Japan's Kubota sees 'no need' for pessimism if Trump wins, executive says

Vice president wary of tariffs rising but hopeful of construction boom

20240422N Kubota

Kubota sells small construction machinery used to build housing in the U.S. (Kubota)

NARUSHI NAKAI, Nikkei staff writer

TOKYO -- The heavy machinery industry could experience potential upsides, such as through increased housing construction, if former U.S. President Donald Trump returns to the White House in 2025, according to a senior executive at Japanese player Kubota.

"There is no need to be too pessimistic," Kubota Executive Vice President Masato Yoshikawa said of a possible Trump presidency in an interview with Nikkei. He also said an increase in the company's balance of receivables is a result of brisk sales.

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