Japan economy minister Akazawa:
- No comment on BoJ rate level
- Treasury 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 inflation
- Govt, BOJ both striving to achieve 2% inflation, which will help achieve solid economic growth
- My understanding is that in latest US-Japan trade agreement chip-making equipment sector is included in chips
- But we have not specifically discussed this point with U.S yet
- U.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:
