Japanese stocks in bear market as banks slump on tariff jitters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 04 2025
0mins
Source: Reuters
Japanese Stock Market Decline: Japanese stocks experienced their steepest weekly drop in five years, with the Nikkei average falling 2.75% on Friday and a total of 9% for the week, driven by fears of a global recession following U.S. tariffs announced by President Trump.
Impact on Banking Sector: The banking index suffered significantly, dropping over 8% on Friday and recording a 20% decline for the week, its worst performance on record, as investors reacted to uncertainties regarding economic growth and potential interest rate hikes by the Bank of Japan.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
