Japan’s second-largest city; a port and economic hub in the Greater Tokyo Area
Toyota has raised its full-year operating profit forecast, with sales expected to reach 24.15 trillion yen and profit forecast increasing to 5650 billion yen for the year ending March 2027, buoyed by a weak yen and hybrid demand. Analysts project higher profit than the company's forecast, underscoring mixed signals from markets and ongoing supply-chain pressures.
A magnitude 5.8–5.9 earthquake struck southern Ibaraki and rattled Tokyo, injuring dozens across five prefectures. Trains faced delays; Shinkansen service remains normal. Authorities set up a task force to assess damage as residents brace for possible aftershocks.
The Bank of Japan has kept its policy rate at 1.25% and is signaling a December or January hike could follow as inflation and wages rise. Analysts see a terminal rate around 1.75%–2%, with the yen and yields responding to policy shifts, energy costs, and wage growth.