Japan’s Economic Minister has crossed the wires, who has said that they are doing everything possible to pass the trade bill in the current Diet.
Additional comment:
Want to decide size of economic measures based on macro conditions, typhoon damage.
FX implications:
The trade deal reached between Japan and the United States earlier this year was announced by Japane to be expected to boost Japan’s economy by about 0.8%, a much-needed increment which would likely increase the value of the Yen which otherwise trades as a proxy to market risk appetite. The US and Japan are seeking to put the trade pact, which was signed last week, into force on Jan. 1, a deal that cuts tariffs on U.S. farm goods, Japanese machine tools and other products while further staving off the threat of higher US car duties.
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