Japan Stocks Open Higher Following Tariff Cuts

Japan Stocks Open Higher Following Tariff Cuts


Tokyo: Japan’s Nikkei index rose 0.73% to 42,890.85 points by mid trading session on Friday, following a cut in tariffs on Japanese cars and other products. The broader Topix index gained 0.35% to 3,091.08 points.



According to Bahrain News Agency, the increase in stock values came after significant tariff reductions, which are expected to positively impact Japanese exports. The automotive sector and other industries are anticipated to benefit from these changes, contributing to the upward movement in the stock indices.