Softbank Group soars 10.39% leading Nikkei; Wall Street rises as Trump economic advisor Stephen Miran joins Fed board to press for rate cuts - Fri 8 Aug 2025

Nikkei 225 Summary
Softbank Group soars 10.39% leading Nikkei; Wall Street rises as Trump economic advisor Stephen Miran joins Fed board to press for rate cuts - Fri 8 Aug 2025

Softbank Group soars (+10.39%) hitting new record highs last seen in Feb 2000's Dotcom Boom after reporting Q1 FY25 net income of 421.8 bln yen, an increase of +342%, as Softbank Vision Fund's AI bets takes off.






The Trump administration has also indicated that it will issue an Executive Order to reflect the lower 15% tariffs on Japanese automakers as agreed in the US-Japan trade deal.  

Meanwhile, Wall Street rises as President Trump's top economic adviser, Stephen Miran, gets appointed as a Fed Reserve board member to press for an early Fed rate cut in Sep 2025.

Nikkei225  41,820.48 (+761.33 +1.85%) 178 up 46 down 1 flat

JGB 10YR   1.489% (-0.001)            

USD/JPY    147.69 (+0.59 +0.40%)



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