Japanese PM Shigeru Ishiba Warns U.S. Tariffs May Disrupt Global Economy:

Japanese Prime Minister Shigeru Ishiba issued a strong statement on Monday, cautioning that recent U.S. tariff actions could destabilize the global economic order. This marks Ishiba's most direct warning about the broader consequences of President Donald Trump's trade policies.

Call for Constructive Engagement

While expressing concern, Ishiba emphasized Japan’s intention to seek cooperation with the United States. He stated that understanding both the reasoning and emotional motivations behind President Trump's stance is essential in finding common ground.

He told parliament that Japan would continue negotiations with the U.S. on trade and national security, noting the importance of building mutual understanding.

Preparedness for Economic Impact

Ishiba said the Japanese government does not currently plan to issue a supplementary budget. However, he confirmed that Japan is ready to implement timely measures to mitigate any economic impacts caused by the tariffs.

Focus on Upcoming Trade Talks

Bilateral trade discussions between Japan and the U.S. are set to begin Thursday. Topics will include tariffs, non-tariff barriers, and currency-related issues.

President Trump announced plans to reveal new tariffs on imported semiconductors in the coming week, further raising the stakes for these negotiations.

Currency Issues and Volatility

Japan's Economy Minister Ryosei Akazawa stated that discussions on currency rates would be handled by Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Bessent. Kato emphasized that both nations agree on the negative impact of excessive market volatility.