Reported about 22 hours ago
Japanese banks experienced their largest weekly drop in decades, fueled by fears that U.S. tariffs could hinder Japan's economic recovery. The banking index fell 20%, with major lenders like Mitsubishi UFJ Financial Group seeing significant losses. Analysts warn that the tariffs may exacerbate a slowdown in corporate activity and reduce demand for loans, raising concerns about the fragile state of Japan's economy.
Source: YAHOO