The Bank of Korea warns that US tariff policy will sharply reduce South Korea's GDP growth by 0.45%p in 2025 and 0.60%p in 2026, with the heaviest impact on exports of metals, machinery, and automobiles, and additional risks from financial and uncertainty channels.
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Bank of Korea - 'US Tariff Policy to Exert Downward Pressure on Growth Rate—0.45%p This Year, 0.60%p Next Year'
The Bank of Korea warns that US tariff policy will sharply reduce South Korea's GDP growth by 0.45%p in 2025 and 0.60%p in 2026, with the heaviest impact on exports of metals, machinery, and automobiles, and additional risks from financial and uncertainty channels.
KITA and Korea Customs Service Outline Export Strategies Following Korea-US Tariff Agreement
KITA and Korea Customs Service held a briefing for over 200 exporters, outlining US tariff policy trends and strategic responses following the Korea-US tariff agreement.
Japanese stocks closed mixed as uncertainty over US tariff policy weighed on markets, with the Nikkei 225 falling 0.19% and the TOPIX rising 0.39%, while Fast Retailing tumbled on weak earnings and semiconductor shares provided support.
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[Tokyo Stock Market Closing]Japanese Stocks Mixed Amid Uncertainty Over US Tariff Policy
Japanese stocks closed mixed as uncertainty over US tariff policy weighed on markets, with the Nikkei 225 falling 0.19% and the TOPIX rising 0.39%, while Fast Retailing tumbled on weak earnings and semiconductor shares provided support.
South Korean FX dealers expect the dollar-won to trade in the mid-1,370 range as risk appetite rebounds, with the Bank of Korea likely to hold rates steady and US tariff uncertainty capping downside.
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[Today's Forex Dealer Expected Exchange Rate Range]Dollar-Won Expected to Trade in Mid-1,370 Range as Risk Appetite Recovers Despite US Tariff Uncertainty
South Korean FX dealers expect the dollar-won to trade in the mid-1,370 range as risk appetite rebounds, with the Bank of Korea likely to hold rates steady and US tariff uncertainty capping downside.
Japanese Stock Market Opens Lower on Disappointment over US-Japan Talks and Profit-Taking
Japanese stocks open lower as investors react to disappointing US-Japan trade talks and engage in profit-taking, with Nikkei 225 falling 0.69% amid subdued market sentiment
BOK Governor Lee - 'February Outlook Optimistic Considering Current US Tariff Policy'
Bank of Korea Governor Rhee Chang-yong expresses optimism about February economic outlook, citing favorable US tariff policy, while maintaining cautious stance on overall economic assessment
Bank of Korea maintains base rate at 2.75%, citing high uncertainty from U.S. tariff policies and emphasizing continued rate cut trend to mitigate growth risks amid global trade tensions and domestic economic challenges.
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BOK Monetary Policy Board Highlights - 'High Uncertainty from U.S. Tariff Policy'
Bank of Korea maintains base rate at 2.75%, citing high uncertainty from U.S. tariff policies and emphasizing continued rate cut trend to mitigate growth risks amid global trade tensions and domestic economic challenges.
Nikkei Surges 5-6% at Open on Technical Rebound
Japan's Nikkei 225 index opens with 5-6% surge on technical rebound, reflecting limited U.S. market decline and U.S.-Japan tariff negotiation hopes
BOK Deputy Governor Yoo - 'High Uncertainty and Potential Long-Term Impact of U.S. Tariff Policy'
Bank of Korea Deputy Governor highlights concerns over prolonged uncertainty in U.S. trade policies, signaling potential long-term economic impacts
BOK Deputy Governor Yoo - 'High Uncertainty and Potential Long-Term Impact of US Tariff Policy'
Bank of Korea Deputy Governor warns of prolonged uncertainty in US tariff policy, triggering market volatility and activating stabilization measures
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