Japan’s Ishiba Calls Tariffs ‘National Crisis’ as Markets Spasm

Japanese Prime Minister Shigeru Ishiba said he would seek a meeting with President Donald Trump to tackle what he called a “national crisis” over US tariffs that caused a Friday slump in stocks and bond yields amid a darkening growth outlook.

The shockwave fromTrump’s announcement of a 24% across-the-board tariff on Japanese imports also prompted Bank of Japan Governor Kazuo Ueda and his deputy to try and convey relative calm as economists pared their forecasts for economic growth.

Shigeru Ishiba

Photographer: Nicolas Datiche/Sipa/Bloomberg

“This is a situation that should be called a national crisis,” Ishiba said in parliament, adding that the government ...