The Japanese government has prepared a package of measures to mitigate the effects of US tariffs

At the end of last week, the Japanese government announced a package of emergency economic measures to counter the adverse effects of US tariffs. This was reported by Kyodo News.

The package consists of five components, including support for corporate financing and steps to stimulate consumption. In this way, the government seeks to mitigate concerns that US tariffs could affect Japanese exports and potentially harm the country’s economy.

In particular, the government has promised to consider expanding the volume of low-interest loans for small companies starting next month.

According to Japanese Prime Minister Shigeru Ishiba, the US duties could significantly harm domestic industries that form the basis of the economy, such as automotive and metallurgy. He emphasized the need for Tokyo and Washington to cooperate.

“It is extremely important for us to clearly convey to the United States the fact that Japanese enterprises make a significant contribution to the U.S. economy through investment and job creation,” he added.

This week, Japan’s Minister of Economic Recovery Ryohei Akazawa plans to visit the United States again to hold a second round of talks with Treasury Secretary Scott Bessent. Depending on the outcome, sources say, the Japanese government may introduce additional support measures for businesses and consumers.

Expanded access to low-interest loans and debt guarantees, AInvest notes, is aimed at small and medium-sized enterprises that employ more than half of Japan’s workforce. The Japan Finance Corporation has pledged to double its credit lines to 10 trillion yen ($70 billion) by 2026.

The government may also introduce stimulus measures to boost domestic consumption, depending on the impact of US tariffs, to support the automotive sector.

As GMK Center reported earlier, the UK will extend financial support to exporters by £20 billion ($26 billion), including those affected by US tariffs, to provide them with stability.