Japanese rubber futures traded above JPY 231 per kg, its highest since June 30th, supported by weaker yen and robust demand outlook. Investors anticipate a boost in demand from major economies from both tyre and the non-tyre sector resulting from the further lifting of COVID-19 restrictions, the revival of economic activities such as transportation and additional fiscal spending. Japan unveiled a record $490 billion spending package to cushion the economic blow from the COVID-19 pandemic including subsidies to boost domestic chip production. Also, the manufacturing production in China is set to rebound as the power supply crunch eased following government intervention. Meanwhile, the supply is set to remain stable as the Association of Natural Rubber Producing Countries said production is forecast to remain unchanged at the end of 2021. Historically, Rubber reached an all time high of 526.40 in February of 2011.