Japan Seeks “In-Depth” Investment Talks During Washington Visit
Trade Minister Ryosei Akazawa said he intends to hold “in-depth" talks with US Commerce Secretary Howard Lutnick to finalize the first project under a $550 billion investment arrangement that was established as part of a bilateral tariff agreement.
Before departing from Tokyo’s Haneda Airport, Akazawa told reporters that if an understanding is reached with Lutnick, he would disclose the outcome “as soon as possible.”
Akazawa previously oversaw tariff negotiations between Japan and the US while serving as economic revitalization minister under former Prime Minister Shigeru Ishiba. This trip represents his first official visit to Washington since assuming his current role in the Cabinet of Prime Minister Sanae Takaichi, who succeeded Ishiba.
Reflecting on prior engagements, Akazawa noted, “We have already held a considerable number of discussions,” and added that he plans to return to Japan on Saturday. He also cautioned that the negotiations “will not be straightforward.”
Under the terms of the earlier agreement, Japan committed to channeling $550 billion into investments in the United States in exchange for lower American tariff rates. Both governments are expected to determine which projects will move forward, with US President Donald Trump ultimately making the final decision.
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