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Japan to spend $6.3B to protect its businesses from Trump tariffs

  • On May 27, 2025, Japanese Prime Minister Shigeru Ishiba announced a $6.3 billion economic stimulus to counter U.S. Tariffs at a Tokyo meeting.
  • The measures respond to hefty U.S. Tariffs, including a 25 percent auto levy imposed by Donald Trump that pressure Japan's mainstay car industry.
  • The government will allocate 388.1 billion yen from reserve funds to subsidize utility bills and support businesses amid inflation and rising energy costs.
  • Prime Minister Ishiba assured that the government is fully committed to supporting companies, particularly small and medium-sized ones, as some face profit declines this fiscal year.
  • These relief measures aim to mitigate the economic impact of U.S. Tariffs and may influence consumption, corporate financing, and Japan-U.S. Economic relations.
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Benzinga broke the news in New York, United States on Tuesday, May 27, 2025.
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