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

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.

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.

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

U.S. President Donald Trump on Wednesday suggested that striking a trade deal with Japan by the Aug. 1 deadline he has set to wrap up bilateral talks will be difficult. "We're negotiating with them. But I think probably we will live by the letter with Japan,

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.

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.

The NAMC YS-11 turboprop symbolized Japan's postwar aviation pride, with over 180 built serving routes globally and establishing Japanese aerospace credibility.