在东京，日经225指数周一下跌550点，跌幅1.35%。信贷赛森（-6.80%）、Recruit Holdings（-5.06%）和TDK（-4.72%）领跌。

In Tokyo, the Nikkei 225 Index decreased 550 points or 1.35 percent on Monday. Losses were driven by Credit Saison (-6.80%), Recruit Holdings (-5.06%) and TDK (-4.72%).

赤泽表示，美日之间的贸易协定不是具有法律约束力的承诺。日本首席贸易谈判代表Ryosei Akazawa表示，美国和日本最近宣布的贸易协议不是具有法律约束力的承诺，这让人对协议的范围和可执行性产生了怀疑。

Akazawa, said trade agreement between the US & Japan is not a legally binding commitment.Japan's chief trade negotiator, Ryosei Akazawa, said the recently announced trade agreement between the United States and Japan is not a legally binding commitment, casting doubt on the scope and enforceability of the deal.

周一，日本10年期政府债券收益率下跌约5个基点，至1.5%左右，反映了7月份美国就业报告疲软后美国国债收益率的大幅下降。这些数据增强了人们对美联储9月份降息的预期，目前预计到年底将有超过63个基点的宽松政策。投资者还继续权衡唐纳德·特朗普总统全面报复性关税对全球增长和通胀的更广泛经济影响。在国内，市场正在等待日本央行最新政策会议的纪要，以寻找未来加息的线索。日本央行上周保持利率稳定，但上调了通胀预期，同时指出全球贸易紧张局势带来的风险加剧。

Japan’s 10-year government bond yield fell about 5 basis points to around 1.5% on Monday, mirroring a sharp drop in US Treasury yields after July’s weak US jobs report. The data reinforced expectations for a Federal Reserve rate cut in September, with over 63 basis points of easing now priced in by year-end. Investors also continued to weigh the broader economic impact of President Donald Trump’s sweeping retaliatory tariffs on global growth and inflation. Domestically, markets are awaiting minutes from the Bank of Japan’s latest policy meeting for clues on future rate hikes. The BOJ held rates steady last week but raised its inflation forecast, while flagging heightened risks from global trade tensions.

日本首相石破茂表示，政府准备编制一份额外预算，以减轻美国关税的经济影响，承认在其联盟最近在上议院选举中失利后，政治压力越来越大。周一，当被问及是否将减税纳入预算时，石破茂告诉议会：“如有必要，我们将编制一份，同时考虑到与其他政党的讨论。”。经济刺激方案可能会在9月的特别议会会议上提交。尽管日本最近与美国达成的贸易协议放宽了一些商品的关税，但汽车关税何时从25%降至15%仍存在不确定性。分析师预计，额外预算总额可能约为10万亿日元，这将增加日本已经创纪录的115.5万亿日元预算，并加剧财政压力。石叶对削减日本10%的销售税仍持谨慎态度，反对党希望降低销售税，以减轻食品价格上涨的负担，支持消费。

Japanese Prime Minister Shigeru Ishiba said the government is prepared to compile an extra budget to mitigate the economic impact of U.S. tariffs, acknowledging mounting political pressure after his coalition’s recent upper house election loss. “We will compile one if necessary, taking into account discussions with other parties,” Ishiba told parliament Monday when asked about including tax cuts in the budget. A stimulus package would likely be submitted during an extraordinary parliamentary session in September. While Japan’s recent trade deal with the U.S. eased tariffs on some goods, uncertainty remains over when auto tariffs will be reduced from 25% to 15%. Analysts expect the extra budget could total around JPY 10 trillion, adding to Japan’s already record JPY 115.5 trillion budget and worsening fiscal strain. Ishiba remains cautious about cutting Japan’s 10% sales tax, which opposition parties want lowered to ease the burden of rising food prices and support consumption.