BOJ Gov Kuroda Concerned About Trade War’s Impact on Japanese Economy - Forex News by FX Leaders

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

Posted Tuesday, May 21, 2019 by
Arslan Butt • 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

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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