Challenges remain for Japan despite trade agreement

Despite the trade deal with the United States slashing the tariff rate for Japan to 15 percent, the so-called reciprocal trade agreement may pose challenges to the Japanese economy while favoring the US in exports and investment, according to analysts.

US President Donald Trump and Japanese Prime Minister Shigeru Ishiba announced that the two countries have reached a trade agreement to reduce the tariff rate from 25 percent to 15 percent.

In a post on Truth Social on Tuesday night, Trump wrote, "We just completed a massive deal with Japan, perhaps the largest deal ever made."