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Japan’s benchmark Nikkei reclaims 70,000 for 1st time since July-Xinhua

TOKYO, Oct. 5 (Xinhua) -- Tokyo stocks opened sharply higher Monday, with the Nikkei stock index rising above the 70,000 mark for the first time since early July. At 10:37 a.m. local time, the 225-issue Nikkei Stock Average rose 1,714.81 points, or 2.51 percent, from Friday's close to 70,024.27. The broader Topix index, meanwhile, was up 45.61 points, or 1.11 percent, at 4,136.61. Market sentiment was lifted by gains on Wall Street as expectations for a Federal Reserve rate hike this month receded following weaker-than-expected U.S. nonfarm payrolls data for September. ■ Source link

Economic Watch: Rising prices, weak spending put Japan’s policymakers in tight spot-Xinhua

TOKYO, Oct. 4 (Xinhua) -- At a chain store in Tokyo, the Japanese capital, a notice announcing price adjustments on selected items is hard to miss. These days, price hikes not only rank among the most talked-about topics in Japanese media but are also keenly felt in daily life, from household goods to food and from supermarkets to restaurants. RISING PRICES, WEAK CONSUMPTION According to a survey released by Japanese research firm Teikoku Databank Ltd., more than 3,000 food and beverage items in the country are set to go up in price in October, with the full-year tally for 2026 expected to top 20,000. Data recently released by the Bank of Japan (BOJ) showed that the consumer price index excluding institutional factors rose 2.6 percent year on year in August, overshooting the centra...

U.S. Marine arrested on suspicion of robbery-murder in Japan’s Okinawa-Xinhua

TOKYO, Oct. 4 (Xinhua) -- A U.S. Marine stationed in Japan's Okinawa Prefecture was arrested by police on Sunday on suspicion of robbery and murder in connection with the killing of a woman at a hotel in Naha on Saturday, in which her belongings were taken, public broadcaster NHK reported. The suspect, 20, is stationed at U.S. Marine Corps Air Station Futenma in Okinawa. ■ Source link