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International Business Times
International Business Times
Business

Asian Markets Boosted By 'Big Progress' In Japan Tariff Talks

Governments are looking to strike trade deals with Washington to temper the impact of Donald Trump's tariff blitz (Credit: AFP)

Tokyo led stocks higher Thursday as optimism over Japan-US trade talks offset Federal Reserve boss Jerome Powell's warning that Donald Trump's tariffs could force officials to choose between fighting inflation or unemployment.

Investors are keeping a nervous eye on Washington for the next three months as governments scramble to cut deals to avert crippling tariffs unveiled by the US president on his April 2 "Liberation Day" but delayed for 90 days.

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