Japan Eco Minister Akazawa on GDP: Latest data confirm the economy is recovering modestly.

Japan Eco Minister Akazawa on GDP: Latest data confirm the economy is recovering modestly.

• USD/JPY has dribbled lower still

Japan Economy Minister Akazawa on GDP: Latest data confirm the economy is recovering modestly.

• Must remain mindful of risks from US trade policies that could weigh on growth.

• Rising prices could dampen consumer sentiment and hurt private consumption.

Akazawa not going much away with these vanilla type comments. Tariffs do pose a rsik to Japan's economy, but so far so good it seems.

USD/JPY is down around 147.40 after early highs above 147.80 before the GDP data.

• Japan preliminary Q2 GDP +0.3% q/q (expected +0.1%)