Japan vulnerable to Trump tariffs due to limited policy arsenal: BNP Paribas

Credit ratings of both East Asian nation and France at risk, says chief economist

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BNP Paribas Group Chief Economist Isabelle Mateos y Lago says Japan has "very little room to maneuver with fiscal or monetary policy to support growth." (Photo by Yuki Kohara) 

LISA KIM and JADA NAGUMO

TOKYO -- Japanese authorities have only a limited fiscal and monetary arsenal to draw on as they fight to support Asia's No. 2 economy in the face of a barrage of U.S. trade tariffs, according to BNP Paribas.

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