突然崩了！日本，传出重大利空！

Core Viewpoint - The article highlights the negative impact of U.S. tariffs on Japan's economy, indicating a potential technical recession due to declining exports and increasing trade deficits [1][3][5]. Group 1: Trade Data and Economic Impact - Japan's exports fell by 1.7% year-on-year in May, marking the first decline in eight months, primarily due to decreases in automotive, steel, and mineral fuel exports [1][3]. - Exports to the U.S. decreased by 11.1% in May, while exports to China dropped by 8.8% [3]. - Japan recorded a trade deficit of 637.6 billion yen in May, continuing a trend of trade deficits for the second consecutive month [2][3]. Group 2: Government and Central Bank Responses - Japanese Prime Minister Shinzo Abe has been seeking to negotiate the removal of automotive tariffs but has not yet succeeded [4]. - The Bank of Japan maintained its target interest rate at 0.5%, indicating a cautious approach amid economic uncertainties caused by U.S. tariffs [5][6]. - The Bank of Japan's economic outlook remains cautious, with a noted contraction in GDP of 0.2% in the first quarter of 2025 [5]. Group 3: Future Outlook and Negotiations - There is uncertainty regarding future interest rate hikes by the Bank of Japan, with some analysts suggesting a delay until the first quarter of next year due to the lack of strong inflationary pressures [6]. - The ongoing trade negotiations between Japan and the U.S. remain unresolved, with both sides agreeing to continue discussions without reaching a consensus [7][8].