
Laos calls for 'Asia solidarity' amid Trump tariffs
When competition in the global trading system "leans toward protectionism, it disrupts the global equilibrium and heightens tensions," Thongloun said at Nikkei's annual Future of Asia forum on Friday. This "will lead to increased risk of armed conflict and tension," he said.

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The Mainichi
4 hours ago
- The Mainichi
Tokyo stocks end mixed before outcome of Fed, BOJ policy meetings
TOKYO (Kyodo) -- Tokyo stocks ended mixed after directionless trading Wednesday as investors awaited the outcome of monetary policy meetings being held in the United States and Japan. The 225-issue Nikkei Stock Average fell 19.85 points, or 0.05 percent, from Tuesday to 40,654.70. The broader Topix index finished 11.54 points, or 0.40 percent, higher at 2,920.18. On the top-tier Prime Market, gainers were led by nonferrous metal and textile and apparel issues, while air transportation and service shares were the main decliners. The U.S. dollar weakened to the upper 147 yen range in Tokyo after U.S. Treasury yields declined ahead of the outcome of the Federal Reserve policy meeting. On the stock market, investors refrained from trading actively as they waited for clues about further interest rate increases from the Bank of Japan, although it is widely expected to keep intact the benchmark rate this time, brokers said. "Market participants are paying close attention to possible remarks (from the BOJ chief) about an additional rate hike within the year" following a Japan-U.S. trade deal reached last week, said Yuta Okamoto, market analyst at Tokai Tokyo Intelligence Laboratory Co. The Nikkei benchmark dropped for the fourth straight trading day as heavyweight Advantest erased earlier gains and ended lower as investors locked in gains after the chip testing equipment maker released Tuesday solid earnings for the April-June period. Meanwhile, the market was supported by bargain-hunting after the Nikkei index lost more than 1,100 points over the past three trading days.


Yomiuri Shimbun
10 hours ago
- Yomiuri Shimbun
Japan's Nikkei Stock Average Treads Water as Central Bank Meetings, Tariff Deadline Loom
TOKYO, July 30 (Reuters) – Japan's Nikkei share average ended morning trade flat on Wednesday after spending most of the session slightly lower, as investors braced for a three-day period that will see policy decisions from the Federal Reserve and Bank of Japan, followed by U.S. President Donald Trump's deadline for trade deals. The Nikkei .N225 entered the midday break little changed at 40,682.14. Of the index's 225 components, 148 rose and 77 fell. The broader Topix .TOPX rose 0.35%. The Fed sets rates on Wednesday, and while policymakers are widely expected to stand pat, investors will be watching closely for signs that an interest rate cut may be on the way later this year. Similarly, the BOJ is seen keeping policy steady on Thursday, but markets will search for clues on when the central bank is likely to resume rate hikes. On Friday, most U.S. trade partners that have not agreed deals with Washington will receive higher tariff rates. 'There are still a lot of uncertainties over tariffs, and that's going to limit the upside for stocks,' said Maki Sawada, an equities strategist at Nomura Securities. As a result, 'there's no particular sense of direction' in Japanese stock trading currently, she said. Airline ANA Holdings 9202.T fell 3.8% to be the Nikkei's biggest percentage decliner following its earnings report after the market closed on Tuesday. Earnings also weighed on chip-testing equipment maker Advantest 6857.T, which slipped 1.8%. Sumitomo Pharma 4506.T surged nearly 16% to be the biggest percentage gainer.


Nikkei Asia
20 hours ago
- Nikkei Asia
Japan's Meiji markets premium milk to China's urban moms
Meiji launched its Oishii Gyunyu milk brand in China on July 29. (Photo obtained by Nikkei) YUME NAMEKATA TOKYO -- Japan-based food company Meiji launched its popular Oishii Gyunyu milk brand in China on Tuesday, targeting affluent, health-conscious urbanites as it seeks to pull Chinese operations out of the red. The refrigerated product sells for about 30 yuan ($4.18) for a 900-milliliter container -- higher than both its usual cost in Japan and the roughly 20 to 25 yuan average price of milk in China. It is also more expensive than Meiji's current mainstay Chinese milk brand, priced at around 27 yuan.