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Japanese Fear on Trade Hit By Nixon Import Tax
Tokyo officials warned Nixon’s 10 percent import surtax would hit Japan’s export trade. Officials and bankers noted potential deflationary effects, a weaker yen, and shifts in dollar flows as Tokyo banks and the BoJ responded to the new U.S. policy while awaiting future moves at the Washington meeting.
MENTIONED IN THIS ARTICLE
Tokyo
Nixon
Japan
Noboru Takeshita
Bank of Japan
U.S
United States
Japan External Trade Organization
Finance Ministry
Ministry of International Trade and Industry
Shige Kurobayashi
Fuji Bank
Singapore
Malaysia- Singapore Association of Banks