
Nikkei 225 rises on US court order blocking Trump tariffs
Tokyo's benchmark stock index rose sharply on Thursday. Investors were encouraged by reports that a US federal trade court has blocked President Donald Trump from imposing sweeping tariffs on imports.
The Nikkei 225 closed the day at 38,432, up 1.88 percent. It recovered the 38,000 mark for the first time in about two weeks.
Analysts say some investors bought export-related shares and that robust earnings of US chip giant Nvidia also helped push up the benchmark.
The US court's decision triggered dollar buying against the Japanese currency in Tokyo. The yen briefly weakened to the 146-level.
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Japan Times
31 minutes ago
- Japan Times
41% of Japanese rice farmers expect price drop in 2026
A survey released Friday suggested that 41.0% of large-scale rice farmers in Japan expect retail prices for rice harvested in 2026 to be lower than for rice harvested in 2025, while 22.9% foresee higher prices. Meanwhile, 72.3% expect prices for 2025 rice to be higher than for 2024 rice. The survey was conducted online by the Japan Agricultural Corporations Association from May 12 to 19 and received responses from 188 association members. At a news conference, the association's chairman, Kazushi Saito, expressed concern that prices for 2026 rice "may collapse, making management difficult (for rice farmers)," citing cheap imported rice and an increase in domestic production. For 2024 rice, 53.7% of respondents said current prices are excessively high. Regarding producer prices, 45.2%, the largest group, cited a price range of ¥20,001 to ¥25,000 per 60 kilograms. Compared to 2023 rice, 38.3%, the largest group, said prices are ¥5,001 to ¥10,000 higher, while 5.0% said prices are ¥15,001 to ¥20,000 higher. Asked about their concerns, many respondents pointed to high construction and machinery prices, labor shortages and a possible price slump due to overproduction. The survey comes as rice prices reach record highs in Japan, prompting the government to tap its stockpiles in a bid to bring cheaper rice to the market. On Saturday, some retailers began selling stockpiled rice to consumers for the first time.

an hour ago
Trump Hails Nippon Steel as Great Partner of U.S. Steel
News from Japan Economy May 31, 2025 14:52 (JST) West Mifflin, Pennsylvania, May 30 (Jiji Press)--U.S. President Donald Trump on Friday welcomed a possible partnership between Japan's Nippon Steel Corp. and United States Steel Corp. at a political rally held near Pittsburgh, Pennsylvania. "We are going to have a great partner," Trump said in a speech at a U.S. Steel plant, referring to Nippon Steel's planned acquisition of the U.S. company. Nippon Steel offered to invest a total of 14 billion dollars in U.S. Steel, the president said, describing the move as "the largest investment in the history of American steel industry." The president stopped short of unveiling details, including the framework of the acquisition, but said after the speech that a final agreement had not been reached. Also in the speech, Trump said that he would double additional tariffs on imported steel to 50 pct. [Copyright The Jiji Press, Ltd.] Jiji Press


NHK
an hour ago
- NHK
Rice from Japan government stockpiles hits shelves
Rice from Japanese government stockpiles sold through special no-bid contracts has hit store shelves at some retailers, amid high prices. Major supermarket operator Ito-Yokado began selling the grain on Saturday at an outlet in Tokyo's Ota Ward. Employees stacked up 500 bags of rice in a dedicated section after a truck arrived on Saturday morning. A five-kilogram bag was priced at 2,160 yen including tax, or about 15 dollars. Purchases were limited to one per family. All the bags sold out about 30 minutes after the store opened at 10 a.m. A woman in her 30s who bought the rice said she had stood in line because she heard that rice was at half the current price. She hoped that prices of other types of rice will go down. Ito Yokado signed a contract to buy 5,000 kilograms harvested in 2022 through the no-bid program. President Yamamoto Tetsuya said the company applied for the purchase because it wanted to offer rice at a reasonable price. He said he had little idea about price trends for other types of rice, but wants to offer customers stockpiled rice as one of the options. Household goods maker Iris Ohyama also started selling government-stockpiled rice on Saturday at two outlets in Miyagi and Chiba prefectures. It signed a contract to purchase 10,000 tons. Major retailer Aeon is expected to sell the rice from Sunday. The government offered the sale of a total of 300,000 tons of rice -- 200,000 tons from the 2022 harvest and 100,000 tons from the 2021 harvest -- directly to retailers. Attention is focused on whether the widespread sale of the stockpiles will help bring down rice prices.