Japan Warns Makers to Cope with Prolonged U.S.-China Trade War
Tokyo, June 11 (Jiji Press)--A Japanese government white paper on Tuesday urged manufacturers to prepare measures to cut the negative effects of the protracted U.S.-China trade war.
The 2019 White Paper on Manufacturing Industries, adopted at a cabinet meeting, proposed supply chain reforms amid the escalating trade war.
The annual report warned that the trade war between the world's two biggest economies could present bigger negative effects on Japanese manufacturers if it drags on further.
U.S. protectionist acts and China's economic slowdown are hurting not only Japanese exports but also the world economy, the report said.
It is important to accelerate human resources development and the use of artificial intelligence and Internet of things technologies in order to enhance productivity and resolve labor shortages in the domestic manufacturing sector, the report also said.
[Copyright The Jiji Press, Ltd.]