Japan’s trade deal with United States estimated to boost economy

Japan and United States has ink a limited trade deal that will cut tariffs on farm goods from United States, machine tools from Japan and other products. According to Government of Japan, the trade deal forecast to grow Japanese economy under 1.0%.

The deal is also estimated to contribute about 4 trillion yen to gross domestic product of Japan based on its fiscal 2018 GDP and the pact will create about 280,000 jobs in Japan.