Select Language

Japan's Akazawa: Latest GDP data confirm economy is recovering modestly

Breaking news

Japan's Akazawa: Latest GDP data confirm economy is recovering modestly

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.08.15 10:26
Japan's Akazawa: Latest GDP data confirm economy is recovering modestly

update 2025.08.15 10:26

Japanese Economy Minister and chief trade negotiator, Ryosei Akazawa, said on Friday that the latest data confirmed the Japanese economy is recovering modestly.

Key quotes

Must remain mindful of risks from US trade policies that could weigh on growth.

Rising prices could dampen consumer sentiment and hurt private consumption.

Market reaction 

At the time of writing, the USD/JPY pair is trading 0.05% lower on the day to trade at 147.05.

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

 : 2025.08.15

Update

Last updated

 : 2025.08.15

Related articles


Show more

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?

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

Australian Dollar remains steady following Chinese economic data

The Australian Dollar (AUD) remains subdued against the US Dollar (USD) on Friday, following disappointing key economic data from China, Australia's major trading partner. The AUD/USD lost more than 0.5% in the previous session as the US Dollar gained ground following stronger US economic data.
New
update2025.08.15 12:05

Japanese Yen rises on strong GDP as USD recovery momentum fades

The Japanese Yen (JPY) regains some positive traction during the Asian session on Friday and stalls the previous day's sharp retracement slide from a three-week high touched against its American counterpart.
New
update2025.08.15 11:30

Japan's Kato: Monetary policy falls under jurisdiction of BoJ

Japanese Finance Minister Katsunobu Kato said on Friday that the monetary policy falls under jurisdiction of the Bank of Japan (BoJ). Kato further stated that he expects the Japanese central bank to conduct appropriate monetary policy to sustainably and stably hit its price target. 
New
update2025.08.15 11:25

NZD/USD weakens to near 0.5900 after soft Chinese data

The NZD/USD pair attracts some sellers near 0.5915 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) pares gains against the US Dollar (USD) after the release of Chinese economic data.
New
update2025.08.15 11:19

China's July Retail Sales rise 3.7%, Industrial Production up 5.7%

China's Retail Sales rose 3.7% year-over-year (YoY) in July vs. 4.8% expected and 4.8% in June, the latest data released by the National Bureau of Statistics (NBS) showed Friday.
New
update2025.08.15 11:01

US Dollar Index drifts lower to near 98.00 ahead of US PPI data

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a softer note near 98.15 during the Asian trading hours on Friday. Expectations that the Federal Reserve (Fed) will cut rates in September weigh on the DXY.
New
update2025.08.15 10:30

Japan's Akazawa: Latest GDP data confirm economy is recovering modestly

Japanese Economy Minister and chief trade negotiator, Ryosei Akazawa, said on Friday that the latest data confirmed the Japanese economy is recovering modestly.
New
update2025.08.15 10:25

PBOC sets USD/CNY reference rate at 7.1371 vs. 7.1337 previous

On Friday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1371 as compared to the previous day's fix of 7.1337 and 7.1852 Reuters estimate.
New
update2025.08.15 10:15

WTI rises above $63.00 as Trump-Putin meeting looms

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.20 during the early Asian trading hours on Friday.
New
update2025.08.15 09:19

Japan's GDP rises 0.3% QoQ in Q2 2025 vs 0.1% expected

The Japanese economy grew 0.3% over the quarter in the second quarter (Q2) of 2025, the preliminary reading released by Japan's Cabinet Office showed on Friday. This reading came in above the market expectation of 0.1% and the previous reading of 0%.
New
update2025.08.15 08:52

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.

  • 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
Cancel