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.

Major Pacific countries told by the US to prepare for conflict as regional tensions continue to rise over threat to Taiwan

The dollar was broadly stronger against major peers on Thursday as investors assessed U.S. President Donald Trump's latest comments on Fed Chair Jerome Powell's future, while concerns over a pivotal election in Japan weighed on the yen.

Japan expressed hope on Tuesday that U.S. President Donald Trump's announcement on a Ukraine arms deal and potential secondary tariffs on Russia would lead to a just and lasting peace between the two countries.

US President Donald Trump attacked the car trade imbalance between the US and Japan again on Sunday, days ahead of a scheduled visit by Treasury Secretary Scott Bessent to the Asian country that could apply further pressure to the minority government.

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

The US and Japan's alliance today is a complex and deeply rooted relationship that emerged from a dark history. After their fierce battles in World War II, including the devastating atomic bombings of Hiroshima and Nagasaki,