|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||25.65 - 25.65|
|52 Week Range||25.28 - 31.99|
|Beta (5Y Monthly)||0.34|
|PE Ratio (TTM)||11.57|
|Forward Dividend & Yield||1.12 (4.38%)|
|Ex-Dividend Date||Mar. 30, 2020|
|1y Target Est||N/A|
Japanese shares inched up on Friday but hovered below their post-pandemic high touched earlier this week, as investors grew cautious about expensive valuations and a murky earnings outlook ahead of a long weekend. At midday, Japan's Nikkei share average was up 0.03% at 23,326.00 and the broader Topix 0.22% to 1,642.01. Both the indexes stopped well short of testing a near seven-month peak scaled on Monday on hopes new Japanese Prime Minister Yoshihide Suga will ensure political stability and policy continuity.
Japanese shares inched higher on Monday as investors awaited election results for the country's ruling party to choose a successor to Prime Minister Shinzo Abe. Japanese Chief Cabinet Secretary Yoshihide Suga is poised to become head of Japan's ruling party on Monday and prime minister on Wednesday, succeeding Abe, the nation's longest-serving leader. As Suga has long been a loyal aide to Abe and has vowed to continue his policies, few market players expect radical changes.
(Bloomberg) -- Yoshihide Suga, the front-runner to become Japan’s next prime minister, repeated his calls for lower mobile phone fees ahead of elections this week expected to land him the country’s top job.“Some may say that its wrong for the government to meddle in what private companies are doing, but phone radio waves belong to the people,” Suga said in an interview Sunday on Fuji TV. “The top three firms have monopolized 90% of the share and competition isn’t working.”Suga is the clear favorite to win party elections Monday and take over from Shinzo Abe as prime minister with the job of digging Japan out of its worst economic slump in decades. Abe is stepping down due to health issues.Japan’s Continuity Candidate Suga Could Also Dial In ReformSuga has pledged to keep the ultra-easy monetary policy of Abenomics, but his concern about the high cost of mobile phone service suggests pleasing consumers may be a higher priority for him than reaching the Bank of Japan’s 2% inflation target quickly or keeping boardroom executives happy.Suga said cell phone fees for consumers could be cut by 40%. In particular, he said he wants the cost of plans with large data packages to come down further. He added that the government should consider charging the carriers more for the use of public radio waves as a way to generate more revenue.Shares of Japan’s top telecoms have dropped since Suga announced his candidacy, even as the overall market rose. NTT Docomo Inc. declined 2.1%, KDDI Corp. fell 1.5%, and Softbank Corp. slid 5%.On the question of Japan’s growing public debt, Suga said he’s against setting any limit on bond issuances given the current crisis, although he said he still sees the need for fiscal discipline.Speaking later on public broadcaster NHK, Suga said Japan’s pandemic-hit economy might need more fiscal stimulus than what remains in current reserve funds.“If more is necessary beyond that,” he said, “we’ll respond as needed.”(Adds more comments from Suga.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.