BoJ Governor Voices Concerns Over US Tariffs

Bank of Japan (BoJ) Governor Kazuo Ueda expressed concerns on Wednesday regarding the potential impact of United States tariffs on business confidence and households. Speaking at a press conference, Ueda highlighted the rapid expansion of Washington's tariff policy and targets over the past month.

Uncertain Short-term Economic Impact

Ueda admitted uncertainty about the short-term economic effects of these tariffs. He emphasized the BoJ's commitment to closely monitoring how US trade policies are influencing not just Japan, but the global economy as a whole.

Proactive Policy Measures

Stressing the importance of timely action, Ueda shared his intention to implement policies "before it's too late," underscoring the need for vigilance and readiness to adjust strategies in response to evolving trade dynamics.