More than two-thirds of Japanese firms believe the government should compile an extra budget later this year to mitigate the impact of U.S. President Donald Trump's new tariffs and rising prices, a Reuters survey showed on Thursday.

Unlike the European Union, the Japanese government has made no indication it plans to impose any kind of reciprocal tariff on the U.S., even if the U.S. does move forward with its planned 25% tariffs on all Japanese exports.

Fears of a recession are mounting in the world's fourth-largest economy, after export to the US declined for the second month in a row in June. View on euronews

Major Pacific countries told by the US to prepare for conflict as regional tensions continue to rise over threat to Taiwan

Japanese auto exports to the United States tumbled more than a quarter in June, official data showed Thursday, amid growing concern at the failure of Tokyo to strike a deal to avoid the worst of Donald Trump’s tariffs.

Japan’s top trade negotiator Ryosei Akazawa and U.S. Commerce Secretary Howard Lutnick held a 45-minute phone call Thursday to discuss the impending U.S. tariffs, reaffirming each country’s stance as a key tariff deadline approaches.

Shinjiro Koizumi has scrambled to cut soaring rice prices ahead of a high-stakes election this weekend. Will it be enough to buoy support for the Liberal Democratic Party?

US President Donald Trump attacked the car trade imbalance between the US and Japan again on Sunday, days ahead of a scheduled visit by Treasury Secretary Scott Bessent to the Asian country that could apply further pressure to the minority government.