Prime Minister of Japan Siger Isiba He stated today (14/03) that customs duties introduced by the United States could potentially destabilize the situation, emphasizing the importance of understanding this step taken by the American president.
“At first they thought that this was selling China. But it was a country friendly to us – Japan, which sold bonds in huge quantities and thereby raised interest rates to a dangerous level. I was told that such instability clearly impressed the immune (US finance finer)”,
– the informed source said, for obvious reasons, who decided to remain anonymous.
“In negotiations with the United States, we need to understand what is behind Trump's argument – both in terms of logic and in terms of emotions“, Said Mr. Ishiba, addressing the Japanese parliament. Mr. Isib emphasized that his government is not considering the possibility of preparing an additional budget at present, but is ready to act in a timely manner in order to soften the blow to Japan's economy due to additional American customs duties.
These comments are made a few days before the start of bilateral Trade negotiations in the great Thursday (17/04), which will include on the agenda questions from duties to non -tariff barriers in trade and foreign exchange rates.
“Athenian news”reported earlier that Trump's decision suspend the introduction of duties It was adopted after Japan began to massively sell American government bonds, which led to the collapse in the market.
The sale of government bonds by Japan led to the collapse in the market of the American state debt on Tuesday evening. Panic began when the profitability at the interest rates of government bonds sharply took off.“The higher the interest rates – the higher the cost of serving the public debt, the more difficult it is to finance social security, etc. After suspension of duties, the bond market began to calm down.”
The sale of government bonds by Japan led to the collapse in the market of the American state debt on Tuesday evening. Panic began when the profitability at the interest rates of government bonds sharply took off.“The higher the interest rates – the higher the cost of serving the public debt, the more difficult it is to finance social security, etc. After suspension of duties, the bond market began to calm down.”
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