Japanese Stocks Slide Ahead of GDP Data, Potential US Fed Rate Cut
Japanese stocks edged lower on Thursday as investors adopted caution ahead of Friday's gross domestic product release and growing expectations of a US Fed rate cut in September.
The Nikkei 225 opened down 145.49 points, or 0.3%, at 43,129.18.
Economists expect Japan's economy to have grown modestly in the second quarter, with Bloomberg's median forecast projecting 0.4% annualized expansion, avoiding recession on stronger domestic demand and capital spending.
Meanwhile, political pressure mounts on the US Federal Reserve, as Treasury Secretary Scott Bessent reportedly pushes for a 150-basis-point rate cut--a move that could further influence global markets.
Separately, Trump's proposed revenue-sharing plan on chip sales to China is causing US firms to reassess their business strategies in the region, adding another layer of uncertainty to global trade dynamics.
Source : MT Newswires
