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Japan, US agree to have FX matters in the hands of finance chiefs, Ishiba says

  • Japanese Prime Minister Shigeru Ishiba expressed optimism that Japan could avoid higher U.S. Tariffs, stating that President Donald Trump had 'recognized' Japan's significant investment in the U.S. And the jobs it creates.
  • Japan had the highest foreign direct investment in the U.S. In 2023 at $783.3 billion, according to the most recent U.S. Commerce Department data.
  • Trump urged Ishiba to address Japan's $68.5 billion annual trade surplus with the U.S., expressing optimism that it could be resolved quickly with increased Japanese investment.
  • Ishiba identified liquefied natural gas, steel, AI, and autos as key areas for potential Japanese investment in the U.S.
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Channel News Asia broke the news in Singapore on Friday, February 7, 2025.
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