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Tariffs present a major challenge, uncertainty unseen for a long time in Japan Difficult to assess the impact of tariffs on the economy and prices …

Prior CHF 4.80 billion; revised to CHF 4.74 billion The Swiss trade surplus expanded in March as exports were seen up 22.2% on the month …

Prior -0.2% The decline owes in large part to a fall in energy prices (-2.8%). If you strip that out, German producer prices were actually …

Markets are nervous and uncertainty is heightening Still two weeks until next policy meeting, need to gauge factors including tariff discussions No comment on forex …

But that’s the market over the past two weeks with respect to flows regarding Trump’s tariffs. There’s just a struggle of confidence in the dollar …