SNB Expects Moderate Growth as Trump Voices Yen Concerns

The President of the Swiss National Bank (SNB), Thomas Jordan, expects moderate growth in Switzerland for the coming quarters.

In related news, Japan's Finance Minister Masayoshi Katayama stated that US President Donald Trump expressed concerns over the yen's weakness during a summit. Katayama emphasized that Japan will closely coordinate with the US on foreign exchange matters and expects the Bank of Japan to implement suitable monetary policy while cooperating with the government.

Katayama also clarified that discussing specific forex levels or rate interventions is not on the table. This comes after Prime Minister Fumio Takaichi voiced worries about yen weakness in general.