Japan Shares Rise as Trump Softens Chip Tariff Blow

Published on 08/07/2025 at 02:47 am EDT
(MT Newswires) -- Japanese shares closed higher on Thursday after US President Donald Trump said companies producing in the U.S. could be exempt from new tariffs, easing supply chain concerns.
The Nikkei 225 rose 0.24%, or 264.29 points, to end at 41,059.15.
US President Donald Trump's threat of 100% tariffs on chip exports includes exemptions for companies such as Apple Inc. that invest in the country. Expectations of a US Federal Reserve rate cut also lifted investor sentiment as the tariffs took effect.
In economic news, Japan's foreign reserves fell to $1.304 trillion at end-July from $1.314 trillion in June, the Ministry of Finance said Thursday.
The total included $1.127 trillion in foreign currency reserves, made up of $965.6 billion in securities and $161.8 billion in bank deposits. Gold holdings stood at $89.7 billion, and special drawing rights at $60.1 billion.
On the corporate front, Asante reported July consolidated net sales of 1.29 billion yen, up 2.2% on year, marking a second straight month of growth. April-July sales totaled 5.5 billion yen, down 0.4% from a year earlier.
Rakuten Group will redeem 16.8 billion yen in subordinated bonds early on Nov. 4. The 35-year notes, issued in 2020, carried a 1.8% annual interest rate and allowed for early redemption.
Autobacs Seven said July same-store sales rose 0.8% on year, driven by battery and inspection demand. Total store sales rose 2.1%.

Sumber : MT Newswires