Japan economy minister Akazawa remarks after the poor economic data earlier from Japan:
Improvements in job, income conditions likely to underpin moderate economic recoveryMust be mindful of downside risks to economy from U.S. trade policyHit to consumption, household sentiment from sustained price rises also becoming downside risk to Japan’s economyGovt will continue to demand review of U.S. tariffs, take all necessary steps to offer liquidity aid to impacted firmsNo notable impact of US tariffs on Japan’s Q1 GDP, will scrutinise various data that will become available to gauge impact on economyEarlier:
USD/JPY up
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