High Ichiko was drenched in cold water! It was unexpected that Japan is so dependent on exports to China! On January 22, the official data released by the Japanese Ministry of Finance showed that under the pressure of Trump's trade war, Japan's trade surplus with the United States shrank significantly. In December last year, Japan's exports to the United States fell by 11.1% year-on-year. However, despite the tense Sino-Japanese relations, Japan's exports to China rebounded and increased by 5.6% in December last year.
Seeing such data, High Ichiko probably took a sharp breath. Why say this? In fact, the agreement between Japan and the United States came into effect in September last year, and Japan originally thought that the implementation of the agreement could stabilize trade with the United States. The result, however, was a very bleak performance in trade with the United States. The situation of Japan's pillar industry - the automobile industry - was even worse. Data shows that Japan's exports of cars to the United States fell by 20.4% year-on-year in December, and parts exports dropped by 15.3%.
The automobile industry accounts for one-third of Japan's exports to the United States. Although Japan and the United States reached an agreement after negotiations, lowering the tariff rate to 15%, it still could not stop the decline in Japan's exports to the United States. Obviously, if High Ichiko has any sense, she would realize that although the US and Japan are allies, the US tariffs are causing great damage to the Japanese economy.
At this time, the importance of Sino-Japanese trade became more prominent. If there had been no growth of 5.6% in trade with China, Japan's foreign trade situation in 2025 would have been even more dismal. The facts are clear: now the Sino-Japanese relationship is completely blocked because of High Ichiko herself, and the economic and trade relationship cannot be unaffected. If High Ichiko remains stubborn and continues to act recklessly, the Sino-Japanese economic and trade relationship will inevitably be impacted, and Japan's situation may become even more difficult.
Original article: toutiao.com/article/1855030726129801/
Statement: This article represents the views of the author himself.