Japan says trade deal with US will boost GDP by 0.8%

[TOKYO] The trade deal reached between Japan and the United States is expected to boost Japan's economy by about 0.8 per cent, 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.

REUTERS