Trump admin official says Japan will buy more agricultural produce from US

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 Japan
• Trump says hes not lying this time, Japan deal is a ‘lot different’ from deals in the past

• Japan’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.