Japan Minister of Economy Ryosei Akazawa said on Friday that there is no comment on specific negotiations with the United States. Akazawa said that Japanese officials want to have the next meeting after mid -May.
Key quotes
Negotiations lasted 130 minutes
Able to conduct thorough discussions.
He again asked to check the tariffs for Japan.
No comment on specific negotiations.
He said how Japan can expand commercial, non -dariff, and economic security in the USA.
The US said that tariff means are regrettable.
I didn’t discuss forex.
You want to organize the next meeting after mid -May.
No discussion on national security.
He asked us to check tariff in car parts.
Negotiations are treated as a package.
National security matters differ from tariff talks.
I didn’t talk about China during talks.
It has already been decided that Forex issues would be discussed between finance ministers.
Understand that the United States want to achieve some consent in a 90-day window with different countries.
Market reaction
At the time of writing, the USD/JPY pair trads 0.29% higher on the day to trade at 145.82.
Frequently inflicted by Japanese Jena
Japan Japan (JPY) is one of the most rotating currencies in the world. Its value depends widely by the results of the Japanese economy, but more specifically by Bank of Japan Policy, the difference between the profitability of Japanese and American bonds or risk moods among investors.
One of the mandates of the Bank of Japan is currency control, so its movements are crucial for Jen. Boj sometimes intervened directly on currency markets, generally to reduce the value of Jen, although it often refrains from doing it because of the political fears of the main trading partners. BOJ Ultra-Loose Monetary policy in the years 2013–2024 meant that Jen was absorbed in relation to the main currency peers due to the growing discrepancy of policy between the Bank of Japan and other main central banks. Recently, the gradual unwinding of this ultra-losing policy gave some support to Jen.
Over the past decade, the attitude of the BOJ regarding the sticking to the ultra-losing monetary policy has led to the discrepancy of politics with other central banks, especially among the US Federal Reserve. This confirmed the expansion of the difference between 10-year bonds in the USA and Japanese, which favored the American dollar in relation to Japanese yen. The decision Bij in 2024, about the gradual abandonment of ultra-losing policy, combined with interest cuts at other main central banks, narrows this difference.
Japanese yen is often seen as a protected investment. This means that in times of market stress, investors more often place their money in Japanese currency due to its alleged reliability and stability. Turbulent times will probably strengthen the value of Jen in relation to other currencies perceived as more risky to invest.
