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.
The current sales tax stands at 10% (8% for food and newspapers).
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