Blue Owl Capital Inc. is well positioned to withstand AI-driven disruption in the software industry and investor concerns about private credit have been overblown, according to the firm’s global head of institutional capital.

Oasis Management Co. founder Seth Fischer said his activist fund has increased its stake in Nidec Corp. to become the largest shareholder, adding heft to its calls for the troubled Japanese motor maker to consider going private.

Nidec Corp. shares plummeted as much as 20% in Tokyo after the Japanese motor maker’s auditor declined to give an opinion on its long-awaited financial statements, fueling caution over the outlook for the scandal-hit company.

The Nikkei stock benchmark gained after a three-day holiday as Tokyo’s market caught up with a global AI-led rally. Worries about climbing bond yields weighed on the broader Topix.

Japanese stocks look poised to catch up with a global AI-led rally when trading resumes on Thursday, while a weaker yen keeps currency intervention risk in focus.

Japan’s Nikkei 225 climbed as chip stocks followed their US peers higher after Friday’s rally. Gains on the broader Topix were smaller as concerns about the yen and bond yields limited risk appetite.

Japan’s Nikkei 225 climbed as tech stocks followed their US peers higher after Friday’s rally. Gains on the broader Topix were smaller as concerns about the yen and bond yields limited risk appetite.

Video game developer Capcom Co. and chip gear maker Kokusai Electric Corp are set to join Japan’s Nikkei 225 Stock Average from Oct. 1, according to index provider Nikkei Inc.

Shares of Japanese trading houses rose after Berkshire Hathaway Inc.’s Chief Executive Officer Greg Abel signaled long-term commitment to the firms and the possibility of additional investments.

Japanese trading house Itochu Corp has decided to launch a tender offer to take Dentsu Soken Inc private in a deal that would end its parent-subsidiary listing structure with Dentsu Group Inc.

Dentsu Soken Inc. shares rose to a record high after the Japanese IT services and consulting firm received a buyout proposal from trading house Itochu Corp. at ¥2,880 ($18) per share.

Kakaku.com Inc. shareholder Oasis Management Co. has asked the company to withdraw its support for EQT AB’s buyout bid on grounds that the offer is too low, escalating a bidding war for the Japanese price comparison site.

Japan’s stocks slumped, with the Topix benchmark dropping the most since March, as anxiety over surging bond yields sapped risk appetite and weighed on AI-related stocks.

Nintendo Co. shares surged after global sales of its hit game Pokémon Pokopia topped 5 million units since its March launch, with some analysts saying the stock is back on its upward trajectory.

The risk that Japan takes more steps to bolster the yen is taking some of the shine off corporate earnings, as investors weigh the impact of any turnaround in the currency on exporters’ profits.

SoftBank Group Corp.’s stock faces a critical test this week as investors seek reassurance that the company’s AI value extends beyond its debt-fueled bet on embattled ChatGPT operator OpenAI.

Strategists say the coordinated intervention between Japan and the US increases the risk for anyone betting against the yen and puts pressure on Japanese stocks. President Donald Trump said the US joined a currency-market intervention that lifted the Japanese currency last week as a sign of friendship with Japan. Officials in both countries have said they will not hesitate to intervene in the currency markets again.

Japanese equities fell, hampered by automakers and other manufacturers amid concerns that a stronger yen following currency intervention could hit exporters’ earnings.

Strategists view Bank of Japan Governor Kazuo Ueda’s comments at press conference following the central bank’s decision to hold rates as moderately hawkish with some expecting an earlier rate hike.

Japanese construction-related shares rose on expectations of rebuilding demand following a magnitude 7.1 earthquake on the southwestern island of Kyushu.