In a weekend article the Nikkei reported that...>

BOJ: In a weekend article the Nikkei reported that "the 32 branches of the Bank

of Japan, the country's central bank, have embarked on an emergency survey of

companies in each district to grasp the impact of the intensifying trade war on

exports and supply chains. The memories of the 2008 financial crisis remain

vivid among Japan's central bankers. Japanese companies are especially

vulnerable to a slump in trade, with many shipping materials and industrial

equipment throughout the world. After the collapse of Lehman Brothers, none of

the leading countries suffered as much as Japan in terms of the drop in

industrial output. As the U.S.-China trade war casts a shadow over the global

economy, and as such new concerns as Turkey's lira crisis emerge, the BOJ is

shifting focus to protecting the domestic economy and putting its long-held

inflation goal on the back burner."