Japan, US set October 16 for second round of economic talks

07-Oct-2017 Intellasia | Seekingalpha | 6:00 AM Print This Post

Japan’s finance minister is heading to Washington, D.C., to launch a second round of economic dialogue.

Taro Aso will meet with US vice President Mike Pence October 16, in a follow-up to meetings between the two countries in Tokyo in April.

Since then, though, Japan raised tariffs on frozen beef imports from countries including the US to 50 percent from 38.5 percent (on August 1), and expectations are growing that the US will use the new round to push for trade concessions.

Asked about that prospect, Aso said it’s better to improve management of an existing quota system for frozen beef rather than changing laws to establish new rules.

The US Treasury has expressed concern over the “persistence” of a trade imbalance (Japan had a $69B surplus with the US last year).

ETFs: DXJ, EWJ, FXY, YCS, DBJP, DFJ, JYN, JOF, DXJS, JPNL, JEQ, HEWJ, EWV, YCL, EZJ, SCJ, JPXN, DXJR,DXJF, DXJH, JHDG, JPN, JPMV, FJP, QJPN, DXJC, HJPX, GSJY, DEWJ, FXJP, HFXJ, DDJP.

https://seekingalpha.com/news/3299686-japan-u-s-set-oct-16-second-round-economic-talks

 


Category: Japan

Print This Post