Ishiba to Talk With Trump as Japan’s Nikkei Enters Bear Market
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Japan’s Nikkei 225 Stock Average slid into a bear market over fears of a widening trade war, while Japanese Prime Minister Shigeru Ishiba was reportedly set to have a call with US President Donald Trump on Monday night.
Ishiba is expected to make the last plea for exemptions or reduction from a 24% across-the-board tariff slated to hit the nation on Wednesday. The blue-chip index closed 7.8% lower on Monday, taking the loss from its December peak to 23%. The broader Topix index also sank, with electronics makers and banks weighing on the benchmark as Japan’s economic outlook darkened.