Japanese Prime Minister Shiger Ishiba allegedly tied his political future with the result of tariffs, although US President Donald Trump announced that an agreement had been concluded with Japan. According to Yomiuri on Wednesday, Ishiba will decide whether to stay in the office as soon as the fate of business conversations is clear.
Meanwhile, Mainichi’s newspapers said that Japanese Prime Minister Shiger Ishiba is expected to announce his resignation by the end of August.
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Donald Trump announces a “massive” business agreement with Japan
President Donald Trump announced on Tuesday evening a long -awaited business agreement with Japan, a framework between allies and the main business partners who appeared inexplicable a few weeks ago.
In the Social Truth, the US President Donald Trump said he had just completed the “massive” agreement with Japan, which included investments in the United States of $ 550 billion.
“We have just completed a massive agreement with Japan, perhaps the biggest agreement it has ever concluded,” Trump said on Truth Social.
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Under the agreement, US importers will pay 15% of “mutual” tariffs to Japanese goods balanced to the United States. Japan also invests $ 550 billion in the United States, the president said.
Trump added that the US “receives 90% of profits”. It did not determine how these investments would work or how profits would be calculated. No official term sheet was published.
“This agreement will create hundreds of thousands of jobs – never has been similar. Perhaps the most important thing is that Japan will open its country of trade, including cars and trucks, rice and some other agricultural products and other things. Japan will pay 15%reciprocal tariffs,” Trump said.
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What did the Japanese be sent by Ishiba?
After Donald Trump’s announcement, Prime Minister Shiger Ishiba expressed his readiness to meet or speak by phone with Trump after receiving a briefing on details of the Japanese best business negotiator Ryosei Akazawa, who is currently in Washington for business discussions.
Ishiba told reporters, “I can’t say until I investigate the result of the agreement:“ If the question of how the agreement with Washington could affect his decision to resign.
Yomiuri reported that Ishiba intends to visit the United States by the end of July to interview President Trump. The main negotiator of Japan Akazawa deals with the eighth round of interviews in the US.
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In explaining his residence decision and Ishiba, I Ishib emphasized the need to avoid creating a political vacuum because Japan faced challenges, including difficult business negotiations with the US that would have a huge impact on the export economy.
“I will stay in the office and do everything I can to map the way to solve these challenges,” Ishiba said at a press conference on Monday, adding that he intended to speak directly with Trump as soon as possible and bring tangible results.
Ishiba is expected to meet the ruling party on Wednesday for discussions about the outcome of the elections on Wednesday.
The recent elections in the upper chamber in Japan, which took place on Sunday, significantly weakened Ishibin’s domestic position. Although the Prime Minister quoted business interviews as a reason why he wanted to stay in office, the conclusion of an agreement with the US seems to be likely to prepare a way for his resignation after a historical electoral defeat.
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Shiger Ishiba Faces Montting Opposition
After the loss of the elections, the support of Shiger Ishiba’s administration has been involved in a great survey that shows its level of approval slightly above 20%, which was historically considered dangerously low to continue the administration.
Ishiba faces a growing opposition from his liberal democratic party to keep his promise in power despite the bruising defeat of the ruling coalition in the Sunday election elections.
According to Yomiuri Ishib on Tuesday evening, he told his loved ones to explain how he would take responsibility for the loss of elections as soon as the solution to deal with business negotiations.
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Us on business interviews with Japan
Before Donald Trump’s declaration of 15% Tarrif agreed with Japan, US Finance Minister Scott Bessnt suggested that both parties could approach the agreement. Interviews “goes very well”, Bessen said on Tuesday about Fox Business, adding that the historical election loss for Ishiba “gave them a bit of a initiative to do things in the next few months”.
“They really came to the table,” Bessnt said. “I wouldn’t be surprised if we were able to iron something with Japan quite quickly.”
(Tagstotranslate) Shiger Ishiba
