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.

Unlike the European Union, the Japanese government has made no indication it plans to impose any kind of reciprocal tariff on the U.S.

Home Depot co-founder Ken Langone admitted Tuesday that previous concerns over President Donald Trump’s tariff policy were unfounded, saying he

President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries.

Japan's government said its top trade negotiator, Ryosei Akazawa, held a 45-minute phone call with U.S. Commerce Secretary Howard Lutnick on U.S. tariffs on Thursday.

Tak Niinami, Chairman and CEO of Suntory Holdings says the Ishiba administration is unable to make a bold decision to open Japan for agriculture products from the U.S. ahead of the upper house elections.

Japanese shipper K-Line forecasts a US$200 million hit from US tariffs and is adjusting its fleet of ships to other regions.

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,