Japan plans to
leave agriculture out of its first economic dialogue with the U.S. next
month, sources say, hoping to prevent thorny topics like liberalization
of its heavily protected farm industry from blocking other negotiations.
Tokyo
will propose an agenda for its dialogue with the U.S. in coming days,
which will include a wide range of issues such as how Japan can provide
technical assistance for U.S. railway projects and increase imports of
U.S. shale gas to Japan, according to government sources with knowledge
of the matter.
Policymakers aim to focus the debate on ways to assist U.S. efforts in boosting infrastructure investment, an area where an agreement may be easier reached than other contentious issues like trade, the sources say.
Many Japanese policymakers say the Bank of Japan and the Federal Reserve won't directly participate in the dialogue, to avoid any impression that governments are seeking to guide independent central bank monetary policy.
U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed last month to launch a bilateral economic dialogue to discuss issues such as macroeconomic policies, trade and infrastructure investment.
Taro Aso, Japan's finance minister and deputy prime minister, and Vice President Mike Pence, who is expected to visit Japan next month, will lead the bilateral talks.
Trump administration trade adviser Peter Navarro on Monday called out Japan for its non-tariff trade barriers and said negotiations to use U.S. leverage as the world's largest market were needed to boost U.S. exports.
Policymakers aim to focus the debate on ways to assist U.S. efforts in boosting infrastructure investment, an area where an agreement may be easier reached than other contentious issues like trade, the sources say.
Many Japanese policymakers say the Bank of Japan and the Federal Reserve won't directly participate in the dialogue, to avoid any impression that governments are seeking to guide independent central bank monetary policy.
U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed last month to launch a bilateral economic dialogue to discuss issues such as macroeconomic policies, trade and infrastructure investment.
Taro Aso, Japan's finance minister and deputy prime minister, and Vice President Mike Pence, who is expected to visit Japan next month, will lead the bilateral talks.
Trump administration trade adviser Peter Navarro on Monday called out Japan for its non-tariff trade barriers and said negotiations to use U.S. leverage as the world's largest market were needed to boost U.S. exports.
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