Feb 7, 202513:47GMT+7
(MT Newswires) - Japanese shares slipped Friday as investors awaited US President Donald Trump's meeting with Japanese Prime Minister Shigeru Ishiba on defense and economic ties.
The Nikkei 225 fell 0.72%, or 279.51 points, to 38,787.02.
Trump is expected to press Ishiba to boost defense spending, a US official told Kyodo News. Another official pointed to Japan's purchases of US-made military equipment as a key issue.
Despite Trump's skepticism of multilateral ties, his administration sees stronger defense cooperation with Japan and South Korea as vital to countering China.
Japan's foreign reserves rose $9.92 billion in January to $1.241 trillion, the Finance Ministry said.
Foreign currency holdings stood at $1.081 trillion, gold reserves at $76.49 billion, special drawing rights at $57.22 billion, and the IMF reserve position at $10.14 billion.
Economic momentum picked up in December, with the coincident index rising to 116.8 from 115.4 in November, reflecting gains in factory output, employment, and retail sales.
The leading index, which signals future activity, climbed to 108.9 from a three-month low of 107.8.
JACCSwill buy 49% of Malaysia's Carsome Capital for 3.5 billion yen to expand regionally, the consumer finance firm said. The share transfer is set for April 2025.
Calbeewill raise prices on JagaRico and souvenir products by 4%-19% from April 1, citing higher raw material costs.
Kurita Water Industriesposted a 10.6% rise in nine-month profit to 24.2 billion yen, with EPS at 215.55 yen. Net sales grew 4.9% to 300.84 billion yen.
Sumber : MT Newswires
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