Japan Financial News

Japanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier

Stocks rose on Wall Street as calm returned to the market a day after its worst drop in nearly two years

Japanese automaker Nissan says it has developed a «cool paint” that can keep people inside cars cooler

Japan's benchmark Nikkei 225 share index has soared as much as 10.7% a day after it plunged a near record 12.4%

The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.”

Sony says its profit rose 6.5% in the last quarter on robust demand for its video games, films and music

Honda has reported an 8.7% increase in its fiscal first quarter profit as strong sales of hybrid vehicles in Japan and the U.S., and motorcycles in India and Brazil, boosted the Japanese automaker’s earnings

Vinesh Phogat's disqualification from the Paris Olympics 2024, 2008 Beijing medallist Vijender Singh has voiced his concerns, calling the situation a «huge conspiracy against India.» Speaking exclusively to India Today on August 7, Vijender criticised the decision that barred Phogat from competing in the gold-medal bout against Sarah Hildebrandt of the United States. Phogat was found to be 150 grams over the permissible weight limit, which led to her disqualification. Vijender expressed his frustration, suggesting that the disqualification was part of a broader scheme to undermine Indian wrestlers. “The way she has performed is worth appreciating. Maybe some people couldn’t digest the happiness. We can reduce five to six kilograms in one night, so what’s the problem with 100 grams? I feel that someone had some problems, and so the step to disqualify was taken. She should have been given a chance to reduce the 100 grams,” Vijender told India Today. The disqualification means that Vinesh, who had earlier confirmed India’s fourth medal in Paris by defeating Cuba’s Yusneylis Guzman in the semifinals, will return empty-handed. Phogat had achieved a significant victory on August 6 by ending Japan’s Yui Susaki's 82-match unbeaten streak, but her Olympic campaign was abruptly cut short.

Saudi oil giant Aramco has reported half-year profits of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy

World shares have advanced, with Japan's benchmark Nikkei 225 index closing 1.2% higher after a Bank of Japan official suggested the central bank would refrain from raising interest rates while markets are unstable

Benchmark U.S. crude oil for September delivery rose 26 cents to $73.20 per barrel Tuesday

policy decision on Thursday even though most expect he’ll keep interest rates unchanged again. Global markets have been roiled in recent weeks by central bank action, with the Bank of England cutting interest rates last week, the Bank of Japan hiking, and the Federal Reserve preparing to ease amid recession fears. That may give the Reserve Bank of India reason to stay cautious after keeping rates steady for 18 months already. But there is a chance the RBI may signal a pivot is coming months. Thursday will be the last rate decision of the six-member monetary policy committee before its current four-year term expires in October. Some economists expect the MPC may want to go out with a bang by possibly setting the stage for policy easing.

Hema Malini on Wednesday expressed surprise and disappointment at Vinesh Phogat’s disqualification from the Paris Olympics for being 100 grams overweight. «It is very surprising, and it feels strange that she was disqualified for being 100 gm overweight. It is important to keep the weight in check. It is a lesson for all of us. I wish she could lose that 100 gm quickly, but she would not get an opportunity,» Malini said.

Sony on Wednesday booked a 10% rise in operating profit in the April-June quarter, beating analyst estimates, boosted by the strength of its industry-leading image sensor business. Profit at the Japanese tech and entertainment conglomerate was 279 billion yen ($1.90 billion), compared with an average estimate of 275 billion yen from seven analysts polled by LSEG.

Vinesh Phogat was disqualified on Wednesday from the 50kg freestyle wrestling for being overweight by a few grams, after she qualified for gold medal bout. Vinesh Phogat had beat World No.1 and Tokyo 2020 champion Yui Susaki of Japan to qualify for quarterfinals. Later in the quarter-finals, Vinesh took on Ukraine's Oksana Livach and beat her by 7-5 to secure a semi-final berth. In the penultimate bout she went on to beat Cuba's Yusneylis Guzman Lopez to secure a medal and become the first Indian woman wrestler to reach the final at the Olympics.

₹15 trillion was wiped out in a single day, even as the volatility index shot up 60%. Like Chaos Theory, at first it looked as if a little flap in the US over a fast-weakening jobs market—and hence recession risk—had triggered a market quake in Japan, with tremors felt everywhere else. The web of causes and effects that shook stock indices, however, isn’t all that hard to explain.

shockwaves through the market. India, while fundamentally strong, is not immune to these external headwinds. Earlier this quarter, Buffett had already offloaded stocks in Bank of America and BYD, boosting his cash reserves to $280 billion.

Equity benchmarks dropped in Japan and Australia, while futures pointed to modest gains in Hong Kong. The S&P 500 and Nasdaq 100 rose on Tuesday — following a Japan-led rebound in Asia — with both climbing 1% after a global meltdown. Wall Street’s “fear gauge” — the VIX — saw its biggest plunge since 2010.

10X Research CEO Markus Thielen warns that buying the dip on Bitcoin is “too risky” post-crash. Meanwhile, other analysts point towards signs of stabilization.

Metaplanet Inc., a publicly traded Japanese company, announced on August 6 that it will invest approximately 8.5 billion Japanese yen, or $58.76 million, in Bitcoin (BTC) through a new stock offering. The company plans to raise a total of 10 billion yen, or about $69.13 million, by issuing stock acquisition rights to all common shareholders.