Japan

Nippon Steel (OTC:NPSCY) proposed granting the U.S. government veto power over reductions in U.S. Steel Corp’s (NYSE:X) production capacity in a bid to secure approval from President Joe Biden for its $14.9 billion acquisition of the American steelmaker. The Washington Post, which first...

Honda Motor Co. Ltd. (OTC:HNDAF) shares soared nearly 13.55% in Tokyo trading on Tuesday, marking their biggest one-day gain since 2008, after the Japanese automaker announced a massive share buyback plan and confirmed merger discussions with Nissan Motor Co. Ltd. (OTC:NSANY). While Honda shares...

Another country now faces a significant risk of economic stagnation warned veteran economist Mohamed A. El-Erian, in an X post, as the the major economic power’s short-term bond yields plummeted to a two-decade low on Friday. What Happened: The yield on one-year Chinese government debt...

Japanese company SoftBank (OTC:SFTBF)(OTC:SFTBY) announced a $100 billion investment and 100,000 jobs created in a commitment to the U.S. on Monday, confirming earlier reports. What Happened: SoftBank CEO Masayoshi Son made the announcement alongside President-elect Donald Trump at Mar-a-Lago...

Ahead of next week's Bank of Japan (BoJ) meeting, investor sentiment is shifting back toward the ‘BoJ trade’ — a strategy that plays on long Japanese equities and banks, while shorting the yen and Japanese government bonds (JGBs). Despite recent reports suggesting the BoJ is unlikely to...

Japanese Bitcoin (CRYPTO: BTC) and cryptocurrency exchange DMM Bitcoin will liquidate after a $321 million fraud in May crippled its operations, affecting 450,000 client accounts and 96.2 billion yen in assets. What Happened: By March, the exchange plans to transfer assets to SBI VC Trade, an SBI...

The U.S. dollar is poised to end an eight-week winning streak with its worst weekly drop since mid-August, as resilient European currencies and a surging Japanese yen pull the greenback lower. A currency-weighted gauge of the dollar, tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP...

The U.S. dollar surged past 155.60 yen on Wednesday, hitting levels unseen in nearly four months. What Happened: Investors piled back into yen-dollar carry trades. The speculation is that the incoming Trump administration will aggressively hike tariffs on imports. Economists expect the planned...

Nvidia Corp (NASDAQ:NVDA) and SoftBank Group (OTC:SFTBF) (OTC:SFTBY) announced a partnership on Tuesday to establish Japan’s most powerful artificial intelligence supercomputer, marking a significant step in the country’s push to become a global AI powerhouse. What Happened: The...

NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang doesn't wear a watch, which can sometimes be a status symbol of the rich and famous. Huang has watched his wealth soar in 2024 as Nvidia stock has increased substantially year-to-date. What Happened: Huang's wealth is up $84.8 billion in 2024, but...

The Japanese Yen, as tracked by the Invesco CurrencyShares Japanese Yen Trust (NYSE:FXY), weakened past 153.20 per U.S. dollar on Monday, marking its lowest level since late July 2024. The decline follows a significant political shakeup over the weekend, as Japan’s ruling coalition – the...

A surprising voter focus on inflation in Japan’s general election, alongside global economic concerns, has sparked comments from Mohamed El-Erian, Chief Economic Advisor at Allianz about shifting economic paradigms in traditionally low-inflation economies. What Happened: El-Erian highlighted...

To gain an edge, this is what you need to know today. Nasdaq Breakout? Please click here for a chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows QQQ is in the resistance zone. The chart shows that QQQ moved up on giant Tesla Inc (NASDAQ:TSLA) earnings. ...

Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) has successfully secured 281.8 billion yen, approximately $1.9 billion, via a yen-denominated bond offering. This represents the company’s largest bond sale in Japan’s currency in five years. What Happened: This issuance of Samurai bonds...

To gain an edge, this is what you need to know today. Important Data Ahead Please click here for an enalrged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the dip in the market caused by...