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Trump has criticized Japan for its alleged 700% tariff on rice, a claim that Japan disputes, citing outdated international rice pricing.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 Prime Minister Shigeru Ishiba said that he exchanged views on tariff issues with U.S. President Donald Trump by phone on Thursday.
Foreign investors continue to retreat from Japan's long-term bonds for a fourth week, amid inflation and fiscal uncertainty, while stock markets remain a bright spot.
Japan has lost its decades long status as the global top creditor to Germany. A recent report suggests that a weakening yen, appreciating euro and American tariffs are responsible.
Japan's parliament has officially passed a new law requiring hundreds of major firms to participate in a carbon emissions trading system starting in April 2026, according to Anadolu Agency.
Despite pledging to halt fossil fuel funding at the 2022 G7 summit, Japan has continued pouring billions into LNG projects, prompting accusations of greenwashing and undermining its climate leadership in Asia.
At least 21 people, including children, have died in floods triggered by heavy rains in Nigeria’s Niger state, officials said.
Think tanks from across the Turkic world gathered in the Turkish Republic of Northern Cyprus (TRNC) for the second edition of a major forum focused on regional cooperation, culture, and strategy.
Moroccan firefighters are battling wildfires for a fourth straight day in the Houara Forest near Tangier, as high temperatures and strong winds complicate efforts to contain the flames.
French President Emmanuel Macron arrived in Singapore Thursday for the final stop of his Southeast Asia tour.
U.S. Treasury official Scott Bessent said several large trade deals are nearing completion and that a potential call between President Donald Trump and Chinese President Xi Jinping may be needed to resolve complex issues in ongoing talks.
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At least 21 people, including children, have died in floods triggered by heavy rains in Nigeria’s Niger state, officials said.
Think tanks from across the Turkic world gathered in the Turkish Republic of Northern Cyprus (TRNC) for the second edition of a major forum focused on regional cooperation, culture, and strategy.
Moroccan firefighters are battling wildfires for a fourth straight day in the Houara Forest near Tangier, as high temperatures and strong winds complicate efforts to contain the flames.
French President Emmanuel Macron arrived in Singapore Thursday for the final stop of his Southeast Asia tour.
U.S. Treasury official Scott Bessent said several large trade deals are nearing completion and that a potential call between President Donald Trump and Chinese President Xi Jinping may be needed to resolve complex issues in ongoing talks.
At least 21 people, including children, have died in floods triggered by heavy rains in Nigeria’s Niger state, officials said.
Think tanks from across the Turkic world gathered in the Turkish Republic of Northern Cyprus (TRNC) for the second edition of a major forum focused on regional cooperation, culture, and strategy.
Moroccan firefighters are battling wildfires for a fourth straight day in the Houara Forest near Tangier, as high temperatures and strong winds complicate efforts to contain the flames.
French President Emmanuel Macron arrived in Singapore Thursday for the final stop of his Southeast Asia tour.
U.S. Treasury official Scott Bessent said several large trade deals are nearing completion and that a potential call between President Donald Trump and Chinese President Xi Jinping may be needed to resolve complex issues in ongoing talks.
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