Japan, Ishiba
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Japan's Liberal Democratic Party, which Prime Minister Ishiba leads, secured 47 seats in parliament, short of the 50 it needs for a majority.
Japan’s ruling party faces major setbacks as Trump’s tariff deadline approaches, threatening the economy and trade relations. Learn what’s next for Japan amid rising tensions.
Japan's top tariff negotiator, Ryosei Akazawa, said on Saturday he planned to visit Washington next week to hold further ministerial-level talks with the U.S.
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Asianet Newsable on MSNJapan's Ruling Party Loses Grip As Trump Tariff Deadline Looms: What Happens Next?
The LDP could still stay in power with the support of smaller parties, given that it is still the largest single party.
Unlike the European Union, the Japanese government has made no indication it plans to impose any kind of reciprocal tariff on the U.S.
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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.
Japanese Prime Minister Shigeru Ishiba will continue in office despite his party's election loss. He emphasised preventing a political vacuum and addressing issues like rising living costs, while planning to negotiate with the US on tariffs ahead of the 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.