Joe Hirao wants ZIGExN Co. to surpass companies controlled by Japan’s richest Internet billionaires after its initial public offering saw the shares more than double on the first day investors traded the stock.
Japan’s Nikkei 225 Stock Average could fall about 20 percent to 12,000 if the government doesn’t do more to persuade investors its economic stimulus efforts will succeed, Nomura Holdings Inc.’s head of Japan equities said.
DeNA Co., the Tokyo-based company whose service lets people play games on mobile phones, is seeking to expand its e-commerce and mobile entertainment businesses and is mulling acquisition opportunities.
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.
U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record, as Amazon.com Inc. and Microsoft Corp. sales beat estimates while a drop in consumer confidence added to speculation the Federal Reserve will delay scaling back monetary stimulus.
Asian stocks rose this week, sending the benchmark index to its biggest advance in three weeks, amid optimism U.S. lawmakers would make a deal to raise the nation’s borrowing cap and avert a default. Japanese shares advanced as the yen weakened.