Japanese companies are raising payouts to shareholders as the Tokyo Stock Exchange pressures firms to improve capital efficiency and valuations.
BUSINESS / Markets
May 15, 2024
Japan firms boost dividends and buybacks, aiding Topix amid TSE pressure
The moves come as the Tokyo Stock Exchange pressures companies to improve capital efficiency and valuations, and have spurred a rebound in the Topix index.
Investing in Japanese stocks becomes harder if the yen continues to weaken, head of Japan active investments at BlackRock warns.
BUSINESS / Markets
May 13, 2024
BlackRock warns weak yen deters foreigners from Japan stocks
The Nikkei 225 has declined more than 6% amid concerns the currency is becoming a liability for domestic consumer spending and import costs.
Suspected intervention to drag the yen off a 34-year low against the dollar is already seen as unlikely to have a lasting effect if Japan continues alone.
BUSINESS / Markets
May 13, 2024
Yen’s fragility raises specter of a new currency war in Asia
A destabilizing slump in the yen could be the trigger that forces Japan’s neighbors to take extreme action.
Hong Kong is looking to Saudi Arabia in efforts to attract a new set of investors to replace Western nations who may be deterred from doing business in China at a time of rising geopolitical tensions.
BUSINESS / Markets
May 9, 2024
Hong Kong woos Saudi money in attempt to revive stock market
Its bourse operator has been having a tough time in recent years amid a stuttering Chinese economy and saber-rattling by Beijing and Washington.
Futures of robusta coffee beans have hit their highest price in over 40 years, while cocoa prices have more than doubled this year.
BUSINESS / Markets
May 9, 2024
Cocoa’s dizzying volatility is spilling into the coffee market
Many major traders deal in both commodities, so soaring cocoa prices are squeezing market players for cash and forcing them out of coffee trading.
Workers make pods for e-cigarettes on the production line at Kanger Tech, one of China's leading manufacturers of vaping products, on Sept. 24, 2019 in Shenzhen, China.
BUSINESS / Markets
May 9, 2024
China’s factory glut alarms the world, but there’s no quick fix
European Union leaders, who are threatening tariffs on electric cars, were the latest to scold China about overcapacity, but there are no plans to change.
Masato Kanda, vice minister of finance for international affairs, reiterated the currency authorities' readiness to step into the market for speculative-driven foreign exchange moves.
BUSINESS / Markets
May 7, 2024
Japan warns of action over rapid currency moves
Comments by the government's top currency diplomat, Masato Kanda, reinforced Tokyo's readiness to intervene again to support a fragile yen.

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