Yasutoshi Nishimura is an adviser to the Japanese Prime Minister Abe:
- Wants to tell the US that any border tax it imposes should not violate World Trade Organisation rules
- Not ruling out a US-Japan free trade agreement, but negotiations are not likely to start soon
via Reuters
ps. New USD highs for the session pretty much across the board (not against the AUD):
ICYMI:
Speeches from various Federal Reserve officials have brought a March rate hike well and truly back into focus, with probabilities as high as 80% now being bandied about (I covered this in the wrap, but here are the links again:
- More from Fed"s Bullard: No reason to be aggressive in rate hikes
- More from Fed"s Bullard: Not much inflation pressure with 2% economic growth
- Fed"s Bullard: Fed has essentially achieved its dual mandate
- More from Fed"s Williams: Does not see need to delay on hiking
- More from Fed"s Dudley: "Good" fiscal policy to share more on stimulus burden
- Fed"s Williams on the USD: Value determined by markets, a key input to outlook
- Fed hike odds jump on Dudley comments. USD/JPY setting up for a big gain
- USD/JPY liking the hawkish Fed remarks
- The Fed is on a communications offensive
- Fed"s Dudley: Case for rate rise is more compelling
- More from Fed"s Williams: Right now interest rates are abnormally low,
- Fed"s Williams: Rate increase up for "serious consideration" in March
- Fed"s Harker: Repeats that 3 hikes appropriate this year
)
Adviser to Japan PM Abe says any US border tax should not violate AWTO rules
Adviser to Japan PM Abe says any US border tax should not violate AWTO rules
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