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Tokyo Market Report Headlines

Nikkei moves closer to 21-year high; Kobe Steel plunges

Japan's Nikkei share average moved closer to a 21-year high on Tuesday after a three-day weekend as expectations for continued strength in the U.S. economy supported sentiment, but Kobe Steel's shares plunged when it said it had fabricated data.

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Senate Republicans appear to have votes to pave way to tax reform

WASHINGTON U.S. Senate Republicans appeared to have enough votes on Wednesday to pass a budget measure that is crucial to President Donald Trump's hopes of enacting tax reform legislation before the end of the year.