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[Breaking News]Nikkei tumbles over 3,100 points

TOKYO, Japan, June 8 Kyodo - A financial data screen in Tokyo shows the 225-issue Nikkei Stock Average ending over 2,500 points lower in morning trading on June 8, 2026, after briefly tumbling over 3,100 points. (Kyodo)

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US: Airport Fire Expands In Southern California, Destroys Homes 3

Airport Fire burning in Orange and Riverside Counties, Southern California has grown to more than 23,000 acres as of Wednesday morning, September 11. The fire injured at least seven people and destroyed homes.

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Japan's net external assets hit record 3 tln USD in 2023

STORY: Japan's net external assets hit record 3 tln USD in 2023 SHOOTING TIME: May 28, 2024 DATELINE: May 28, 2024 LENGTH: 0:01:52 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's net external assets rose to a record 471.31 trillion yen (3 trillion U.S. dollars) in 2023, up 12.2 percent from a year earlier, as a weak yen inflated the value of foreign stocks, bonds, and other holdings in yen terms, government data showed Tuesday. With the figure increasing for a sixth straight year, Japan retained its position as the world's largest creditor for the 33rd straight year in yen terms, followed by Germany and China as of the end of 2023, according to the Ministry of Finance. Gross external assets, held by the Japanese government, companies and individual investors, rose 11.1 percent to 1,488.34 trillion yen, while external debt went up 10.6 percent to 1,017.04 trillion yen, the ministry said. The yen was 7.0 percent weaker against the U.S. dollar in

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Weak euro, dollar vs yen

TOKYO, Japan - A display in Tokyo shows the euro trading at 99.97-100.05 yen (2nd column) in the early hours of Dec. 31, 2011. The top column shows the dollar trading at 76.99-77.02 yen.

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Japan's spring wage talks start amid weak stocks, yen rise

TOKYO, Japan - Kazuhiko Miyazaki (L), head of the Nippon Steel Corp. union, presents wage requests to the company's Managing Director Kizoh Hirayama (R) at its headquarters in Tokyo on Feb. 8 as Japan's ''shunto'' spring wage talks between corporate management and labor unions started the same day.

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Osaka's Kuromon Ichiba market popular with foreigners

OSAKA, Japan - Foreign tourists flock to the Kuromon Ichiba market in Osaka in December 2014. The weak yen is giving a boost to the number of foreign tourists visiting the western Japan food market, dubbed "Osaka's kitchen."

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Rising buckwheat price pressures soba shops

TOKYO, Japan - Soba noodles are served at "Chitosean" in Tokyo on Dec. 18, 2014. Soba noodle shops are facing difficulties due to the skyrocketing price of buckwheat, mainly imported from China, caused by a lean harvest and weak yen.

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Soaring buckwheat price hits soba shops

TOKYO, Japan - Soba noodles are prepared at "Chitosean" in Tokyo on Dec. 18, 2014. Soba noodle shops are facing difficulties due to the skyrocketing price of buckwheat, mainly imported from China, caused by lean harvest and weak yen.

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Japan's Nikkei closes below 9,500

TOKYO, Japan - A board in Tokyo's Yaesu district shows Japan's key Nikkei stock index plunging more than 3 percent on May 25, 2010, to close at 9,459.89, or below 9,500 for the first time in nearly six months as a stronger yen and weak Asian stocks took their toll on already fragile investor sentiment amid eurozone woes.

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Dollar falls into 109 yen level, hits 8-month low vs. yen

TOKYO, Japan - Price board at a Tokyo foreign exchange dealer indicates the U.S. dollar fell into the 109 yen range for the first time in eight months on May 12, as the market was weighed down by bearish dollar sentiment triggered by weak U.S. economic data.

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O'Neill says forex cannot improve Japanese productivity

TOKYO, Japan - U.S. Treasury Secretary Paul O'Neill speaks with the media at the Japan National Press Club in Tokyo on Jan. 23. He indicated that a weak yen cannot revive Japan's long-ailing economy.

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Weak yen is last resort in boosting Japan economy: Canon head

TOKYO, Japan - Fujio Mitarai, president of Canon Inc., speaks in a recent interview with Kyodo News. He said the Japanese government should guide the value of the yen down ''as much as possible'' to pull Japan out of its economic doldrums.

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Miyazawa reiterates tolerance for weak yen

TOKYO, Japan - Finance Minister Kiichi Miyazawa speaks at a gathering of business people at a Tokyo hotel Jan. 19. Miyazawa reiterated his toleration of a weak yen and said the government will not take any immediate foreign-exchange action.

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Dollar climbs to 16-month high against yen

TOKYO, Japan - The U.S. dollar climbs to a 16-month high against the yen on the morning of Dec. 27 in Tokyo on buying prompted by weak Japanese economic data. The signboard at Tokyo Forex & Ueda Harlow showed the dollar rose to 114.26 yen at 11:40 a.m. In the morning, the dollar touched a low of 113.55 yen and a high of 114.35 yen, its highest level in Tokyo since August last year.

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Yen sinks, hits 145 to the dollar

The Japanese yen slides and breaks through the 145 line to the dollar momentarily in morning trading in Tokyo on June 15. Japan's weak economy left market players with little reason to hold on to the Japanese currency, dealers say. The yen hit the 145 level for the first time since August 1990. The photo shows currency dealers receiving yen-selling orders at Ueda Harlow Ltd. in downtown Tokyo.

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Tokyo stock prices falls

The key Nikkei index of Tokyo stocks falls below 15,000 Friday June 12 for the first time in five months amid mounting concerns over the weak yen. The dollar zoomed to 144.75 yen at one point in early trading in Tokyo, a level last seen in August 1990.

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George Soros in Japan

George Soros at a seminar in Tokyo, Japan on January 16, 1996. He predicts weak yen trend in coming 2 years.

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Japan's current account surplus plunges 96.1 pct to record low in August

STORY: Japan's current account surplus plunges 96.1 pct to record low in August DATELINE: Oct. 11, 2022 LENGTH: 00:01:12 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Tokyo STORYLINE: Japan's current account surplus plunged 96.1 percent from a year earlier to 58.9 billion yen (404 million U.S. dollars) in August, a record low for the month, the government said in a report on Tuesday. According to the Finance Ministry, the record monthly low booked for August was a result of a widening trade deficit as a persistently weak yen further inflated import costs. The ministry said in its preliminary report that the country's goods trade deficit stood at 2.49 trillion yen (17.07 billion dollars) with imports totaling 10.55 trillion (72.34 billion dollars), and exports reached 8.06 trillion yen (55.28 billion dollars) in the recording period. Japan's primary income, which reflects returns on investments made overseas, logged a surplus of 3.33 trillion yen (22.83 billion dollars), the largest since com

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Japan books record trade deficit in August as weak yen further inflates import costs

STORY: Japan books record trade deficit in August as weak yen further inflates import costs DATELINE: Sept. 16, 2022 LENGTH: 00:01:36 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of the port in Tokyo 2. various of street view in Tokyo STORYLINE: Japan booked a record 2.82 trillion yen (19.66 billion U.S. dollars) trade deficit in August owing to surging energy prices and a plunge in the yen inflating the price of imports, the government said in a report on Thursday. According to the Finance Ministry, Japan's trade deficit has continued to widen, with August's figure marking the 13th straight month the trade balance has been in negative territory. The ministry's data showed that the latest deficit beat Japan's previous record of 2.80 trillion yen (19.53 billion U.S. dollars) logged in January 2014, as resource-poor Japan remains reliant on skyrocketing energy and raw materials from overseas. In the recording period, the ministry said imports jumped 49.9 percent to 10.88 trillion yen (75.89 bill

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Dollar falls into 109 yen level, hits 8-month low vs. yen

TOKYO, Japan - Price board at a Tokyo foreign exchange dealer indicates the U.S. dollar fell into the 109 yen range for the first time in eight months on May 12, as the market was weighed down by bearish dollar sentiment triggered by weak U.S. economic data. (Kyodo)

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Japan's spring wage talks start amid weak stocks, yen rise

TOKYO, Japan - Kazuhiko Miyazaki (L), head of the Nippon Steel Corp. union, presents wage requests to the company's Managing Director Kizoh Hirayama (R) at its headquarters in Tokyo on Feb. 8 as Japan's ''shunto'' spring wage talks between corporate management and labor unions started the same day. (Kyodo)

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O'Neill says forex cannot improve Japanese productivity

TOKYO, Japan - U.S. Treasury Secretary Paul O'Neill speaks with the media at the Japan National Press Club in Tokyo on Jan. 23. He indicated that a weak yen cannot revive Japan's long-ailing economy.

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Dollar below 108 yen on weaker stocks, dovish view on U.S. rates

A financial data screen in Tokyo shows the U.S. dollar falling below 108 yen on April 11, 2016, its lowest level in about 17 months, amid risk aversion fueled by weak Tokyo stocks and speculation that the U.S. Federal Reserve is in no hurry to raise interest rates. (Kyodo) ==Kyodo

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Nikkei ends down 2.42 percent on weak oil prices, strong yen

An electric board in Tokyo shows the key Nikkei stock index closing at 15,732.82 on April 5, 2016, down 390.45 points or 2.42 percent, in reaction to weak oil prices and strong yen. (Kyodo) ==Kyodo

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Nikkei ends down 2.42 percent on weak oil prices, strong yen

An electric board in Tokyo shows the key Nikkei stock index closing at 15,732.82 on April 5, 2016, down 390.45 points or 2.42 percent, in reaction to weak oil prices and strong yen. (Kyodo) ==Kyodo

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Tokyo stocks open below 16,000 line

An electronic board in Tokyo shows the key Nikkei stock index falling below the 16,000 line in early trading on April 5, 2016, hitting a roughly one-month intraday low. The decline was attributed to weak oil prices that weighed on Wall Street overnight, and a strong yen that prompted selling of export-related issues. (Kyodo) ==Kyodo

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Tokyo stocks plunge on weak U.S. stocks, stronger yen

Pedestrians look at a financial data monitor in Tokyo that shows the Nikkei Stock Average having lost more than 750 points on Feb. 9, 2016, following a heavy sell-off on Wall Street overnight and the yen's strengthening against the dollar. (Kyodo) ==Kyodo

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Tokyo stocks plunge on weak U.S. stocks, stronger yen

A financial data monitor in Tokyo shows the dollar having weakened to the mid-115 yen range and the Nikkei Stock Average's fall below 17,000 with a loss of more than 600 points on Feb. 9, 2016, following a heavy sell-off on Wall Street overnight. (Kyodo) ==Kyodo

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Toyota posts record net profit for 1st half of FY 2015

Toyota Motor Corp. Managing Officer Tetsuya Otake briefs reporters on the Japanese automaker's financial results for the April-September first half of fiscal 2015, during a press conference in Tokyo on Nov. 5, 2015. Toyota posted a group net profit of 1.26 trillion yen ($10 billion), as robust sales in North America more than offset weak demand at home. (Kyodo) ==Kyodo

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Toyota posts record net profit for 1st half of FY 2015

Toyota Motor Corp. Managing Officer Tetsuya Otake briefs reporters on the Japanese automaker's financial results for the April-September first half of fiscal 2015, during a press conference in Tokyo on Nov. 5, 2015. Toyota posted a group net profit of 1.26 trillion yen ($10 billion), as robust sales in North America more than offset weak demand at home. (Kyodo) ==Kyodo

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Honda shifts Giorno mini motorbike production to Japan from China

Photo taken Sept. 11, 2015, in the southwestern Japanese town of Otsu shows a Honda Motor Co. factory that produces Giorno scooters with 50 cc engines. Honda plans to shift production of "mini" motorbikes to Japan from China amid the weak yen. (Kyodo) ==Kyodo

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Nissan to boost domestic production amid weak yen

Hiroto Saikawa (R), chief competitive officer of Nissan Motor Co., and Fukuoka Gov. Hiroshi Ogawa (C) attend an event at Nissan Motor Kyushu Co.'s plant in Kanda Town, Fukuoka Prefecture, Japan, on July 9, 2015, to commemorate the factory's cumulative output topping 15 million vehicles. Nissan disclosed the same day that it will increase its domestic production to over 1.1 million units around fiscal 2018 from about 870,000 units in fiscal 2014. (Kyodo) ==Kyodo

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Nikkei marks 1st 10-day winning streak since 1988 on weak yen

An electric board in Tokyo shows the Nikkei Stock Average closing up 78.88 points at 20,551.46 on May 28, 2015. The 225-issue average extended its streak of gains to 10 trading days amid the yen's continued weakening against the U.S. dollar. (Kyodo) ==Kyodo

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Japan's Nikkei closes below 9,500

TOKYO, Japan - A board in Tokyo's Yaesu district shows Japan's key Nikkei stock index plunging more than 3 percent on May 25, 2010, to close at 9,459.89, or below 9,500 for the first time in nearly six months as a stronger yen and weak Asian stocks took their toll on already fragile investor sentiment amid eurozone woes. (Kyodo)

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Osaka's Kuromon Ichiba market popular with foreigners

OSAKA, Japan - Foreign tourists flock to the Kuromon Ichiba market in Osaka in December 2014. The weak yen is giving a boost to the number of foreign tourists visiting the western Japan food market, dubbed "Osaka's kitchen." (Kyodo)

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Weak euro, dollar vs yen

TOKYO, Japan - A display in Tokyo shows the euro trading at 99.97-100.05 yen (2nd column) in the early hours of Dec. 31, 2011. The top column shows the dollar trading at 76.99-77.02 yen. (Kyodo)

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Nissan CEO Hiroto Saikawa

Nissan Motor Co. CEO Hiroto Saikawa speaks about the automaker's financial results at a press conference in Yokohama, near Tokyo, on May 14, 2019. Nissan's net profit in the fiscal year through March fell to 319.14 billion yen ($2.91 billion), the lowest in nine years, hit by weak U.S. sales. (Kyodo) ==Kyodo

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Nissan CEO Hiroto Saikawa

Nissan Motor Co. CEO Hiroto Saikawa speaks about the automaker's financial results at a press conference in Yokohama, near Tokyo, on May 14, 2019. Nissan's net profit in the fiscal year through March fell to 319.14 billion yen ($2.91 billion), the lowest in nine years, hit by weak U.S. sales. (Kyodo) ==Kyodo

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Nissan CEO Hiroto Saikawa

Nissan Motor Co. CEO Hiroto Saikawa speaks about the automaker's financial results at a press conference in Yokohama, near Tokyo, on May 14, 2019. Nissan's net profit in the fiscal year through March fell to 319.14 billion yen ($2.91 billion), the lowest in nine years, hit by weak U.S. sales. (Kyodo) ==Kyodo

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Nissan CEO Hiroto Saikawa

Nissan Motor Co. CEO Hiroto Saikawa speaks about the automaker's financial results at a press conference in Yokohama, near Tokyo, on May 14, 2019. Nissan's net profit in the fiscal year through March fell to 319.14 billion yen ($2.91 billion), the lowest in nine years, hit by weak U.S. sales. (Kyodo) ==Kyodo

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Nissan CEO Hiroto Saikawa

Nissan Motor Co. CEO Hiroto Saikawa speaks about the automaker's financial results at a press conference in Yokohama, near Tokyo, on May 14, 2019. Nissan's net profit in the fiscal year through March fell to 319.14 billion yen ($2.91 billion), the lowest in nine years, hit by weak U.S. sales. (Kyodo) ==Kyodo

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Nissan CEO Hiroto Saikawa

Nissan Motor Co. CEO Hiroto Saikawa speaks about the automaker's financial results at a press conference in Yokohama, near Tokyo, on May 14, 2019. Nissan's net profit in the fiscal year through March fell to 319.14 billion yen ($2.91 billion), the lowest in nine years, hit by weak U.S. sales. (Kyodo) ==Kyodo

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Nikkei ends at 2-yr high on weak yen, prospects of early election

A display near the Tokyo Stock Exchange shows the Nikkei Stock Average closing up 389.88 points at 20,299.38, on Sept. 19, 2017, its highest finish in more than two years. (Kyodo) ==Kyodo

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Nintendo upgrades full-year net profit forecast on weak yen

Nintendo Co. President Tatsumi Kimishima attends a press conference in Osaka on Jan. 31, 2017, following the company's release of earnings reports and forecast. The Kyoto-based company revised upward its earnings projection for fiscal 2016 through March, helped by the yen's depreciation. (Kyodo) ==Kyodo

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Tokyo stocks rise on persistent U.S. policy hopes, weak yen

An electronic board in Tokyo shows the key Nikkei stock index closing at 19,155.03 on Dec. 12, 2016, its highest closing level since Dec. 17, 2015, helped by continuing hopes of fiscal stimulus under U.S. President-elect Donald Trump and a weaker Japanese yen. (Kyodo) ==Kyodo

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Japan's lower house OKs extra budget to support economy

Japan's House of Representatives approves an extra budget of 4.11 trillion yen ($41 billion) in Tokyo on Oct. 4, 2016 to support a domestic economy facing sluggish growth amid weak consumer demand and business investment. (Kyodo) ==Kyodo

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Japan's lower house OKs extra budget to support economy

Japanese Prime Minister Shinzo Abe (R in front row) and Finance Minister Taro Aso (2nd from R) bow as the House of Representatives approve an extra budget of 4.11 trillion yen ($41 billion) in Tokyo on Oct. 4, 2016 to support a domestic economy facing sluggish growth amid weak consumer demand and business investment. (Kyodo) ==Kyodo

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Weak yen is last resort in boosting Japan economy: Canon head

TOKYO, Japan - Fujio Mitarai, president of Canon Inc., speaks in a recent interview with Kyodo News. He said the Japanese government should guide the value of the yen down ''as much as possible'' to pull Japan out of its economic doldrums.

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Miyazawa reiterates tolerance for weak yen

TOKYO, Japan - Finance Minister Kiichi Miyazawa speaks at a gathering of business people at a Tokyo hotel Jan. 19. Miyazawa reiterated his toleration of a weak yen and said the government will not take any immediate foreign-exchange action.

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Yen sinks, hits 145 to the dolla

The Japanese yen slides and breaks through the 145 line to the dollar momentarily in morning trading in Tokyo on June 15. Japan's weak economy left market players with little reason to hold on to the Japanese currency, dealers say. The yen hit the 145 level for the first time since August 1990. The photo shows currency dealers receiving yen-selling orders at Ueda Harlow Ltd. in downtown Tokyo.