President Donald Trump's tariff strategy seems to be yielding positive results in Japan. The country's export to the U.S. has dwindled, prompting Japanese firms to ramp up production in their U.S.-based subsidiaries.

Japan's tariff negotiator said the US would reduce tariffs on Japanese goods by September 16. The tariff rate for goods from Japan is now 15%.

The Bank of Japan ((BOJ)) said that it is keeping the door open for further interest rate hikes, according to a Summary of Opinions released following its September meeting. Policymakers stressed they

The US will begin formally implementing a lower 15% tariff rate on imports of automobiles and auto parts from Japan as of Tuesday morning, according to the Trump administration, in line with a trade deal between the two economies.

Japan’s outgoing prime minister and his South Korean counterpart underscored the need to strengthen cooperation between their nations, as U.S. President Donald Trump’s transactional approach to allies and trade wars are bringing the often-feuding Asian neighbors closer.

TOKYO--Japan's industrial output fell again in August due to tariff impact, but companies expect a rebound in the following months. Industrial production dropped 1.2% in August from the previous month, compared with the 1.2% fall in July, according to data released by the Ministry of Economy, Trade and Industry on Tuesday.

China said there are no winners in trade wars as it reacted to U.S. President Donald Trump's new and rising import tariffs on softwood lumber, upholstered furniture, and kitchen cabinets and vanities.

Japan's factory output fell more than expected while retail sales declined for the first time in over three years in August, government data showed, heightening uncertainties about the economic outlook.