日本央行中村敦促在经济面临越来越大的下行压力时谨慎加息。以鸽派立场闻名的日本央行董事会成员中村丰明警告称，日本经济正面临“越来越大的下行压力”，并警告不要“急于”加息。

BoJ's Nakamura urges caution on rate hikes as economy faces mounting downward pressure.BoJ board member Toyoaki Nakamura, known for his dovish stance, warned that Japan's economy is under “mounting downward pressure” and cautioned against “rushing” to interest rate hikes.

日经225指数基本持平，收于37754点，而周五更广泛的东证指数微涨0.05%，至2741点，日本股市因疲软的经济数据打压市场情绪而难以获得动力。投资者普遍持谨慎态度，此前日本经济在第一季度环比收缩0.2%，这是一年来首次下降，低于0.1%的预期。这些数据加剧了日本央行本周早些时候提出的担忧，该行警告称，由于美国贸易政策压力，经济可能放缓。日本股市也反映了美国科技股的下跌，这些股受到隔夜获利回吐的打击。国内科技股普遍走弱，Disco和Advantest下跌1.9%，东京电子下跌2.8%。然而，部分非科技股提供了一些支撑。三菱UFJ上涨0.9%，三菱重工上涨3.1%，三丽鸥上涨7.4%。

The Nikkei 225 Index ended virtually flat at 37,754 while the broader Topix Index inched up 0.05% to 2,741 on Friday, with Japanese shares struggling for traction as weak economic data weighed on sentiment. Investor caution prevailed after Japan’s economy contracted 0.2% quarter-on-quarter in Q1, marking the first decline in a year and falling short of expectations for a 0.1% drop. The data reinforced concerns raised by the Bank of Japan earlier this week, which warned of potential economic moderation due to US trade policy pressures. Japanese markets also mirrored losses in US technology stocks, which were hit by profit-taking overnight. Domestic tech names were broadly weaker, with Disco and Advantest down 1.9%, and Tokyo Electron falling 2.8%. However, select non-tech stocks provided some support. Mitsubishi UFJ rose 0.9%, Mitsubishi Heavy gained 3.1%, and Sanrio surged 7.4%.

日本央行（BoJ）董事会成员中村丰明（Toyoaki Nakamura）敦促对加息持谨慎态度，理由是美国提高关税带来的经济风险越来越大。中村被称为董事会中最温和的政策制定者，他在一次演讲中表示，央行应“谨慎”指导货币政策，并警告说，高额关税，特别是汽车关税，可能会损害企业利润和整体经济活动。他说：“日本经济正面临越来越大的下行压力。”他补充说，在经济放缓期间仓促加息可能会抑制消费和投资。中村发表上述言论之际，日本经济在3月季度出现了一年来的首次萎缩，萎缩速度比预期快。尽管资本支出保持稳定，但美国贸易政策的不确定性正促使企业推迟或缩减投资。中村警告称，关税可能引发“需求和价格下降的恶性循环”，要求日本央行在未来的决策中谨慎行事。

Bank of Japan (BoJ) board member Toyoaki Nakamura urged caution on raising interest rates, citing growing economic risks from heightened U.S. tariffs. Known as the most dovish policymaker on the board, Nakamura said in a speech that the central bank should guide monetary policy "cautiously," warning that steep tariffs—particularly on autos—could hurt corporate profits and overall economic activity. "Japan’s economy is facing mounting downward pressure," he said, adding that hasty rate hikes during a slowdown could dampen consumption and investment. Nakamura’s comments come as Japan’s economy contracted in the March quarter for the first time in a year, shrinking faster than expected. While capital spending remains steady, uncertainty around U.S. trade policy is prompting firms to delay or scale back investment. Nakamura warned the tariffs could spark a "vicious cycle of lower demand and prices," requiring the BoJ to act prudently in its future decisions.

日元因避险情绪而上涨，疲软数据被忽视。尽管国内经济出现新的疲软迹象，但温和的避险情绪正在帮助日元延长其近期反弹。甚至在美国关税影响之前，日本经济就已经显示出紧张的迹象，第一季度国内生产总值的收缩幅度比预期的要大。

Weak Data Overlooked as Yen Rises on Risk-Off Mood.Mild risk-off mood is helping Yen to extend its near-term rebound, despite fresh signs of economic weakness at home. Japan's economy was already showing signs of strain even before the impact of US tariffs, with Q1 GDP contracting more sharply than expected.