Japan’s Finance Ministry panel recommends revoking Russia's most-favoured-nation status
|Japan's Finance Minister constituted an advisory panel, which recommended on Tuesday to change the law for revoking Russia's most-favoured-nation trading status.
This comes in response to the Russian invasion of Ukraine and Moscow’s continued atrocities against the latter’s innocent civilians.
Market reaction
Risk sentiment is turning sour in the European session, as Ukrainian President Volodymyr Zelenskyy roiled any chances of an in-person meeting with his Russian counterpart Vladimir Putin.
The S&P 500 futures are down 0.20% on the day while USD/JPY is rebounding towards 123.00, reversing BOJ Governor Kuroda’s jawboning-led losses.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.