Core Viewpoint - Japan's exports to the United States fell by 13.8% year-on-year in August, marking the largest monthly decline in over four years, primarily due to the impact of U.S. tariff policies [1] Group 1: Trade Statistics - Japan's exports to the U.S. decreased to 1.39 trillion yen (approximately 9.5 billion USD) in August [1] - Overall exports from Japan declined by 0.1% year-on-year, while imports fell by 5.2%, resulting in a trade deficit of 242.5 billion yen (approximately 1.66 billion USD) for the month [1] Group 2: Affected Industries - Significant declines in exports were noted in sectors such as automobiles, construction and mining machinery, and semiconductor manufacturing equipment [1] - Exports of automobiles and auto parts account for about one-third of Japan's total exports to the U.S. [1] Group 3: Company Responses - To mitigate the effects of tariff policies, some Japanese automakers, including Toyota, have been forced to lower prices to maintain sales [1] - Companies like Mitsubishi and Mazda are actively reducing exports of low-margin vehicles to the U.S. and are seeking to expand sales in markets outside the U.S. [1]

Core Insights - Japan's exports to the United States have been declining for five consecutive months since April 2023, primarily due to the impact of U.S. tariff policies [1] - In August, Japan's exports to the U.S. fell by 13.8% year-on-year to 1.39 trillion yen (approximately 1.46 billion USD), driven by significant declines in exports of automobiles, construction and mining machinery, and auto parts [1] - The overall export value for Japan in August decreased by 0.1% year-on-year to 8.43 trillion yen, while imports fell by 5.2% to 8.67 trillion yen, resulting in a trade deficit of 242.5 billion yen [1] Industry Impact - Exports of automobiles and auto parts account for about one-third of Japan's total exports to the U.S., indicating a substantial impact from U.S. automotive tariff policies [1] - To mitigate the effects of the tariff policies, some Japanese automakers, such as Toyota, have been forced to lower prices to maintain sales volumes, while others like Mitsubishi and Mazda are reducing exports of lower-margin vehicles to the U.S. and are actively seeking to expand sales in markets outside the U.S. [1]