Trading places

Good afternoon. Here's what you need to know to end your day.

Japan and the U.S. finished talks on a trade deal with no indication yet on how the two sides responded to Donald Trump's threat to slap tariffs on the $50 billion in cars and parts shipped by Japan to the U.S. annually. Regional markets are weighing the potential impact of another round of high-level trade talks, this time between the U.S and China, while the PBOC's chief said there's no need to deploy monetary stimulus, in contrast with other central banks.