Facing the economic fallout from U.S. tariffs, central banks in Japan and Singapore are adjusting their strategies to mitigate potential damage. While European Union ministers are working toward a unified response, countries like Taiwan, India, and Vietnam are exploring alternative approaches like negotiation to avoid tariff penalties. 🇯🇵🇸🇬 In Japan, the Bank of Japan (BOJ) cautiously acknowledges the impact of the tariffs, urging companies to prepare for possible downturns. They also acknowledge the difficulty in accurately predicting economic consequences due to policy-driven nature of the tariffs. BOJ officials highlight the potential of negative impacts on corporations and the economy at large. Meanwhile, Singapore’s Monetary Authority (MAS) is expected to ease its monetary policy further as global trade concerns intensify. This move follows a similar easing initiated earlier this year in response to an unexpected decline in core inflation rates. Both nations are navigating the uncertain economic landscape, assessing potential impacts on their economies. 📈