Shares of Timee Inc. — the developer of an innovative job matchmaking app helping address Japan’s severe labor shortage — jumped 14% in their first day of trading. The stock closed at ¥1,650 Friday on Tokyo Stock Exchange’s Growth market, after the nation’s largest initial public offering so far this […]
Japan
Equities in China and India are being touted as potential outperformers in Asia in the second half of the year as investors flock to emerging-market themes. About a third of 19 Asia-based strategists and fund managers surveyed informally by Bloomberg News said they see Chinese stocks outstripping most over the […]
NEW YORK -The dollar hit a fresh 38-year high against the yen on Wednesday, with investor speculation high that authorities in Japan could intervene to strengthen the Japanese currency, while global stock indexes were mixed. Japan’s top currency diplomat, Masato Kanda, said authorities were “seriously concerned and on high alert” […]
The yen inched lower toward a key level against the dollar Monday, even as Japan’s top currency official warned that authorities stand ready to intervene in currency markets 24 hours a day if necessary. “If there are excessive currency fluctuations, it has a negative impact on the national economy,” said […]
A Japan-focused stock ETF that strips out moves in the yen is undergoing a big revival, raking in flows all of a sudden as it hits record highs. The WisdomTree Japan Hedged Equity Fund hit an all-time high on May 6, having climbed roughly 45% over the past 12 months […]