Japanese PM pledges support for industries hit by U.S. tariffs-Xinhua

Japanese PM pledges support for industries hit by U.S. tariffs

Source: Xinhua

Editor: huaxia

2025-05-27 13:31:42

TOKYO, May 27 (Xinhua) -- Japanese Prime Minister Shigeru Ishiba on Tuesday took note of the growing impact of U.S. tariffs and pledged comprehensive support for domestic industries.

"The effects are beginning to materialize, with some companies forecasting reduced earnings this fiscal year. Concerns are rising, particularly among small and medium-sized enterprises (SMEs)," Ishiba said at a government meeting, highlighting the need for swift and effective countermeasures.

He reaffirmed the government's commitment to implement the emergency response package already compiled, including subsidies for electricity and gas bills and measures to support SME financing.