Japan says economy recovering but US tariff impact seen in auto sector

From channelnewsasia.com

Japan's government said on Monday that the economy was recovering moderately but that impact from U.S. trade policies was particularly evident in the auto industry. Although Tokyo upgraded its views on private expenditure and capital spending, it cautioned about potential downside risks to the economic outlook from Washington's trade policies. Japan's economy grew faster than expected in April-June, its fifth straight quarter of expansion. But U.S. tariffs and domestic political uncertainty could complicate policymaking ahead of the Liberal Democratic Party's leadership election in early October to replace outgoing ... (full story)