News On Japan

U.S. Announces 25% Tariff on Japanese Imports, Ishiba Calls It Deeply Regrettable

TOKYO - The announcement by U.S. President Donald Trump that a 25% tariff will be imposed on imports from Japan has drawn strong reaction from Prime Minister Ishiba, who said during a government task force meeting that the move is "deeply regrettable."

According to reporter Yokobori at the National Press Center, the Japanese government is still unclear about Washington's true intentions and is prioritizing efforts to fully understand the U.S. position.

"The U.S. government has announced a further increase in tariffs, on top of those already imposed, and this is truly regrettable," Ishiba said.

He instructed relevant ministers to thoroughly analyze the potential domestic effects and ensure robust measures to mitigate the impact on Japanese industries and employment.

Ishiba also revealed that the original July 9th deadline for negotiations has been extended to August 1st, and that the U.S. has proposed swiftly resuming talks with Japan toward the new deadline.

"As the Japanese government, we are determined to avoid any hasty compromises," Ishiba emphasized. "We will assert what must be asserted and protect what must be protected. We are engaging in these negotiations with our full effort."

Although the negotiation deadline has been pushed back, Japan also faces a key political milestone with the Upper House election scheduled for July 20th, adding another layer of complexity as the administration navigates both diplomatic and electoral pressures.

Source: テレ東BIZ

News On Japan
POPULAR NEWS

Japan’s World Cup campaign ended in the cruelest possible fashion on June 29, as Gabriel Martinelli scored in the fifth minute of stoppage time to give Brazil a 2-1 victory over the Samurai Blue in their knockout match in Houston. Japan had led in the first half and were still level at 1-1 in the final moments, but Martinelli’s late strike sent Brazil into the Round of 16 and eliminated Japan from the tournament.

Strong earthquakes have continued to shake parts of Japan in recent weeks, with 11 temblors measuring lower 5 or above on the Japanese seismic intensity scale recorded across the country since April 2026.

A Kintetsu Railway train derailed inside Kyoto Station on the morning of June 29, forcing partial suspensions on the Kintetsu Kyoto Line for the rest of the day and causing long delays that hit commuters, students and tourists.

A section of stone wall at Hikone Castle, one of Japan’s few surviving original Edo-period castles and a National Treasure whose main keep remains intact more than 400 years after its construction, collapsed after heavy rain caused by Typhoons No. 7 and No. 8, Hikone city officials said.

Japan advanced to the knockout stage of the World Cup after a 1-1 draw with Sweden on June 25, finishing second in Group F and setting up a Round of 32 clash with Brazil in Houston.

MEDIA CHANNELS
         

MORE Business NEWS

Tokyo stocks edged higher on June 29 as investors bought back selected shares after a sharp AI-led selloff, but gains were capped by caution over high technology valuations, Middle East tensions and a weakening yen that fell to its lowest level against the dollar since 1986.

Tokyo stocks fell sharply on June 26 as investors locked in profits from Japan’s record-setting AI-driven rally, with SoftBank Group and chip-related shares leading a broad retreat after reports that OpenAI may delay its initial public offering.

Japanese households held 2,386 trillion yen in financial assets at the end of March, up 7.1% from a year earlier, as rising share prices, wider use of the new NISA investment program and the weaker yen lifted the value of assets held by individuals.

The sale of religious corporations that operate temples and shrines across Japan is drawing growing scrutiny from authorities, who fear the transactions could be used for tax evasion and money laundering, as brokers openly advertise properties and corporate status for tens or even hundreds of millions of yen.

The Nikkei Stock Average fell for a second straight session in Tokyo as investors locked in profits from a rapid rally in artificial intelligence and semiconductor-related shares, briefly sending the benchmark down more than 1,300 yen before bargain hunting helped it recover part of the loss.

Imabari Shipbuilding, Kawasaki Heavy Industries, and Namura Shipbuilding are aiming to resume construction of liquefied natural gas carriers around 2035, as Japan’s shipbuilding industry looks for a path to recovery after losing much of the global market to lower-cost rivals in South Korea and China.

Finance Minister Katayama held online talks with U.S. Treasury Secretary Scott Bessent as the yen approached its weakest level in about 39 years, with the two sides believed to have discussed possible responses, including foreign exchange intervention.

Every year, thousands of people save money by buying through the Japanese auction process. But many do not realize they've paid too much until the vehicle arrives.