Japanese Prime Minister Shigeru Ishiba on Monday stressed the need to establish a common understanding among parties on the pros and cons of cutting the country's sales tax rate.

A slight easing in consumer inflation is welcome news for the Japanese central bank, but stubbornly high food prices will be of concern for policymakers.

Japan's core inflation cooled to 3.3% in June, coming down from a 29-month high of 3.7% as food inflation showed signs of easing. The figure — which strips out costs for fresh food — was in line with the 3.3% expected by economists polled by Reuters.

Japanese Prime Minister Shigeru Ishiba clung on Monday even after his coalition suffered what he called an "extremely regrettable" election result, as painful new US tariffs loom.

Voter backlash over inflation lifted the 'Japanese first' Sanseito, whose anti-globalist pitch echoed Donald Trump’s populist playbook.

Potential challengers include Sanae Takaichi, who came second to Ishiba in last year’s LDP leadership race; Takayuki Kobayashi, a former minister for economic security; and Shinjiro Koizumi, son of former Prime Minister Junichiro Koizumi.

Japan's leader Shigeru Ishiba faces mounting political pressure as his ruling coalition is set to lose its majority in the House of Councilors on Sunday.

Japan's June core inflation likely slowed but remained above the central bank's 2% target, a Reuters poll showed, keeping it under pressure to resume interest rate hikes as U.S. trade tariffs threaten an already fragile economy.

Japan’s ruling coalition is on track to lose its majority in the upper house, according to exit polls from Sunday’s election cited by Reuters. The development could spell heightened political instability just as the country nears a critical trade deadline with the United States.

Japanese voters head to polls in a crucial upper house election amidst concerns over inflation and immigration. The Liberal Democratic Party, led by Prime Minister Shigeru Ishiba, risks losing control,