JAPAN POLITICAL NEWS
Yen slides after Japan PM Ishiba resigns
Ishiba on Sunday announced his resignation, ushering in a potentially lengthy period of policy uncertainty at a shaky moment for the world's fourth-largest economy.
5 world market themes for the week ahead
Global markets brace for a week of pivotal economic data from the U.S., China, and Japan, alongside key central bank meetings. Investors are keenly awaiting the U.S. inflation report, influencing potential Federal Reserve rate cuts. Political uncertainties in France and Norway add to the market's cautious sentiment.
Shanghai Cooperation Organization summit challenges the US but its reach is murky
Leaders from Russia, India, and eight other nations are convening in China for the Shanghai Cooperation Organization summit, signaling a potential challenge to U.S. influence on trade and regional conflicts. The expanded SCO, now with ten members, aims to enhance regional cooperation, though its specific goals remain somewhat undefined.
Russian President Vladimir Putin lands in Tianjin for SCO summit hosted by China's Xi Jinping
President Vladimir Putin arrived in Tianjin for the Shanghai Cooperation Organisation summit, hosted by Xi Jinping, with numerous world leaders attending. The summit, preceding a military parade in Beijing, aims to bolster the SCO's influence and promote a multipolar world order.
For bruised bond markets, turbulence persists as debt sales ramp up again
Global bond markets are bracing for increased volatility as major economies like Germany, Japan, and the U.S. prepare to issue long-dated bonds. Rising yields, driven by political uncertainty, inflation concerns, and potential rate hikes, are creating headwinds for governments already grappling with high debt levels.
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Indian students in US need to maintain a low profile, especially on social media: Study abroad consultants
Amidst concerns over stricter US immigration policies, Indian students in the US are advised to maintain a low profile, especially online, after the revocation of over 6,000 international student visas. While universities offer support, many Indian students are exploring alternative study destinations like the UK, Canada, and Australia due to increased visa scrutiny and delays.
Las Vegas tourism is down. Some blame Trump's tariffs and immigration crackdown
Las Vegas tourism faces a decline this summer. Fewer international visitors are coming to the city. Officials blame tariffs and immigration policies. Hotel occupancy and passenger numbers have decreased. Some businesses see a post-COVID spike correction. Rising costs may deter tourists. The city aims to offer better value for visitors. Las Vegas hopes to reinvent itself as a destination.
China gets recklessly violent in the South China Sea
Two Chinese warships collided in the South China Sea near Scarborough Shoal. The incident occurred within the Philippine exclusive economic zone. A China Coast Guard corvette rammed a People's Liberation Army Navy destroyer. The collision damaged the corvette. The vessels were harassing a Philippine Coast Guard boat. The Philippine boat was assisting Filipino fishermen. China suppressed news of the collision.
Trade partners grow restless waiting for Trump’s tariff breaks
Negotiations continue, but delays and unresolved issues are fueling frustration and raising concerns about the durability of these agreements.
Trump and Putin in Alaska: How a strange relationship took shape
Donald Trump and Vladimir Putin's complex relationship takes center stage as they meet in Alaska to discuss the Ukraine war, a location hinting at Putin's strategic appeal to Trump's real-estate interests. Their history includes controversial summits, canceled meetings, and accusations of Russian election interference.
How migration and talent shape the global economy in an age of borders
Global migration patterns are changing due to economic pressures and geopolitical tensions. While countries like India see skilled workers heading abroad, others face challenges. China's talent is returning home, while Nigeria struggles with unemployment. Europe seeks to attract US scientists, and Australia grapples with immigration debates amid rising costs.
Donald Trump plans to distribute record $30 billion tariff collection among Americans: Who are eligible?
US President Donald Trump’s sweeping tariffs on imports are generating record revenue for Washington, now totalling over $152 billion this year alone. While Trump floats the idea of giving Americans a cash dividend from the proceeds, the economic fallout continues. India faces one of the harshest penalties, with a 25 percent tariff. Consumer prices in the US are rising, trade deficits are growing, and economists warn the long-term costs may outweigh short-term gains. Still, the White House shows no signs of backing down.
Overturning the global trade system, Trump puts his ideas to the test
President Trump's implementation of significant tariffs on numerous nations marks a departure from the established global trade framework. These tariffs, varying from 10% to 50%, aim to reshape trade dynamics, potentially benefiting American industries while facing criticism for isolating the U.S. and raising consumer prices.
Trump tariff blitz unleashes delayed shock to global economy
Donald Trump's revised tariffs, averaging 15%, have sparked concerns about a potential demand shock and economic slowdown. While some countries may weather the storm, others like Switzerland face punitive rates. The tariffs have fueled market volatility, prompting investors to anticipate Federal Reserve interest-rate cuts amidst ongoing uncertainty and geopolitical tensions.
A three-part deal with US can be explored; India unlikely to eliminate all tariffs on American exports: Sunil Subramaniam
Market expert Sunil Subramaniam suggests India's mature response to US trade concerns, emphasizing ongoing negotiations and prioritizing domestic interests. Despite initial market jitters and FII selling, domestic institutional investors capitalized on corrections, buying quality stocks. Subramaniam anticipates a phased trade deal, focusing on tariff parity and energy imports, but acknowledges India's limited capacity for large-scale US investments, unlike Japan.
The US will be the biggest loser from trade ‘wins’
The White House is celebrating new trade deals with the EU and Japan, imposing 15% tariffs on most exports to the US. Despite market gains, the agreements are criticized as detrimental to all parties involved. American consumers will likely bear the brunt of increased costs, while reduced competition could stifle innovation.
India and Trump still don't have a tariff deal: Here's why that matters
India and the United States face a trade impasse as tariff deadlines loom, despite deep ties and ongoing negotiations. While India seeks a comprehensive deal, the U.S. is poised to impose tariffs, potentially disadvantaging India compared to other Asian nations.
U.S. stock market futures rise as Dow, S&P 500 and Nasdaq gain on Trump–EU trade deal and Tesla surge ahead of crucial Fed week
U.S. stock market futures are rising today as the Dow, S&P 500, and Nasdaq move higher after the Trump–EU trade deal eased tariff tensions and sparked optimism across global markets. Investors are also reacting to a strong rally in Tesla stock, following a multi-billion-dollar AI chip partnership with Samsung. With a critical Federal Reserve meeting and key economic data ahead, traders are watching closely. Defense stocks like Lockheed and RTX are also gaining from fresh European contracts.
For Trump, EU trade deal was badly needed
President Trump, after facing criticism for failing to deliver on promised trade deals, has recently secured agreements with the European Union, Philippines, Japan, and Indonesia. The EU deal, which includes a 15% tariff on most EU goods and significant EU investments in the U.S., is seen as a major political win for Trump.
U.S. stock futures rise today as Dow and S&P 500 chase records, Nasdaq dips and Tesla sinks — here’s what’s moving markets
Wall Street is waking up to a mixed market mood this Friday as U.S. stock futures edge higher, with the Dow Jones and S&P 500 inching closer to fresh record highs. The Nasdaq, however, is under pressure as tech heavyweights like Tesla tumble in premarket trading. With traders digesting strong earnings, rate uncertainty, and looming trade deadlines, today’s session could set the tone for how long this summer rally can last.
Yen, euro lifted by progress on trade
The euro is nearing a four-year high, while the yen has strengthened due to progress in US trade deals with the EU and Japan, boosting market confidence. These agreements have reduced the risk of trade retaliation, positively impacting risk sentiment. Despite domestic political uncertainty surrounding Prime Minister Ishiba, Japan's trade deal has fueled stock gains.
Buyers flee Japanese bonds as political, fiscal risks rise
Japanese government bonds tumbled on Wednesday, sending benchmark yields to near 17-year highs, as traders priced in increased political risks and a hazy outlook for the central bank's policy normalisation path.
Japan PM Shigeru Ishiba vows to stay on after bruising election defeat
"I will stay in office and do everything in my power to chart a path toward resolving these challenges," Ishiba said, adding that he intended to speak directly with US President Donald Trump as soon as possible and deliver tangible results. Analysts say his days may be numbered, however, having also lost control of the more powerful lower house in elections last year and shedding votes on Sunday to opposition parties pledging to cut taxes and tighten immigration policies.
Asian shares, yen weather Japan uncertainty as earnings loom
Investors were also hoping for some progress in trade talks ahead of President Donald Trump's August 1 tariff deadline, with U.S. Commerce Secretary Howard Lutnick still confident a deal could be reached with the European Union.
Dollar set for weekly gain as firm US data tempers Fed easing bets
The dollar is poised for a second consecutive weekly gain against major currencies, bolstered by strong U.S. economic data, suggesting the Federal Reserve may delay further rate cuts. Meanwhile, the yen remains weak ahead of Japanese elections, potentially impacting trade negotiations with the U.S.
China's aircraft carriers push into waters long dominated by US
China is expanding its naval power. It tests its warships' capabilities far from its shores. Recent exercises involved two aircraft carriers near Japan. These drills caused concern among Asian neighbors. China aims to project power into the Pacific. It may use carriers to defend interests globally. The country is also developing more advanced carriers.
Japan found $26 billion under the sea, but this new scientific breakthrough might sink it before it starts
Japan’s $26 billion deep-sea discovery of cobalt and nickel near Minami-Tori-shima may be rendered obsolete after scientists developed EV batteries that don’t require either metal. Researchers from McGill University created a cheaper, eco-friendly battery alternative, raising questions about the relevance of deep-sea mining and offering hope for less environmentally damaging paths to a greener future.
India inches closer to historic US trade deal, can Modi dodge Trump’s 26% tariff threat?
India and the US are nearing an interim trade agreement. This deal aims to remove potential tariffs on Indian goods. Negotiations have focused on long-term trade benefits and flexibility. India seeks lower tariffs on its exports, while the US wants greater market access. Contentious issues will be addressed later. Both sides have engaged in extensive discussions.
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