The key Washington ally is subject to the same 10 percent baseline tariffs imposed by President Donald Trump on most nations plus steeper levies on cars, steel and aluminium.
“We will provide full support for small and medium-sized enterprises affected by the US tariffs,“ Hayashi told a news conference.
Japan wants all Trump's levies on its exports to the United States lifted, with the government's tariffs envoy expected to return to Washington this week for a fourth round of talks.
Trump's 25 percent auto tariffs are particularly painful for Tokyo, with roughly eight percent of all Japanese jobs tied to the sector.
The government also said Tuesday that it will spend 288 billion yen to help families deal with surging electricity and gas prices in the three months to September, when air conditioning demand will surge to fight sweltering heat.
The government also plans to increase funds for special grants so that entities such as hospitals and small businesses can deal with energy costs that may fall outside the existing assistance programmes.
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