Japan Resists US Tariff Pressure Ahead of Key Trade Talks

Prime Minister Shigeru Ishiba affirms Japan will not rush into concessions as formal negotiations on tariffs, currency, and trade barriers are set to begin April 17 in Washington.

Japanese Prime Minister Shigeru Ishiba stated Japan will not make significant concessions or expedite a deal in response to US tariffs, emphasizing a measured approach to negotiations.
Formal trade talks between Japan and the US are scheduled to begin on April 17, focusing on tariffs, non-tariff barriers, and exchange rate policies.
US tariffs, including a 25% duty on automobiles, continue to strain Japan's export-driven economy, with automobiles accounting for 28% of Japanese exports to the US.
Currency discussions, particularly concerning the weak yen, are expected to feature prominently, with potential implications for Japan’s monetary policy and interest rate decisions.
Japan's substantial holdings of US Treasuries may serve as a strategic leverage point as it navigates economic pressures and seeks to protect its trade interests.