Japan economy minister Akazawa remarks after the poor economic data earlier from Japan:

  • Improvements in job, income conditions likely to underpin moderate economic recovery
  • Must be mindful of downside risks to economy from U.S. trade policy
  • Hit to consumption, household sentiment from sustained price rises also becoming downside risk to Japan’s economy
  • Govt will continue to demand review of U.S. tariffs, take all necessary steps to offer liquidity aid to impacted firms
  • No notable impact of US tariffs on Japan’s Q1 GDP, will scrutinise various data that will become available to gauge impact on economy

Earlier:

USD/JPY update:

usdyen akazaw gdp 16 May 2025 2
Source: Forex Live