EUR/USD
1.14676
0.042%
Gold
4034.45
-0.637%
Oil
78.925
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USD/JPY
162.070
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1.35358
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GBP/JPY
219.381
-0.079%
Real-time News
A senior Bank of Japan official stated that appropriate monetary policy will achieve stable inflation and put the economy on a path of sustainable growth.On July 16, the Office of the United States Trade Representative (USTR) announced that, following instructions from President Trump, US Trade Representative Greer took final action under Section 301 of the Trade Act of 1974, imposing a 25% tariff on certain Brazilian goods. This decision stems from a year-long USTR investigation. The investigation concluded that some of Brazils measures regarding digital trade and electronic payment services, unfair preferential tariffs, anti-corruption enforcement interference, intellectual property protection, ethanol market access, and illegal deforestation were "unreasonable practices" that burdened or restricted the business activities of US farmers, workers, innovative companies, and exporters. Greer stated, "Despite extensive negotiations with Brazil over the past year, these issues remain unresolved. The United States remains committed to continuing negotiations with Brazil to address the long-standing issues identified in this investigation." The US will exempt Brazilian beef and coffee from the new 25% tariffs on Brazilian goods.A senior Bank of Japan official stated that delaying adjustments to stimulus measures could lead to these risks materializing and trigger a future economic downturn, given the current high risk of upward inflation.According to the Nikkei Asian Review, the Japanese government and the ruling Liberal Democratic Party plan to raise the shareholding threshold for holding an extraordinary general meeting of shareholders from the current 3% to more than 5% of the voting rights.The Office of the United States Trade Representative announced that it will impose a 25% tariff on certain goods from Brazil.
