A Trump administration official:
says Japan will increase purchases of agricultural products such as rice.
There are no changes to other current sectoral tariffs in the U.S.-Japan deal.
U.S. tariffs on Japanese autos and auto parts will total 15%.
Earlier:
Trump reckons he has completed a ‘massive deal’ with JapanTrump says hes not lying this time, Japan deal is a ‘lot different’ from deals in the pastJapan’s Akazawa says ‘Mission Complete’Japan and US agreed to 15% auto tariff according to NHK
Nikkei higher:
Japan stocks – Nikkei has risen to its highest since 17 July 2024
USD/JPY has been choppy, yen losing some ground now:
This article was written by Eamonn Sheridan at investinglive.com.