Japan is contemplating offering concessions in the form of increased soybean and rice imports as part of ongoing trade negotiations with the United States, according to a report by the Yomiuri daily on Saturday.
This move comes as Japan seeks to address U.S. demands during President Donald Trump’s aggressive tariff campaign, which has raised concerns about potential recession risks.
During the first round of bilateral talks on Wednesday, U.S. negotiators brought up trade barriers in sectors such as automobiles and rice, and requested that Japan import more U.S. goods, including meat, fish products, and potatoes, the report said. The Japanese government has not yet commented on the report.
In response to Trump's trade policies, Japan has faced 24% tariffs on exports to the U.S., with the rates paused for 90 days, but a 10% universal tariff and a 25% duty on cars remain in effect. Japan, which heavily relies on car exports, has sought to reduce the impact of these levies, which have disrupted market stability.
Trump has criticized Japan for its alleged 700% tariff on rice, a claim that Japan disputes, citing outdated international rice pricing. Despite these tensions, Japan has been steadily increasing its rice imports over the past year to address domestic shortages caused by rising prices.
Japan’s economic revitalization minister, Ryosei Akazawa, engaged in discussions with U.S. officials in the Oval Office following the talks, although specific details of the discussions remain scarce. Finance Minister Katsunobu Kato is expected to continue bilateral discussions with U.S. Treasury Secretary Scott Bessent in Washington next week, focusing on further trade concerns and priorities.
Japanese stocks saw the largest foreign inflow in four weeks during the week ending 14 June, driven by optimism over U.S.-China trade talks and a weaker yen supporting exporters’ earnings.
South Korea and Japan have agreed to deepen their cooperation with the United States in addressing regional security challenges, including North Korea, during a bilateral meeting held on the sidelines of the G7 summit in Canada, according to local media reports.
Japanese Prime Minister Shigeru Ishiba announced on Tuesday that Japan and the United States have not reached a comprehensive tariff agreement, with key disagreements persisting between the two economic powers.
U.S. President Donald Trump said on Tuesday that Treasury Secretary Scott Bessent had remained at the G7 summit in Canada to continue discussions, while he returned to Washington to address Middle East developments.
South Korea’s new president Lee Jae-myung will meet Japanese Prime Minister Shigeru Ishiba during the G7 summit in Canada, marking his first major diplomatic engagement.
South Korea’s new administration proposed $14.7 billion in additional spending on Thursday to boost weak domestic demand, as President Lee Jae Myung pushes economic recovery as his top priority.
If the European Central Bank adjusts interest rates in the next six months, the move would likely be a cut, ECB policymaker Francois Villeroy de Galhau said on Thursday.
Iran's foreign minister is expected in Istanbul on Saturday for a key Organisation of Islamic Cooperation (OIC) council meeting as regional tensions rise over Israel's strikes on Iranian nuclear sites.
The US Embassy in Qatar has temporarily barred its personnel from entering Al Udeid Air Base due to rising regional tensions linked to the ongoing conflict between Israel and Iran.
Wizz Air Abu Dhabi, the UAE’s ultra-low-fare national airline, has officially launched flights from Gabala, adding a second Azerbaijani city to its growing network and becoming the only low-cost carrier to connect the region with Abu Dhabi.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 17th, covering the latest developments you need to know.
Iran's foreign minister is expected in Istanbul on Saturday for a key Organisation of Islamic Cooperation (OIC) council meeting as regional tensions rise over Israel's strikes on Iranian nuclear sites.
The US Embassy in Qatar has temporarily barred its personnel from entering Al Udeid Air Base due to rising regional tensions linked to the ongoing conflict between Israel and Iran.
The World Bank has approved a $640 million loan to Bangladesh to help improve gas supply security and reduce dangerous air pollution in urban areas.
Kremlin spokesman Dmitry Peskov said Thursday that Ukraine “will have to understand and accept” the post-war realities, as Moscow signals openness to a third round of peace negotiations with Kyiv.
Israel has confirmed it carried out airstrikes on Iran’s only operational nuclear power plant in Bushehr, marking a significant escalation in the ongoing conflict.
South Korea’s new administration proposed $14.7 billion in additional spending on Thursday to boost weak domestic demand, as President Lee Jae Myung pushes economic recovery as his top priority.
If the European Central Bank adjusts interest rates in the next six months, the move would likely be a cut, ECB policymaker Francois Villeroy de Galhau said on Thursday.
Iran's foreign minister is expected in Istanbul on Saturday for a key Organisation of Islamic Cooperation (OIC) council meeting as regional tensions rise over Israel's strikes on Iranian nuclear sites.
The US Embassy in Qatar has temporarily barred its personnel from entering Al Udeid Air Base due to rising regional tensions linked to the ongoing conflict between Israel and Iran.
Wizz Air Abu Dhabi, the UAE’s ultra-low-fare national airline, has officially launched flights from Gabala, adding a second Azerbaijani city to its growing network and becoming the only low-cost carrier to connect the region with Abu Dhabi.
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