A significant majority of Japanese firms have found the business impact of U.S. President Donald Trump's tariffs within expectations and have not found it necessary to change investment plans, a Reuters survey showed on Thursday.

Japan has reported its exports fell in May as shipments of autos to the U.S. dropped nearly 25% from a year earlier due to higher tariffs imposed by President Donald Trump.

Japan’s exports fell for the first time in eight months as the US tariff campaign weighed on global trade, raising the risk of a technical recession after the economy contracted at the start of the year.