NTT Communications Corp. agreed to buy Virtela Technology Services Inc. for about 50 billion yen ($512 million) to expand in U.S. cloud computing, according to a person with direct knowledge of the situation.
Yahoo Japan Corp., the nation’s most- visited Web portal, said applications for new stores on its shopping site surged after billionaire Chairman Masayoshi Son eliminated fees for online retail outlets.
Japanese shares seen as benefiting from the 2020 Olympics surged too far, too fast after Tokyo won hosting rights, with the rally outweighing the estimated economic impact, according to Shinkin Asset Management Co.
Japanese shares fell, with the Topix index halting a two-day gain, as exporters retreated after the yen strengthened and amid increased expectations the U.S. Federal Reserve will reduce stimulus in September.
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.