The Latest Breaking News from Ryosei Akazawa

Japanese Prime Minsiter Shigeru Ishiba has showed a determination to defend rules-based free and multilateral trade systems and take a leadership role to expand the Asia-Pacific trade group at a time of deepening tensions and divisions over U.S. tariff and trade wars

June S&P 500 E-Mini futures (ESM25) are down -0.05%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.09% this morning as concerns remain about the U.S. fiscal outlook after President Donald Trump’s signature tax bill narrowly passed the House of Representatives on Thursday.

Tokyo's tariffs envoy departed Wednesday for a second round of negotiations in Washington, where Japan could offer concessions such as tweaking vehicle import procedures to secure relief from Donald Trump's trade levies.

Package includes support for corporate financing, and subsidies for petrol prices and electricity bills.

Investors are also eyeing developments at the Federal Reserve as Trump hit out at boss Jerome Powell, who warned the sweeping tariffs were "highly likely to generate at least a temporary rise in inflation".

June S&P 500 E-Mini futures (ESM25) are up +0.59%, and June Nasdaq 100 E-Mini futures (NQM25) are up +1.02% this morning as positive signals from the first round of U.S.-Japan trade talks boosted sentiment.

Japan is a major test of whether the Trump administration can turn its “Liberation Day” shock into real trade deals.

President lashes out at Fed chair as European Central Bank moves to cut interest rates, saying he’s ‘always too late and wrong’

Japan’s PM says there are still gaps between the two countries’ stances