The Latest Breaking News from Shigeru Ishiba

President Donald Trump said Tuesday that the United States had agreed to a "massive" trade deal with Japan that would include a 15 percent tariff on its exports.

Tokyo’s failure to secure a US deal sooner had caused political unease and economic uncertainty in Japan

Populist Sanseito’s rise is eroding the ruling Liberal Democratic Party’s dominance and reshaping Japan’s traditionally staid political landscape, as Maroosha Muzaffar reports

September S&P 500 E-Mini futures (ESU25) are trending down -0.04% this morning as investors brace for a raft of corporate earnings reports and continue to keep a close eye on any trade developments between the U.S. and key trading partners as the August 1st deadline approaches.

Asian markets are mixed after U.S. stock indexes hit new records on Monday

Asian markets were mixed Thursday as traders kept an eye on earnings from Wall Street titans this week while tracking US trade talks just over a week before the deadline for a deal.

Japan held elections for its upper house, the House of Councillors, on July 20. The vote proved a challenge for the conservative ruling Liberal Democratic party (LDP), which has been reeling from corruption scandals, rising prices and US tariffs on Japanese exports.

Campaigning under the nationalist slogan "Japanese First," the party capitalised on growing public frustration with immigration, inflation and the ruling coalition's performance.

Japan’s ruling alliance no longer holds majority in either house of parliament

Ishiba said the coalition's poor showing was because his government’s measures to combat price increases had yet to reach many people.

Equities mostly rose Monday on optimism countries will reach US trade deals before an August 1 deadline, while the yen gained after Japanese Prime Minister Shigeru Ishiba said he would stay in office despite another election defeat.