Ishiba Dispatches Akazawa to D.C.
Prime Minister Shigeru Ishiba on April 11th ordered the top negotiator over tariffs with the United States, Ryosei Akazawa, to start negotiation with Donald Trump administration. Akazawa is going to visit Washington D.C. on April 16th and have a meeting with his counterparts. While Ishiba established new inter-ministerial team dealing with Trump’s tariffs, it is still unclear what kind of strategy they will build up for the negotiation.
“I hope you to promote deliberate negotiation to achieve broad cooperation for the interest of both countries in this situation paralleled with a national crisis,” Ishiba told Akazawa in a meeting at Prime Minister’s Official Residence. Akazawa has been a closest ally of Ishiba for these twenty years, and was appointed one of the ministers of Ishiba Cabinet with firm personal confidence. “What I can’t quit is smoking and (relationship with) Akazawa,” Ishiba once said.
It is scheduled for Akazawa to leave Japan on April 16th and visit Washington D.C. for three days. He will hopefully have a meeting with U.S. Secretary of Treasury, Scott Bessent and U.S. Trade Representative Jamieson Greer. Bessent has saidthat Japan will be given priority in negotiations with foreign countries, because Japan “came forward very quickly.”
It is expected that Akazawa will talk with Bessent and Greer about various issues including non-tariff barrier of Japan, foreign exchange or agricultural products. Bessent has said that Japan’s non-tariff barriers are quite high. It is difficult, however, for Japanese government to loosen safety regulation for U.S. automobiles to be more affordable in Japan.
“He seems to mention non-tariff barriers and currency policy as among topics he’d like to discuss,” said Akazawa. Trump has expressed his frustration with Japan’s currency policy, saying “you can’t continue to reduce and break down your currency.” While negotiation over currency is supposed to be led by Minister of Finance, Katsunobu Kato, it is possible that Akazawa will talk about this issue with American counterparts.
“We feel like we could have more and better agricultural market access,” said Greer in prior to negotiation with Japan. Among the agricultural products from the U.S. to Japan, rice is currently focused on. As the staple food for the Japanese, rice is strictly controlled by the government in its trade inside Japan. The U.S. argues that Japan’s rice trade is not transparent and hard for foreign country to access. Although Japanese government is reluctant to open its rice market, current price hike of rice in Japan may increase demand of foreign rice.
Ishiba administration launched a taskforce on tariffs, co-headed by Akazawa and Chief Cabinet Secretary, Yoshimasa Hayashi. Their staffs consist of officers from Ministries of Foreign Affairs, Finance, or Economy, Trade and Industry. They are discussing how to deal with pressure from Trump administration to implement its America First foreign policy.
Trump reiterates his frustration on imbalance of responsibility on defending Japan. “We pay hundreds of billions of dollars to defend them, but…they don’t pay anything,” said Trump. It is possible that Trump administration will introduce security issue into the negotiation over tariff. But Japan is still looking for bargaining chips to counter U.S.
Comments
Post a Comment