Japan exports rebound on China chipmaking demand but Trump tariff risks loom
TOKYO -Japan's exports expanded faster than expected in October led by a pick-up in chip equipment demand in China, though fears persist over potential U.S. protectionist trade policies that could hamper future shipments.
Kazuma Kishikawa, economist at Daiwa Institute of Research, warned that global demand remains weak."In particular, U.S.-bound shipments are likely to take months to recover as it would take time for interest rate cuts to start to lift the economy," he said. "Trump's policy pledges, if implemented, could affect Japan through various channels and increase uncertainties, which in turn make Japanese businesses cautious about fresh investments," a government official said on condition of anonymity.
Japan is seeing growing signs of a recovery in domestic demand. Last week's GDP data for the July-September quarter showed a stronger-than-expected pick-up in private consumption backed by rising wages.
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