According to Jin Ten data, Japan and the United States reached a trade agreement, keeping steel and aluminum tariffs unchanged at 50% and reducing automobile tariffs to 15%. Japan plans to increase rice imports from the United States within the minimum import quota.
Trump stated that Japan will invest $550 billion in the United States, and the U.S. will receive 90% of the profits. The market reacted differently, with some institutions believing that the agreement will pave the way for the Bank of Japan to raise interest rates.
The Commonwealth Bank of Australia pointed out that the implementation of tariffs has brought Japan's fiscal outlook into focus, and the yen may face pressure. Citibank believes that the agreement helps eliminate trade uncertainty.
Saxo Bank stated that the $550 billion investment is a political show, and lowering tariffs is meaningful. Sony Financial Group believes the agreement is 'a mixed bag' for the Japanese stock market.
