Japan’s Nikkei stock market went up on Friday because people are feeling hopeful about talks to lower tariffs and the yen getting weaker. This made the Nikkei rise by 1.04%, closing at 36,830.69 points. It’s now had seven winning days in a row, which is its longest winning streak since August 2023. Over the week, it went up by 2% for the third week in a row.
The broader Topix index also went up by 0.31% to reach 2,678.78. Shoichi Arisawa, an expert at IwaiCosmo Securities, said that the talks between Japan and the U.S. are looking good, which people are pleased to hear. News about China and the U.S. talking also helped boost U.S. stock futures, which made the Nikkei climb higher.
Japanese negotiator Ryosei Akazawa spoke to his U.S. counterpart and wants to set up another meeting this month. Meanwhile, China’s Commerce Ministry is considering an offer from the U.S. to talk about tariffs imposed by President Trump. This good news from China helped the Nikkei continue to rise as it followed the upward trend of U.S. stock futures.
The Nikkei has fully bounced back from the losses it took after Trump announced tariffs in April, but the increase was limited on Friday as many investors were cautious ahead of Japan’s long weekend and U.S. job numbers report. A weaker yen also encouraged people to buy Japanese stocks. The yen fell after the Bank of Japan reduced its growth forecasts due to U.S. tariffs and decided to keep interest rates the same.
One of the biggest boosts to the Nikkei came from Fast Retailing, the company behind Uniqlo, which rose by 1.98%. Yamato Holdings saw an impressive gain of 5%, thanks to its strong forecast for annual profits in package delivery services.
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