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On March 7th, Japanese Economy, Trade and Industry Minister Ryosuke Akazawa stated on Friday that he hopes the United States will not impose tariffs higher than those agreed upon last year, as Japan and the United States prepare for their leaders meeting later this month. Following approximately two hours of talks in Washington with U.S. Commerce Secretary Rutnick, Akazawa said they also discussed the next round of joint business projects and cooperation in strategically important areas such as energy, critical minerals, and artificial intelligence. With Japanese Prime Minister Sanae Takaichi scheduled to meet with U.S. President Trump at the White House on March 19th, Akazawa indicated that the two countries will continue to work closely to ensure a "fruitful" visit for Takaichi. Akazawas meeting with Rutnick comes approximately two weeks after the U.S. Supreme Court rejected Trumps comprehensive global tariffs.On March 7, Lei Haichao, Director of the National Health Commission, said at a press conference on peoples livelihood during the Fourth Session of the 14th National Peoples Congress that by 2025, the proportion of outpatient visits to primary healthcare institutions in my country will reach 52.6% of the total outpatient visits nationwide, marking the fifth consecutive year of increase in both the number of outpatient visits and the proportion of outpatient visits to primary healthcare institutions.On March 7, Sun Yeli, Minister of Culture and Tourism, stated at a press conference on peoples livelihood during the Fourth Session of the 14th National Peoples Congress that the main tasks for the cultural and tourism departments going forward are to focus on building a culturally strong nation and a tourism powerhouse, to formulate and implement the "15th Five-Year Plan" for cultural and tourism development, to proactively align with national development strategies, and to plan and promote culture and tourism within the overall context of the Party and the countrys cause, so as to better leverage their role in cultivating character and empowering economic and social development.Market news: Iranian drones flew toward Israel.Market news: Iran launched a ballistic missile at Israel.

Forex

Volatility subsides around 101.80 as focus shifts to US S&P PMI in US Dollar Index Price Analysis

The US Dollar Index is in the green in advance of provisional US S&P PMI data. Thursday's market behavior was erratic after the publication of the eleventh consecutive report of higher-than-anticipated unemployment claims. The Fed's decision to increase interest rates has led to persistently deteriorating labor market conditions.