Japanese business leaders prepare for Trump impact
Ueda Takashi, Mitsui Fudosan President and CEO / When you look at the pledges Donald Trump made during the election, they are mostly inconsistent and contradictory, so I think he will make them more realistic toward the future. I feel that he is in the process of making the pledges by throwing ideas and involving the other party, so we must determine where his real intention lie.
Mitsui Fudosan President and CEO Ueda Shun stated that both rentals and sales are booming in the real estate market in the southern part of the United States, where the population is increasing, and said that the Trump administration will not change this trend.
Mori Trust President and CEO Date Miwako expects the yen to continue to weaken under the Trump administration.
Date Miwako, Mori Trust President and CEO / I believe that the weak yen will continue under the current interest rate differential, and it will consequently have a positive effect on inbound tourism. Last year, the number of foreign tourists was 35 to 36 million, but I think the number may exceed 40 million this year.
She noted that Japan could aim for 9 to 10 trillion yen in inbound revenue, up from 8 trillion yen last year, but also said the cost of imported materials will increase due to the weak yen.
IHI Director and Chairman of Board Mitsuoka Tsugio / Supply chains around the world will be affected in various ways by Trump’s proposed tariffs. To be honest, the impact on the Japanese economy is unclear for now. As a company, we must keep track of what is going on.
IHI President and Chairman Mitsuoka Tsugio stated that the company will properly assess how Trump's proposed tariff hikes will affect the supply chain surrounding his company.