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July 20, 2025
 

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TARIFFS

Prime Minister Shigeru Ishiba, who serves concurrently as president of the Liberal Democratic Party, delivers a campaign speech in Yokohama on July 6.
JAPAN / Politics / FOCUS
Jul 19, 2025
Japan's minority government faces election snub as economic storm brews
Prime Minister Shigeru Ishiba's LDP and its partner Komeito are forecast to lose their majority in a repeat of last year's Lower House election.
Prime Minister Shigeru Ishiba, who serves concurrently as leader of the ruling Liberal Democratic Party, waves to voters from atop an election campaign van during a rally Friday in Yokohama for Sunday's Upper House election.
JAPAN / Politics / FOCUS
Jul 19, 2025
Ishiba's future in balance as polls hint at rout in Upper House election
Prime Minister Shigeru Ishiba likes the nitty gritty of policy, cigarettes and making models, but his dream job as Japanese leader could go up in smoke this weekend.
U.S. President Donald Trump steps on stage to deliver remarks at the Salute to America Celebration at the Iowa State Fairgrounds in Des Moines on July 3.
BUSINESS / Economy
Jul 19, 2025
Trump aims tariff double whammy at industries and nations by Aug. 1
In addition to measures on copper, the U.S. has discussed making announcements on lumber, chips, critical minerals and drugs in that order, though this may change.
Former Brazilian President Jair Bolsonaro attends an interview in Brasilia on Friday.
WORLD / Politics
Jul 19, 2025
Defiant Bolsonaro says he is the one to stop Lula, China and Trump tariffs
Brazil's right-wing former president cast himself as the man to renegotiate U.S. tariffs, curb Chinese influence and beat back leftists in Brazil.
South African Deputy Minister of Finance David Masondo (left), Minister of Finance Enoch Godongwana (center) and South African Reserve Bank Gov. Lesetja Kganyago address a closing news conference on the last day of a meeting of Group of 20 finance ministers and central bank governors meeting in Durban, South Africa on Friday.
BUSINESS / Economy
Jul 19, 2025
G20 communique delivers rare show of unity amid Trump trade war
U.S. tariffs have strained the G20’s multilateral foundations and complicated South Africa’s efforts — as this year’s rotating president — to keep the group’s agenda on course.
Prime Minister Shigeru Ishiba with U.S. Treasury Secretary Scott Bessent before a meeting at the Prime Minister's Office in Tokyo on Friday.
BUSINESS / Economy
Jul 19, 2025
Ishiba and Bessent say 'good' trade agreement still possible
Prime Minister Shigeru Ishiba urged U.S. Treasury chief Scott Bessent to continue talks with Japan’s chief negotiator to achieve a win-win deal.
A Sanseito campaign van in Shinjuku. The populist party is gaining ground and challenging the more centrist parties.
BUSINESS / Economy
Jul 18, 2025
Japanese markets brace for triple whammy if opposition wins big
Bonds, stocks and the yen could be destabilized if spendthrift parties gain influence.
A member of staff works on a production line that manufactures small metal coils at Mitsuwa Electric in Tokyo on July 11.
BUSINESS / Companies
Jul 18, 2025
Japan's smaller firms say they are ready to adapt to Trump tariffs
Millions of small- and medium-sized firms that make up 99.7% of Japan's companies are world-class in their specialist niche, giving rise to confidence about weathering tariffs.
"Japan said that tariffs aren’t really the right tool to fix excessive current accounts imbalances,” Finance Minister Katsunobu Kato told reporters Thursday.
BUSINESS / Economy
Jul 18, 2025
Finance minister says tariffs not right tool to fix trade imbalances
Katsunobu Kato's comments come as the global economy braces for higher U.S. tariffs.
Once seen as an unlikely prime minister, Shigeru Ishiba has struggled to deliver on promises, mishandled ties with U.S. President Donald Trump and now faces an election where the odds don’t look good for his party to come out victorious.
COMMENTARY / Japan
Jul 18, 2025
A trade deal fumble could be Ishiba’s last mistake
Ishiba already leads a coalition that lacks a majority in the Lower House, and another bad showing Sunday will likely mean Japan is looking for its third leader in as many years.
Mazda employees walk at the company's main plant in the town of Fuchu, Hiroshima Prefecture, on Tuesday.
BUSINESS / Companies
Jul 18, 2025
Japan voters see little hope for tariff reprieve in carmaker Mazda's hometown
The economic engine of Hiroshima Prefecture faces U.S. tariffs of 25% on cars, a dispiriting prospect for an electorate already battling inflation.
Campaign posters in Tokyo. Voters in Japan put immediate economic issues ahead of longer-term concerns about the effects of tariffs.
BUSINESS / Economy
Jul 17, 2025
Trump tariffs fail to register with Japanese voters ahead of key election
Only 8% of voters surveyed by NHK rated tariffs as their top priority.
Since the Sino-U.S. trade conflict began in 2018, China has used it to strengthen self-reliance, sharpen its strategies and turn Donald Trump’s tariffs into fuel for its long-term global resilience. 
COMMENTARY / World
Jul 17, 2025
China is winning Donald Trump’s trade war
While China does not want a trade war or to decouple, it is willing to risk a trade war that the United States may lose — and it would rather decouple than kowtow to Trump.
Exports measured by value dropped 0.5% in June from a year earlier, apparently reflecting the impact from U.S. President Donald Trump's tariffs.
BUSINESS / Companies
Jul 17, 2025
Japan’s exports fall as U.S. tariffs stoke recession risks
Exports measured by value dropped 0.5% in June from a year earlier, led by cars and steel, the Finance Ministry reported.
U.S. President Donald Trump in the Great Hall of the People in Beijing in 2017. Six months into his second term, Trump has softened his harsh campaign rhetoric that focused on the U.S.’ massive trade deficit with China and resulting job losses.
WORLD / Politics
Jul 17, 2025
Trump softens tone on China to secure Xi summit and a trade deal
U.S. President Donald Trump's warmer posture toward China contrasts with his threats against other trading partners to ravage their economies with crushing tariffs.
U.S. President Donald Trump, U.S. Secretary of the Interior Doug Burgum (left) and U.S. Secretary of Commerce Howard Lutnick at Joint Base Andrews, Maryland, on Tuesday
BUSINESS / Economy
Jul 16, 2025
Trump signals the end of the road for Japan tariff negotiations
U.S. President Donald Trump's 25% "reciprocal" rate might simply be allowed to go into effect on Aug. 1
Former Brazilian President Jair Bolsonaro attends a rally in Sao Paulo on June 29.
WORLD / Politics
Jul 16, 2025
Trump tariffs put Bolsonaro and Brazilian right in a bind 
Three people close to right-wing ex-President Jair Bolsonaro said they were stunned by Trump's latest tariff move and fear it may do more harm than good.
Chinese leader Xi Jinping attends a meeting during the the Shanghai Cooperation Organization forum in Beijing on Tuesday.
BUSINESS / Economy
Jul 16, 2025
China’s growth momentum offers Xi rare window to fight deflation
Gross domestic product beat expectations to grow 5.2% between April and June, bringing the official 5% expansion goal for the year within reach.
Jerome Powell, the embattled chairman of the Board of Governors of the U.S. Federal Reserve, appears before a House committee in Washington on June 24.
BUSINESS / Markets
Jul 16, 2025
Wary that Fed chief may be ousted, investors protect portfolios from inflation risk
A Fed chief warmer to cutting rates could have a mixed effect on equities but could weaken the U.S. dollar, increase volatility in the Treasurys market and raise longer-term rates.
The IPC Container Terminal at Tanjung Priok Port in Jakarta in April last year
BUSINESS / Economy
Jul 16, 2025
Trump says Indonesia goods to face 19% tariff under new pact
Indonesia also agreed to purchase $15 billion in U.S. energy, $4.5 billion worth of agricultural products and 50 Boeing jets, many of them 777’s.
Japanese markets brace for triple whammy if opposition wins big
A Sanseito campaign van in Shinjuku. The populist party is gaining ground and challenging the more centrist parties.
Sunken WWII Japanese warship Teruzuki found off Solomon Islands
The Solomon Islands. A team from the U.S. nonprofit Ocean Exploration Trust has discovered the Imperial Japanese Navy destroyer Teruzuki on the deep seabed off the Solomon Islands as the 80th anniversary of the war's end approaches.
Living conditions index hits lowest level in 15 years in Japan
The share of respondents to a Bank of Japan quarterly survey in June who said they have become worse off came to 61.0%, up 5.1 percentage points from the previous survey.
In Upper House race, younger voters in Tokyo turn to DPP for new direction
The Tokyo district has the highest number of candidates in the 2025 Upper House election with 32 people in the running for seven seats.
Concerns grow in Japan over possible Russian interference in Sunday’s election
A think tank researcher said anti-government propaganda by Russian bot accounts was what has made the small far-right party Sanseito so popular leading up to the Upper House election.
Japan's rice farmers are confounded by Shinjiro Koizumi’s policies
Kiyoshi Shibata stands in front of one of the rice paddies in Murayama, Yamagata Prefecture, where he produces the prefecture's signature rice brand Tsuyahime.
From stalking to death threats, female candidates still face harassment
Mayu Ushida, a former NHK newscaster running for election in the Tokyo electoral district on the Democratic Party for the People ticket, signs an autograph for a voter after a public rally at Shinjuku Station in Tokyo on Tuesday.
Kawaii Lab redefines idol pop for the TikTok generation
Misa Kimura is the main producer for Kawaii Lab, a project by entertainment agency Asobisystem whose groups have found success by pairing a social media-first strategy with a fresh perspective on traditional idol-pop tropes.
Craig Mod's life in motion in a disappearing Japan
Mod's memoir “Things Become Other Things” chronicles his walking trips across the Kii Peninsula, surveying “a graceful end to a certain life cycle.”
With China and Trump, Japan defense report says world entering ‘new era of crisis’
A senior member of a Self-Defense Forces honor guard inspects a formation before the arrival of Prime Minister Shigeru Ishiba for a visit to the Defense Ministry in Tokyo on June 30.

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