Japan economy minister Akazawa: Govt, BOJ both striving to achieve 2% inflation ...Middle East

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Japan economy minister Akazawa: Govt, BOJ both striving to achieve 2% inflation

Japan economy minister Akazawa:

No comment on BoJ rate levelTreasury Secretary Bessent did not call on BOJ to raise interest rates, said only that BOJ likely to raise rates as it was behind the curve on inflationGovt, BOJ both striving to achieve 2% inflation, which will help achieve solid economic growthMy understanding is that in latest US-Japan trade agreement chip-making equipment sector is included in chipsBut we have not specifically discussed this point with U.S yetU.S. tariff likely to push down Japan’s real GDP by 0.3–0.4%

Meanwhile, USD/JPY is lower still, circa 147.35

    Earlier:

    Japan Eco Minister Akazawa on GDP: Latest data confirm the economy is recovering modestly.Japan preliminary Q2 GDP +0.3% q/q (expected +0.1%) This article was written by Eamonn Sheridan at investinglive.com.

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