Japan Shares Recoup Tariff-Linked Losses, Aided by Toyota Gains
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Japan’s benchmark Topix Index rose to erase all losses triggered by Donald Trump’s so-called reciprocal tariff announcement, as progress in trade talks and a slightly weaker yen fueled risk appetite.
Gains in Toyota Motor Corp. and its group companies also boosted the broader Topix Index, with the carmaker rising 3.6% after a report that chairman Akio Toyoda has proposed a buyout of Toyota Industries Corp.