Japan’s TradeMin: An extra budget of around JPY 10 tln is needed

Dhwani Mehta FXStreet

Japanese Trade Minister was on the wires last minutes, via Reuters, also voicing the need for an extra budget of around JPY 10 trillion.

Japan’s Aso: Tax revenue for FY19 may be smaller than expected

Meanwhile, Japan’s lower house of parliament approved on Tuesday a limited trade deal agreed between the US and Japan. However, uncertainty still prevails over the US tariffs on the Japanese auto imports.

“Japan has estimated the initial deal will boost its economy by about 0.8% over the next 10-20 years, when the benefits fully kick in”, per Reuters.

The Yen stays bid in early Europe, keeping the USD/JPY pair in a narrow range around 108.60 levels, as markets trade cautiously amid trade pessimism and US President Trump’s latest tweet on Fed.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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