Wednesday, 24 May, 2017

Japan says differences with US on economic talks

The Latest: US VP Pence arrives in Japan to focus on trade Japan sees new era of cooperation with U.S.: minister
Saul Franklin | 20 April, 2017, 09:27

The focus of his trip is expected to shift in Japan to trade.

Chief Cabinet Secretary Yoshihide Suga told reporters over the weekend that Japan might push ahead with a revised, 11-nation version of the TPP despite the US rejection of the trade accord.

It's Tokyo's oldest temple, and a highly popular tourist site that attracts crowds from around the world.

"I think the path of negotiations with North Korea has been a colossal failure now for more than 25 years", Pence told the Washington Post.

"Japan, though, is unwilling to give up on the TPP, and it's organizing other member nations to move ahead without the U.S".

"China is the source of energy, of ideas, of innovation, of expertise", she said, noting 95 of direct investment in North Korea come from China and that the North's exports mainly goes to China.

But the meetings could indicate how forcefully the US will pressure Japan to further open its farm and automotive sectors.

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The announcement followed an inaugural meeting Tuesday of the U.S. -Japan Economic Dialogue in Tokyo chaired by visiting U.S. Vice President Mike Pence and Japanese Deputy Prime Minister Taro Aso.

The dialogue was set up by President Donald Trump and Japanese Prime Minister Shinzo Abe during the Japanese leader's visit to the U.S.in February.

U.S. Vice President Mike Pence, center left, waves with his wife Karen, center right, and daughters Audrey, top left, and Charlotte, top right, on their arrival at U.S. Navy's Atsugi air facility in Ayase, southwest of Tokyo, . In that time span, North Korea has engaged in at least five missile tests, the most recent of which resulted in failure this past weekend.

Vice President Mike Pence, in Korea at the start of a tour of Asian nations, told a group of business leaders that the Trump administration's plan to review and modify trade deals will include the U.S. -Korea Free Trade Agreement.

The vice president is on a 10-day tour of Asia.

His plane touched down Tuesday at the US military's Atsugi base outside Tokyo. The trip so far has been dominated by US and allies' concerns about North Korea's nuclear and missile development efforts.

U.S. Vice President Mike Pence is making a pitch for President Donald Trump's economic policies, telling U.S. and Japanese business leaders that a tax overhaul and cut in regulations will help business on both sides of the Pacific.

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