Japan has refrained from talk of striking back at U.S. tariffs. Trade experts say that is because its inflation-strained economy limits its options.

New U.S. tariffs announced by President Donald Trump may delay, but likely won't derail, the Bank of Japan's plan to raise interest rates further as policymakers seek to avoid renewed yen falls that would worsen inflationary pressures.

US President Donald Trump's tariffs on Japanese goods are a "national crisis", Prime Minister Shigeru Ishiba said Friday ahead of cross-party talks on mitigating the impact. The measures "can be called a national crisis and the government is doing its best with all parties" to lessen the impact,