Express News | Shares of Banking Companies Are Trading Lower as Markets React to President Trump's Announcement of Sweeping Tariffs

BenzingaApr 3 11:40 ET

Chairman of the Japan Banks Industry Lobby: Companies affected by tariffs may need financing for business transformation.

The head of the Japan Banking Industry lobbying group stated that Japanese Banks may need to provide business turnover support to companies affected by tariffs imposed by the Trump administration in the USA. Many large Japanese companies, including major exporters and manufacturers, are struggling to cope with the tariffs on imported Steel and Aluminum, as well as the 25% tariff on imports of Autos and light trucks that takes effect this week. "Junichi Hanzawa, the newly appointed president of the Japan Bankers Association, said in an interview: "We believe that tariffs may lead to a deterioration in corporate profitability." Hanzawa added: "We must determine if this will impact..."

Global Market BroadcastMar 31 11:02 ET

The market is preparing for the Bank of Japan to reduce its purchases of ultra-long-term Bonds.

Analysts say that when the Bank of Japan releases its second quarter bond purchasing plan next week, it may take another key step towards reducing its massive presence in the bond market, which may include cutting the scale of purchases for ultra-long-term bonds. According to the quantitative tightening (QT) plan established in July, the Bank of Japan's government bond purchase scale decreases by about 400 billion yen (2.65 billion USD) every quarter, halving the monthly purchase scale to 3 trillion yen by March 2026. However, the Bank of Japan has not reduced its purchases of ultra-long-term government bonds. Decreasing purchases of ultra-long bonds would reinforce the Bank of Japan's determination to continue advancing policy normalization.

Global Market ReportMar 28 07:28 ET

Top Gap Ups and Downs on Tuesday: TTE, UBS, SMFG and More

Moomoo NewsMar 25 18:00 ET · Markets

Top Gap Ups and Downs on Friday: MUFG, SONY, IBN and More

Moomoo NewsMar 21 18:00 ET · Markets

Asian Equities Traded in the US as American Depositary Receipts Lower in Friday Trading

MT NewswiresMar 21 10:38 ET