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Business & Finance

Nikkei 225 Tops 60,000 for the First Time: How It Differs from the 1989 Bubble in 5 Numbers

On April 23, 2026, the Nikkei 225 crossed 60,000 intraday for the first time in history. We compare this milestone with the 1989 bubble peak at 38,915 yen, examining USD-based performance, the foreign ownership shift from 5% to 32.4%, the PER drop from 60x to 16x, and the heavy concentration in just a handful of AI and semiconductor stocks like SoftBank Group, which surged 9.6%.

Business & Finance

Nidec Accounting Scandal: $1 Billion Hit Confirmed as Founder's Era Ends

Nidec's third-party committee finalized its probe: accumulated net profit impact hit 161 billion yen (about $1 billion). Founder Shigenobu Nagamori's excessive pressure was identified as the root cause, marking a turning point for Japan's charismatic founder model. Compared with Toshiba and Olympus.

Business & Finance

Nikkei 225 Record High at 59,518: Iran Peace, AI Rally, BOJ Retreat, and Bank Stock Revival Converge

On April 16, 2026, the Nikkei 225 closed at an all-time high of 59,518, up 1,384 points. We break down the structural drivers: US-Iran peace hopes, S&P 500 crossing 7,000, BOJ April rate-hike odds collapsing from 55% to 30% after Finance Minister Katayama's rebuke, USD/JPY at 158, and a 16.5% surge from end-March. Plus the simultaneous rally in tech and regional bank stocks, DAX comparison, and the April foreign-flow anomaly.

Tech & Science

Alpaca Becomes First Japanese-Founded US Unicorn: Brokerage API Startup Aims to Be the 'AWS of Finance' at $1.15B Valuation

Alpaca, founded by two Japanese entrepreneurs in Silicon Valley, hit a $1.15 billion valuation in its Series D round, becoming the first Japanese-founded US unicorn. Serving SBI Securities, Kraken, and 300+ institutions across 40 countries, it aims to be the 'AWS of finance', alongside Plaid and Stripe. Why did they build this in America, not Japan?

Business & Finance

Elliott's $1 Billion Bet on Daikin Signals a Strategic Shift: Japan's Activist Playbook No Longer Requires Hidden Assets

Elliott Investment Management has poured over $1 billion into Daikin Industries, the world's largest HVAC maker, demanding margin improvements, ¥150 billion in annual buybacks, and a portfolio overhaul. Unlike Elliott's usual Japan targets rich in real estate and cross-shareholdings, Daikin marks a strategic pivot toward operational activism, fueled by HVAC sector expertise gained from Johnson Controls.

News, Society & Economy

BOJ Governor Ueda's 3-Year Report Card: From Negative Rates to 0.75%, Long-Term Yields Hit 27-Year High of 2.43%

Three years into Governor Ueda's tenure, the BOJ has raised rates four times from negative territory to 0.75%, while long-term yields hit a 27-year high of 2.43%. We examine the IMF's call for continued hikes, April rate hike expectations, impacts on mortgages and corporate investment, and Japan's unique position as the only G7 nation still tightening.