Trump, Japan and Tariffs
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The New York Times |
Over the past few years, inflation, largely driven by rising energy and food costs, has surged in Japan and strained its economy.
Associated Press |
Trump declared a national economic emergency to levy the tariffs. He has promised that factory jobs will return to the United States as a result of the taxes, but his policies risk a sudden economic ...
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Japanese banks stocks accounted for three of the five biggest decliners in the financial sector last week as financial markets worldwide were rocked from the larger-than-anticipated tariffs President Donald Trump imposed on Wednesday.
Japan could lose $17 billion in car export potential in the U.S. following President Donald Trump's decision to introduce 25% tariffs on the automotive sector, the International Trade Centre said on Friday.
Asia-Pacific markets are set to extend declines, tracking steep losses on Wall Street after U.S. President Donald Trump’s tariffs rattled global markets.
Prime Minister Shigeru Ishiba will meet Friday with opposition leaders to discuss responses to US tariffs following a report that the Japanese government is considering compiling an extra budget to fund relief measures for businesses and households.
New U.S. tariffs announced by President Donald Trump may delay, but likely won't derail, the Bank of Japan's plan to raise interest rates further as policymakers seek to avoid renewed yen falls that would worsen inflationary pressures.
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The week got off to a shaky start in Asian markets, where major indexes in Japan, South Korea and Taiwan all dropped at least 3%. Those regions are particularly dependent on exports to the U.S. and haven’t been hit with broad tariffs yet.
A measure of Japanese bank shares plunged more than 7%, the most since August, as worries about the impact of harsher-than-expected US tariffs on Japan’s economy fueled bets the central bank may pause rate hikes.
Japan’s Prime Minister Shigeru Ishiba says his government is making last ditch efforts to get U.S. President Donald Trump to exclude his country from an increase in auto tariffs due to take effect this week.
China is seeking to coordinate its response to U.S. tariffs with Japan and South Korea, Chinese state media said.
Bank of Japan Governor Kazuo Ueda said on Friday the central bank will scrutinise the impact of U.S. tariffs on the country's economy when setting monetary policy, warning the higher levies will likely weigh on global and domestic economic growth.
A survey by Japan’s central bank has found a decline in business sentiment among large manufacturers for the first time in a year, partly because of worries about U.S. President Donald Trump’s tariffs.