Bank of Japan Governor: US tariff policy will hit Japan's economy

Kazuo Ueda, governor of the Bank of Japan, said on the 17th that the US tariff policy will impact the Japanese economy and may have a negative impact on the international financial capital market. Kazuo Ueda said that in addition to directly affecting trade activities, the US tariff policy has also led to increased uncertainty and impacted the confidence of businesses and households. He believes that the US tariff policy will put downward pressure on the Japanese economy. He said that it is now necessary to judge the impact of tariffs on the economic and price prospects without preconceptions, and to prudently decide on appropriate financial policies based on this.