More than 15 firms submitted bids last month for Sankei Building, with several offers exceeding 1 trillion yen.
Fuji Media's real estate unit drew strong interest in the sale of Sankei Building. More than 15 companies submitted bids last month. Several offers exceeded 1 trillion yen, or 6.3 billion dollars. The bidding reflects robust demand in the Japanese real estate sector.
Societe Generale estimates $76 billion in Japanese government bond purchases if the Government Pension Investment Fund rebalances its assets. The projection follows Finance Minister Satsuki Katayama's call last week for greater domestic investment by pension funds.
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Japanese companies issued ¥1 trillion worth of convertible bonds in the first half of the year, the highest amount since 2004.
Japan's Nikkei 225 Stock Average surged 5.6 percent to close at a record 62,833.84 on optimism about a potential U.S.-Iran agreement.
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Sharp has set a target of 300 billion yen in sales from new businesses by fiscal 2030. The company also plans to grow its satellite communications equipment operations.