Japan Trade Minister Muto:

  • Asked that Japan be exempt from tariffs in talks with US officials.
  • Will continue talks on economic cooperation with the US.
  • Told the US that Japan will contribute to US economic development.
  • Did not get any assurance from the US that Japan will be exempted from US tariffs due to come into force on Wednesday.
  • Discussed LNG, including the Alaska project, in talks with US trade officials.

Yen is losing some ground, USD/JPY has bounced from lows around 146.80 to above 147.00 as I update.

Trump tariff man image
Source: Forex Live