A recent Reuters survey revealed that more Japanese companies prefer a Kamala Harris presidency over a second term for Donald Trump. This preference stems from concerns about protectionism and unpredictable policies under Trump. Such policies could change business strategies, particularly regarding foreign exchange, supply chains, and China operations. While 43% of firms favored Harris, only 8% supported Trump, with 46% stating either candidate would be acceptable. A renewed U.S.-China trade war would heavily affect Japan, a key U.S. ally with significant economic ties to the U.S. and China.