Japan’s Concern Over China Rare Earth Curbs, Credit Woes Hit Wall Street | Bloomberg Daybreak:…
Japan’s Finance Minister Katsunobu Kato voiced serious concern over China’s latest export controls on rare earths, stressing the importance of coordinated action from Group of Seven nations. “Japan is deeply concerned about these measures,” Kato told reporters in Washington on Wednesday, referring to China’s latest trade measures. “I called for G-7 nations to unite and respond,” Kato said. Kato spoke following a G-7 meeting held on the sidelines of the International Monetary Fund and World Bank annual meetings. Also in Japan, ruling party leader Sanae Takaichi’s chances of becoming prime minister strengthened after progress on policy talks with the Japan Innovation Party, with Monday emerging as a deadline for deciding whether the parties form a new coalition. The Liberal Democratic Party and the Osaka-based JIP, also known as Ishin, confirmed they are on the same page on major policy items. But one major sticking point remains in place: reforms on political funding rules. For more perspective, we speak to Shuntaro Takeuchi, Portfolio Manager at Matthews Asia.
Plus – Stocks slid, extending a weeklong stretch of volatility on Wall Street, as bad loans at two regional banks stirred concern about credit quality in the economy and further underscored the fragility of the $28 trillion bull market. Following an earlier advance driven by another solid outlook for artificial-intelligence demand, the S&P 500 turned lower as a pair of regional lenders disclosed problems with loans involving allegations of fraud, adding to concern that more cracks are emerging in borrowers’ creditworthiness. We turn to Jeff Palma, Head of Multi Asset at Cohen & Steers.
See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.
Bloomberg Daybreak Asia delivers today’s top stories, with context, in just 15 minutes. Get informed from Bloomberg’s 2,700 journalists and analysts in 120 countries.
Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts
Listen to more Bloomberg Daybreak: Asia Edition: https://youtube.com/playlist?list=PLe4PRejZgr0Mvkfte_CsCiKEYuP9DtXN8&si=Ky0uVnCLSx09B-p6
#Bloomberg #Podcast #Asia
Visit us: https://www.bloomberg.com/podcasts
Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts
Visit our other YouTube channels:
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
For coverage on news, markets and more: http://www.bloomberg.com/video
11 Comments
Theres nothing that the G7 can do, they don't control the heavy rare earths.
😅
Japan have supplies of their own. The quasars multi lateral respect.
And this word 'reality' again – as the US realises evasive exception based capital flows are rotating.
Yes God forbid they can't manufacture weapons anymore 😂😅
is this guy Japanese or American?
Those leaders never said anything when the convicted felon forbade the sale of technology to China, told China to sell TikTok, imposed tariffs on almost every country. Only Antarctica escaped tariffs.
Japan curbs semiconductor chemical and that justified according to Japan , dog bark along with her master
Japan is merely a client state of the US
western have export control to china for decades…
Japan, the US colony, feels the heat of China's rare earth curbs
Japan still have that genocidal mentality they had during WW2, China understands that the history might repeat. China gave the West gunpowder and they turned it into a weapon. Rare earth used to make weapons by those countries hating China is a mistake. China had no choice but to sell as they were bullied by the West. I guess that's coming to an end.