Published on 09/11/2025 at 02:52 am EDT
(MT Newswires) -- Japanese shares rose for a second straight session on Thursday after SoftBank (TYO:9984) surged nearly 9% on Oracle's AI-driven rally and as investors bet U.S. inflation data will clear the way for rate cuts.
The Nikkei 225 rose 1.22%, or 534.83 points, to end at 44,372.50, a new all-time high.
SoftBank jumped nearly 9% after partner Oracle soared 36% in its biggest one-day gain since 1992 on strong AI-driven cloud demand.
A benign U.S. producer prices reading boosted bets on three Federal Reserve cuts this year, with markets fully pricing in a quarter-point move next week and a slim chance of a 50 bps cut. Investors now await the consumer price data for August.
In economic data, Japan's business survey index for large manufacturers rose 3.8% in the third quarter, beating forecasts for a 3.3% fall, after a 4.8% drop in the previous quarter, the Cabinet Office said on Thursday. The non-manufacturing BSI grew 5.2%, lifting the overall index for big firms to 4.7%.
Separately, Japan's producer price index rose 2.7% on year in August but slipped 0.2% from July, the Bank of Japan said. Export prices fell 1.1% and import prices dropped 4.6%.
On the corporate front, Nissan Motoris speeding up model development to 37 months from more than 50 as it seeks to recover from its worst financial crisis in 25 years, CEO Ivan Espinosa told Bloomberg News. The move comes as China's BYD develops cars in as few as 24 months.
Nissan is also set to end production at its Oppama plant by 2028 and declined to comment on a possible 90 billion yen Yokohama HQ sale, the report said.
Tobila Systems posted an 11% rise in nine-month profit to 516 million yen, with EPS up to 50.40 yen and sales climbing 17% to 2.07 billion yen. The firm expects full-year profit of 554 million yen, EPS of 53.18 yen, sales of 2.65 billion yen, and a year-end dividend of 20 yen per share.
Fuji Media will sell about 10.6 million shares in Toei Animation (TYO:4816) via its overseas secondary offering, cutting its stake to 3.19%, a filing showed. Pricing is set for Sept. 11 or 12.

Sumber : MT Newswires