{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/631a89913c2be9001415dc41/687d4fca498abee416235acf?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Not so big in Japan.","description":"<p><strong>Monday 21st July 2025</strong></p><p><br></p><p><a href=\"https://www.nab.com.au/content/dam/nabrwd/documents/notice/corporate/nab-research-disclaimer.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">NAB Markets Research Disclaimer</a>&nbsp;</p><p><a href=\"https://www.nab.com.au/financial-services-guide?S_KWCID=SEACT\" rel=\"noopener noreferrer\" target=\"_blank\">Financial Services Guide | Information on our services -</a>&nbsp;<a href=\"https://www.nab.com.au/financial-services-guide?S_KWCID=SEACT\" rel=\"noopener noreferrer\" target=\"_blank\">NAB</a></p><p><br></p><p>It looks like Japan’s Prime Minister Ishiba has lost his majority, according to exit polls on Sunday. NAB’s Skye Masters says it was already priced into markets, with 30-year bond yields reaching record highs last week, but it comes at a bad time as Japan tries to negotiate a trade deal with the US, with the 1st August deadline looming. A deal might be reached with the EU this week or next, but President Trump has indicated he is inclined to a base tariff of 15 – 20%, even with a deal. A low level of data means the focus this week will be on tariff news, and corporate earnings, including Tesla and Alphabet in the middle of the week.</p>","author_name":"Phil Dobbie"}