Japanese actions reached the highest increase in a year on Wednesday (23), after the country has a trade agreement with the United States that reduces tariffs over its cars.
US President Donald Trump said on Tuesday that one will include Japan’s payment of a 15%rate below the US.
This occurred after an agreement with the Philippines, which provides for the US to charge a 19% rate on imports there.
The Japanese Nikkei Index rose 3.7%, with automakers’ shares rising after the news that the agreement would reduce the US car tariff to 15%, composed. Mazda Motor rose 17%, while Toyota jumped 13.6%.
Analysts noted that the trade agreement has reduced a great risk to the fragile Japanese economy, opening more space for Japan’s bank to increase interest rates to combat inflation.
