Atsushi Saito , president of Tokyo Stock Exchange Group Inc. , said in November there would be no value in expanding Japan’s biggest stock exchange through mergers. Yesterday, the 71-year-old said he’s considering a marriage with an old rival.
Sony Corp. Chief Executive Officer Kazuo Hirai apologized to investors after the company forecast a sixth loss in seven years, and he pledged that his restructuring efforts would fuel the electronics maker’s long-term growth.
Japanese stocks declined, extending losses on the Nikkei 225 Stock Average for a third week, after the government cut its forecast for the country’s economic growth and as concern grew Europe’s debt crisis will spread.
Japan’s Topix index rose for a third day, the longest winning streak in more than a week, as better- than-forecast retail sales in the U.S. and a weaker yen boosted the outlook for exporters’ earnings.