4 April | Other

BOJ Governor warns Trump's tariffs will hurt the country's economy

BOJ Governor warns Trump's tariffs will hurt the country's economy

Bank of Japan (BOJ) Governor Kazuo Ueda told lawmakers that the 24% US tariffs on the Asian country's goods are likely to exert downward pressure on Japan's GDP by weakening trade activity and affecting business sentiment. Uncertainty about the economic outlook has increased, Ueda noted.

According to Reuters analysts, the impact of the potential trade restrictions on Japan's inflation is still uncertain. On the one hand, US duties could lower import prices, thereby slowing consumer price growth. On the other hand, they could raise prices by disrupting global supply chains. The financial regulator will closely monitor the effects and take them into account when making monetary policy decisions, Ueda pledged.

BOJ Deputy Governor Shinichi Uchida added that the central bank will continue to hike interest rates if core inflation remains on track toward the 2% target. The BOJ will hold its next monetary policy meeting on April 30–May 1, when updated forecasts for economic growth and inflation will be published.

Elena Dorokhina MarketCheese
Period: 31.12.2025 Expectation: 900 pips
AUDUSD picks up steam to 0.6600
Today at 11:25 AM 44
Period: 10.09.2025 Expectation: 1040 pips
USDCAD builds bullish momentum as it exits oversold territory
Today at 10:44 AM 44
Period: 09.09.2025 Expectation: 1000 pips
Ascending trendline and EMA50 could help EURUSD retest 1.173
Today at 10:15 AM 37
Period: 10.09.2025 Expectation: 1140 pips
Correction followed NVIDIA’s Q2 report provides investors with favorable opportunities
Today at 09:40 AM 26
Period: 31.12.2025 Expectation: 8600 pips
USDJPY to slide down to 140.00 in medium term
Today at 08:11 AM 34
Period: 09.09.2025 Expectation: 4600 pips
Resumed BTCUSD growth and bullish Stochastic signal suggest buying with $115,000 target
Yesterday at 10:53 AM 67
Go to forecasts