US trade deal estimated to boost Japan's GDP by 0.8%

Published : 08:47, Oct 18, 2019 | Updated : 08:48, Oct 18, 2019

An industrial port is pictured in Tokyo, Japan, May 23, 2019. REUTERS/Kim Kyung-Hoon/File PhotoThe trade deal reached between Japan and the United States is expected to boost Japan’s economy by about 0.8%, the Japanese government said on Friday.
The deal is also estimated to contribute about 4 trillion yen to Japan’s gross domestic product based on its fiscal 2018 GDP and the pact will create about 280,000 jobs in Japan, it said.
The United States and Japan signed a limited trade deal that cuts tariffs on US farm goods, Japanese machine tools and other products while further staving off the threat of higher US car duties.