Trump’s Japan Trade Deal
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Japans ruling coalitions loss in the Upper House election is unlikely to trigger major market volatility, according to analysts at BofA Securities and Morgan Stanley. Despite the Liberal Democratic Party (LDP) and
Japan trade deal boosts Japanese equities and benefits Franklin FTSE Japan ETF, but faces issues with tariffs and market trends. Click for my FLJP update.
Gold retreated slightly after the U.S.–Japan trade deal boosted risk sentiment, denting haven demand. Yet, prices stay near April highs with global uncertainty ahead of the Fed meet. Oil steadied as U.
Japan's exports fell in May for the first time in eight months as big automakers like Toyota were hit by sweeping U.S. tariffs, and the failure of Tokyo to clinch a trade deal this week will likely pile pressure on a fragile economy.