Published on 05/20/2025 at 02:44
(MT Newswires) -- Japanese shares closed higher on Tuesday after Prime Minister Shigeru Ishiba signaled Tokyo won't rush a trade deal with the US, saying Japan won't compromise its national interests for deadlines.
The Nikkei 225 rose 0.08%, or 30.86 points, to end at 37,529.49.
Ishiba said Japan won't rush a trade deal with the US or follow other countries' lead, stressing national interests come first.
Speaking in parliament, he said Tokyo will continue to seek exemptions from all additional US tariffs, including a 25% levy on cars. Ishiba's comments come as a broad-based tariff is set to revert to 24% in July.
Japan's top trade negotiator is expected to head to the US this week for a third round of talks.
In economic news, Japan's seasonally adjusted tertiary industry activity index fell 0.3% in March from the previous month to 104.4, based on a 2015 average of 100, the Ministry of Economy, Trade and Industry reported on Monday.
The original index rose 2.6% from a year earlier to 115.1.
On the corporate front, Heiwa Real Estate REIT will repay two Sumitomo Mitsui Banking loans totaling 4.85 billion yen by June 30, ahead of their June 2026 maturity, using proceeds from newly issued investment units.
The REIT also agreed to acquire three properties - Park East Sapporo, Kyomachibori Square, and HF Oshiage Residence - from Heiwa Real Estate Co. for 6.97 billion yen, funded through the same issuance and cash on hand.

Sumber : MT Newswires