Published on 07/07/2025 at 02:48
(MT Newswires) -- Japanese stocks fell Monday as uncertainty over US trade policy weighed on sentiment after officials flagged a delay in planned tariffs but offered little detail on the timeline or scope of the change.
The Nikkei 225 slid 0.56%, or 223.2 points, to end at 39,587.68.
The US is nearing several trade deals and will notify countries of higher tariff rates by July 9, President Donald Trump said Sunday, with the new rates set to take effect on Aug. 1.
Treasury Secretary Scott Bessent told CNN that trading partners would be warned they could face April 2 tariff levels unless talks progress.
Trump had earlier proposed a 10% base tariff and higher "reciprocal" rates of up to 50%, but has since threatened duties as high as 60% to 70%, including an extra 10% on countries aligned with BRICS.
In economic data, Japan real wages fell 2.9% in May from a year earlier, the sharpest drop in nearly two years, according to data by the Ministry of Health, Labor and Welfare released Monday.
The decline outpaced April's 2% fall and exceeded expectations for a 1.7% decrease, underscoring weak wage growth as a hurdle to overcoming deflation.
Nominal cash earnings rose 1% to 300,141 yen, slowing from April's 2.3% gain and missing forecasts for a 2.4% rise. Contractual earnings grew 2%, while special payments tumbled 18.7%.
Among firms with 30 or more workers, total earnings edged up 0.3% to 335,164 yen. Overtime pay rose 1% at firms with five or more employees and 1.2% at larger firms.
On the corporate front, Astroscale Holdings will cut capital and surplus by 23.4 billion yen to offset an equal retained earnings deficit, with the change effective Sept. 1 following shareholder approval.
Aoyama Trading saw June all-store sales fall 5.8% from May. Existing store sales dropped 3.3% as customer visits declined 7.9%, partly offset by a 5% rise in average spend.
Celsys reported record Clip Studio Paint subscription revenue in June, with a three-month average topping 4.8 billion yen. The churn rate held at 5%, and total users rose to 10.49 million.
Sumber : MT Newswires
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