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August 30, 2025
 

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TARIFFS

The U.S. economy has shifted from strong growth to heightened recession risk and uncertainty due to President Trump’s aggressive trade tariffs and budget cuts, leaving Congress to reclaim control over policy to avoid worsening economic disruption and global instability.
COMMENTARY / World
May 6, 2025
Only the U.S. Congress can end Trump's economic uncertainty
There is no chance of reining in the disruption and destruction unless the Republican-controlled U.S. Congress reclaims its constitutional authority over trade policy.
U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint news conference at the White House in Washington in February.
BUSINESS / Economy
May 6, 2025
India offers zero-for-zero tariffs on auto parts and steel from U.S.
New Delhi has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in trade negotiations with Washington.
For Japan, U.S. Agriculture Secretary Brooke Rollins indicated the possibility of asking for market-opening measures for agricultural products.
BUSINESS
May 6, 2025
U.S. agriculture secretary to visit Japan for trade talks
The U.S. agriculture secretary indicated the possibility of asking for market-opening measures for agricultural products.
The Hollywood sign is framed by palm trees as Donald Trump unveils a 100% tariff on films made outside of the U.S., in Los Angeles, California, on Monday.
BUSINESS / Economy
May 6, 2025
Trump tariff order on movies leaves film industry flummoxed
Tariffs on movies might prove more difficult to implement than even the highly integrated North American automobile industry.
The U.S. dollar weakened further on Monday against most major currencies, as pressure from U.S. President Donald Trump's tariffs continued.
BUSINESS / Markets
May 6, 2025
Dollar’s fall in Asia stuns investors and spreads across globe
U.S. President Donald Trump’s aggressive trade talk has rattled macro markets, undermining the dollar’s traditional haven role in times of stress.
Several Europe-based carmakers have withdrawn or cut guidance in response to the trade war, including Jeep-owner Stellantis, Porsche and Mercedes-Benz Group.
BUSINESS / Markets
May 5, 2025
European firms fare better than expected through early trade pain
Companies on the MSCI Europe index are averaging earnings growth of 3.8% so far, outpacing preseason estimates of a 1.4% decline.
In France, a state-of-the-art rare earths plant to extract key minerals like dysprosium and terbium is being built with French and Japanese support — the first of its kind outside China. Its significance goes beyond the project itself.
COMMENTARY / Japan
May 5, 2025
New rare earth plant shows strength of Japan-France cooperation
In France, a state-of-the-art rare earths plant is being built with French and Japanese support, showing the way for those who see the benefits of working together and not alone.
China's Bayan Obo rare earth mine in Inner Mongolia. As U.S.-China tensions strain critical mineral supply chains, Tokyo’s multipronged approach based on sovereignty, resilience and sustainability is gaining quiet relevance.
COMMENTARY / Japan
May 5, 2025
Japan's resource security path may hold answers to trade turmoil
Critical mineral supply chains are made vulnerable by China's dominance and U.S. protectionism. Japan's strategy may provide clues as to how to secure these vital resources.
The Hollywood Sign in Los Angeles in 2024. U.S. President Donald Trump says the U.S. movie industry is dying a "very fast death" due to the incentives that other countries are offering to draw American filmmakers.
BUSINESS
May 5, 2025
Saying Hollywood is dying, Trump orders 100% tariff on non-U.S. movies to save it
No details were provided on how the tariffs would be implemented.
Prime Minister Shigeru Ishiba speaks to reporters about Japan-U.S. tariff negotiations at his official residence on Saturday.
JAPAN / Politics / FOCUS
May 5, 2025
Tariff talks with U.S. seen influencing Japan's Upper House election
The outcome of the ongoing bilateral negotiations will have a major impact on this summer's election in the Upper House.
Finance Minister Katsunobu Kato (right) speaks during a news conference in Milan on Sunday.
BUSINESS
May 5, 2025
Finance chief Kato walks back idea of U.S. Treasury sales as trade chip
Japan held roughly $1.13 trillion in Treasury Securities at the end of February — making it the biggest overseas holder of U.S. debt.
Workers operate sewing machines at a Thai Son S.P. garment factory in Binh Thuan province, Ho Chi Minh City, Vietnam, on April 10. For more than 70 years, many emerging nations, especially in Asia, have become the low-cost manufacturer to the U.S., the world’s biggest consumer.
BUSINESS / Economy
May 5, 2025
Global factories struggle to overcome Trump tariffs and uncertainty
Purchasing manager indexes across Asia, along with revised numbers in Europe, showed new or persisting contractions in factory activity in April.
U.S. Treasury Secretary Scott Bessent (right) speaks during an Oval Office meeting on April 24 with President Donald Trump, Secretary of State Marco Rubio and Norwegian Prime Minister Jonas Gahr Store (not pictured) to discuss tariffs.
COMMENTARY / Japan
May 4, 2025
A turning point in trade: The U.S. effort to reverse global imbalances
This large trade imbalance is also the primary driver of the U.S. current account deficit, largely due to the gap in goods trade.
U.S. President Donald Trump's 100th day rally in Warren, Michigan, on April 29
BUSINESS
May 4, 2025
Auto workers welcome Trump tariffs, no matter the fate of Wall Street
According to some autoworkers, the tariffs are their best chance of restoring American manufacturing might.
A Shein pop-up store in New York. Many goods imported from China now face a 145% tariff.
BUSINESS
May 3, 2025
Young Americans sour on Trump’s China tariffs despite election-year bump
For Republicans, the trade war is poised to reverse gains with a demographic that could be key to maintaining control of Congress.
Ryosei Akazawa, Japan's tariff envoy, speaks to members of the media at the Japanese Embassy in Washington on May 1.
BUSINESS
May 3, 2025
Japan's tariff envoy says Tokyo insisting on U.S. rethink
After arriving back in Japan, Ryosei Akazawa told reporters that the two sides "made progress" toward an agreement, but stressed Tokyo was insisting that all tariffs be reviewed.
Myaku-Myaku, the mascot of the 2025 Osaka Expo. Some people in the Japanese government are hoping that U.S. President Donald Trump will visit Japan to see the expo.
JAPAN
May 3, 2025
Trump visit to Osaka Expo likely to depend on tariff talks
A visit could provide a tailwind to Prime Minister Shigeru Ishiba's ruling coalition ahead of this summer's Upper House election, observers said.
A Honda vehicle is assembled at a plant in Lincoln, Alabama. Despite concerns about U.S. President Donald Trump's economic policies, around half of Japanese firms remain committed to the American market, according to a recent survey.
COMMENTARY / Japan / Geoeconomic Briefing
May 2, 2025
Japan Inc. cautiously optimistic despite rising uncertainty
Trump's economic policies and geopolitical risks are front of mind for many Japanese companies. But many remain committed to staying in the U.S. and China, says a recent survey.
"It does exist as a card,” said Kato, speaking on a TV Tokyo program Friday, when asked if Japan’s stance of not selling U.S. Treasury holdings could be a negotiation tool.
BUSINESS / Economy
May 2, 2025
Japan’s Kato says U.S. Treasury holdings could be negotiation card
The comments come amid negotiations between Japan and the U.S. after President Donald Trump ramped up his global tariff campaign.
The economic fallout from the U.S.-China confrontation may be giving new momentum to efforts to bring both sides to the negotiating table.
ASIA PACIFIC / Politics
May 2, 2025
China says it’s assessing U.S. talks, hinting at possible thaw
U.S. President Donald Trump has repeatedly said Chinese President Xi Jinping needs to contact him in order to begin tariff talks.
Most Japanese teens struggling with school find end of summer ‘painful’
Some 93.1% of Japanese teenagers who struggle with school life said they felt like they “wanted to disappear from the world" at the end of summer vacation ahead of the start of a new term, according to a recent survey released by Yokohama-based nonprofit Daisan Kazoku.
Philippine bid to acquire used Japanese warships gains steam
Tokyo is looking to transfer Abukuma-class vessels to the Philippines as part of broader efforts to boost the defense capabilities of like-minded neighbors amid growing Chinese military assertiveness in the region.
Mitsubishi’s wind-power retreat a blow to Japan's alternative-energy goals
Wind turbines in the town of Happo in Akita prefecture. Wind power is a key part of Japan's alternative energy drive.
Can anime carry the memories of World War II?
Many schools in Japan show "Grave of the Fireflies" as educational material to tell the emotionally grueling story of a boy who has no means to prevent his sister from starving to death.
Akazawa's trip to Washington for tariff talks abruptly canceled
Ryosei Akazawa, Japan's chief tariff negotiator, had been set to fly to Washington on Thursday.
Japan to launch broad review of immigration policies amid rise in foreign nationals
Foreign tourists at Narita Airport in June. A report released Friday stresses that Japan is at a turning point and that current ad-hoc measures on immigration are no longer sufficient.
YouTube Music Weekend is where Japan’s internet-born performers go global
Headlining the second day of YouTube Music Weekend is Vocaloid artist Kikuo, who, with 1.46 million YouTube subscribers, is one of the most popular artists in the genre.
Japan looks to build drone ‘shield’ in record defense budget request
A group of Ground Self-Defense Force service members discuss drone operations and capabilities at a joint static display during the Orient Shield 24 opening ceremony at the Yausubetsu Training Area in Hokkaido in July last year.
Can anime carry the memories of World War II?
Many schools in Japan show "Grave of the Fireflies" as educational material to tell the emotionally grueling story of a boy who has no means to prevent his sister from starving to death.
Jesse Kirkwood: ‘Languages are entire cultural universes with all sorts of baggage’
Jesse Kirkwood is part of a vibrant field of translators who have nurtured what might be called a “post-Murakami era of Japanese literature and translation,” one book at a time.

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