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One in three local manufacturers concerned about growing protectionism abroad

  • November 27, 2018
  • , Yomiuri, Nikkei
  • JMH Summary

Yomiuri published the results of a Japan Bank for International Cooperation survey of some 600 Japanese industrial producers on the protectionist trade policies pursued by the U.S., China, and other nations. Almost 34% of local manufacturers, many of them auto-related companies, reportedly projected future losses as a result of rising costs associated with higher tariffs imposed by the U.S. and China and the growing reluctance of Japanese enterprises to make new capital investment in the two trading giants. Nikkei ran a similar item.

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