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  • 3 months ago

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00:00And meeting the Japanese emperor, another big thing that we know will impress Donald Trump.
00:05And also the first female prime minister of Japan, a big test for her just two weeks after winning the election.
00:13But like you said, always been traditionally close allies.
00:16He loves Shinzo Abe, the former prime minister of Japan.
00:20We know the new leader is very closely aligned to Abe's politics.
00:25So things really looking positive if we want to look at it that way on the second leg of the Asia tour.
00:31But what has been the financial effect of this visit?
00:35Because just looking at the markets today, Japan's Nikkei closed the highest it has done ever.
00:41So a big surge there.
00:43U.S. markets super optimistic today too ahead of the talks with Xi Jinping and Donald Trump.
00:49Hopefully the U.S.-China trade war that we've been seeing can dampen down.
00:53But so much happening on the financial front.
00:56Well, generally the markets, whether in Asia or in the U.S., have closed on a rise because of this tour.
01:04And not just because of that, because of the announcement of reaching a trade framework between the U.S. and China in the past 24 hours.
01:15That also had a very positive effect on the markets.
01:19But if we talk about the financial repercussions, let's say, of this tour, they are very lucrative.
01:26We're talking about many deals on trade, on critical earth minerals with four Southeast Asian countries only during the first stop of Donald Trump, which is in Malaysia.
01:43Also, when it comes to Japan, Trump has already secured a $550 billion investment pledge from Tokyo, possibly in power grids or in other areas.
01:55Also, the new prime minister, who is, as you said correctly, she's already in favor with President Trump because she was close to the previous prime minister who was assassinated, who's also a close ally to President Trump.
02:11So the new prime minister is hoping also to further impress President Trump by pledging to buy and purchase more U.S. pickup trucks, soybeans, gas and other commodities.
02:25And also, apparently the two countries are going, at least when it comes to Japan, they are going to sign a memorandum of understanding on investment in shipbuilding as well.
02:36So this is just sort of so far into this trip.
02:40We're expecting to see more deals as Donald Trump also goes to South Korea on Thursday.
02:47Maybe a breakthrough.
02:49I mean, they have reached a trade framework, breakthrough trade framework between China and the U.S.
02:57So probably that will be solidified as well during this visit.
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