Tag: Japanese

Foreigners Net Sellers of Japanese Stocks for Fourth Straight Week | Investing News

(Reuters) – Foreign investors remained net sellers of Japanese equities last week on concerns over a slow global economic recovery, with data on U.S. economic activity showing a sedate progress.

Data from Japanese exchanges showed foreigners were net sellers of stocks worth 383.61 billion yen ($3.64 billion) for the week ended Sept. 25, the biggest in eight weeks.

They sold 184.79 billion yen in cash equities markets, and 198.82 billion yen in derivatives.

Graphic – Foreign flows into Japanese stocks: https://fingfx.thomsonreuters.com/gfx/mkt/rlgpdjgbjpo/Foreign%20flows%20into%20Japanese%20stocks.jpg

Investors sought to limit exposures to downside risks as the global economic outlook darkened on rising COVID-19 infections in Europe as well as on uncertainties over the U.S. presidential election.

Last week, data showed that U.S. business activity cooled in September, dampening hopes about a recovery from the pandemic recession.

Japanese stock indexes, the Topix index <.TOPX> and the Nikkei share average <.N225>, both fell about 0.7% last week.

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TransEnterix Announces Establishment of Japanese Training Center for Senhance Surgical System

RESEARCH TRIANGLE PARK, N.C.–(BUSINESS WIRE)–TransEnterix, Inc. (NYSE American:TRXC), a medical device company that is digitizing the interface between the surgeon and the patient to improve minimally invasive surgery, today announced that it established the first training center for the Senhance® Surgical System in the Asia-Pacific region in Japan at the Saitama Medical University International Medical Center in the Greater Tokyo Area.

“The Asia-Pacific region has been a major contributor of new system placements and surgical cases utilizing Senhance, a trend that we would expect to continue into the future,” said Anthony Fernando, president and chief executive officer at TransEnterix. “We see the establishment of a dedicated surgical training center at Saitama as an important milestone in enabling faster adoption of Senhance in minimally invasive surgery throughout the region. Given the growth and opportunity in the Asia-Pacific region, we are pleased to provide local access to training for

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Foreigners net sellers of Japanese stocks for second straight week

Sept 17 (Reuters)Foreign investors remained net sellers of Japanese equities last week on economic slowdown worries due to the coronavirus crisis and a broader global selloff in technology shares.

Data from Japanese exchanges showed foreigners were net sellers of stocks worth 333.28 billion yen ($3.18 billion) for the week ended Sept. 11, the biggest in six weeks.

They sold 444.06 billion yen in cash equities markets, but purchased 110.78 billion yen worth of derivatives.

Sell off in big global technology companies exacerbated last week, with U.S. tech heavy Nasdaq index .IXIC shedding over 4% to mark its worst week since mid-March.

Japan’s SoftBank Group Corp 9984.T slumped about 7.5% last week as investors fretted about the conglomerate’s exposure to U.S. tech stocks and their big bets on equity derivatives tied to tech firms.

However, Japan’s broader indexes – the Topix index .TOPX and the Nikkei share average .N225

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Japanese Consultant Becomes Billionaire By Battling Activist Investors

The recent rise of shareholder activism in Japan has boosted the stock price of Tokyo-listed IR Japan, a consultancy specializing in shareholder relations, elevating its CEO Shirou Terashita into the ranks of the world’s billionaires.

Terashita, 61, saw his fortune rise to $1 billion as shares of IR Japan soared 247% over the past year. He declined to comment for this story.

Investors are optimistic about the growth potential of the Tokyo-based firm, which is said to have a high level of expertise in proxy fights at shareholder annual general meetings and also provides advisory services like measures to counter activist investors.

In the quarter ended in June, IR Japan said its sales had jumped 9.7% from a year earlier to 2.38 billion yen (about $20 million). The company’s net profit came in at 913 million yen, up 7.8% from the

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Japanese online brokerage SBI considering retreat from Hong Kong

TOKYO, Sept 9 (Reuters) – Japan’s giant online brokerage SBI Holdings Inc is considering retreating from Hong Kong which has been unstable due to a new security law imposed by China, a spokesman said on Wednesday, confirming reports by local media.

SBI, which operates a securities business as well as research and development of medical supplies in Hong Kong, has become the first Japanese financial firm to clearly indicate such a move is under consideration.

“It’s true we are considering retreating from Hong Kong or downsizing our business there,” the spokesman said, adding the company believes Hong Kong’s status as a global financial centre may fall.

The spokesman said the company employs dozens of people there but declined to comment on where it might move to.

Chief Executive Yoshitaka Kitao has pledged to position Japan as a global financial centre, replacing Hong Kong, according to Japan’s Jiji news agency.


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Japanese Billionaire Regrets Losing $41 Million in Stock Trading

(Bloomberg) — A Japanese billionaire said on Twitter that he had lost 4.4 billion yen ($41.4 million) by trading stocks amid volatile swings triggered by the pandemic.

In a tweet titled “Deep Regrets,” Yusaku Maezawa, founder and former chief executive of online fashion retailer Zozo Inc., said he lost money through day trading — a practice he has failed to master. He expressed regret over the sum he had lost and vowed to recover it through his business.

“I was blinded by the virus-driven market swings and lost 4.4 billion yen through repeated short-term trading of stocks, something I haven’t familiarized myself with,” Maezawa said in the Sunday tweet. “With 4.4 billion yen, how many people could the money have been given out to and saved? There’s no end to this regret.”

Yusaku Maezawa posing for the camera: News Conference As Yahoo Japan Agrees to Buy Majority Stake in Fashion Site Zozo

© Bloomberg
News Conference As Yahoo Japan Agrees to Buy Majority Stake in Fashion Site Zozo

Yusaku Maezawa

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