since indonesia nickel export ban in 2019, japan automotive industrys already facing great pressure on their supply chain. after indonesia lossing nickel dispute on WTO, USDJPY seem going bearish as we can see on chart, but recently indonesian goverment announce bauxite export ban which seem drive bauxite price up. as we know japan top export product came from automative industrys, which bauxite are main material for automotive manufacturing. with post pandemic economic condition and material price. it seem difficult to maintain automotive export value at recent level
Komentar:
global suply of alumina(bauxite) seem going to on arm industry (rusian and ukraina war). more pressure to japan automotive industries