BOJ official: No clear voices from firms citing impact of U.S. trade policy on capex plans

BOJ official comments in the wake of the resilient Q2 Tankan (BOJ Tankan Q2 2025: Large Manufacturing Index 13 (vs. expected 10))

• Some automakers mentioned impact of U.S. trade policy, though others cited improvement in profits due to pass-through of costs
• No clear voices from firms citing impact of U.S. trade policy on capex plans