The Bank of Japan increased interest rates on Friday to their highest in 17 years and signalled more hikes to come, sending the yen higher against the dollar.
US President Donald Trump said he would "rather not" impose tariffs on China, after repeated pledges on the campaign trail to hit America's biggest economic rival with hefty import levies.
Japan's Prime Minister Shigeru Ishiba stressed on Friday the importance of close ties with the United States for regional stability, as he seeks to arrange a meeting with President Donald Trump.