Yahoo Japan Corp. slumped after agreeing to buy eAccess Ltd. for 324 billion yen ($3.2 billion) from parent SoftBank Corp. as the nation’s most-visited Web portal expands in wireless data and voice businesses.
Japan’s government nominated BNP Paribas SA economist Ryutaro Kono to join the central bank’s policy board, drawing criticism from lawmakers concerned that he won’t support bolder action to end decade-long deflation.
Nintendo Co. President Satoru Iwata has pledged that the “Super Mario” game creator will post a 100 billion-yen ($1 billion) operating profit this fiscal year as new software titles boost sales. Analysts say he’ll fail.
Sony Corp. and Nintendo Co. unexpectedly slashed their profit forecasts in response to the failure of their televisions and handheld game players to keep pace with products from Samsung Electronics Co. and Apple Inc.
Japan’s consumer prices rose 0.2 percent in April from a year earlier, the third monthly increase, showing the Bank of Japan remains distant from a 1 percent inflation target after years of falling prices.
Yahoo Japan Corp. fell the most in three weeks in Tokyo trading as the government said it will question the company about plans to display advertisements based on the contents of users’ e-mail messages.
Japan’s Nikkei 225 Stock Average fell 287.87, or 2.6 percent, to 10,924.79 at the close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.