TOKYO — Japanese stocks rose sharply on Friday, at one point breaching the 42,000 mark, as investors welcomed a possible U.S. interest rate cut, as well as clarity on the Tokyo-Washington trade deal.
Strong earnings results push SoftBank Group, Sony shares to record highs
Speculation is spreading in the market about a rate cut in the U.S. as President Donald Trump continues his criticism against Federal Reserve Chair Jerome Powell. (Photo by Hazumu Urushiyama)
JADA NAGUMO
August 8, 2025 12:54 JST
Updated on August 8, 2025 16:28 JST
