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How Will the Huawei Ban Impact the Japanese Economy?

According to Japanese Finance Minister Taro Aso, US’s recent decision to ban Huawei could also have an adverse impact on Japanese companies and economic growth. The US signed off on an order yesterday preventing US businesses from using Huawei’s telecom equipment and technology.

Aso made these remarks while addressing a press conference on Thursday, adding that since Huawei procures certain parts from Japanese companies, the ban could have affect these Japanese suppliers as well.

The supply chain disruption could potentially impact Japanese economic growth directly as well as indirectly.

USD/JPY is back to trading at around 109.74 at the time of writing after having risen till 110 during yesterday’s US session.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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