Bloomberg Daybreak: Asia Edition APAC Stocks Dip After US Selloff; Suntory Holdings CEO Takeshi Niinami
Apr 22, 2025
Takeshi Niinami, Chairman and CEO of Suntory Holdings and Senior Economic Advisor to Japan's Prime Minister Ishiba, discusses the troubling implications of U.S. tariffs on international trade. He highlights Japan's firm stance in upcoming trade negotiations, stressing the need to protect national interests. Niinami voices concerns about market volatility and the effects of U.S. monetary policy on global markets. The conversation also touches on Japan's strategies in navigating trade challenges while fostering free trade initiatives in a shifting economic landscape.
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Market Anxiety from Fed Criticism
- Trump's criticism of Fed Chair Powell unsettles markets and raises anxiety about rate cuts.
- Investors worry about the risks of premature cuts amid potential inflation and economic weakening.
Fixed Income as Volatility Buffer
- Stay invested in fixed income to benefit from attractive coupon income cushioning volatility.
- Pick spots carefully but fixed income offers more stability than stocks in volatile markets.
Tariffs Threaten Japan's Economy
- The current U.S. tariff negotiations could reduce Japan's GDP by 1% to 1.2%, risking jobs in companies like Mazda.
- Business confidence and consumer spending in Japan are declining due to tariff tensions.