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.

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.

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.

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

The dollar was broadly stronger against major peers on Thursday as investors assessed U.S. President Donald Trump's latest comments on Fed Chair Jerome Powell's future, while concerns over a pivotal election in Japan weighed on the yen.

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.

With elections coming in Japan, the threat of U.S. tariffs is forcing its prime minister to start talking tougher, and is getting people to rethink long-held assumptions about relations with the U.S.

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.