Japan debt agreements affected as tariffs hit deals outlook across Asia

Three Japanese companies have postponed the sale of 100 billion yen ($678.43 million) worth of yen-denominated bonds in the wake of global financial market volatility induced by US tariff announcements, according to a source and the companies.

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Japan's largest Asahi, was due to issue 50 billion yen ($340 million) this month but shelved the issuance due to market turmoil, a company spokesperson said.

Suntory Holdings deferred the issuance of 10 billion yen in subordinated bonds whose pricing was planned for this week, a spokesperson said.

Nissin Foods said it has postponed a planned bond issuance but declined to comment further.

The noodle maker was due to issue bonds worth 40 billion yen, according a source familiar with the matter.

The three Japanese debt deals were shelved as financial markets grapple with the global fallout from US President Donald Trump's tariffs which investors fear could spark an all-out trade war and deepen recession.

Asian stocks advanced on Tuesday off more than one-year lows and US stock futures rose, but investors remained on edge even as they hoped Washington might be willing to negotiate some of the aggressive tariffs that have threatened turmoil in markets.