By Kantaro Komiya TOKYO (Reuters) -Japanese manufacturers' business confidence improved slightly in July and is expected to strengthen further in the coming months despite ongoing concerns about U.S.

Investing.com-- Asian fund managers turned more optimistic over the economic outlook amid cooling investor concern over the economic impact of U.S. President Donald Trump’s trade tariffs, a Bank of America (NYSE: BAC) survey showed.

China reported a better-than-expected economic growth as the world’s second largest economy took advantage of a trade truce with the US amid President Donald Trump’s tariff offensive.

Kato, Japan govt continues to assess economic impact of tariffs Japan's Finance Minister Kato stated that the country will take necessary steps to support industries affected by U.S. tariffs while coordinating with other agencies.

Over the last decade, prices have generally increased at a rate of 3.5% per year. Over the last 20 years, consumer inflation has typically risen by 3.3% annually. The Federal Reserve, however, has aimed to keep annual inflation at approximately 2%.

A new report from the Council of Economic Advisers found that the prices of imported goods have fallen this year and have declined faster than overall goods prices since February.

EU trade ministers are meeting in Brussels to discuss 30% tariffs announced by President Donald Trump over the weekend.