Japan’s nuclear regulator signaled it’s closer to a ruling on safety standards at one or more of the country’s reactors, and clearing one obstacle on the way to allowing the restart of plants shut after the 2011 disaster.
Japanese shares rose, after the Topix index capped a fifth week of declines, as the yen weakened following U.S. jobs data and ahead of Federal Reserve Chairman Janet Yellen’s first policy report to lawmakers.
Japanese utilities including Tokyo Electric Power Co. leaned on customer rate increases to boost their financial performances in the first nine months of their fiscal years, as idled nuclear plants kept fuel costs high.
Japanese shares fell, with the Nikkei 225 Stock Average entering a correction, as investors weighed corporate earnings and slowing Chinese manufacturing growth increased concern the global economic recovery is faltering.
Asian stocks fell, with Japan’s Nikkei 225 Stock Average extending its slump from its close on the final day of 2013 to 10 percent, after a slowdown in Chinese manufacturing growth added to concern the global economic recovery is faltering.
Tokyo Electric Power Co., operator of the wrecked Fukushima Dai-Ichi nuclear power station, returned to profit in the first nine months of its fiscal year after raising customers’ electricity rates and cutting costs.