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Asian Shares Mixed, Strong Yen Weighs on Nikkei

Asian stocks were mixed Thursday, with a stronger yen weighing on the Nikkei despite positive data on the Japanese economy.The Japanese economy grew an annualized 3.5% in real terms in the first quarter, a strong sign that changes in economic policy under Prime Minister Shinzo Abe are having an effect.The U.S. dollar extended its fall against the yen. The greenback fell against the yen overnight for the first time in five sessions. Strong economic data from the U.S. has helped the dollar climb against a number of Asian currencies in recent sessions, but a bigger-than-expected decline in April industrial production data halted this trend. The greenback was recently at Y102.06 compared with Y102.25 late Wednesday in New York.A stronger yen weighed on the Nikkei, which fell 0.3%.Despite the absence of movement in the broader market, some companies were sharply higher in Tokyo in response to earnings news.Olympus Corp. surged 12.7% after the company said that it expects to triple its group...

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  1. Jail Term Sought for Ex-Olympus Chairman

    Prosecutors sought a five-year jail term Tuesday for former Olympus Corp. (7733.TO) Chairman Tsuyoshi Kikukawa for colluding with two others to cover up massive inve...

  2. Japan Stocks Slip, Though Banks Trade Higher

    Japanese stocks moved off their opening lows Wednesday but remained in negative territory as the market paused after a string of sharp gains. The Nikkei Stock Averag...

  3. ASIA MARKETS: Japan Stocks Sparkle While Most Of Asia Drops

    Japanese stocks on Thursday ended at their best level in more than four years, standing out in Asia as other major markets suffered losses amid caution ahead of key ...

  4. Olympus Aims to Slash Interest-Bearing Debt

    Olympus Corp. (7733.TO) aims to slash interest-bearing debt by around ¥100 billion as of March 31 next year, more than the ¥70 billion in average annual cuts...

  5. Japan Stocks Rise; Nikkei Average Tops 12,000

    Japanese stocks danced higher in early Thursday action, extending recent gains with the help of a weaker yen. The Nikkei Stock Average broke back above 12,000 for th...

  6. Japan Stocks Rally Early On Weak Yen

    Japanese stocks opened sharply higher Monday after reports that Asia Development Bank chief Haruhiko Kuroda would become the next Bank of Japan government sent the y...

  7. Japan Stocks Rise Ahead Of Central-bank Decision

    Japanese stocks shuffled higher in early Thursday trading, with investors shrugging off weak gross-domestic-product data and looking toward a central bank decision d...

  8. Japan Stocks Slide On Earnings, Stronger Yen

    Japanese stocks opened softer Wednesday, with some weak earnings reports and a slightly stronger yen helping send the Nikkei Stock Average down 0.5% to 11,315.72, wi...

  9. Olympus 3Q Net Loss Narrows

    Olympus Corp. (7733.TO) Tuesday reported a narrower net loss for the fiscal third quarter as its balance sheet improved further on a weaker yen, but sales continued ...

  10. Olympus April-Dec Operating Profit Seen Down 4%

    Olympus Corp.'s (7733.TO) group operating profit likely dipped 4% on the year to Y25 billion or so for the nine months ended Dec. 31, weighed down by a lackluster ca...

  11. Exclusive: Dell shareholder Southeastern unhappy with buyout

    Dell Inc's largest independent shareholder, Southeastern Asset Management Inc, has told the computer maker that a $24.4 billion buyout bid undervalues it, adding to ...

  12. Japan Stocks Shoot Higher As Yen Sinks Further

    Japanese stocks snapped back to gains early Wednesday, with fresh multiyear lows for the yen and strong results from Toyota Motor Corp. powering a rally, with car sh...

  1. ASIA MARKETS: Asia Stocks Rise On China Data; Tokyo Rallies

    Asian stock markets rallied on Wednesday after another record finish for key U.S. equity indexes and strong Chinese trade data, with Japanese shares edging closer to...

  2. Japan, Russia to boost business ties, restart territorial talks

    Japan and Russia expect to clinch up to 20 deals, launch an investment fund and reopen talks on a territorial row that has kept them from signing a peace treaty form...

  3. Japan Stocks Rise As Weak Yen Bolsters Exporters

    Japanese stocks climbed Monday, as exporters got a boost from yen weakness. The Nikkei Stock Average surged 1.7% to 13,537 at the open as all active components advan...

  4. Japan Stocks Surge, With Nikkei Average Up 4.1%

    Japanese stocks exploded upward Friday, with the Nikkei Stock Average adding more than 4% in a matter of minutes, as the previous day's aggressive easing moves from ...

  5. Japan Stocks Fall Hard Ahead Of Central-bank Call

    Japanese stocks fell sharply out of the Thursday open, weighed by gains for the yen overnight ahead of a key central-bank decision. The Nikkei Stock Average dropped ...

  6. Investors Seeking Y5.8 Billion in Damages from Olympus

    Olympus Corp. (7733.TO) said Monday corporate investors have filed a damages lawsuit against it seeking a total of Y5.8 billion in connection with the company's cove...

  7. Sony, Olympus delay medical venture as regulatory approval on hold

    Japan's Sony Corp <6758.T> and Olympus Corp <7733.T> have again delayed the start of a joint venture to develop medical equipment because they have yet to gain appro...

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