Japan is considering a ¡°speedy¡± but as yet undetermined response following the shock announcement that the United States not only included it in a list of countries targeted with new tariffs but also levied on it a surprising 24% rate.

¡°This requires a careful, yet bold and speedy approach,¡± trade minister Yoji Muto said of the government¡¯s response to the newly announced tariffs. ¡°Therefore, I believe it is crucial that we make a calm and rational judgment on this matter,¡±

Retaliation measures are within the scope of consideration, but the government needs to move carefully to determine the best course of action, Muto added.