Japanese Yen exchange rate today April 17, 2025: Continued slight increase

Sacombank is currently the unit listing the highest buying price, at 178 VND/JPY, while maintaining the transfer price at 178 VND/JPY. BIDV and Eximbank both maintain the buying and transfer prices at 177–178 VND/JPY.

Meanwhile, HSBC and SHB also increased slightly, raising the buying price to 176 VND/JPY and the transfer price to 177 VND/JPY, respectively.

On the selling side, BIDV is leading with the highest level of 186 VND/JPY, unchanged from the previous session.

Sacombank and SHB followed with the same selling price of 185 VND/JPY. HSBC and Eximbank both listed the selling price at 184 VND/JPY.

In contrast, banks such as VietinBank, DongABank and Agribank are listing significantly lower exchange rates, with buying rates ranging from only 154–162 VND and selling rates from 163–170 VND/JPY.

On the transfer side, most banks keep the price close to the cash purchase price, ranging from 161 to 178 VND. Banks such as ACB, VIB, TPBank or Techcombank are maintaining a stable transfer rate around 166–177 VND.

At 6 o'clock in the morning 17/4/2025, the summary table of Yen/VND exchange rates at some banks is as follows:

The Bank of Japan (BOJ) is expected to cut its economic growth forecast at its April 30-May 1 policy meeting, as US President Donald Trump’s tariff policies add to risks to Japan’s fragile export-reliant recovery, three sources familiar with the BOJ’s plans said.

Financial markets remain volatile due to Trump’s shifting statements on tax policy, and the Bank of Japan is widely expected to keep its current interest rate at 0.5% instead of raising it.

In its quarterly economic outlook report due on May 1, the BOJ is likely to sharply lower its growth forecast for the current fiscal year, which begins in April. The Japanese economy is expected to grow 1.1% in fiscal 2025, according to a forecast released in January.

There is no consensus within the BOJ on how much damage the US tariffs could cause, and that will depend in part on whether Japan can secure an exception in bilateral talks with the US, which are expected to begin this week.

The most important thing is whether the BOJ can stick to its baseline economic scenario, in which Japan continues to recover moderately and inflation remains on track to hit its 2% target.

“It is clear that the US tariffs will hurt the Japanese economy,” one of the sources said. “What is unclear is whether the impact will be large enough to derail the steady upward trend in inflation.” The other two sources echoed similar sentiments.

The prevailing view within the BOJ so far is that Mr Trump’s tariffs may delay the 2% inflation target, but will not completely disrupt progress towards it – a key factor in the BOJ’s consideration of future rate hikes.

In a newspaper interview published on Wednesday, BOJ Governor Kazuo Ueda reiterated that the bank will continue to raise interest rates at an “appropriate” pace. However, he also noted that a policy response may be needed if Mr. Trump’s measures have a serious impact on the Japanese economy, hinting at the possibility that the BOJ will pause its rate-hike cycle.

Analysts say the BOJ could give further hints about its views on the impact of US tariffs when BOJ Board member Junko Nakagawa speaks and holds a press conference next Thursday.

Quoc Duong