Reuters: Bank of Japan Warns: US Tariffs May Impact Global Demand, Japanese Companies Express Concerns
Reuters reported on July 10 that the Bank of Japan (BOJ) stated on Thursday that the current impact of US tariffs on Japanese exports and production is limited, but many companies are concerned about potential weakness in global demand in the future. In its quarterly regional economic report, the BOJ noted that some companies have postponed or re-evaluated their capital expenditure plans, while others continue to increase spending to improve operational efficiency and address labor shortages. The report said, "Currently, the impact of US tariff increases on exports and factory production in various regions of Japan is generally limited." However, looking ahead, "many companies in various regions are worried that rising prices in the US and a slowing global economy may lead to a decline in demand." The BOJ maintained its assessment of the economies of all nine regions in another report, stating that their economies are undergoing a moderate recovery. These reports will serve as important references for the BOJ's policy meeting on July 30-31, during which the bank will release its latest quarterly growth and inflation forecasts.
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