Japanese Finance Minister Katsunobu Kato drew attention by mentioning that the country’s more than $1.1 trillion in U.S. Treasury bonds could potentially be a “card on the table” in negotiations with Washington over Trump’s steep tariffs on autos and other imports.

Global stock markets rose on Friday as jobs data reassured investors on the US economy, as did indications Beijing and Washington may begin to talk about resolving their tariff standoff.