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BOJ warns of possible hit to global trade from planned new US tariffs

  • The Bank of Japan warned that U.S. President Donald Trump's planned tariffs could negatively impact global trade, as stated by BOJ Governor Kazuo Ueda in a parliamentary meeting.
  • The BOJ's Tankan survey revealed a decline in corporate business confidence for large manufacturing companies, with the diffusion index falling to 12, indicating worsening conditions.
  • Confidence among large nonmanufacturing companies rose to 35, marking its highest level in over 33 years.
  • Prime Minister Shigeru Ishiba announced plans to assist small and midsize companies dealing with cash flow issues amid the upcoming tariffs on automobiles.
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breakinglatest.news broke the news in on Wednesday, April 2, 2025.
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