City Tokyo Financial News

President Vladimir Putin. That meeting underscores how the two leaders’ interests are aligning in the face of their separate, intensifying confrontations with the United States. The launch extended a highly provocative run in North Korean weapons testing since the start of 2022, as Kim used the distraction caused by Putin’s war on Ukraine to accelerate his weapons development.

North Korean missiles flew. Japan’s Coast Guard, citing Tokyo’s Defence Ministry, said the missiles have likely already landed but still urged vessels to watch for falling objects. Putin's meeting with Kim is an opportunity to refill ammunition stores that the 18-month-old war has drained.

inflation data on Wednesday, while an oil price spike stoked anxiety about persistent price pressures, complicating the interest rate outlook. The euro edged higher and markets moved to favour a hike from Europe's central bank on Thursday, following a Reuters report that the European Central Bank (ECB) expects inflation will stay above 3% next year in its updated forecasts, well above its target of 2%. MSCI's broadest index of Asia-Pacific shares outside Japan was flat while Tokyo's Nikkei eased 0.2%. Australia's resource-heavy shares lost 0.7%, Chinese blue-chips were flat but Hong Kong's Hang Seng index moved 0.6% higher. At the forefront of markets' minds is the crucial U.S. Consumer Price Index (CPI) report expected on Wednesday, which should shed further light on the inflation outlook and provide some clarity about whether the Federal Reserve is done tightening. While core CPI is seen cooling to 4.3% year-on-year in August from 4.7%, rising energy costs are forecast to keep headline inflation hot.

«Overall, we expect the focus to shift from mid and small caps to large caps in the near term, as investors may turn cautious on the broader market,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 43.5 points, or 0.22 per cent, at 20,073.50, signaling that Dalal Street was headed for positive start on Wednesday.

TOKYO—A Chinese aircraft carrier and around two dozen other Chinese warships were gathering in the western Pacific, according to authorities in Taiwan and Japan, an unusually large group suggesting Beijing may be planning major naval exercises. The movement follows a flurry of U.S. military activity in the region, and comes as efforts by Washington and Beijing to improve relations appear to have lost momentum.

Asian shares are trading mixed following a Big Tech rally on Wall Street, as investors watch for an update on U.S. consumer prices set for later in the week

By Yoshifumi Takemoto and Leika Kihara

Several major Japanese companies have decided to stop using stars represented by Johnny & Associates, an entertainment company at the center of a sexual assault scandal

The clean energy arm of Malaysia’s national oil and gas company Petronas intends to use acquisitions, joint ventures and organic growth to build a portfolio of solar, wind and battery storage projects totalling between 5 gigawatts and 8 gigawatts by 2030.

Asian shares are mostly lower despite a Big Tech rally on Wall Street, as investors look ahead to data on U.S. consumer prices set for later in the week

TOKYO—Japan’s stock market has ripped higher this year. Money managers think that this time, the gains might actually last. Corporate policy changes pushed by the country’s stock exchange, an endorsement from Warren Buffett and relatively low valuations have helped Japanese stocks become one of the best-performing markets in the world this year.

“International" car shows have a more national flavor these days, but that doesn’t mean the format is dying. The North American International Auto Show launches this week in Detroit, hot on the heels of IAA Mobility in Germany last week. These were traditionally among the “big five" global car shows alongside those in Paris, Geneva and Tokyo, before the pandemic broke a tradition already under strain.

The Nikkei fell 0.43% to close at 32,467.76 after rising as much as 0.4% earlier in the session. The index initially tracked Wall Street's gains at the end of last week. In an article in the Yomiuri newspaper published over the weekend, BOJ Governor Kazuo Ueda said the central bank could end its negative interest rate policy when achievement of its 2% inflation target was in sight, signalling possible rate hikes. «The impact was directly reflected in today's market, with financial stocks leading the gains, while real estate stocks were beaten down,» said Takehiko Masuzawa, trading head at Phillip Securities Japan. «But the market was not in a broad sell-off.

Nine Entertainment has been secretly pitching for companies to pay up to $12.5 million to back its Olympic Games coverage next year – a roughly 60 per cent increase on the Tokyo Games, as it aims to recoup the $305 million it agreed for the broadcast rights.

By Leika Kihara

Fishermen and residents of Fukushima and five other prefectures along Japan’s northeastern coast have filed a lawsuit demanding a halt to the ongoing release of treated radioactive wastewater from the wrecked Fukushima nuclear plant into the sea

Mount Fuji, Japan's iconic volcano, has become a bustling and ecologically challenged site, drawing millions of visitors annually. The surge in hikers ascending this renowned volcano, both day and night, has raised alarms among authorities. The governor of the local region expressed his concerns, stating, «Mount Fuji is screaming.» Recognized for its religious significance and inspiration to artists, Mount Fuji earned a spot on UNESCO's World Heritage List in 2013, securing its status as an internationally acclaimed symbol of Japan.

Laser Digital, the digital asset subsidiary of the Japanese financial services giant Nomura, might take a longer time to turn profitable than expected, as the company is still grappling to recover from the sector’s turmoil.

Shares have slipped in Asia after Japan reported its economy grew less than earlier estimated in the last quarter

tech shares tumbling on deepening Sino-U.S. tensions, while the dollar was set to seal its longest winning streak in nine years as investors braced for U.S. interest rates to stay higher for longer. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2% in early trade and is down 1.4% for the week.

Nifty closed higher for the fifth straight day despite weak global cues on recovery in the second half due to short covering on the weekly expiry day. «Nifty has shown good momentum in September so far and is inching closer towards its life highs where it could face some resistance. However, we expect outperformance in the broader market to continue with interest in niche sectors,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 15 points, or 0.08 per cent, higher at 19,782.50, signaling that Dalal Street was headed for positive start on Friday.