Japan’s Top FX Diplomat Mimura: US economy’s outlook up to Trump’s macroeconomic policies

Dhwani Mehta FXStreet

Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign exchange official, said on Tuesday, “US economy outlook’s up to Trump’s macroeconomic policies.”

Further comments

Need to closely watch if China’s recent export strength will continue.

Inclined not to comment on individual cases, when asked about Nippon Steel-US.

Japan's economy beyond April appears "not that bad," supported by business investments.

Japan's real consumption appears weak.

Must closely watch the next US administration's moves, when asked about forex.

No comment on BoJ's monetary policies.

US President Trump's proposed tax, tariff, and immigration policies are basically inflationary.

Trump administration might revise those policies at some point if inflation accelerates.

Don't think there's any need to change G7 commitment on currencies.

Closely monitoring FX moves on a daily basis.

Volatile FX moves are not desirable.

Market reaction

USD/JPY is flirting with 155.00, falling hard on these comments. The pair is losing 0.35% on the day, as of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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