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Japan fin min Aso says he does not expect trade war to be as big an economic shock as Lehman Brothers

Well, that’s encouraging 😀

  • Does not expect US-China trade war to immediately develop into an economic shock on the scale of the collapse of Lehman Brothers
  • Does not expect the US-China trade ware will be resolved easily either. 

 More pertinently from Mr. A:

  • maintains his view the sales tax will be raised as planned
  • right now no plans for additional fiscal spending

ForexLive

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