With the tariff deal with the U.S. paving the way for his possible departure, Japanese media said Prime Minister Shigeru Ishiba is expected to soon announce plans to step down in August.

President Trump said on Tuesday that the US and Japan had reached a trade deal. “We just completed a massive Deal with Japan, perhaps the largest Deal ever made," Trump wrote in a Truth Social post. The president said the agreement includes a 15% tariff on imported goods from Japan,

The agreement - including a 15% tariff on all imported Japanese goods, down from a proposed 25% - is the most significant of the string of trade deals the White House has reached ahead of a August 1 deadline for higher levies to kick in.