BOJ Gov Kuroda Concerned About Trade War’s Impact on Japanese Economy

The US-China trade war can spillover and have adverse effect on the Japanese economy.

Written by: Arslan Butt • Tuesday, May 21, 2019 • 1 min read

Bank of Japan Governor Kuroda has warned that the US-China trade war can spillover and have adverse effects on the Japanese economy. Policymakers in Japan are concerned about the prolonged and escalating trade tensions between two of the world’s largest economies.

Kuroda stated to the Parliament that continuing trade tensions between US and China could disrupt market sentiment and market developments in Japan as well. Given that Japan is an export-oriented economy, tariff hikes between the world leaders could affect Japan’s exports and economic growth too.

For now, Japan is confident about going ahead with the proposed sales tax hike from 8% to 10% in October. Chief Cabinet Secretary Yoshihide Suga has also confirmed that the government will plan ahead to mitigate any risks caused due to the sales tax hike.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

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.