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Japanese Chief Cabinet Secretary Suga was on the wires last minutes, via Reuters, noting that Japan is closely watching US-China trade developments.

This comes after the US and China began imposing additional tariffs on each other’s goods on Sunday, the latest escalation in the trade dispute, despite signs that talks would resume later this month.

The risk sentiment is softer in Monday’s Asian trading amid trade escalation and downbeat manufacturing sector activity across the region excluding China.