Japanese Prime Minister Shiger Ishiba still sees distance with the US in terms of business conversations, according to the leader of the opposition party who has encountered a leader to discuss US tariffs.
Ishiba is expected to meet US President Donald Trump on the edge of a group of seven leaders who have gathered in Canada since Sunday. Before this potentially key meeting, the Prime Minister gathered with the opposition party leaders on Thursday to gain his thoughts on American benefits.
In an interview with reporters after the assembly, the co -founder of the Japanese Innovation Party, Seiji Maahar, said Ishiba said there was a large gap between American and Japanese attitudes and that he did not mean a specific time -time when both parties could agree.
“If progress happens before I meet the President, it is good in itself,” Ishiba told journalists in Tokyo Thursday. “However, it is important to achieve an agreement that is beneficial for both Japan and for the US. We will not endanger the interests of Japan by prioritizing a quick agreement.”
The upcoming assembly of the Summit in Canada is considered a potential moment for Japan and the US to achieve some agreements after two months back and forth. It cannot reach any kind of agreement that Ishiba could deteriorate in the next month before the national elections, as tariffs threaten to push the Japanese economy into the technical recession.
Maehara and Yuichiro Tamaki, head of the Democratic Party for People, said Ishiba also mentioned that the US and Japan were discussing Japanese American cash stays without elaborating details. Tamaki said Ishiba that Japan could help us stabilize with reinvesting US bonds-concretely by purchasing longer-term bonds when current tenure ripens.
Japan remains the largest foreign holder of American state treasures. In early May, the remarks of the Finance Minister Kato, which indicated that US cash registers could be used as a negotiating tool, attracted a great market interest, but later seemed to return these comments and especially the idea that Japan could use US treasures.
Trump increases pressure
While the leaders of the Japanese parties continued to discuss the impact of tariffs, Trump seems to increase pressure.
The US President said he intended to send letters to traders in the next one to two weeks and set one -sided tariff rates before 9 July to re -state higher duties for dozens of economies. For Japan, the on -board tariff will increase to 24% of 10% on the day that concludes the agreement.
The Asian nation seeks to earn retaliation of 25% of the car tariff and parts of cars and 50% denial on steel and aluminum. The highest negotiator of Ishiba Ryosei Akazawa is expected to travel to North America at the end of this week for the sixth round of negotiations with its counterparts.
Yet, in another debate with the leaders of the opposition party, which took place on Wednesday in parliament, Ishiba indicated how quickly the situation could change.
“The final decision is made by the president. There are many cases where the agreement is sealed in this last moment,” Ishiba said as he asked the leader of the largest opposition party how far along business interviews. “There is no doubt that interviews are proceeding.”
(Tagstotranslate) Japan USA Trade Talk
