FX.co ★ Japan Prime Minister Ishiba Vows to Stay After U.S. Tariff Deal

Japanese Prime Minister Shigeru Ishiba has reiterated his determination to continue in his role following the completion of a U.S. trade agreement that reduces automotive tariffs, dismissing any rumors that this development might lead to his departure. "There's absolutely no connection," Ishiba assured reporters in Tokyo on Friday. This statement came after President Trump signed an executive order establishing a maximum 25% tariff on most Japanese imports, including vehicles and auto parts. The signing concluded several weeks of negotiations, during which Japan had been advocating for the deal's completion since July. Previously, Ishiba had mentioned the enactment of the trade agreement as a rationale for his ongoing tenure, sparking conjecture that its conclusion might indicate his stepping down. He is now facing a crucial vote within the ruling party on Monday, which will decide whether to move forward with a leadership challenge, amidst escalating pressure from Liberal Democratic Party members who are calling for his resignation after the party failed to maintain its coalition majority in both legislative chambers.