Japan PM Ishiba signals intent to stay on despite calls to quit
TOKYO: Japanese Prime Minister Shigeru Ishiba signaled he intends to stay in office despite a growing number of calls within the ruling party for him to step down after an election setback last week.
"I intend to devote myself to the people and the future of the country,' Ishiba said in an interview with national broadcaster NHK. He added he must take responsibility for implementing the recently announced US-Japan trade deal, and that the real work on it starts now.
He is set to speak at a meeting of Liberal Democratic Party lawmakers on Monday (July 28). Party members have been calling on someone to take responsibility for the July 20 elections that saw the LDP lose its majority in Japan's upper house elections. It marks the first time since 1955 that a leader from the storied Japanese party will govern the country without a majority in at least one of the legislative bodies.
Former foreign minister Toshimitsu Motegi called for a leadership change within the LDP on his Youtube channel over the weekend. The party needs a "fresh start with a new leader,' he said.
Local media reported last week that Ishiba was set to resign, but the prime minister denied the news shortly afterward. Asked by NHK if he had second thoughts about his decision to continue in office, Ishiba said no.
While pressure mounted on Ishiba last week, a relatively favourable trade deal for Japan was announced with the US, including the lowering of across-the-board tariffs to 15 from 25 per cent. The deal could offer Ishiba a mark of success that he can leverage to shore up his leadership.
A Mainichi newspaper opinion poll conducted July 26-27 after the election defeat showed support for Ishiba's cabinet rose five percentage points to 29 per cent, compared with a month ago. The most number of respondents also ranked Ishiba as the most suitable person to be prime minister, citing the US tariff issues. - Bloomberg
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The Star
6 minutes ago
- The Star
Washington trade talks with India have stalled, sources say
US-India trade talks appear to have stalled, according to two sources familiar with the matter, as both sides remain unwilling to compromise on opening India's agriculture and dairy markets to US products. Before US President Donald Trump announced on Wednesday that he would impose 25 per cent tariffs on imports from the country, the Indian side was expected to visit. However, Indian negotiators will not be coming to Washington in mid-August as a planned follow-up to their previous meeting about two weeks ago, according to one person familiar with the issue. A scheduled trip by the US Trade Representative Jameison Greer to New Delhi later in the month also appears unlikely if the two sides do not reach a consensus on market access. The apparent setback follows five rounds of negotiations between April and July after Trump threatened India with 26 per cent so-called reciprocal tariffs on April 2. Adopting a harsh tone on India in a social media post on Thursday, Trump called the Indian economy 'dead', saying, 'we have done very little business' with the South Asian country because of 'too high' tariffs. 'I don't care what India does with Russia. They can take their dead economies down together, for all I care,' he wrote, referring to India's import of Russian oil and defence equipment. On Wednesday, he threatened a 'penalty' on India for buying Russian oil and defence equipment without making it clear what that penalty could be. India's agricultural sector supports the livelihoods of roughly 42 per cent of the country's population, making Trump's demand for access politically risky for Prime Minister Narendra Modi and ratcheting up tension between Washington and the world's most populous country. One of the sources said the mood in New Delhi felt 'bitter', while both sources said the US negotiators have remained firm in demanding a 'complete' opening of the Indian market, an approach India has rejected to protect its domestic industries and farmers. Last week, another person familiar with the matter had described the talks as a 'total mess' behind the scenes, adding that agriculture was a political no-go zone for Modi's government. US Treasury Secretary Scott Bessent on Thursday told CNBC that 'the whole trade team has been frustrated' with India, saying the country has not been a 'great global actor'. 'India's red lines on agriculture and dairy are probably inviolable,' according to Rick Rossow, chair in US-India Policy Studies at the Center for Strategic and International Studies, a Washington think tank. If the US demands that these areas be opened as part of any deal, he said, 'we may never conclude an agreement'. According to Rossow, Greer will only make the trip to New Delhi 'if there is a realistic chance of resolving any pending issues in the deal". 'If it looks like an empty trip – circling the drain on the last issues without hope of a breakthrough – the visit might be cancelled,' he said. One source said India wants its recent free trade agreement with Britain, which opened British markets to Indian agricultural and textile products, among others, to serve as a model for a deal with the US. Meanwhile, the US side views its recent trade agreement with South Korea, which Trump claimed opened Korean agricultural markets to American goods, as the kind of access it expects from New Delhi. Another source familiar with the thinking on the US side said that Trump has also been keen on some headline-worthy announcements that include big investments or significant energy and defense purchases. Rossow said he suspects that a Phase 1 deal will 'not vary dramatically from the other deals India has signed.' He added that India seemed 'willing to commit to some big announcements in terms of investment and government-directed purchases in areas like hydrocarbons.' 'With President Trump's characterisation of Prime Minister Modi as the 'tariff king' paired with the enormous size of the Indian market, the deal itself will be big news – if and when it's concluded,' Rossow said. India's membership in Brics, a bloc of emerging Global South economies, and Trump's closeness with Pakistan have also become irritants in the US-India relationship. Hours after announcing new tariffs on India, the US president said his team had reached a deal with Islamabad and criticised New Delhi's active role in Brics. 'Brics, which is basically a group of countries that are anti-the United States, and India is a member of that if you can believe it ... It is an attack on the dollar and we are not going to let anybody attack the dollar. So it's partially Brics and it's partially trade,' Trump told reporters on Wednesday. On the other hand, the deal with Pakistan, according to Trump, allows the two countries to 'work together on developing their massive oil reserves'. As per an executive order signed by Trump on Thursday, a 19 per cent tariff will be imposed on imports from Pakistan. The US is one of Pakistan's top export destinations. India's arch-rival sold over US$5 billion worth of goods to the US last year and imported about US$2.1 billion. In June, Pakistan's army chief, Field Marshal Asim Munir, met with Trump at the White House. He offered Pakistan's support in such sectors as crypto and critical minerals. 'India is still an important partner for the United States and vice versa; a success on the trade talks would have been a strategic win, especially under the complex regional circumstances, but all is not lost yet,' according to Farwa Aamer, director of South Asia Initiatives at the Asia Society Policy Institute. New Delhi is 'cautious but committed', she said. 'As deals come through with its neighbours and competitors, it may just provide it enough impetus to make bold moves and accelerate progress on negotiations on a more comprehensive deal while weathering the temporary storm,' she said. - SOUTH CHINA MORNING POST
Malay Mail
36 minutes ago
- Malay Mail
Bursa eyes higher ground next week on US tariff boost, 13MP momentum
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Hype Malaysia
41 minutes ago
- Hype Malaysia
vivo Launch, Furla Preview, Tokyo Street Anniversary & More: Dope Events We Hit Up This Week!
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Watch Hype's Exclusive Reel: LaLaport BBCC's Newly-Opened Stores & Mitsui Outlet Park BBCC Preview LaLaport BBCC provided a glimpse of the upcoming Mitsui Outlet Park BBCC – Malaysia's first city-centre outlet concept store. This urban outlet experience will feature over 30 premium brands, including international sports and athleisure labels, comfortable everyday wear, chic accessories, and versatile lifestyle essentials. In conjunction with the opening of Mitsui Outlet Park BBCC, the shopping centre will also welcome five Japanese brands: REGAL, known for its premium leather footwear; GLOBAL WORK, offering Japanese lifestyle fashion; earth music&ecology, recognised for its natural and feminine aesthetic; Over Print, a streetwear label featuring limited-edition graphic art designs; and 3COINS, a popular lifestyle and homeware brand. Watch Hype's Exclusive Reel: Bouquet Garni Debuts In Malaysia With Guardian South Korea's popular lifestyle and body care brand, Bouquet Garni, has officially launched in Malaysia, debuting its flagship body wash collection in over 290 Guardian stores nationwide. Renowned for its moisturising botanicals and French-inspired scents, the brand now offers Malaysian customers bestsellers like White Musk, Cherry Blossom, Ylang Ylang, and Baby Powder. Exclusively distributed through Guardian Malaysia, Bouquet Garni plans to expand its range to include lotions, mists, scrubs, shampoos, and hair treatments. The Bouquet Garni body wash line is now available exclusively in all Guardian stores nationwide. Watch Hype's Exclusive Reel: REDLINE Fitness Games by Nissan @ MIECC The games may be done, but the road to fitness never ends! We were at the REDLINE Fitness Games at the Mines International Exhibition & Convention Centre, where fitness freaks go all-out for the gold! The special event, hosted by Nissan, saw athletes from all over the world battle it out in an intense multi-course race that showcased what peak physical performance looks like! Check them out here: Watch Hype's Exclusive Reel: Secret Recipe x Bichi Mao – A Crossover We Never Thought We Needed If things can't get sweeter, then why not go a little cuter? This was the question we asked ourselves at the recent Secret Recipe x Bichi Mao collab event. In celebration of National Day, Malaysia Day, and the 28th anniversary of Secret Recipe, Malaysia's most cherished cake café chain announced its largest joint venture of the year. In order to reward their new and devoted customers, both brands will be launching a limited-edition Secret Recipe x Bichi Mao merchandise line in collaboration with their in-house character IP, Bichi Mao. Selected Secret Recipe locations across the country will also undergo makeovers with a Bichi Mao theme from 15th August to 15th November, 2025. During this time, customers will be able to create their own 'sweet mao-moments' with loved ones and receive exclusive surprises and collectibles. Watch Hype's Exclusive Reel:
