The combined net profit of listed Japanese companies in the April-December period topped the level in the same period of 2019 prior to the COVID-19 pandemic, as a recovery in consumer spending and the easing of a global chip crunch bolstered growth, according to data from a securities house. The…
Aug 4, 2021
The shadow of the Olympics has hung over Japan’s range-bound stock market for months, with some fearing COVID-19 disaster while others hoping that medal wins would help the country mentally move past the pandemic.
With less than a week of the games to go, chances are looking good the Olympics themselves will be considered an achievement. COVID-related disruptions have been minimal, while Japan’s athletes have already taken home a record haul of gold medals.
However, the market outlook is mixed, with analysts divided over whether Japanese equities which usually get a boost from a rich medal haul will rally in the months ahead as vaccinations proceed apace. The alternative is that a growing wave of COVID-19 cases and public disillusionment over the handling of the pandemic lead to political instability, worsening the underperformance of Japan’s stock benchmarks.
Post-Olympics stock bounce in Japan depends on beating outbreak 3 min. today at 09:43
The Nikkei 225 is up just 0.5% for the year, among the worst-performing developed-market benchmarks tracked by Bloomberg The Nikkei 225 is up just 0.5% for the year, among the worst-performing developed-market benchmarks tracked by Bloomberg
The shadow of the Olympics has hung over Japanâs range-bound stock market for months, with some fearing Covid disaster while others have hoped medal wins would help the country mentally move past the pandemic.
With less than a week of the games to go, chances are looking good the Olympics themselves will be considered an achievement. Covid-related disruptions have been minimal, while Japanâs athletes have already taken home a record haul of 20 gold medals.
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Nintendo s Animal Crossing video game characters are displayed inside the Nintendo Tokyo store. Nintendo is one of the winners in the pandemic-hit economy. | BLOOMBERG
JIJI Feb 16, 2021
Japanese firms are facing two drastically different business conditions as a result of the coronavirus pandemic, with those struggling amid weak demand seeing no way out of the crisis.
While manufacturers are generally seeing booming business thanks to demand from domestic consumers opting to stay home amid the pandemic, many outside the realm of manufacturing, such as airlines and railway operators, are facing an uphill battle.