<h1>Markets slip as political turmoil in Japan and legal challenge to presidential tariffs stoke trade, bond, and safe-haven shifts</h1> Asian markets fell after US equities dropped, driven by political uncertainty in Japan and legal and policy developments in the United States. Markets reacted to domestic political turmoil surrounding Japan's prime minister and a senior party official's resignation, and to a federal appeals court ruling that a presidential tariff proclamation exceeded executive authority while temporarily leaving the tariffs intact. Rising longer-term bond yields, tariff-driven trade uncertainty, and mixed US economic data pressured equities and lifted safe-haven gold. The ruling and tariff uncertainty may increase legal and fiscal risks and complicate central bank policy expectations.