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Preview
Japan trade negotiator Akazawa cancels US visit, Kyodo reports TOKYO (Reuters) -Japan’s top trade negotiator Ryosei Akazawa canceled a planned visit to the United States as there are some points that need to be addressed at a working level before ministerial talks, Kyodo news agency reported on Thursday. Akazawa initially planned to visit the U.S. on Thursday to craft a written confirmation of the financial details of the $550 billion U.S.-bound investment package, such as the split of returns between the U.S. and Japan. U.S. Commerce Secretary Howard Lutnick has also said there would be an announcement this week on Japan’s $550 billion investment. Washington and Tokyo agreed in July to set a reduced 15% tariff on imports from Japan in exchange for the package of U.S.-bound investment through government-backed loans and guarantees, but details of its contents remain obscure. Japanese officials have repeatedly said they would rather have an amended presidential executive order first to remove overlapping tariffs on Japanese goods before releasing a joint document on the investment details. The United States has agreed to amend the July 31 presidential order to ensure that a 15% levy agreed last month on Japanese imports was not stacked on goods, such as beef, that are subject to higher tariffs. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Successful investors know to check multiple angles before making their move. InvestingPro's three powerful features work together to give you that edge: ProPicks AI runs 80+ stock-picking strategies, including Tech Titans, which doubled the S&P 500's performance in just 18 months! Fair Value combines 17 proven valuation models to help you spot overpriced stocks and undervalued gems. And WarrenAI delivers instant insights on any stock. Ask questions, get vetted answers backed by real-time data (unlike ChatGPT). Our subscribers use all three to identify stocks before double-digit gains and avoid costly mistakes. But with 50% during our Summer Sale, even if you only use one of these features the value pays for itself. Sale ends soon—don't wait until prices go back up.

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Japan's top trade negotiator Akazawa, held two intense phone talks with Lutnick - Forexlive Japan's top trade negotiator Akazawa, held two intense phone talks with Lutnick  Forexlive http://dlvr.it/TLmW1l

Japan's top trade negotiator Akazawa, held two intense phone talks with Lutnick - Forexlive #Japan #TradeNegotiation #Akazawa #Lutnick #Forex

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Japan prime minister Ishiba: We have no intention to compromise on US tariffs This of course follows from Akazawa's visit to Washington last week. And by the looks of it, there wasn't any notable progress as seen in the aftermath here. So, Ishiba's comment only serves to reinforce that sentiment. Akazawa will again be heading to the US for talks later in the week. Tick tock, tick tock. 37 days to go. This article was written by Justin Low at www.forexlive.com.

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Japan’s economy minister Akazawa to head trade talks with US, FNN reports By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) - Japanese Prime Minister Shigeru Ishiba will nominate Economy Minister Ryosei Akazawa as trade negotiator with the United States, FNN television reported on Tuesday. Akazawa, during a press conference, said he was not aware of the report and has not been approached by the prime minister on the matter. The report emerged after Ishiba and U.S. President Donald Trump agreed to initiate bilateral discussions on tariffs in a telephone meeting on Monday. Trump has designated Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer to oversee trade negotiations with Japan, Bessent said on social media. "The fact the treasury secretary was appointed (to lead trade talks with Japan) may suggest the U.S. administration has a strong interest in areas he oversees," Akazawa said. Bilateral discussions on exchange-rate moves will continue to be managed by Japan’s finance minister and the U.S. treasury secretary, Japanese Finance Minister Katsunobu Kato said in a separate news conference on Tuesday. Bessent’s appointment as the head of U.S. trade talks with Japan has heightened speculation among some investors that Washington may pressure Tokyo to help weaken the dollar against the yen, as part of a deal to reduce U.S. tariffs on Japan. A weaker dollar could enhance U.S. exports, while a firmer yen might help moderate rising import costs that have hurt Japanese consumers, some analysts say. "Pressure from Trump, coupled with the Japanese government’s intention to prop up the yen against the dollar, could have an influence on the likelihood of further interest rate hikes by the Bank of Japan," Yasunari Ueno, chief market economist at Mizuho Securities, wrote in a research note. The BOJ raised interest rates to 0.5% in January and its officials have signaled their readiness to hike rates further if Japan makes progress toward durably achieving its 2% inflation target, or if the risk of excessively high inflation materialises. In a meeting with key ministers to discuss Japan’s approach on U.S. tariffs held earlier on Tuesday, Ishiba stressed the need to scrutinise investors’ behaviour due to unstable movements in the global financial market, Akazawa said. "I won’t comment on the yen’s recent rise, though in general, import prices fall when the yen strengthens," Akazawa said, when asked about the yen’s recent rebound against the dollar.

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