change. The Nikkei average climbed 1.26% to end the day at 33,172. When the BOJ unexpectedly decided to tweak its policy Friday, the benchmark fell more than 800 points during the day before reversing much of its loss by the close.