Lifestyle/Entertainment Editor, Asia, Tokyo
Elaine's Feed
Sep 27, 2010

Nikkei up but yen caps gains

TOKYO (Reuters) – Japan’s Nikkei average rose 1.2 percent on Monday, buoyed by exporters after Wall Street jumped on a rebound in U.S. business spending, but gains were capped by the yen’s continued strength.

Shares of consumer lenders plunged after media said struggling Takefuji Corp is making final preparations to file for bankruptcy protection from creditors, crippled by the reimbursement of overcharged interest.

Sep 27, 2010

Nikkei up but yen caps gains; consumer lenders tumble

TOKYO, Sept 27 (Reuters) – Japan’s Nikkei average rose 1.2
percent on Monday, buoyed by exporters after Wall Street jumped
on a rebound in U.S. business spending, but gains were capped by
the yen’s continued strength.

Shares of consumer lenders plunged after media said
struggling Takefuji Corp (8564.T: Quote, Profile, Research, Stock Buzz) is making final preparations to
file for bankruptcy protection from creditors, crippled by the
reimbursement of overcharged interest. [ID:nTOE68P018]

Sep 24, 2010

Nikkei down after brief jump on intervention talk

TOKYO, Sept 24 (Reuters) – Tokyo stocks lost 1 percent on
Friday, failing to stay in positive territory as momemtum gained
from talk of fresh intervention by Japanese authorities to weaken
the yen petered out when no confirmation emerged.

Rising diplomatic tensions between Japan and China regarding
a feud over disputed islets in the East China Sea were also
weighing on the benchmark, they added.

Sep 24, 2010

Yen dips, Japan stocks rise on intervention talk

TOKYO/HONG KONG, Sept 24 (Reuters) – The yen dropped on
Friday, driven by rumours Japan was intervening for the second
time this month to weaken it, while Japanese equities cut their
losses on strength in exporter stocks.

Currency dealers had been expecting Japan to step back into
the market after heavy yen-selling intervention last week for
the first time since 2004, though renewed pressure on the
dollar resulting from the risk of more monetary easing by the
Federal Reserve and falling U.S. yields made them wonder about
the timing. [ID:nTOE68N03S]

Sep 24, 2010

Asia stocks hit by profit-taking, dollar shaky

TOKYO (Reuters) – Asian stocks fell back from recent five-month highs on Friday, hit by profit-taking fed by renewed worries over the global recovery, while the yen clung close to its highest since Japan’s currency intervention last week.

The spectre of more monetary easing by the Federal Reserve and falling U.S. yields put renewed pressure on the dollar, while the euro also slipped as fresh worries about Ireland’s economy and banks raised more doubts about the euro zone’s prospects.

Sep 24, 2010

Stocks hit by profit-taking

TOKYO (Reuters) – Asian stocks fell back from recent five-month highs on Friday, hit by profit-taking fed by renewed worries over the global recovery, while the yen clung close to its highest since Japan’s currency intervention last week.

The specter of more monetary easing by the Federal Reserve and falling U.S. yields put renewed pressure on the dollar, while the euro also slipped as fresh worries about Ireland’s economy and banks raised more doubts about the euro zone’s prospects.

Sep 24, 2010

Stocks hit by profit-taking, dollar shaky

TOKYO, Sept 24 (Reuters) – Asian stocks fell back from
recent five-month highs on Friday, hit by profit-taking fed by
renewed worries over the global recovery, while the yen clung
close to its highest since Japan’s currency intervention last
week.

The spectre of more monetary easing by the Federal Reserve
and falling U.S. yields put renewed pressure on the dollar,
while the euro also slipped as fresh worries about Ireland’s
economy and banks raised more doubts about the euro zone’s
prospects.

Sep 22, 2010

Nikkei languishes, buoyed by intervention wariness

TOKYO, Sept 22 (Reuters) – Japan’s Nikkei stock average
dipped on Wednesday, but losses were stemmed after the dollar
edged back up towards the 85 yen level and by expectations that
a strong yen rise would bring Japanese intervention.

The dollar slipped as low as 84.78 yen, taking the Nikkei
with it, after the Federal Reserve’s latest statement on the
U.S. economy intensifed speculation that it would take more
quantitative easing steps later this year.

Sep 22, 2010

Nikkei flat after dip; intervention caution buoys

TOKYO (Reuters) – Japan’s Nikkei stock average clawed higher on Wednesday after an earlier dip, buoyed by the dollar’s edging back up toward the 85 yen level and expectations that a strong yen rise would bring Japanese intervention.

The dollar slipped earlier on Wednesday, taking the Nikkei with it, after the Federal Reserve’s latest statement on the U.S. economy intensified speculation that it would take more quantitative easing steps later this year.

Sep 22, 2010

Nikkei edges down as yen gains after Fed;Panasonic up

TOKYO, Sept 22 (Reuters) – Japan’s Nikkei stock average
slipped 0.5 percent on Wednesday as the yen rose after the
Federal Reserve’s latest statement on the U.S. economy intensifed
speculation that it would take more quantitative easing steps
later this year.

The dollar slipped below 85 yen to the lowest point since
Japan intervened last week, with market players saying that
uncertainty about the likelihood of more intervention was keeping
investors sidelined, particularly ahead of a Thursday holiday.