The Japanese yen weakened against other major currencies in the Asian session on Tuesday, investors are nonetheless concerned about Japan's fiscal health, despite hopes that Japanese Prime Minister Sanae Takaichi will propose additional stimulus to help the economy.
In addition, Japan's poor Q4 GDP growth numbers appear to have dampened anticipations of an early rate increase by the Bank of Japan (BoJ), which appears to further depress the value of the yen.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.