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Roughly half of Japanese firms see another Donald Trump presidency as a potential risk to business, with the prospect of increased protectionism the leading cause for concern, a Reuters survey...
Applause rang out across a Tokyo trading room floor on Thursday as Japanese stocks hit their highest level ever, topping a record set during the 1980s bubble economy and long seen as unbreakable.Some 20 traders at brokerage Nomura's Tokyo trading floor were on their feet moments after the midday break, and as the Nikkei share index broke through its all-time record high of 38,957.44, set in December 1989.The board in front of them flashed the new record of 39,029 that the index touched at 12:32 p.m. (0332 GMT). Some clapped while others let out muted cheers alongside a lone "bravo.&...
For Takashi Karube and many Japanese like him, the Tokyo stock rally has been little to cheer about. The Nikkei stock index hit its highest ever on Thursday, surpassing a record set in...
For Takashi Karube and many Japanese like him, the Tokyo stock rally has been little to cheer about. The Nikkei stock index hit its highest ever on Thursday, surpassing a record set in December 1989 and marking a once-unthinkable recovery for a market that spent much of the last three decades mired in malaise. Rather than the flashy spending and bottomless optimism of the bubble years, the 34-year-old Karube, born just two months after the stock market's 1989 peak, grew up with frugality and constant reminders of Japan's declining economic might.
TOKYO (Reuters) -Roughly half of Japanese firms see another Donald Trump presidency as a potential risk to business, with the prospect of increased protectionism the leading cause for concern, a Reuters survey showed on Thursday. Corporate Japan remains downbeat on China, with more than half at least somewhat pessimistic on the Chinese market over the next five years, the survey showed. Former President Trump has promised to block the proposed takeover of United States Steel by Nippon Steel should he be re-elected in November, highlighting the risk of growing protectionism in the world'...