According to reports by Japan's Kyodo News and the "Nikkei Shimbun," Japanese Minister of State for Economic Revitalization Akira Akaza expressed on the 13th local time that "continued high attention will be maintained" regarding the agreement between China and the United States to mutually reduce tariffs by 115%.
It is reported that Japan and the United States plan to hold intensive ministerial-level trade negotiations after mid-May, and Akira Akaza will play a leading role in Japan's team.
Regarding the high tariffs previously imposed by China and the United States, Akira Akaza analyzed that it "has actually evolved into a de facto state of mutual embargo." He also stated, "We are not in a position to comment on consultations between the United States and third countries on an individual basis."
Regarding the impact of the results of the China-US talks on Japan, Akira Akaza said, "We hope to thoroughly review the situation and take appropriate measures."
On the 13th, Chief Cabinet Secretary Yasuo Fukuda of Japan's cabinet said regarding the joint statement issued by China and the United States at their talks, "We will continue to pay close attention and respond appropriately while fully studying its impact."
On the same day, Japan's Minister of Economy, Trade and Industry, Eto Miyuki, commented on the impact of the China-US talks on the Japan-US tariff negotiations, saying, "Each country's situation is different, and I do not want to make any assumptions." He also said, "While safeguarding Japan's national interests, we will do our utmost to reach an agreement as soon as possible."
Japanese Minister of State for Economic Revitalization Akira Akaza, file photo. "Nikkei Shimbun"
On May 12, a joint statement was released from the Geneva economic and trade talks between China and the United States, significantly reducing the level of bilateral tariffs, and the China-US trade negotiations achieved phased results. It is widely believed outside that this is an important step taken by the world's two largest economies in resolving trade disputes.
After the announcement of the news, investor confidence in avoiding a full-scale trade war has been boosted, with stock markets across Europe and Asia rising, and U.S. stock indexes also surging after opening.
UN spokesman Diya Ricky said that UN Secretary-General Guterres welcomed the achievements of the high-level economic and trade talks between China and the United States, considering this a "very positive" signal for the global economy.
Currently, the prospects for the Japan-US tariff negotiations remain unresolved. The two sides have held two rounds of consultations, with Japan continuously requesting the United States to reconsider tariff measures, but the United States has consistently insisted that Japan cannot receive "special treatment" on products such as automobiles and steel.
On the 12th, Prime Minister Shinzo Abe vowed that Japan would adopt "all necessary measures" to respond to US tariffs, and if necessary, would not hesitate to take additional measures.
This article is an exclusive contribution by Guancha Observer, unauthorized reproduction is prohibited.
Original source: https://www.toutiao.com/article/7503838177296286262/
Disclaimer: This article solely represents the views of the author. Welcome to express your attitude by clicking the "Like/Dislike" buttons below.