Japanese government official expresses mixed feelings on Trump tariffs
Japan govt official on factory output:
- Environment surrounding production remains highly uncertain
- March motor vehicle production down 5.9%m/m due to lower exports, part supply disruption
- Some manufacturers expressed concern about U.S. tariffs
- Not heard directly U.S. tariff measures have forced manufacturers to change production plan
The data is here, its pretty poor:
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The Bank of Japan are meeting today and Thursday. The Bank is not expected to change its policy settings.
