Japan, Ishiba and upper house
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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.
Japan told Group of 20 countries that tariffs aren’t the right way to fix imbalances, and that countries facing such situations need to address them through domestic efforts, according to Finance Minister Katsunobu Kato.
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. "A good deal is more important than a rushed deal,
Japan’s political landscape could be on the brink of major upheaval after exit polls showed Prime Minister Shigeru Ishiba’s ruling coalition likely lost its majority in the country’s upper house following a key national election Sunday.
Unlike the European Union, the Japanese government has made no indication it plans to impose any kind of reciprocal tariff on the U.S.
When car maker Mazda sneezes, everyone catches a cold, say people in its hometown of Hiroshima in western Japan, but these days, auto parts maker Yuji Yamaguchi fears a deep chill is on the way.
Japan’s ruling coalition lost its majority in the upper house elections on Sunday, exit polls projected, in a disastrous result for prime minister Shigeru Ishiba. Ishiba’s Liberal Democratic Party (LDP) and its partner Komeito won about 41 of the 125 seats contested,