Created
: 2025.08.01
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Japan's Akazawa urges caution on interest rates, calls for US tariff relief
World FX news
Breaking news
Japan's Akazawa urges caution on interest rates, calls for US tariff relief
2025.08.01 10:14
2025.08.01 10:14
Japanese Economy Minister Ryosei Akazawa said on Friday that the government acknowledges the Bank of Japan's (BoJ) decision to hold interest rates steady at its July meeting on Thursday. Akazawa noted that policymakers acted prudently amid ongoing uncertainty in both domestic and global economic conditions.
Key quotes
Aware the BoJ chose to keep rates unchanged while mindful of the need to scrutinise developments at home and abroad.
Aware of Trump order to establish Japan tariffs at 15%.
Seeks implementation of deal including auto tariffs.
Paying attention to value, volume of exports.
Market reaction
At the time of writing, the USD/JPY pair is trading 0.04% higher on the day to trade at 150.80.
Bank of Japan FAQs
The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%.
The Bank of Japan embarked in an ultra-loose monetary policy in 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank's policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds. In March 2024, the BoJ lifted interest rates, effectively retreating from the ultra-loose monetary policy stance.
The Bank's massive stimulus caused the Yen to depreciate against its main currency peers. This process exacerbated in 2022 and 2023 due to an increasing policy divergence between the Bank of Japan and other main central banks, which opted to increase interest rates sharply to fight decades-high levels of inflation. The BoJ's policy led to a widening differential with other currencies, dragging down the value of the Yen. This trend partly reversed in 2024, when the BoJ decided to abandon its ultra-loose policy stance.
A weaker Yen and the spike in global energy prices led to an increase in Japanese inflation, which exceeded the BoJ's 2% target. The prospect of rising salaries in the country - a key element fuelling inflation - also contributed to the move.
Last updated
: 2025.08.01
Related articles
EUR/USD surges above 1.17 as Powell hints at September Fed cut
2025.08.23 06:25USD/CHF tumbles as Powell's Jackson Hole remarks trigger US Dollar selloff
2025.08.23 03:31NZD/USD rebounds from four-month low as Powell's Jackson Hole remarks sink US Dollar
2025.08.23 00:37USD/CAD slides as Powell turns dovish, Canadian Retail Sales beat
2025.08.23 00:21USD/JPY retreats from three-week high as Powell's remarks amplify September rate cut bets
2025.08.23 00:05EUR/USD jumps above 1.1700 on Powell's dovish words
2025.08.22 23:47
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?
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.
Most viewed
EUR/USD surges above 1.17 as Powell hints at September Fed cut
EUR/USD skyrockets during the North American session after Federal Reserve (Fed) Chairman Jerome Powell leaned dovish at his Jackson Hole speech, opening the door for a resumption of the easing cycle. The pair trades at 1.1718, up by 0.97%.
New
2025.08.23 06:25Dow Jones Industrial Average hits record highs after dovish Powell appearance
The Dow Jones Industrial Average (DJIA) soared to new all-time highs on Friday, testing above 45,700 for the first time since the index's inception.
New
2025.08.23 03:45Gold climbs as Powell flags rising labor risks, dovish Fed tilt
Gold prices continue to trend higher on Friday after the Federal Reserve (Fed) leaned dovish, as commented by the Fed Chair Jerome Powell, who said that "downside risks to the labor market are rising." XAU/USD trades at $3,371 after hitting a daily low of $3,321.
New
2025.08.23 03:44USD/CHF tumbles as Powell's Jackson Hole remarks trigger US Dollar selloff
The Swiss Franc (CHF) surges against the US Dollar (USD) on Friday after Federal Reserve (Fed) Chair Jerome Powell's remarks at the Jackson Hole Symposium triggered a broad-based Greenback selloff.
New
2025.08.23 03:31NZD/USD rebounds from four-month low as Powell's Jackson Hole remarks sink US Dollar
The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) on Friday, with NZD/USD rebounding from its lowest level since April 11 as traders reacted to Federal Reserve (Fed) Chair Jerome Powell's cautious remarks at the Jackson Hole Economic Symposium.
2025.08.23 00:37USD/CAD slides as Powell turns dovish, Canadian Retail Sales beat
The USD/CAD tumbles over 0.49% during the North American session as the Fed Chair Jerome Powell leans dovish and strong Canadian Retail Sales, boosted the Loonie. At the time of writing, the pair trades at 1.3835 after hitting a daily high of 1.3924.
2025.08.23 00:21USD/JPY retreats from three-week high as Powell's remarks amplify September rate cut bets
The Japanese Yen (JPY) advanced strongly against the US Dollar (USD) on Friday, with USD/JPY retreating from an intraday high of 148.78 to trade near 146.66, down almost 1% on the day.
2025.08.23 00:05EUR/USD jumps above 1.1700 on Powell's dovish words
The US Dollar (USD) collapsed as Federal Reserve (Fed) Chair Jerome Powell delivered his speech at a Jackson Hole Symposium, with EUR/USD peaking at 1.1707, up roughly 100 pips in the last few minutes.
2025.08.22 23:47GBP/USD jumps past 1.3500 as Powell leans dovish
The GBP/USD rallies as the Fed Chair Jerome Powell takes the stand at the Jackson Hole Symposium. At the time of writing, the pair trades above 1.3500 after Powell hints that the Fed might be ready to resume its easing cycle.
2025.08.22 23:46Silver extends rally as Powell's Jackson Hole remarks boost Fed cut bets
Silver (XAG/USD) rallies sharply on Friday, rebounding from an intraday low of $37.70 to trade near $38.70, up around 1.40% on the day.
2025.08.22 23:40Disclaimer:
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.
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
