The United States’ move to blacklist Huawei sent ripples through supply chains in Asia this week, as companies scrambled to assess how the effective ban would impact the US$70 billion global market for components used by the Chinese telecommunications giant. In Japan, Finance Minister Taro Aso on Friday said Washington’s fresh salvo against the beleaguered tech firm could impact the country’s firms and economic growth.
“There could be direct and indirect effects on Japan,” Aso said, following a cabinet meeting. “There are Japanese companies that supply parts to Huawei, and supply chains are intertwined in complex ways.”
