The Nikkei 225 jumped 2.1% to above 38,400, while the broader Topix index gained 1.8% to 2,790 on Tuesday, as Japanese equities hit a multi-month high following a strong rally on Wall Street. The market gains came after the U.S. and China agreed to temporarily lower tariffs, easing fears of a prolonged trade war and reducing the risk of a global recession. In a related development, Japanese Prime Minister Shigeru Ishiba stressed that Japan would not accept an initial trade deal with the U.S. unless it included provisions on the auto sector, urging Washington to remove 25% tariffs on Japanese cars. Meanwhile, the latest Bank of Japan opinion summary revealed that policymakers preferred a cautious stance, citing heightened uncertainty over economic developments and prices. Top performers included Disco (+3.2%), Mitsubishi UFJ (+4.9%), Advantest (+2.4%), Tokyo Electron (+4.7%), and Toyota Motor (+4.3%).(Newsmaker23)
Source: Trading Economics
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