Hideyuki Sano

Japan’s Topix stock index is poised for its biggest overhaul, with more than 600 companies — over a third of its constituents — likely to be gradually removed under new eligibility rules, according to analysts’ estimates.

Japan's Topix stock index is poised for its biggest overhaul, with more than 600 companies — over a third of its constituents — likely to be gradually removed under new eligibility rules, according to analysts' estimates.

Also, activist investors face tougher times in Japan.

Japan’s Government Pension Investment Fund posted a record gain in the three months ended in June as global and domestic stocks rallied, offsetting weakness from government bonds.

The Government Pension Investment Fund, one of the world’s largest, had an unprecedented ¥24.1 trillion quarterly gain, an 8.2% return, with assets totaling ¥317.76 trillion.

Japanese companies posted their largest earnings beat in five years despite soaring oil costs, fueling hopes that strong profit growth across sectors can broaden the market rally beyond AI-related trades.

(Bloomberg) -- Japanese companies posted their largest earnings beat in five years despite soaring oil costs, fueling hopes that strong profit growth across sectors can broaden the market rally beyond AI-related trades.

Japan’s transformation from sleeping economic giant to magnet for growth and investment is set to face its fastest sequence of interest rate hikes since the bursting of Tokyo’s asset bubble more than a generation ago.

The yen is vulnerable to sharp moves and further declines over the next week, with a three-day holiday in Japan set to reduce trading liquidity and investors disappointed that the central bank didn’t offer stronger guidance on the pace of future interest rate hikes.

Hedge fund managers pitched a range of Japanese companies from machinery makers to software providers at the inaugural Sohn Tokyo Investment Conference on Friday.