Japan economy minister Yamagiwa: Economy to pick up but uncertainty due to Ukraine

Japan economy minister Yamagiwa comments after the economic growth data for Q1 earlier:

• Japan GDP preliminary for Q1 2022: -0.2% q/q (vs. expected -0.4%)

• economy expected to pick up but uncertainty remains due to Ukraine situation
• need to pay attention to rising raw material prices, swings in financial markets and supply-side restrictions
• will ensure recovery in socio-economic activity from coronavirus slump while responding to downside risks to economy
• imports rose on easing of supply-side restrictions and imports of vaccines and drugs
• will put economy back on autonomous growth path by achieving virtuous cycle of growth and distribution

• China's zero-covid policy is having a significant impact on supply chains.

jpy JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term