Published on 06/30/2025 at 03:09
(MT Newswires) -- Japanese shares ended higher on Monday, lifted by easing U.S.-Canada trade tensions, despite President Donald Trump saying Japan engages in "unfair" auto trade and should boost U.S. imports to reduce the trade deficit.
The Nikkei 225 rose 0.84%, or 336.6 points, to end at 40,487.39.
Canada scrapped its digital services tax on Sunday to advance trade talks, yielding to U.S. pressure as Trump pushes for a deal by July 21, later than his original July 9 deadline.
Japan is seeking exemptions from planned 25% U.S. auto tariffs and a potential 24% "reciprocal" levy, with talks continuing ahead of the Sept. 1 Labor Day target.
Trump said Japan sends millions of cars to the U.S. while restricting American autos, calling the imbalance unfair. He urged Japan to import more U.S. oil and goods to reduce the trade gap.
Autos made up 28% of Japan's 21 trillion yen ($145 billion) exports to the U.S. last year.
In economic news, Japan's industrial production rose 0.5% in May from April, but fell 1.8% year-on-year, reversing a 0.5% annual gain in April, preliminary government data showed Monday.
Manufacturers expect output to rise 0.3% in June and fall 0.7% in July.
May shipments rose 2.2% from April but fell 2.4% year-on-year, while inventories declined 1.9% on the month and 3.2% from a year earlier.
On the corporate front, CTBC Financial'sTokyo Star Bank will acquire Japan's Gracchus Servicer for about 240 million yen in cash, aiming to expand its business.
Resol Holdingsconfirmed Mitsui Fudosanas its top shareholder with 31% voting rights. The firms maintain business ties and governance links, with transactions on market terms.
Tokyo Cosmos Electricis in talks with Bourns Japan over unresolved issues delaying a planned tender offer. Bourns now targets early to mid-July for launch, though Tokyo Cosmos disputes the delay.

Sumber : MT Newswires