economy

The United States has sent a clear message to Japan: If you want to stop the yen from weakening and fix the trade imbalance between our countries, you must raise interest rates. The U.S. Treasury Department has directly urged the Bank of Japan to act more decisively.

Washington Wants a Stronger Yen and Fairer Trade
This directive was outlined in a fresh report to Congress on the state of global currency markets. In it, the Treasury called on Japan's central bank to respond to its current economic conditions — especially growth and inflation — by implementing further rate hikes.
According to Washington, a stronger yen would help narrow the U.S. trade deficit and create fairer conditions for American exporters. Japan’s weak currency has long been seen as an unfair advantage for its export-driven economy.

U.S. Also Targets Japan’s Giant Pension Funds
In addition to calling for rate hikes, the Treasury also criticized Japan’s massive public pension funds. It said they should not make foreign investments to influence the exchange rate. Instead, they should aim for diversified, risk-adjusted returns — not competitive currency manipulation.
Such direct comments on Japan’s monetary policy are rare from the U.S. But the weak yen has remained a long-term concern for Washington. Ultra-low interest rates in Japan are seen as a key reason for its persistently undervalued currency.

Japan Responds Cautiously as U.S. Monitors More Countries
Japan’s Finance Minister Katsunobu Kato offered a measured response, saying the government does not interfere with decisions made by the central bank. He declined to directly comment on the Treasury report and noted that pension funds manage their portfolios independently.
Interestingly, while the U.S. has not formally labeled any country a “currency manipulator” in 2024, Japan remains on its watchlist — alongside China, South Korea, Germany, Switzerland, and several other nations.

Trump Administration Tightens the Screws
This report marks the first full foreign exchange review under Donald Trump’s renewed presidency. The tone is clear: America will closely monitor any signs of currency-driven trade distortions. Treasury Secretary Scott Bessent emphasized that U.S. tolerance for imbalanced macroeconomic policies has ended.
During his first term, Trump was known for taking a tough stance on trade, especially against countries like China and Japan. While tariffs were his primary tool, currency manipulation is now also in focus. The latest report even added Ireland and Switzerland to the watchlist, expanding it to nine countries.

What Does This Mean?
Under a 2015 U.S. law, any country that meets two out of three criteria related to trade and currency automatically lands on the Treasury's monitoring list. While that designation doesn't carry immediate penalties, it increases the pressure — and the risk of retaliatory action.
📉 For now, Japan’s monetary policy — and the fate of the yen — will remain under a global spotlight.

#usa , #Japan , #Washington , #GlobalMarket , #economy

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Рынок труда продолжает расти, несмотря на тарифное давление и угрозу замедления
Экономика США прибавила 139 000 новых рабочих мест в мае, превзойдя прогноз аналитиков в 125 000, согласно данным Бюро трудовой статистики, опубликованным в пятницу.
Хотя итог за апрель был пересмотрен вниз — с 175 000 до 147 000, майская статистика подтверждает: бизнес всё ещё нанимает, несмотря на рост тарифов и слабый экономический фон.
Безработица стабильно на уровне 4,2%, зарплаты растут быстрее прогноза
Уровень безработицы остался на отметке 4,2%, как и в апреле. Зато заработная плата показала рост. Средний почасовой доход вырос на 0,4% за месяц и на 3,9% в годовом выражении, что превысило ожидания (0,3% и 3,7% соответственно).
Даже несмотря на осторожный настрой в бизнесе, американцы стали зарабатывать немного больше, чем прогнозировали экономисты.
Медицинский сектор растет, госаппарат сокращается
Главный драйвер занятости — здравоохранение, где было создано 62 000 рабочих мест. Это значительно выше 12-месячной средней в 44 000. Также выросли сектора туризма и досуга (+48 000) и социальной помощи (+16 000).
А вот федеральное правительство сократило 22 000 рабочих мест. Причина — кадровая реформа, продвигаемая администрацией Дональда Трампа, в том числе через Министерство эффективности, возглавляемое Илоном Маском. Это первое отражение их политики в официальной статистике занятости.
Валютные рынки: доллар немного укрепился, евро и фунт сдали позиции
На фоне публикации отчета доллар умеренно укрепился:
Индекс доллара вырос до 98,9, но за неделю все еще в минусе на 0,5%Йена снизилась на 0,35%, до 144,12Швейцарский франк просел до 0,82Фунт стерлингов потерял 0,18%, до $1,35, хотя с начала недели всё ещё в плюсе на 0,6%Евро после комментариев ЕЦБ, намекнувших на ужесточение, краткосрочно подрос, но затем упал до $1,1423, потеряв 0,18%.
Ожидания по ставкам снова меняются
Рынок по-прежнему закладывает как минимум однократное снижение ставки ФРС на 25 б.п. до конца года, но часть участников начала рассчитывать и на два понижения.
Главный экономист Deutsche Bank Марк Уолл отметил, что оценивать влияние торговых войн пока рано, и сам конфликт остается «в высшей степени непредсказуемым». По его прогнозу, ЕЦБ может снизить ставки в сумме на 50 базисных пунктов.
Ситуация в Германии ухудшается
По итогам апреля экспорт и промышленное производство в Германии сократились сильнее ожиданий. Это стало тревожным сигналом. Экономика крупнейшей страны ЕС теряет темп. Причины — глобальное замедление и нерешенные торговые конфликты. Активности покупателей для восстановления пока не видно.
Небольшой всплеск на валютных рынках произошел вечером в четверг. Дональд Трамп провел более чем часовой телефонный разговор с председателем КНР Си Цзиньпином. Инвесторы отреагировали быстро: доллар ослаб, а рисковые валюты пошли вверх.
#usa #economy

The United States has entered a new phase of fiscal alarm. As of May 25, the U.S. national debt has reached a record $36.5 trillion, and what’s more concerning is that it’s growing by $1 trillion every 100 days. This rapid increase has captured the attention of Wall Street, global investors, and financial watchdogs alike.

Wall Street on Edge as Bond Yields Climb
Out of the current total, $28.9 trillion is publicly held debt, with the remainder in intragovernmental accounts. After Moody’s downgraded the U.S. credit outlook, investor confidence began to fade, pushing borrowing costs higher and sparking renewed concerns over long-term sustainability.
Confidence has been further shaken by President Donald Trump’s new tax and spending plan, which, according to the Committee for a Responsible Federal Budget, could add another $3.3 trillion in debt by 2034. JPMorgan CEO Jamie Dimon has warned of a potential “fracture” in the bond market due to irresponsible spending and poor fiscal governance.

🌍 G7 Nations Under Pressure: Japan Cuts Bond Holdings, UK Surpasses 100% Debt-to-GDP
The debt crisis isn’t confined to the U.S. — G7 economies are also showing signs of strain:

🔹 Japan’s public debt exceeds 200% of its GDP. In May, a 20-year bond auction collapsed, and for the first time in 16 years, the Bank of Japan reduced its government bond holdings.
🔹 The UK has now crossed the 100% debt-to-GDP threshold, and 30-year bond yields have surged above 5%. Finance Minister Rachel Reeves is preparing a new multi-year spending plan, raising fears of expanding public expenditures despite promises to avoid tax hikes.
🔹 France has seen modest market relief, with its bond spread over Germany narrowing. But a new four-year debt reduction plan expected in July is already facing resistance in Parliament.
🔹 Italy, long the fiscal outlier of the G7, has surprised markets with improving figures. Its budget deficit fell from 7.2% to 3.4% of GDP, and projections suggest it could decline to 2.9% by 2026. The yield gap between Italian and German 10-year bonds is now at its lowest level since 2021.

What’s Next?
As global debt loads soar, debt sustainability and borrowing costs are becoming key factors shaping financial markets. If governments fail to balance spending and investor confidence, further instability may lie ahead.

Summary:
🔹 U.S. debt hits a record $36.5 trillion

🔹 G7 countries face rising fiscal pressure and investor anxiety

🔹 Japan, the UK, and France struggle with debt sustainability

🔹 Italy shows surprising improvement through fiscal discipline

#globaleconomy , #TRUMP , #usa , #economy , #worldnews

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“