Nikkei-inter indexes
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Business
Nikkei stock index ends above 45,000 for 1st time
The Nikkei stock index ended above the 45,000 line for the first time on Thursday, boosted by optimism about the U.S. economy after the Federal Reserve cut its benchmark interest rate. The 225-issue Nikkei Stock Average advanced 513.05 points, or 1.15 percent, from Wednesday to 45,303.43. The broader Topix index… Read
U.S. Federal Reserve cuts key rate for first time this year
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market. The move is the Fed’s first cut since December and it lowered its… Read
Jerry quits Ben & Jerry's, saying its independence on social issues has been stifled
Ben & Jerry's co-founder Jerry Greenfield is leaving the ice cream brand after 47 years, saying that the independence it once had to speak up on social issues has been stifled by parent company Unilever. In a letter that co-founder Ben Cohen posted on social media platform X on Greenfield's… Read
Amazon spends $1 billion to increase pay and lower health care costs for U.S. workers
Amazon says it's investing more than a $1 billion to raise wages and lower the cost of health care plans for its U.S. fulfillment and transportation workers. The Seattle-based company said Wednesday the average pay is increasing to more than $23 per hour. Some of its most tenured employees will… Read
Hong Kong leader unveils plans to boost economy and nurture emerging industries beyond finance
Hong Kong's leader announced plans Wednesday to speed up development of an economic powerhouse near its border with mainland China and nurture industries ranging from artificial intelligence to higher education as the city seeks new economic growth engines to maintain its international competitiveness. Chief Executive John Lee is under pressure… Read
How much for matcha? Prices for popular powdered tea soar due to global demand
The world’s fondness for matcha is about to be tested by steep price increases. Global demand for the powdered tea has skyrocketed around the world, fueled by consumer interest in its health benefits and by the bright green matcha lattes bubbling up on social media. In the U.S., retail sales… Read
Japan's exports to U.S. down 14% in August; fall for 5th month in a row
Japan's exports to the United States in August dropped 13.8 percent from a year earlier to 1.39 trillion yen ($9.5 billion), falling for the fifth straight month, as auto shipments plunged amid higher tariffs, government data showed Wednesday. The trade surplus with the United States shrank 50.5 percent to 324… Read
Japan land prices up at fastest pace since 1992 on housing demand, tourism
The average overall price of land in Japan as of July 1 rose 1.5 percent from a year earlier, marking the sharpest growth since 1992, boosted by solid housing demand and inbound tourism, government data showed Tuesday. The price climbed for the fourth straight year, also lifted by robust investment… Read
Japan's toy market boosted by robust adult demand
The toy market in Japan is on an upward trend despite the country's declining birthrate, boosted by robust demand by adults seeing gadgets as an affordable hobby and means to connect with others via social media, a research firm said. The market in fiscal 2024 grew 7.9 percent from a… Read
Toyota launches box-shaped e-Palette compact electric bus in Japan
Toyota Motor Corp has launched the box-shaped e-Palette compact electric bus in Japan that can be used not only for transportation but also as a mobile store or service space. The starting price for the battery-powered bus with capacity for 17 people, including a driver, and maximum speed of 80… Read
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