- PM ishiba suggests the possibility of buying more energy in the United States.
- Finmin conduct conversations about the currency policy with United States Treasury Officer.
- Kato is discarded using Treasury of the United States as a negotiation tool.
Tokyo: Japanese prime minister, Shigeru Ihiba, has said that his country will emphasize “equity” in any discussion with the administration of the president of the United States, Donald Trump, about exchange rates, since bilateral commercial conversations will capture global attention in the middle of the Washington offensive rate.
Isthiba, in a public broadcasters interview program NHKHe indicated that Tokyo could buy more energy in the United States and suggest flexibility in the accusations of the United States.
Trump, who unexpectedly joined the first round of US-Japan conversations on Wednesday and promoted “great progress,” he said he wants negotiations to include his accusations that Tokyo weakens intentionally to his currency to give his exporters an unfair advantage.
Ishiba said that specific discussions will be made on the currency policy between Finance Minister Katsunobu Kato and Treasury Secretary Scott Besent.
“We will have to deal with this problem from the point of view of equity,” said Ishiba, when he was asked how Japan would respond if the United States requested cooperation to boost Yen. He did not elaborate.
Japan, who denies manipulating the Yen, over the years has generally struggled to prevent a strong and hurt his economy related to export, but for the last time he intervened in the currency market last year to boost his currency.
Kato plans to visit Washington this week for a group of 20 finance leaders outside the spring meeting of the International Monetary Fund (IMF). It is expected to meet Besent for bilateral commercial conversations.
US energy imports.
Some analysts say that Japan could use their huge treasure holdings in the United States, the largest in the world with more than $ 1 billion, as commercial leverage, but Kato this month ruled out the use of the use of a negotiation tool.
“This is something that is based on confidence between the two parties, global economic stability, as well as the economic stability of the two countries,” Istiba said when asked if Japan would refer to their debt holdings from the United States during conversations.
Trump has hit Japan with 24% of tariffs in its exports to the United States, although, like most Trump's taxes, they have stopped until the beginning of July. It is still a universal rate of 10%, as well as a 25% duty in cars, a pillar of the sports economy of Japan.
Nikkei Asia reported on Sunday that Japan is considering relaxing the cars security rules for imports as part of their tariff negotiations with the United States that Washington has complained for a long time that Japanese safety rules are a non -tariff barrier, while Japan and many experts say that Detroit cars do not make cars suit Japan drivers.
When asked about such accusations, Iliba said there were differences in the US safety and traffic rules. And Japanese that must be taken into account. “But we must also ensure that they don't tell us that our rules (security) are unfair.”
He pointed out a willingness to promise a larger Japanese investment in the United States, particularly in the energy area.
“As for liquefied natural gas, Australia is the largest exporter in Japan. I think that the United States is in fourth place. We may have this increase. The question is if the United States can deliver [energy] Stable, “he said.
