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.

Japan’s core inflation rate fell to 3.3% in June, offering some relief after hitting a 29-month high. The core inflation figure excludes fresh food, which fluctuates more due to weather and supply conditions.

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.

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.

The cost of living, social insurance and demographic issues were far more important to them despite Japan being locked in a brutal trade war with the United States over high tariffs put into place and planned by U.S. President Donald Trump.

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

US President Donald Trump came out with another criticism of Japan's trade stance on Tuesday, claiming the country refuses to "open up."

Asian shares were mostly lower in early Tuesday trading, as worries about President Donald Trump’s latest updates to his tariffs weighed on investor sentiments. Japan's benchmark Nikkei 225 rose 0.1% in morning trading to 39,