SOFTBANK CP UNSP ADR (SFTBY), SOFTBANK CORP ORD (SFTBF) - 2 More Directors Depart from SoftBank Group: FT benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
By Syndicated Content
By Hideyuki Sano
TOKYO (Reuters) - Japanese firms with strong Chinese ties are seeing their shares fall ahead of a meeting of Prime Minister Yoshihide Suga and U.S. President Joe Biden, as investors fear pressure to align Japan more closely with Washington s tough stance on Beijing.
Shippers, retailers and manufacturers of various machines and components with significant dependence on Chinese demand could bear the brunt of further diplomatic tension in the form of trade restrictions or popular boycotts, analysts said.
Suga on Friday will be the first foreign leader to visit the White House since Biden took office in January, widely seen as an indication by both countries as a desire to revitalise their alliance to counter China s growing clout.
4 Min Read
TOKYO (Reuters) -Japanese firms with strong Chinese ties are seeing their shares fall ahead of a meeting of Prime Minister Yoshihide Suga and U.S. President Joe Biden, as investors fear pressure to align Japan more closely with Washington’s tough stance on Beijing.
FILE PHOTO: Japanese Prime Minister Yoshihide Suga announces that Tokyo, Kyoto and Okinawa will have pre-emergency status under a new prevention law during a government task force meeting at the prime minister s office, Tokyo, Japan, April 9, 2021. Eugene Hoshiko/Pool via Reuters
Shippers, retailers and manufacturers of various machines and components with significant dependence on Chinese demand could bear the brunt of further diplomatic tension in the form of trade restrictions or popular boycotts, analysts said.