Overview
- Outgoing Prime Minister Shigeru Ishiba began a two-day reciprocal trip to Busan for talks with President Lee Jae Myung, the first visit by a Japanese leader to a South Korean city outside Seoul in 21 years.
- The leaders are focusing on future-oriented cooperation, including artificial intelligence, hydrogen energy, demographic challenges and regional revitalization, according to South Korea’s national security office.
- Trade is not on the formal agenda, but officials say the two sides are expected to compare positions on separate negotiations with the United States over tariff frameworks.
- Japan has reached a framework with the United States that includes cutting tariffs to 15% on Japanese products including autos, while South Korea is still negotiating details after a handshake deal in August.
- The meeting marks the pair’s third encounter since June, following a G7 sideline meeting and Lee’s August visit to Tokyo, and comes days before Japan’s ruling party selects Ishiba’s successor on October 4.