Yen Falls After Japan Slashes Growth Forecast on Tariff Uncertainty
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The yen weakened after the Bank of Japan halved its economic-growth forecast, citing uncertainty around President Trump’s tariff war. “It is extremely uncertain how trade and other policies in each jurisdiction will evolve and how overseas economic activity and prices will react to them,” the BOJ said Thursday. Before President Trump put the bulk of his so-called “reciprocal tariffs” on pause for 90 days last month, Japan faced a 24% duty on its exports to America.
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