15:45 - 1.09.2025

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September 1, Fineko/abc.az. Operating profit of Japanese industrial-sector companies from April to June declined 11.5% compared to the same period last year, totaling nearly 11.3 trillion yen (over $76.6 billion).

ABC.AZ reports, citing the country’s Ministry of Finance, that this marks the second consecutive quarter of decline. The largest losses were reported by automobile and other transport manufacturers, whose operating profit fell 27.9% during the same period.

The primary reason is the higher tariffs imposed by the administration of US President Donald Trump on imports of Japanese products. Customs duties on cars were raised to 27.5%. In July, Tokyo negotiated a reduction to 15% in exchange for promises of significant investment in the US economy, but this agreement has not yet been implemented.

Reports indicate that delays are largely due to the US seeking further increases in American rice exports to Japan, which Tokyo has not yet agreed to.