TSE Regular Trading, Jackson Hole Keynotes, and Tender Offer Developments
Three Key Market Drivers Today
As of 17:00 on August 28, Bank of Japan rates stood at 159.50–159.51 for USD/JPY, 1.1646–1.1647 for EUR/USD, and 185.76–185.80 for EUR/JPY.
Major US indices closed slightly lower on August 28. Federal Reserve Chair Warsh emphasized price stability at Jackson Hole, stating that confidence is needed that underlying inflation is moving toward the target quickly enough.
Key TSE Prime disclosures included Dentsu Soken recommending acceptance of an Itochu-led tender offer, GungHo entering a capital and business alliance with Sony Music, and Sumitomo Pharma anticipating extraordinary income from retirement trust refund.
The Tokyo Stock Exchange conducts regular trading on August 31. Covering disclosures from 15:30 JST on August 28 to 05:30 JST on August 31, we review Bank of Japan foreign exchange conditions, the three major US indices on August 28, Federal Reserve comments, BLS announcements, and TSE Prime post-close disclosures based on primary sources.
Japan Markets
TSE Regular Trading on August 31
August 31 is not a market holiday on the JPX August 2026 calendar, and the TSE conducts regular trading. Cash trading had not yet commenced at the cutoff time.
FX, Rates & Macro
BOJ 17:00 Spot USD/JPY at 159.50–159.51
According to the Bank of Japan, USD/JPY stood at 159.50–159.51 at 17:00 on August 28. A weaker yen generally supports export earnings in yen terms while raising import costs.
Fed Chair Emphasizes Price Stability and Data Dependency
Federal Reserve Chair Warsh indicated at Jackson Hole that forward guidance should remain limited under normal conditions, noting that underlying inflation must move clearly toward the 2% target.
BLS Releases Preliminary Benchmark Revision and QCEW
The US Bureau of Labor Statistics released preliminary benchmark revisions showing a modest downward adjustment to nonfarm payrolls, while Q1 average weekly wages rose 3.9% year-on-year.
US Markets
Final closing values for August 28 are used over the weekend.
Dow Jones Industrial Average
DJIA · Close
53,559.99
−9.45−0.02% (down)
S&P 500
SPX · Close
7,711.76
−19.23−0.2% (down)
Nasdaq Composite
COMP · Close
26,402.42
−138.93−0.5% (down)
US Indices Edge Modestly Lower
On August 28, the Dow fell 9.45 dollars to 53,559.99, the S&P 500 lost 19.23 points to 7,711.76, and the Nasdaq Composite fell 138.93 points to 26,402.42.
August 28 Regular Session, Using Confirmed Data Over Weekend
According to NYSE and Nasdaq calendars, August 28 was a regular session from 09:30 to 16:00 EDT. As August 31 05:30 JST falls over the weekend, confirmed data from August 28 is used.
Prime Companies
DENTSU SOKEN INC. (4812)
Recommends Acceptance of Tender Offer by ITOCHU Group
Dentsu Soken endorsed the tender offer by VIC LLC (80% ITOCHU, 20% IFP) and recommended shareholders accept. The offer price is 2,880 yen per share, expected to commence in early November 2026. The stock is expected to be delisted.
GungHo Online Entertainment, Inc. (3765)
Capital and Business Alliance with Sony Music
Sony Music agreed to acquire approx. 12 million shares (approx. 22.9% voting rights) of GungHo at 2,385 yen per share (total approx. 28.6 billion yen) from existing shareholders, becoming the largest shareholder.
Sumitomo Pharma Co., Ltd. (4506)
Expects Extraordinary Gain from Retirement Benefit Trust Return
Sumitomo Pharma plans to receive the return of all retirement benefit trusts on September 28, 2026, estimating approx. 26.1 billion yen and an extraordinary gain of approx. 17.3 billion yen on a non-consolidated basis.
Article Information15 sources1 correction
Correction History
Sources
Japan Exchange Group (JPX)Primary source(Source in Japanese)
NYSEPrimary source
NasdaqPrimary source
Associated PressSecondary source
Bank of JapanPrimary source(Source in Japanese)
Board of Governors of the Federal Reserve SystemPrimary source
Keynote remarks by Chairman Warsh at the 2026 Jackson Hole Economic Policy Symposium
U.S. Bureau of Labor StatisticsPrimary source
Current Employment Statistics Preliminary Benchmark (National) News Release - 2026 A01 Results
U.S. Bureau of Labor StatisticsPrimary source
株式会社東京証券取引所Primary source(Source in Japanese)
株式会社電通総研Primary source(Source in Japanese)
Japan Exchange Group (JPX)Primary source(Source in Japanese)
株式会社ソニー・ミュージックエンタテインメントPrimary source(Source in Japanese)
株式会社東京証券取引所Primary source(Source in Japanese)
住友ファーマ株式会社Primary source(Source in Japanese)
株式会社東京証券取引所Primary source(Source in Japanese)
Disclaimer
Market Flow presents curated public information for reference and does not provide investment advice or recommendations regarding financial instruments. It does not recommend the purchase or sale of specific financial products, nor does it provide independent future forecasts.