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Japan's exports drop as US tariffs hit automobiles, pressure set to intensify
Japan's exports drop as US tariffs hit automobiles, pressure set to intensify

Time of India

time17-07-2025

  • Automotive
  • Time of India

Japan's exports drop as US tariffs hit automobiles, pressure set to intensify

June exports down 0.5% yr/yr vs forecast rise of 0.5% Japan's exports fell for a second straight month as sweeping U.S. tariffs took a toll on the country's manufacturers, with its fragile economy exposed to greater risks from the global trade war in coming months. Japan failed to clinch a deal with the U.S. before the July 9 expiration of the temporary pause on the country-specific tariffs after it focused on eliminating the existing sectoral 25% tariffs on automobiles, a mainstay of the export-reliant economy. Washington now plans to impose tariffs of 25% on Japanese imports, unless a trade deal is struck by August 1. "The tariff impact is likely to intensify in coming months, when the tariff rate is finalised and Japanese companies begin to fully pass on costs to consumers in the U.S., which would hamper competitiveness of Japanese products there," Daiwa Institute of Research economist Koki Akimoto said. Exports from the world's fourth-largest economy dropped 0.5% in June year-on-year in value terms, compared with a median market forecast for a 0.5% increase and a 1.7% decrease in May, the first decline in eight months. Exports to the United States tumbled 11.4% in June from a year earlier, the largest monthly percentage decline since February 2021, dragged down by a 26.7% plunge in automobiles, a 15.5% fall in auto components and a 40.9% plunge in pharmaceuticals. But the volume of automobile shipments rose 3.4%, indicating Japanese automakers are cutting prices on exported cars and absorbing tariff costs to stay competitive. "Japanese automakers have so far kept production levels by sacrificing margins, so the tariff impact on their production activities has been limited," Koya Miyamae, senior economist at SMBC Nikko Securities , said. But Daiwa's Akimoto said Japanese companies would be forced to raise prices eventually, as trade negotiations drag on and the yen stays relatively strong. Japan exported 21 trillion yen worth of goods to the United States last year, with automobiles representing roughly 28% of the total. Japan's trade surplus with the U.S. in June fell 22.9% to 669 billion yen ($4.51 billion). Exports to China were down 4.7%, the data showed. Total imports grew 0.2% in June from a year earlier, compared with market forecasts for a 1.6% drop. As a result, the trade balance stood at a surplus of 153.1 billion yen ($1.03 billion), compared with a forecast for a surplus of 353.9 billion yen. U.S. tariffs are adding to pressure on the Japanese economy which is struggling due to lacklustre domestic consumption. Japan's economy shrank in the first quarter as rising living costs hurt demand. Prolonged uncertainties over the impact of the tariffs and the course of trade negotiations will likely force the Bank of Japan to keep focusing on downside risks to the economy and to put rate hikes on hold for the time being, analysts say.

Oklo (OKLO) Rallies 11.3% on Higher Price Target
Oklo (OKLO) Rallies 11.3% on Higher Price Target

Yahoo

time17-07-2025

  • Business
  • Yahoo

Oklo (OKLO) Rallies 11.3% on Higher Price Target

We recently published . Oklo Inc. (NYSE:OKLO) is one of Monday's top performers. Oklo extended its winning streak to a fourth consecutive day on Monday, soaring 11.29 percent to close at $62.41 apiece following an investment firm's higher price target for the company. Late last week, Daiwa initiated coverage on Oklo Inc. (NYSE:OKLO), giving the latter a 'hold' recommendation and a price target of $58. The figure marked a 3-percent upside from its closing price on Friday and supported its further rally in Monday's session. Last month, Oklo Inc. (NYSE:OKLO) was tapped by the US Air Force to deploy its advanced Aurora powerhouse to its military base in Alaska. Under the terms of the agreement, Oklo Inc. (NYSE:OKLO) will design, construct, own, and operate the power plant at the Eielson Air Force Base in Alaska, which will serve as the Department of the Air Force's (DAF) microreactor pilot to enhance energy resilience and reliability for critical national security infrastructure. While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.

Daiwa plans 100 billion yen real estate fund as Japan market booms
Daiwa plans 100 billion yen real estate fund as Japan market booms

Business Times

time24-06-2025

  • Business
  • Business Times

Daiwa plans 100 billion yen real estate fund as Japan market booms

[TOKYO] Daiwa Securities Group plans to launch a real estate fund with two partners, tapping investor demand for a piece of Japan's booming property market. The Japanese brokerage will collaborate with Osaka-based developer Samty Holdings, and fund manager Hillhouse Investment, according to Daiwa's Masatsugu Oishi. It aims to raise 100 billion yen (S$883 million) via a private fund for domestic and overseas institutions, said Oishi, who is general manager of asset management strategy. Daiwa will target Japanese rental housing and hotels, assets that tend to be better insulated from inflation compared with other sectors, at a time when consumer prices are rising at the fastest pace in decades. Many real estate investors in Japan remain bullish, even as one key indicator, prices of new condos in Tokyo, fell in 2024 for the first time in six years after a record 2023. A low supply of apartments and higher raw material and labour costs mean that new homes in Japan's capital will likely resume getting pricier, analysts say. For Daiwa, success in overseeing the fund will help with the company's goal of boosting its asset management operations. Those provide a stable source of income, at a time when a shrinking national population pressures its traditional broking businesses. Daiwa plans not only to continue operating in areas such as listed real estate investment trusts and private Reits, but expand its private fund offerings. The securities firm aims to increase its real estate asset management investment holdings by 25 per cent from the end of fiscal 2024 to two trillion yen by fiscal 2030. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up 'Expanding our investment holdings will improve profitability and lead to increased corporate value,' Oishi said. Delisted firm Samty, which operates rental apartments, was delisted in January after Hillhouse took it over. Daiwa Securities Group, which was the largest shareholder, continues to hold its stocks after the developer exited the exchange. The three companies had indicated their intention to cooperate to strengthen Samty's asset management business by leveraging Hillhouse's fundraising capabilities and international investor network. Hillhouse is one of the world's largest alternative investment management firms, established in 2005 with funding from the Yale University Endowment Fund. It manages assets for university endowments and government-affiliated investment funds in Europe, the US, Asia and the Middle East. In 2020, it unveiled an investment strategy centred on real estate, handing over US$3.5 billion to more than 16 real estate companies across Asia. BLOOMBERG

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