Japan’s emergency financial package to reduce customs duties
Japan’s Prime Minister Shghero Ishiba said on Friday that the government has prepared an emergency financial package to reduce any impact on industries and families as a result of the new customs duties imposed by the United States on imports.
The government document has revealed that the package has supported corporate financing, supporting the reduction in gasoline prices by 10 yans ($ 0.07) per liter and the partial coverage of electricity bills from July to three months.
To help the most affected small and medium -sized companies, large companies are eligible to obtain low interest loans from government -backed banks.
“I have instructed the members of the Board of Ministers to help companies and families who are concerned about the impact of customs duties,” said Ishiba at the Ishiba Customs Functions meeting that Ishiba said at a meeting of the customs duties that had a significant impact on industries like Cars and Steel.
The government is considering taking additional measures to increase local consumption based on the impact of US customs duties on the massive Japanese auto industry. Finance Minister Riosi Akazawa said that the package could be funded from the backup fund on Friday; What eliminates the need to mobilize an additional budget.
On April 2, US President Donald Trump imposed customs duties on car and truck imports. It declared 24 percent of customs duties on all Japanese goods and then reduced them to 10 percent for 90 days.
Japan’s chief trade negotiator Akazawa will visit Washington next week, with a second round of trade talks. On Thursday, Nikki Economic Newspaper Nikki reported that Japan was considering raising soybeans from the United States as part of the negotiations.
In the markets, the Japanese Nikki Index ended trading on Friday, with the White House’s hunger for shares of technology companies after the White House reduced its trade status after negotiations between the White House China and Tokyo and Washington.
Nikki rose for the third consecutive session and ended Friday, with a 1.9 percent increase of 37705.74 points. The index has compensated its losses since US President Donald Trump announced customs duties. The index rose 0.89 per cent per week, the wide -ranging index rose 1.37 per cent to 2628.03 points and 1.3 per cent per week.
“As Trump has reduced his pronunciation on his plans for customs duties, investors have started looking at the company’s business’s results and other aspects of the chips sector,” said Sakai of “T&D Asset Management”. He said the investor was worried about the additional increase in the Yen after negotiations between Tokyo and Washington.
After reaching the highest level in seven months, the Yen dollar fell 0.65 percent of the latest trading, 139,885 records this week.
The Nedick Electric car industry, which has achieved the largest growth in the “Nikki” percentage, has increased by 12.48 per cent after the company announced the company’s announcement of more quarterly gains than NED and standard annual management gains. Fujitsu also increased by 4.8 percent after a computers manufacturer said that net profit for the year 2026 would increase by 77 percent over the previous year. “Tokyo Electron” shares rose 4.24 percent, and “advanced” shares increased by 4.64 percent, which provided the biggest support for the Nikki index.
