Nikkei edges higher as Akazawa seeks tariff exemption for Japan; Wall Street anxious for Apple & Facebook - Mon 28 Apr 2025

Nikkei 225 Summary
Nikkei edges higher as Akazawa seeks tariff exemption for Japan; Wall Street anxious for Apple & Facebook - Mon 28 Apr 2025

Retail giant Fast Retailing (Uniqlo) and Toyota lead gainers as investors continue to return to Japan while Japanese Economic Revitalization Minister Akazawa Ryosei seeks to exempt Japan from tariffs at the start of round 2 of negotiation this Thu.

BOJ will meet this Wed-Thu (30 Apr - 1 May 2025) to discuss monetary policies and is widely believed to keep interest rates unchanged due to tariff headwinds that may rock the economy.

Meanwhile, Wall Street falls slightly as investors stay anxious ahead of Apple and Meta earnings this week.

Nikkei225  35,839.99 (+134.25 +0.38%) 150 up 74 down 1 flat

JGB 10YR   1.325% (-0.01)            

USD/JPY    142.43 (-1.24 -0.8631%)


 

Comments

Post a Comment

Popular posts from this blog

Yang Mi's young daughter Xiao Nuomi with Hawick Lau cute as her mother; turns down 50 mil offer for appearance

Image
Chinese actress Yang Mi's has recently been spotted bringing her daughter Xiao Nuomi (11) with ex-husband Hawick Lau to her school in Hong Kong. The doting mother has exerted great efforts to protect her daughter from the paparazzi. There was ever a variety show who offered her 50 million yuan to have her daughter featured on the show but she turned it down to protect her daughter's privacy. Besides, Yang Mi is also not short of money from her years of success in showbiz.
Read more

Nikkei drops 0.50% on technical retracement; BOJ keeps rates unchanged - Thu 31 Oct 2024

Image
Nikkei225 Summary Thu 31 Oct 2024 - Japan’s Nikkei drops 0.50% due to a technical retracement after 3 days of gains. The BOJ has decided to keep interest rates unchanged at 0.25% in view of policy uncertainties under a new US president after 5 Nov. Nikkei225  39,081.25 (-196.14 -0.50%) 109 up 111 down 5 flat Topix  2,695.51 (-8.21 -0.30%) REIT    1,682.36 (-5.52 -0.33%) JGB 10YR  0.941% (-0.0114)             USD/JPY  151.99 (-1.44 -0.94%) Crude Oil  70.39 (+1.78 +2.59%)      Top Performers Mitsubishi Motors Corp.     ¥460.00 (+39.10 +9.29%) - automotive Tokyo Gas Co. Ltd.     ¥3,769.00 (+237.00 +6.71%) - utility DeNA Co. Ltd.     ¥1,886.00 (+117.50 +6.64%) - games & ecommerce Bottom Performers M3 Inc.     ¥1,585.50 (-248.00 -13.53%) - online medical services Kyocera Corp.   ...
Read more

MUFG becomes largest JP investor in Japanese AI Tech unicorn Sakana AI

Tokyo, Oct 2024 - Mitsubishi UFJ Financial Group, Inc. (“MUFG”) and its consolidated subsidiary, MUFG Bank, Ltd., along with MUFG Innovation Partners Co., Ltd., announced that they have entered into an investment agreement with Sakana AI K.K. (“Sakana AI”), an AI R&D company. As a result of this agreement, MUFG has become Sakana AI’s largest Japanese corporate investor, during this Series A funding round. Founded in July 2023, in about a year Sakana AI achieved unicorn status with a valuation exceeding one billion dollars. The company is led by David Ha, who has overseen complex systems and autonomous systems research as the head of Google Brain’s research team in Japan; Llion Jones, one of the authors of the seminal paper “Attention Is All You Need,” which catalyzed the development of the “Transformer” AI model, leading to the explosive proliferation of current generative AI; and Ren Ito, who has been involved in diplomacy and global business operations at Japan’s Ministry of Fore...
Read more