US tariffs will likely affect Japan’s economy through various channels but it will probably first come via export firmsIf US tariffs hurt exporters’ profits, that could have broader impact on households, firms such as by souring consumer sentimentJapan’s real wages are negative, aware that is having big impact on consumption, economyImpact of US tariffs on Japan’s economy could have ‘somewhat negative effect’ on firms’ winter bonus payments and next year’s wage negotiationsWage growth may slow somewhat due to tariff impact, but likely to re-accelerate thereafterConsumption likely to maintain moderate uptrend as real wages gradually improve
The implications of what Ueda has been saying today are not encouraging for an imminent BoJ rate hike.
Earlier:
Bank of Japan Governor Ueda says Japan economy moderately recoveringBank of Japan Governor Ueda comment has slammed the yen lowerMore from Ueda: Various opinions on desirable pace of BOJ’s bond taper This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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