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China Customs: Exports are facing a complex, severe external situation, but 'the sky will not fall'

The General Administration of Customs of the People's Republic of China (China Customs) said on Monday, “at present, China's exports are facing a complex and severe external situation, but "the sky will not fall". “

Additional quotes

  • In the first quarter of this year, economic operation started smoothly, foreign trade pushed forward under pressure, and achieved scale growth and quality improvement.
  • Will strictly implement all measures to control the United States in accordance with the law and safeguard national sovereignty and security.
  • China is actively building a diversified market, deepening cooperation with all parties in the supply chain.
  • Importantly, China's domestic demand market is broad.

Japanese Yen stands firm near multi-month peak against a broadly weaker USD

The Japanese Yen (JPY) attracts fresh buyers at the start of a new week and remains within striking distance of its highest level since late September 2024 touched against a broadly weaker US Dollar (USD) last Friday.
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Ueda speech: BoJ will take appropriate policy decision to stably achieve 2% inflation target

Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday that “the BoJ will take appropriate monetary policy decision to stably achieve 2% inflation target, while scrutinizing economic, price and financial developments without any preconception.”
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