Individual companies are playing their cards close to their chests, however, wary that their apprehensions could draw unwanted attention from the incoming administration – leaving business organisations to articulate the collective worries of Japanese firms.
Masakazu Tokura, chairman of the Japan Business Federation (Keidanren), told a press conference in Tokyo on November 26 that if Trump followed through with his plans to impose tariffs on all imports, then there would inevitably be a negative effect on Japanese firms.
“If this really happens, the impact on Japanese companies could be enormous,” he said. “We will closely monitor the situation.”
He cautioned also that Trump could be underestimating the responses of America’s trading partners.
