24 de abril de 2014 / 4:23 / hace 3 años

Nikkei extends losses after Abe says US-Japan trade pact still not finalised

TOKYO, April 24 (Reuters) - Tokyo stocks slipped to one-week
lows on Thursday, extending losses into the afternoon session as
Japanese Prime Minister Shinzo Abe said that a trade pact with
the United States hasn't  been finalised yet. 
   Abe's comments came after a meeting with U.S. President
Barack Obama who is on a state visit to Japan.
   Some investors had been hoping that a two-way trade deal,
seen as crucial to a broader trans-Pacific agreement, could be
reached at the meeting. 
    The Nikkei share average fell 1.2 percent to
14,367.13 at one point, its lowest level since Thursday last
week. 
    A U.S.-Japan trade deal could benefit Japan's major
exporters such as car makers in the medium-term. Abe has touted
the broader trade deal as vital for growth in the world's
third-biggest economy, but faces tough domestic opposition to
opening up agricultural market. 
    Mollifying Japan's powerful farmers' lobby and completing a
successful trade pact is seen as a key test on whether Abe can
deliver the third arrow, or structural reform, to go with two
others that's already been deployed -- fiscal and monetary
stimulus measures.
    The Nikkei was also under pressure ahead of the looming
earnings season and lingering worries over the economic impact
of a sales tax hike that kicked in this month.
    The broader Topix index fell 0.9 percent.

 (Editing by Shri Navaratnam)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below