- PM Ishiba indicates the possibility of buying more American energy.
- Finmines to interact on currency policy with US Treasury Officer,
- Rule using cut American Treasury Holdings as bargaining equipment.
Tokyo: Japanese Prime Minister Shigru Ishiba has said that his country will emphasize “fairness” in any discussion on exchange rates with the administration of US President Donald Trump as bilateral trade talks attract global attention among the tariff invasive of Washington’s tariff invasive.
Ishiba, at a talk show on public broadcaster NHKIt was indicated that Tokyo may buy more American energy and suggest American flexibility on allegations of non-tariff barriers in the Japanese automobile market.
Trump-who unexpectedly joined the first round of the US-Japanese talks on Wednesday and has faced “big progress”-he has indicated that the conversation would include his allegations that Tokyo deliberately weakens his currency to give his exporters unfair advantage.
Ishiba said that the currency policy will be discussed between Finance Minister Katsunobu Kato and Treasury Secretary Scott Besant.
Issaba said, “We will have to deal with the issue from the point of view of fairness,” when asked if the US sought cooperation in promoting Yen, how would Japan reply. He was not detailed.
Japan, who refuses to manipulate the yen, has fought to keep a strong yen from damaging its export-silver economy over the years, but it finally intervened to promote its currency in the foreign exchange market last year.
Kato has traveled to Washington this week, for a group of 20 finance heads on the occasion of the spring meeting of the International Monetary Fund (IMF). They are expected to meet widely for bilateral trade talks.
US energy imports
Some analysts say that Japan may use its huge American Treasury Holdings – more than the largest $ 1 trillion in the world – as a trade leverage, but this month cuto refused to use him as a bargaining tool.
“This is something that is based on the confidence between the two sides, the global economic stability, as well as the economic stability of the two countries,” Ishq said whether Japan would mention his American debt holdings during the talks.
Trump hit Japan in the US with a 24% tariff on his exports, although most of Trump’s levy, he has been stopped by early July. The 10% universal rate remains in place, as is 25% duty on cars, the mainstay of Japan’s export-antique economy.
Nikkei Asia reported on Sunday that Japan is considering relaxing auto safety rules for imports as part of its tariff dialogue with US Washington, complaining for a long time that Japanese safety rules are a non-tariff barrier, while Japanese and many experts say that Detroit vehicle manufacturers are not compatible with Japan’s roads and drivers.
Asked about such allegations, ISHIBA said that there were differences in the US and Japanese traffic and safety rules that should be taken into consideration. “But we also need to ensure that we (security) rules are not unfair.”
He indicated an readiness to pledge large Japanese investment in the US, especially in the field of energy.
He said, “For liquefied natural gas, Australia is the largest exporter to Japan.
