Japanese Prime Minister Shigeru Ishiba refuted rumors about his resignation following a setback in the upper house election. With crucial trade talks with the U.S. in progress, he delayed any immediate decision.

Japanese Prime Minister Shigeru Ishiba, under growing pressure to step down over the historic loss of his ruling party in a weekend election, says he will decide on whether to resign after closely studying the tariff deal just struck with the United States.

Japanese Prime Minister Shigeru Ishiba plans to step down following a bruising upper house election defeat, a source told Reuters, as the embattled premier announced a long-sought trade deal with U.S.