• Spoke with Lutnick for 40 minutes
• Agreed to actively engage in trade negotiations
• Japan is not looking for easy compromises

The comments are lacking in details as you’d expect but we’ll now see what Japan’s appetite really is after having put on the tough guy suit for a few months now. They have until 1 August to try and find some common ground.

This article was written by Justin Low at www.forexlive.com.