TOKYO (AP) — Japanese Prime Minister Shigeru Ishiba said Monday he will stay in office to tackle challenges such as rising prices and high U.S. tariffs after a weekend election defeat left his coalition with a minority in both parliamentary chambers.

The embattled prime minister said he would remain in office to oversee tariff talks with the United States and other pressing matters.

The LDP lost its majority in the lower house when Ishiba called a snap general election last October. The LDP has not been in a minority position in both houses simultaneously since its foundation in 1955.