Japan's Prime Minister Shigeru Ishiba, wearing a formal attire, walks toward the upper house hall to attend an opening ceremony of the parliamentary session in Tokyo, Japan August 1, 2025. REUTERS/Issei Kato/File Photo
TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Monday the government is ready to compile an extra budget to cushion the economic blow from U.S. tariffs, a move that would add strain to the country's already worsening finances.
After suffering a stinging defeat in last month's upper house election, Ishiba's minority coalition is under pressure to heed opposition parties' demand to boost spending and cut Japan's sales tax.
