Nippon TV asked Japanese stakeholders what kind of impact U.S. President-elect Donald Trump may have on the Japanese economy.  

Regarding his proposed tariff increases on imports, a senior Japanese official in an economic agency expressed concern that the United States will impose high tariffs but lower them for countries that offer favorable terms to the U.S.   

He also said that with America’s large domestic demand, Japan and other countries may be pressured due to these tariffs.  

A person in the automotive industry said, “the tariff hike will have a significant impact in the short term” and that they will have to closely monitor the situation since the production base cannot be moved immediately. 

As Trump also said during the election campaign that he wants to lower energy prices by promoting fossil fuels such as oil and natural gas, electricity industry officials are concerned that a change in the global decarbonization trend could hinder the stable supply of electricity, which is the most important factor for the electricity industry.  

As for Japan’s Nikkei Stock Average, which rose more than 1,000 yen the previous day, went down on November 7.  

In the Tokyo market, the yen weakened by about 3 yen against the U.S. dollar on November 6 in response to former President Trump's victory, leading to a significant rise in stock prices.  

However, since President-elect Trump’s proposed policies also have negative aspects for Japanese companies, many investors are expected to lock in profits for now and monitor what policies Trump will roll out.