Japan's Prime Minister Ishiba Shigeru has exchanged views with ruling and opposition party leaders on the country's tariff agreement with the United States.

Japanese Prime Minister Shigeru Ishiba denied reports he plans to announce his resignation over a historic defeat of his ruling party in a weekend election.

President Donald Trump reached a trade deal with Japan that will impose 15% tariffs on US imports from the country, including its auto sector, while creating a $550 billion fund backed by the Japanese to make investments in America.