Bank of Japan’s Ueda says US tariffs could have big impact on global trade

Bank of Japan Governor Kazuo Ueda stated that US tariffs could significantly impact global trade, although the overall effects remain unclear. He emphasized the importance of household and business sentiment on spending. Ueda's comments come after President Trump's announcement of a 25% auto tariff. Japan is preparing for potential impacts, with Prime Minister Ishiba introducing support measures for businesses. Despite uncertainties, Japan's economy aligns with the BOJ's outlook, and business confidence remains robust, although the likelihood of a rate hike has decreased recently.