Japan Bourse CEO Reappointed With Slimmer Vote as Rating Falls
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Japan Exchange Group Inc. chief executive officer Hiromi Yamaji was re-elected with a smaller majority as his approval rating slid to the lowest ever and the bourse operator's shares underperformed the market benchmark.
The still-overwhelming majority of 82.11% voted in favor of his reappointment at the annual general meeting held last week, according to a filing on Tuesday. Even so, it was lower than last year's 94.09% and below the 88.88% polled in 2023.
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Markets rally after Trump announces tariff deal with Japan
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Interactive Investors latched on the president's reluctance to see through extreme threats by betting that 'Trump always chickens out', or Taco for short, in a Wall Street maxim influencing trading decisions. Economists said the deal with Japan, which is the world's fourth-largest economy and is the US's fourth-largest import market, could be a prelude to further progress in negotiations with other big trading partners, including the EU. Shares in EU carmakers rallied on Wednesday, with Volkswagen up by more than 5% as traders bet the US-Japan deal could be a blueprint for an agreement between Washington and Brussels. Trump has set a deadline of 1 August for reaching a deal with the EU and other trading partners. Washington struck a deal with the Philippines on Tuesday, while the US Treasury secretary, Scott Bessent, has said talks would resume with China next week, ahead of the 12 August deadline Trump has set for a tariff agreement with the world's second-largest economy. 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Ishiba denied reports that he planned to announce his resignation after his coalition lost its upper house majority this week. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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US automakers say Trump's 15% tariff deal with Japan puts them at a disadvantage
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