综述｜美关税政策拖累日本多行业

Group 1 - The US tariff policy has significantly negatively impacted multiple Japanese industries, including automotive, steel, and chemicals, leading to profit shrinkage and concerns among SMEs about potential production cuts [1][2] - Japan's exports to the US, particularly in the automotive sector, have declined, with July exports dropping 10.1% year-on-year to 1.73 trillion yen, marking four consecutive months of decline [1] - The automotive sector experienced a 28.4% year-on-year decrease in exports to the US in July, with export volume down 3.2% to 123,500 vehicles [1] Group 2 - The net profit of 1,069 companies listed on the Tokyo Stock Exchange fell by 12% year-on-year in Q2, totaling 12.3 trillion yen, marking the first decline in three years [1] - The automotive and parts industry was the hardest hit, with profits down approximately 980 billion yen, a decline of 45% [2] - The steel industry reported losses in Q2, prompting Tokyo Steel to lower its earnings forecast for the fiscal year [2] Group 3 - The chemical industry saw a 25% decline in profits in Q2, with Mitsubishi Chemical Group facing significant pressure due to decreased customer confidence attributed to US tariff policies [2] - SMEs are under greater pressure, with concerns that large companies may shift to overseas suppliers, leading to reduced orders and job cuts for smaller firms [2] - A survey indicated that 11% of SMEs have already felt the impact of US tariffs, with 50% fearing order reductions, an increase of 12 percentage points since April [3]