Japanese Premier Shigeru Ishiba on Monday revealed plans to stay in office to provide “stability” and tackle economic concerns after his ruling coalition saw striking losses in the country’s upper house elections.

General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.

TOKYO, July 17 (Reuters) - Japan's top trade negotiator Ryosei Akazawa held talks with U.S. Commerce Secretary Howard Lutnick on U.S. tariffs on Thursday, as Tokyo races to avert a 25% levy that will be imposed unless a deal is clinched by an August 1 deadline.

For Americans who were awaiting the release of the Nintendo Switch 2, the delay of U.S. pre-orders for the gaming console this April was one indication of what’s to come.

Exports fell for a second straight month in June, fueling fears that U.S. tariffs will halt Japan’s economic recovery and complicate the central bank’s policy plans.

A mutually beneficial U.S.-Japan tariff agreement is still possible, Treasury Secretary Scott Bessent said on Friday after meeting Japanese Prime Minister Shigeru Ishiba in Tokyo.

Japan protects domestic production of rice, its staple grain, with a tariff of about $2.38 per kilogram on imports beyond a tax-free quota of roughly 770,000 tons.

Asian governments are hoping a flurry of last-minute diplomacy will secure them better deals from the White House. Japan’s chief trade negotiator Ryosei Akazawa met with US Commerce Secretary Howard Lutnick for more than two hours on Monday — his eighth round of trade talks with US officials.