日本PMI综合指数收于48.9，再次出现收缩。日本服务业在3月份失去了动力，最终PMI服务业指数从2月份的53.7大幅降至50.0的中性点。综合采购经理人指数降至48.9，为2022年11月以来的最低水平，表明私营部门整体活动收缩。

Japan's PMI composite finalized at 48.9, back in contraction.Japan's services sector lost momentum in March, with the final PMI Services reading falling to the neutral mark of 50.0, down sharply from 53.7 in February. Composite PMI dropped to 48.9—its lowest since November 2022—signaling contraction in overall private sector activity.

美元/日元跌至147.50的三周低点。然而，美元/日元从150.25上方（早期高点）跌至148.00下方，并且这种情况还在继续。随着对日元的抛售，美元/日元跌至147.60的低点。

USD/JPY to a three week low towards 147.50.USD/JPY, though, lost ground from above 150.25 (early highs) to below 148.00 and that has continued. USD/JPY has hit lows 147.60 as the flight into yen carried through.

周四，日本10年期政府债券收益率下跌近10个基点，至1.39%左右，因为在美国总统唐纳德·特朗普公布全面互惠关税后，投资者争相购买更安全的资产，这加剧了可能阻碍经济增长的全球贸易战。特朗普对中国加征了34%的关税，使该国的总关税达到54%。面临高额关税的其他主要经济体包括欧盟（20%）、日本（24%）和印度（26%），以及对所有进口商品征收10%的基准关税。本周早些时候，日本央行行长上田和夫警告称，美国的新关税可能会对全球贸易和经济稳定产生重大影响。尽管预计日本央行将在今年晚些时候进一步加息，但对贸易紧张局势和国内经济不确定性的持续担忧继续影响前景。

Japan’s 10-year government bond yield dropped nearly 10 basis points to around 1.39% on Thursday as investors rushed for safer assets after US President Donald Trump unveiled sweeping reciprocal tariffs, escalating the global trade war that could thwart economic growth. Trump imposed an additional 34% tariff on China, bringing total levies on the country to 54%. Other major economies facing steep tariffs include the EU (20%), Japan (24%), and India (26%), along with a 10% baseline tariff on all imports. Earlier this week, Bank of Japan Governor Kazuo Ueda cautioned that the new US tariffs could significantly impact global trade and economic stability. While the BOJ is expected to raise interest rates further later this year, ongoing concerns over trade tensions and domestic economic uncertainty continue to weigh on the outlook.

日本贸易大臣武藤与美国商务部长卢特尼克进行了交谈。日本贸易大臣武藤：与美国商务部长举行在线会议。告诉美国国务卿，美国新的关税也会对美国经济产生负面影响。

Japan Trade Minister Muto has spoken with US Commerce Secretary Lutnick.Japan Trade Minister Muto: Held online meeting with US Commerce Secretary. Told US Secretary new US tariffs would bring negative impact on US economy as well.