Japan Stocks Set to Follow Yen Lower After New Tariff Deadline
Gantry cranes at a shipping terminal in Yokohama, Japan.
Photographer: Toru Hanai/BloombergJapanese equities were poised to join the yen in moving lower as investors in Tokyo awoke on Tuesday to weeks of more uncertainty over US tariffs.
The currency dropped more than 1% versus the dollar during the New York session overnight while the American depositary receipts of Japanese companies traded in the US slid after President Donald Trump wrote a letter to Prime Minister Shigeru Ishiba threatening levies of 25% beginning Aug. 1.