TDK Corp., the world’s biggest maker of magnetic heads for disk drives, rose for the first time in three days in Tokyo trading on plans to cut about 12 percent of its workforce after profit plunged 74 percent.
Japanese stocks snapped a four-week losing streak as investors bet the yen will weaken from near record highs amid speculation U.S. Federal Reserve Chairman Ben S. Bernanke won’t unveil new measures to prop up the world’s largest economy in a speech today
The following are comments by investors and analysts following today’s earthquake in Japan. An 8.9-magnitude earthquake struck the coast of Japan, causing a tsunami as high as 10 meters that inundated towns north of Tokyo.
Osaka Securities Exchange Co., operator of Japan’s second-largest exchange, surged the most in almost two years after the Asahi newspaper reported the Tokyo Stock Exchange Group Inc. is seeking a takeover.
Sapporo Holdings Ltd. , the maker of Yebisu beer, rose to the highest level in more than two months in Tokyo trading on speculation Warren Lichtenstein ’s Steel Partners further reduced its stake in the brewer.