How Will the Huawei Ban Impact the Japanese Economy? - Forex News by FX Leaders

How Will the Huawei Ban Impact the Japanese Economy?

Posted Friday, May 17, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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