Published: 15:50, May 27, 2025
Japanese PM pledges support for industries hit by US tariffs
By Xinhua
A container ship is loaded and unloaded at a container terminal at a port of Kawasaki near Tokyo on March 9, 2022. (PHOTO / AP)

TOKYO - Japanese Prime Minister Shigeru Ishiba on Tuesday took note of the growing impact of US 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.

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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.