March 16, 1999 |
Japan's benchmark stock index climbed Monday to a seven-month high as the Bank of Japan continued to flood the banking system with money. The Nikkei-225 index jumped 1.9% to 15,779, its highest close since Aug. 7. Many other foreign stock markets also rallied further. Latin American markets were particularly strong, with Brazil's main share index, the Bovespa, soaring 8.8% to 10,413--also the highest close in seven months.
May 13, 1998 |
If only you had a nickel for every time someone called the Japanese stock market a "bargain" over the last eight years. Tokyo share prices are on a fresh downward trajectory, with the Nikkei-225 index threatening to fall below 15,000 again, weighed down by East Asia's worsening economic and social woes. After bottoming at 14,664 on Jan. 12 amid Indonesia's currency collapse, the Nikkei had rallied 18% to 17,264 by March 2.
April 1, 1998 |
The stock market here ended the fiscal year far short of the government's unofficial target Tuesday, disappointing policymakers and threatening a new downward spiral for Japan's economy. By midday today the disappointment was palpable, as stocks tumbled again and the yen hovered near six-year lows. For weeks, top officials of the ruling Liberal Democratic Party declared they wanted the Nikkei-225 stock index to end the 1997 fiscal year above the 18,000 level, equal to last year's close.
June 24, 1997 |
If you're worried about the high-flying U.S. stock market, you might want to shift some money into international mutual funds. Believe it or not, you should even consider funds with hefty stakes in Japan. At first glance, that might not sound too enticing. After all, who would want to pull money out of the robust American stock market and redeploy it in Japan, where investment profits in recent years have been as scarce as elbow room on the Tokyo subway?
July 8, 1996 |
Tokyo Market Drops in Early Trading: Japanese stocks fell to a three-week low today after an unexpected surge in U.S. jobs signaled that interest rates may be forced higher globally by the threat of inflation. All of the Topix index's 33 industry groups' stocks fell. Interest rate-sensitive groups, such as insurance, real estate and steelmakers, declined the most. The benchmark Nikkei 225 stock average fell 236.64, or 1.06%, to 21,995.78, the lowest since June 12.
June 12, 1995 |
For years, Japan's ownership of many billions of dollars worth of U.S. Treasury bonds has carried with it an implied threat: If the Japanese ever chose to sell en masse, they could conceivably cause a market meltdown. On Friday, rumors of such a premeditated dumping of U.S. bonds by Japan--supposedly ordered by the country's Ministry of Finance--swept through Wall Street, triggering the worst one-day selloff in bonds since last September and sending yields soaring.