Japan Foreign Minister Toshimitsu Motegi indicated he will speak to UK Trade Minister Liz Truss today to conclude the post-Brexit trade agreement. That, if agreed, would come just before Prime Minister Shinzo Abe steps down on September 15 for health reason.
The bilateral trade agreement is expected to largely replicate the Japan-EU agreement. UK expects to deal to increase trade with Japan by around GBP 15B a year in the long run.
Released from Japan, BSI large manufacturing conditions index rose to 0.1 in Q3, much improvement from -52.3. PPI picked up to -0.5% yoy in August, from -0.9% yoy.
