Tariff-hit firms may need business turnaround financing, Japan’s bank lobby chair says
Alex Graur
TOKYO : Japanese banks may need to offer business turnaround support to companies hit by tariffs imposed by the administration of U.S. President Donald Trump, the head of the country's banking lobby said. Many large Japanese firms, including major exporters and manufacturers, are grappling with U.S. duties on imports of steel and aluminium and a 25 per cent tariff on imported cars and light trucks starting this week. "We think tariffs could lead to a deterioration in corporate earnings," the
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