The Bank of Japan’s Fukuoka branch head, Kenji Sakuta, expressed concern about the possible economic effects of President-elect Trump’s proposed 10-20% tariffs on imports, including from Japan. Local manufacturers are particularly wary of the policies’ impact on trade and financial markets. While specifics remain unclear until implementation begins in 2024, BOJ maintains its outlook of a gradual economic recovery in Kyushu and Okinawa, despite signs of weakness in certain areas. Source: NHK
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