US and Japan Appoint Lead Negotiators for High-Stakes Trade Talks
The two nations will address tariffs, non-tariff barriers, currency issues, and subsidies, with Japan positioned as a priority partner due to its swift engagement.
- Economy Minister Ryosei Akazawa has been appointed as Japan's lead negotiator for trade talks with the United States, confirmed by Chief Cabinet Secretary Yoshimasa Hayashi.
- The United States has designated Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer to head its negotiation team, signaling a strong focus on economic issues.
- Negotiations will cover a broad range of topics, including tariffs, non-tariff trade barriers, currency adjustments, and government subsidies, according to official statements.
- Japan is expected to receive priority in the talks due to its prompt response, as noted by U.S. Treasury Secretary Scott Bessent.
- Concerns over U.S. tariffs' potential impact on Japan's auto industry, a key economic sector, have been emphasized by Japanese Prime Minister Shigeru Ishiba.