日本首相和内阁大臣的评论试图淡化市场损害。日本高级官员表示，对美国关税的潜在影响越来越担忧，内阁官房长官Yoshimasa Hayashi表示，东京正在“以紧迫感”监控金融市场，并将仔细评估华盛顿关于非关税壁垒的说法。

Japan's PM and Cabinet Secretary comments seek to dilute market damage.Japan's top officials signaled growing concern over the potential fallout from U.S. tariffs, with Chief Cabinet Secretary Yoshimasa Hayashi saying Tokyo is monitoring financial markets "with a sense of urgency" and will carefully assess Washington's claims regarding non-tariff barriers.

尽管奖金名义上提高了工资，但日本的实际工资再次下降。然而，这一强劲的印刷品在很大程度上是由特别支付的激增推动的，特别支付同比飙升77.4%。固定工资被认为是工资趋势的一个更稳定的指标，实际上从上个月的2.1%同比放缓至1.6%，表明基本工资增长势头温和。

Japan's real wages fall again despite nominal pay boost from bonuses.However, this strong print was largely driven by a surge in special payments, which skyrocketed 77.4% yoy. Regular pay, considered a more stable indicator of wage trends, actually slowed to 1.6% yoy from the prior month's 2.1% yoy, signaling only moderate momentum in base salary growth.

日本首相石破茂宣布计划尽早访问美国，向唐纳德·特朗普总统提交一份全面的贸易提案。石破茂周一在议会发表讲话时表示，他打算敦促特朗普重新考虑对日本进口商品征收24%关税的提议。美国政府对汽车进口征收25%的关税，同时对其他日本商品征收24%的互惠关税，预计将对日本的出口导向型经济产生重大影响，分析师警告称，这可能会使GDP增长减少0.8%。Ishiba强调，日本不会简单地要求豁免，而是会提出一个详细的方案来解决美国的贸易问题。

Japanese Prime Minister Shigeru Ishiba has announced plans to visit the United States at the earliest opportunity to present a comprehensive trade proposal to President Donald Trump. Speaking in parliament on Monday, Ishiba said he intends to urge Trump to reconsider the proposed 24% tariff on Japanese imports. The U.S. administration’s move to impose a 25% levy on auto imports—alongside a reciprocal 24% tariff on other Japanese goods—is expected to significantly impact Japan’s export-driven economy, with analysts warning it could shave up to 0.8% off GDP growth. Ishiba stressed that Japan will not simply request an exemption but will instead put forward a detailed package addressing U.S. trade concerns.

2025年2月，日本名义工资同比上涨3.1%，高于1月份下调后的1.8%的涨幅，符合市场预期。更强劲的工资增长为国内经济提供了一个积极的信号，国内经济面临着来自全球贸易紧张局势的日益增长的压力。然而，经通胀调整后的实际工资——消费者购买力的指标——下降了1.2%，标志着连续第二个月下降。尽管名义工资的稳健增长支持了日本央行最近向政策正常化迈进，但全球不确定性的增加给进一步加息的前景蒙上了阴影。

Nominal wages in Japan rose 3.1% year-on-year in February 2025, picking up from a downwardly revised 1.8% increase in January and matching market expectations. The stronger wage growth offered a positive signal for the domestic economy, which faces growing pressure from global trade tensions. However, inflation-adjusted real wages—an indicator of consumer purchasing power—fell 1.2%, marking the second consecutive monthly decline. While solid nominal wage gains have supported the Bank of Japan’s recent move toward policy normalization, rising global uncertainties are clouding the outlook for additional interest rate hikes.