Morning Edition

As of September 4, 2026 5:30 JST

Japan market: Open / US market: Regular session

TSE Regular Trading, Bank of Japan FX Market Conditions, and US Productivity

Three Key Market Drivers Today

  1. As of 17:00 on Sept 3, Bank of Japan rates stood at 157.03–157.06 for USD/JPY, 1.1603–1.1605 for EUR/USD, and 182.22–182.26 for EUR/JPY. BLS revised Q2 nonfarm business sector productivity rose at a 1.4% annual rate, with unit labor costs up 1.2%.

  2. All three major US indices advanced on September 3, with the Dow up 624.16 dollars, the S&P 500 up 81.11 points, and the Nasdaq up 366.23 points.

  3. TSE Prime disclosures during the coverage window included Kikkoman's share repurchase update and Toyota Boshoku's completion of payment and partial lapse for its employee shareholding association share disposal.

The Tokyo Stock Exchange conducts regular trading on September 4. Covering disclosures between 15:30 JST on September 3 and 05:30 JST on September 4, we review Bank of Japan foreign exchange conditions, the three major US indices on September 3, BLS productivity statistics, and TSE Prime post-close disclosures centered on primary sources.

Japan Markets

TSE Regular Trading on September 4

September 4 is not a market holiday on Japan Exchange Group's September 2026 calendar, and the TSE conducts regular trading. The new listing of iFreeETF Gold Plus Income is scheduled for September 4. Cash market trading had not yet commenced at the cutoff time.

FX, Rates & Macro

BOJ 17:00 Spot USD/JPY at 157.03–157.06

According to the Bank of Japan's Foreign Exchange Market Conditions, as of 9:00 on September 3, USD/JPY stood at 158.90–158.91, EUR/USD at 1.1584–1.1586, and EUR/JPY at 184.08–184.12. As of 17:00, USD/JPY was 157.03–157.06, EUR/USD was 1.1603–1.1605, and EUR/JPY was 182.22–182.26.

US Q2 Productivity Rose at 1.4% Annual Rate

In revised figures released by the US Bureau of Labor Statistics on September 3, nonfarm business sector labor productivity increased at an annual rate of 1.4% in the second quarter of 2026. Output increased 1.7% and hours worked increased 0.3%, with unit labor costs up 1.2%. Manufacturing labor productivity rose 2.4%, and unit labor costs fell 0.3%.

US Markets

September 3 regular session was not a NYSE or Nasdaq holiday. Trading closed at 16:00 EDT (05:00 JST on Sept 4), and regular cash trading had concluded as of 05:30 JST on Sept 4.

Dow Jones Industrial Average

DJIA · Close

53,686.11

+624.16+1.2% (up)

S&P 500

SPX · Close

7,747.71

+81.11+1.1% (up)

Nasdaq Composite

COMP · Close

26,584.06

+366.23+1.4% (up)

Major Indices Advance in Regular Session on September 3

September 3 regular trading closed with the Dow gaining 624.16 dollars, the S&P 500 adding 81.11 points, and the Nasdaq advancing 366.23 points.

Regular Trading on September 3; Final Closing Figures Used

According to holiday and trading-hour schedules from the NYSE and Nasdaq, September 3 was neither a holiday nor an early-close session, with regular trading running from 09:30 to 16:00 EDT. As of 05:30 JST on September 4, final closing values for September 3 are used.

Prime Companies

Kikkoman Corporation (2801)

Zero Shares Repurchased in August (0 Yen)

Kikkoman disclosed that under its share repurchase resolution of April 24, 2026, shares repurchased from August 1 to August 31 totaled 0 shares for 0 yen. The program ceiling is 24 million shares (30 billion yen) running through March 31, 2027. Cumulative repurchases through the end of August also totaled 0 shares for 0 yen.

Toyota Boshoku Corporation (3116)

Completion of Payment and Partial Lapse for Employee Shareholding Association Disposal

Toyota Boshoku disclosed that payment procedures were completed on September 3 for its disposal of treasury shares as restricted stock incentives for its employee shareholding association. Following confirmation of participating members, the number of shares disposed of was finalized at 32,740 shares (from an initial maximum of 38,470 shares), with the total disposal value adjusted to 70,325,520 yen (from 82,633,560 yen).

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.