Moody's: Japan's automotive industry most-exposed to trade war

Joshua Gibson FXStreet

According to the Moody's ratings agency, US-China tariffs threaten Japan's domestic economy, especially the Japanese automotive industry.

Key highlights

Japan's corporate earnings profits are expected to begin decelerating in 2019, and although the direct impact of US-CHina tariffs is largely manageable, Japan's auto industry remains largely exposed to risk factors.

Moody's is also forecasting GDP growth projections of 0.8% for 2019, while the growth pace of EBITDA rated Japanese firms is expected to slow by 1-3% for 2018.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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