News

Japan economy minister Akazawa

• Told U.S. negotiation counterparts Japan wants best solution as soon as possible for both nations

• Strongly requested revocation of tariffs on Japan

• Agreed to hold second meeting this month
• Says there was no discussion of forex

This article was written by Eamonn Sheridan at www.forexlive.com.

Trade balance data from Japan for March 2025

544.1bn JPY

• expected +485.3bn yen, prior +590.5bn

Exports +3.9%

• expected +4.5%, prior +11.4%

Exports to:

• US +3.1% y/y
• EY -1.1% y/y
• China -4.8% y/y
• Asia +5.5% y/y

Imports +2.0%

• expected +3.1%, prior -0.7%

This article was written by Eamonn Sheridan at www.forexlive.com.

Federal Reserve Bank of Kansas City President Jeffrey Schmid.

• There’s a lot of nervousness in the agricultural sector from tariffs
• I’m an optimist, need to be patient to see how it plays out
• We will react to disruptions that might affect mandates
• Politicians and the public seem to be pleased with Fed independence and its structure

more to come

This article was written by Eamonn Sheridan at www.forexlive.com.