usjapan talks should avoid fiscal monetary policy meddling
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

former Japanese Economy Minister Akira Amari

US-Japan talks should avoid fiscal, monetary policy meddling

Arab Today, arab today

Arab Today, arab today US-Japan talks should avoid fiscal, monetary policy meddling

former Japanese Economy Minister Akira Amari
Tokyo - Arab Today

Japan and the US should avoid trying to interfere with each other’s fiscal and monetary policies when they start bilateral economic talks next month, former Japanese Economy Minister Akira Amari said on Monday.
Amari, who led Japan’s negotiation team on the Trans-Pacific Partnership (TPP), which was essentially scuttled when President Donald Trump pulled the US out, said the two nations needed to conduct talks with an eye toward emerging markets and the world as a whole.
Trump and Prime Minister Shinzo Abe agreed last month to launch a bilateral economic dialogue to discuss trade and infrastructure investment. Japan, concerned about Trump’s strident comments about trade and currencies, hopes to use the talks to seek ways to avoid trade friction and ensure Washington is engaged in the Asia-Pacific region.
Asked about the possibility that the US may make demands regarding Japan’s fiscal and monetary policy, Amari told Reuters in an interview: “One nation should not meddle with another nation in areas where sovereign and independent rights exist.”
Taro Aso, Japan’s finance minister and deputy prime minister, and US Vice President Mike Pence, who is expected to visit Tokyo next month, will lead the bilateral talks.
Amari will visit the US with other Japanese lawmakers this week to meet US lawmakers to exchange views on economy and trade.
“The economic dialogue should be a place to build a basis for how Japan and the US can share common view and cooperate with each other strategically, with a view toward the Asia-Pacific region and the world but beyond the two nations,” Amari said.
Trump has complained about the US trade deficit with Japan and accused Tokyo of using its “money supply” to weaken the yen and give exporters an unfair advantage — seen as a criticism of the Bank of Japan’s (BoJ) radical policy of flooding the financial system with yen to end decades of deflation.
Still, Trump avoided harsh rhetoric during a friendly summit with Abe last month that included a round of golf.
Amari said Japan’s monetary policy is aimed at beating deflation because the nation needs to revive the economy and restore fiscal health.
He said Japan and the US were unlikely to have a detailed discussion on issues like trade deficit at the outset of the dialogue.
“Currency manipulation and monetary policy need to be separated,” he said.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

usjapan talks should avoid fiscal monetary policy meddling usjapan talks should avoid fiscal monetary policy meddling

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

usjapan talks should avoid fiscal monetary policy meddling usjapan talks should avoid fiscal monetary policy meddling

 



GMT 16:16 2014 Wednesday ,10 September

Samirah Ibrahim receives Saudi cultural attaché

GMT 09:32 2017 Sunday ,24 September

China confirms will limit oil exports to North Korea

GMT 19:56 2016 Saturday ,17 September

Typhoon Meranti death toll rises to 28

GMT 09:40 2018 Monday ,01 January

OIC Summit opens in Kazakhstan

GMT 06:37 2015 Monday ,07 December

Iran film directors protest colleague's jail term

GMT 18:37 2017 Friday ,25 August

Mental health issues should be prioritized

GMT 04:39 2017 Thursday ,31 August

Trump vows to right 'self-destructive' tax code

GMT 05:29 2017 Tuesday ,22 August

Celebrations across India on 71st Independence Day

GMT 10:54 2017 Wednesday ,11 October

Child obesity grows tenfold since 1975

GMT 02:31 2016 Tuesday ,06 December

Dubai Women Establishment delegation participates

GMT 04:29 2018 Wednesday ,19 September

North and South Korea: Kim and Moon hail new future

GMT 14:18 2013 Monday ,19 August

Newlywed Lebanese couple pose at car bomb site

GMT 11:11 2011 Friday ,12 August

Palestinian university ranks seventh in Arab world

GMT 15:16 2015 Wednesday ,26 August

UAE ambassador attends charity ceremony in Qalubiya

GMT 16:59 2016 Tuesday ,26 July

Hedge funds in new cycle of oil short-selling
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday