S. Korean PM warns Japan should not further worsen trade spat over export curbs - Yonhap

Dhwani Mehta FXStreet

In a weekly government meeting on state affairs in the administrative capital of Sejong on Thursday, the South Korean Prime Minister (PM) Lee Nak-yon warned that Japan should not further aggravate tensions sparked by its export curbs against the South.

Lee added: "If Japan makes the situation worse, there is a concern that it can spiral out of control. We're ready for diplomatic consultations. We expect Japan to make a wise decision."

Despite the ongoing trade spat, the South Korean GDP returned to growth in the second quarter, arriving at 1.1% vs. 1.0% growth estimated.

Meanwhile, the USD/KRW cross keeps its recent trading range intact around 1,175 region, little affected by the rebound in the growth, as market remains concerned over the trade dispute.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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