Select Language

Japan's Ishiba: We have no intention to compromise on US tariffs

blockHeadVisual
  1. HOME
  2. Get information
  3. World FX news
  4. Japan's Ishiba: We have no intention to compromise on US tariffs

World FX news

search
Breaking news

Japan's Ishiba: We have no intention to compromise on US tariffs

  • X
  • facebook
  • LINE
  • RSS
  • X
  • facebook
  • LINE
  • RSS
New update 2025.06.02 14:01
Japan's Ishiba: We have no intention to compromise on US tariffs

update 2025.06.02 14:01

Japan's Prime Minister Shigeru Ishiba said on Monday that Japan reaffirmed that it was not backing down in wanting tariffs to be reduced. 

Japan's Economy Minister Ryosei Akazawa will leave Japan on Thursday to hold discussions with his counterparts, including US Treasury Secretary Scott Bessent, citing an unnamed government official.

Market reaction

At the time of writing, the USD/JPY pair is trading 0.36% lower on the day to trade at 143.50.

Japanese Yen FAQs

The Japanese Yen (JPY) is one of the world's most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan's policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.

One of the Bank of Japan's mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.

Over the last decade, the BoJ's stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.

The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen's value against other currencies seen as more risky to invest in.



Date

Created

 : 2025.06.02

Update

Last updated

 : 2025.06.02

Related articles

Show more

Writer

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?
No loading Yes loading

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Previous article

prev

WTI climbs to near $62.00 amid renewed trade tensions

Next article

Silver Price Forecast: XAG/USD holds steady above $33.00 mark, seems poised to climb further

prev

Most viewed

EUR/USD holds losses near 1.1450 after retreating from two-month highs

EUR/USD continues to lose ground after pulling back from a two-month high of 1.1495, marked on June 5, currently trading around 1.1440 during the Asian hours on Friday.
New
update2025.06.06 11:35

Australian Dollar extends gains as sentiment improves following a Trump-Xi phone call

The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday, extending its winning streak for the third successive day. Traders await the upcoming US Nonfarm Payrolls (NFP) report, due later in the day, seeking fresh insights into the United States (US) economy.
New
update2025.06.06 10:34

PBOC sets USD/CNY reference rate at 7.1845 vs. 7.1865 previous

The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1845 as compared to the previous day's fix of 7.1865 and 7.1935 Reuters estimate.
New
update2025.06.06 10:17

Japan's Kato: Monetary policy decision is up to BoJ

Japan's Finance Minister Katsunobu Kato, when asked about the US Treasury report on exchange rate, said that the monetary policy decision is up to the Bank of Japan.
New
update2025.06.06 09:54

GBP/USD continues to find fresh highs as Greenback withers

GBP/USD tested its highest bids in over three years on Thursday, briefly climbing above the 1.3600 handle in intraday trading for the first time in 40 months.
New
update2025.06.06 08:06

NZD/JPY Price Forecast: Climbs on eased US-China tensions

NZD/JPY climbed over 0.75% on Thursday amid a session that witnessed an escalation of the Trump-Musk fight on social media, which ultimately sent Testla (TSLA) stocks plunging over 14% during the day.
New
update2025.06.06 07:38

AUD/JPY Price Forecast: Rallies above 93.00 on risk appetite, as bullish engulfing pattern looms

The AUD/JPY prolonged its gains on Thursday and edged up over 0.76% amid a risk-on impulse sparked by news that the US and China might reach an agreement as President Trump spoke with China's President Xi Jinping during the day. At the time of writing the cross-pair trades at 93.30.
New
update2025.06.06 07:09

Canadian Dollar continues to gain ground, but momentum is fizzling

The Canadian Dollar (CAD) tested fresh eight-month peaks against the US Dollar (USD) on Thursday.
New
update2025.06.06 05:02

Mexican Peso strengthens ahead of Friday's NFP data, with US-Mexico relations in focus

The Mexican Peso (MXN) is on track to extend its winning streak for a second consecutive session against the US Dollar (USD) on Thursday. 
New
update2025.06.06 04:39

WTI Price Forecast: WTI Crude Oil holds gains above $62, momentum builds for further upside

West Texas Intermediate (WTI) crude oil extends its recovery on Thursday, building on early week gains as bulls capitalize on a bullish flag breakout. At the time of writing, WTI is trading around $62.80, up nearly 1.20% on the day, and just below the intraday high of $63.30.
New
update2025.06.06 04:10

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

arw
  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Line

Line
Facebook

Facebook
X

Twitter
Cancel