Geraldo Rivera: “The family did visit Japan… we did not see a single American car on the road in Tokyo — not a Caddy, not a Buick, not a Ford, not a Chevy… I have an innate sense that there’s something unfair going on… if they are screwing us, we got to tax them.” pic.twitter.com/awkaHEQaVS
— Rapid Response 47 (@RapidResponse47) April 3, 2025
Japanese banking stocks have suffered their sharpest weekly decline in over 40 years, signaling potential financial instability. Mitsubishi UFJ Financial Group (MUFG, 8306.T) saw its shares drop by 8.5% on Friday, culminating in a staggering 20% loss for the week. Mizuho Financial Group (MFG, 8411.T) experienced an even steeper fall, with shares plummeting 11% on Friday and over 22% for the week. Sumitomo Mitsui Financial Group (SMFG, 8316.T) followed suit, sliding 8% in a single day and more than 20% across the week.
The selloff comes amid fears of a global recession, exacerbated by U.S. President Donald Trump’s sweeping tariffs on international trade. Investors are retreating to safer assets, such as government bonds, as uncertainty looms over Japan’s economic outlook. The combined market value loss for Japan’s three megabanks exceeds 10 trillion yen ($69 billion), marking one of the most unsettling signals in recent financial history.
Sources:
https://finance.yahoo.com/news/global-rout-bank-shares-intensifies-093258665.html
https://www.globalbankingandfinance.com/GLOBAL-BANKS-JAPAN-f883eff3-2340-4a5c-a3dd-60f0ef6b90c8
https://www.tbsnews.net/world/japanese-stocks-bear-market-banks-slump-tariff-jitters-1107856
