Individual investors refresh Japan's market

Article Abstract:

The Tokyo Stock Exchange's excellent performance in 1999 has made it the darling of Japanese investors once again. Individual investors accounted for as much as 29% of the stock exchange's trading value in 1999 and helped pushed the Nikkei Index above 19,000 points. However, it has taken the stock market nearly 10 years to regain the confidence of investors after the Tokyo Crash of 1990. The stabilization of Japan's banking system and the return to profitability of many Japanese companies were cited as the reason for Tokyo Stock Exchange's sterling performance.

Securities and Commodity Exchanges, Market information - general, Misc Stock Exchanges, Stock exchanges, Tokyo Stock Exchange

---

Yahoo Japan first to sell for $1M a share

Article Abstract:

Yahoo Japan shares, launched in Nov 1997, are worth 135 million yen ($1.24 million) as of Feb 17, 2000. The company's shares, which debuted at 2 million yen each, have increased in value by 6,600%. Yahoo Japan's shares, which have been split twice, is helped by its relatively low liquidity in the Japanese stock market. Analysts expect the company's shares to reach a minimum of 160 million yen ($1.47 million) per share.

Financial analysis, Internet service providers, Yahoo Japan Corp.

---

Some Japanese turn to U.S. banks for service

Article Abstract:

US banks, as well as other foreign banks, are being sought by Japanese firms and individuals who want more efficient banking service. Citing low returns and poor service, many Japanese savers are turning to US retail banks because they offer innovations that include Internet services, telephone banking and 24-hour ATMs. According to analysts, Japanese banks could improve their competitiveness by merging with foreign banks and not among themselves.

United States, Commercial Banking, Services information, Commercial Banks

Similar abstracts:

• Abstracts: Japan's NTT to cut telephone rates for foreign carriers. In Tokyo, fingers point at Ford for 'bad match'. U.S.: Lack of cheap talk hurts Japan
• Abstracts: Drug merger turns into tense triangle. Drug firms polish merger. $80 billion drug merger talks back on
• Abstracts: Auto ads for fall sales focus on accessibility, heritage. Prodigy sees comeback in stars. Kmart embraces change with the Judds

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.