⌨Japanese media maintained its strong focus on the global reverberations of US trade policies. Early reports emphasized world economies reeling from President Trump's tariffs, with initial assessments pointing to gains for the UK and Trump, and losses for South Korea.
As the day progressed, specific details emerged, notably the shock of a 39% US tariff on Switzerland and "punitive" measures targeting Brazil and Canada. This international trade narrative was intertwined with US domestic developments, including the President's order to dismiss the Bureau of Labor Statistics chief, a move potentially linked to recent employment statistics.
Domestically, ongoing concerns about Prime Minister Ishiba's precarious political base remained a consistent, albeit secondary, storyline. A new, prominent domestic theme also developed, highlighting the severe summer drought and persistent extreme heat across Japan, requiring public vigilance. Toyota's strategic shift in supply chains was also noted amidst the evolving global trade landscape.