Chief Stock Market Correspondent, EMEA
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Apr 23, 2013

Nikkei slips after weak China PMI data, pause in yen weakness

TOKYO (Reuters) – Japan’s Nikkei share average slipped on Tuesday as weak China manufacturing data heightened concerns over global growth, while investors cashed in some of the recent gains after the yen’s slide towards 100 to the dollar stalled.

The underlying mood, however, remained positive after Bank of Japan shocked the financial markets on April 4 by promising to inject $1.4 trillion into the world’s third-largest economy to revive growth, helping to limit losses on the Nikkei.

Apr 22, 2013

Nikkei hits highest close in nearly five years

TOKYO (Reuters) – The Nikkei average climbed 1.9 percent to its highest close in almost five years on Monday, as the yen weakened after the Group of 20 leading economies stopped short of criticising Japan’s expansionary monetary policies.

Major exporters charged higher as the dollar firmed against the yen to within a whisker of 100 after the G20 simply said in a communique after a two-day meeting it would be “mindful” of possible side effects from extended periods of monetary stimulus.

Apr 22, 2013

Nikkei surges to nearly 5-year high as yen sags after G20

TOKYO (Reuters) – The Nikkei share average climbed 2.1 percent to a near five-year high on Monday, with exporters taking the lead as the yen weakened after the Group of 20 economies stopped short of criticizing Japan’s sweeping monetary expansionary policies.

The Nikkei .N225 was up 286.59 points at 13,603.07 after trading as high as 13,611.58, its highest since June 2008.

Apr 18, 2013

Nikkei falls 1.2 percent, hurt by Apple component suppliers

TOKYO (Reuters) – Japan’s Nikkei share average dropped 1.2 percent on Thursday as Apple-linked shares came under pressure on concerns of slowing sales of the iPhone maker’s products, while global growth worries dampened the appeal of exporters.

Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) suppliers in Japan took a battering after the U.S. tech company’s stock tumbled 5.5 percent in New York as a key supplier, chipmaker Cirrus Logic (CRUS.O: Quote, Profile, Research, Stock Buzz), gave a disappointing revenue forecast, fuelling worries about weakening demand for the iPhone and iPad.

Apr 18, 2013

Foreign investors’ net buying of Japan stocks jumps last week

TOKYO, April 18 (Reuters) – Foreign investors’ net buying of
Japanese equities hit the highest last week since the Ministry
of Finance started collecting the data in 2005, buoyed by the
Bank of Japan’s sweeping stimulus measures unveiled on April 4.

The investors bought 1.57 trillion yen ($16.1 billion) worth
of Japanese stocks in the week through April 13, piping the
previous record of 1.12 trillion yen in the week of March 3 to
9.

Apr 17, 2013

Long-dated JGBs slip ahead of 20-year debt sale on Thursday

TOKYO, April 17 (Reuters) – Long-dated Japanese government
bond prices eased on Wednesday ahead of an auction of 1.2
trillion yen ($12.3 billion) worth of 20-year debt on the
following day, with the 30-year yield hitting a nearly four-week
high.

Primary dealers are cautious on the 20-year auction,after
last week’s disappointing 30-year debt sale.

Apr 16, 2013

Nikkei sheds 1.5 percent on global growth fears, heads for 3rd day of loss

TOKYO (Reuters) – Japan’s Nikkei average sagged 1.5 percent on Tuesday, although it managed to hold above the 13,000-mark, as concerns over stumbling global growth pushed U.S. stocks to their worst day in five months.

Index heavyweight SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) slumped 8.2 percent to a two-week low after U.S. Dish Network Corp (DISH.O: Quote, Profile, Research, Stock Buzz) offered to buy wireless service provider Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) for $25.5 billion, which could trump SoftBank’s bid for a 70 percent stake for $20.1 billion.

Apr 11, 2013

BOJ’s new stimulus measures to boost Nikkei more, drag yen: Reuters poll

TOKYO (Reuters) – The Bank of Japan’s massive stimulus to pull the economy out of two decades of malaise has altered the outlook for Japanese assets, according to a Reuters snap poll of analysts conducted after the central bank shocked markets with its radical shift in policy.

The bold plan to inject $1.4 trillion into the world’s third-largest economy in less than two years has already pushed the yen to near 100 to the dollar, the lowest since April 2009, and Tokyo’s Nikkei .N225 to a nearly five-year high.

Apr 11, 2013

Japan investment flows reveal “Abenomics” dividend

TOKYO, April 11 (Reuters) – Japanese investors repatriated
record amounts of money though February and March as they reaped
the Bank of Japan’s new super-loose policy bonanza for markets,
but the seasonal rush home is showing the first signs of
reversing as a hunt for yield begins.

The latest data from Japan’s Ministry of Finance showed
investors continued to sell foreign assets and bring money into
the country in the first week of April, when Japanese investors
sold a net 1.145 trillion yen ($11.5 billion) worth of foreign
bonds, the biggest selling in a year.

Apr 11, 2013

BOJ’s new stimulus measures to boost Nikkei more, drag yen

TOKYO, April 11 (Reuters) – The Bank of Japan’s massive
stimulus to pull the economy out of two decades of malaise has
altered the outlook for Japanese assets, according to a Reuters
snap poll of analysts conducted after the central bank shocked
markets with its radical shift in policy.

The bold plan to inject $1.4 trillion into the world’s
third-largest economy in less than two years has already pushed
the yen to near 100 to the dollar, lowest since April
2009, and Tokyo’s Nikkei to a nearly five-year high.

    • About Dominic

      "I am head of the European stock markets team based in London. Before that, I was with Reuters Hong Kong for more than 10 years, covering politics, banking, macro-economy and Asian G-3 currency bonds and credit."
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