Most Japanese firms unfazed by U.S. tariffs, support sales tax relief — Reuters survey | Forexlive

A new Reuters corporate survey shows that 71% of Japanese companies say the impact of U.S. tariffs is within expectations, with 84% keeping their investment plans unchanged despite a looming 24% tariff threat on some goods and an existing 25% tariff on autos.

• Many firms are taking a long-term view, noting the Trump administration’s limited term.

• Most companies said their business strategies remain steady in the face of trade friction.

On domestic policy, the survey revealed six in ten firms back a sales tax cut, amid rising inflation and ahead of Japan’s July upper house election. However, nearly two-thirds oppose funding it through government bond issuance, citing concerns over Japan’s ageing population and rising social security costs.

Later this year,
ForexLive.com
is evolving into
investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.