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Trump's tariff stick is aimed at Japan, and Japanese companies are starting to take precautions.
In response to Trump's threat of tariffs, Japanese companies are changing their production strategy.
Asian Currencies Consolidate as Uncertainties on Trade, Geopolitics Weigh -- Market Talk
Rising Inflation In Japan: 3 ETFs To Watch As BOJ Navigates Rate Hike Expectations
"Resisting" the fierce impact of the dollar, the yen displays its appeal as a safe haven.
On Monday, after President Trump of the USA announced the implementation of new tariffs, the yen withstood the most intense pressure from the dollar, indicating that investors still view the yen as a safe asset during turbulent times.
What's Next for Japan as the BOJ Continues Raising Rates?
Officials from the Bank of Japan have consecutively sent signals, and over 70% of observers expect an interest rate hike next week.
Among 53 economists, about 74% predict that the Bank of Japan will raise interest rates at the end of its two-day meeting on January 24.