The embattled prime minister said he would remain in office to oversee tariff talks with the United States and other pressing matters.

Japan's embattled prime minister Shigeru Ishiba, fresh off a crushing defeat in upper house elections over the weekend, will not be in a position of strength to negotiate a favorable trade deal with the U.S., analysts said.

Japanese Prime Minister Shigeru Ishiba sought to buy time in office following a second election setback in less than a year. But whether he stays days, weeks or even months, Sunday’s vote made clear that his Liberal Democratic Party needs an overhaul to stay relevant.

Japanese Prime Minister Shigeru Ishiba on Monday stressed the need to establish a common understanding among parties on the pros and cons of cutting the country's sales tax rate.

World markets are mixed after U.S. stock indexes hit new records. Oil prices fell and U.S. futures were little changed.

Internal rivals and a resurgent nationalist right are jeopardising Prime Minister Shigeru Ishiba's already precarious position With his grasp on power slipping, Japan's Prime Minister Shigeru Ishiba has vowed to remain in office despite a stinging electoral rebuke that plunged his ruling coalition into fresh turmoil.