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Japanese Finance Minister Taro Aso was out on the wires earlier today, commenting following his meeting with the US Treasury Secretary Mnuchin on the trade issue at the G20 meeting held over the weekend.

Key Points:

Says he is not supposed to reveal what Mnuchin said.

Asked Mnuchin to dispel Japan’s concerns.

He will refrain from making comments on currencies.

Issues starting to calm down as show in short communique.

Trade friction is a bigger issue than it was 10 years ago.