Japan economy minister Akazawa said that FX was not discussed.
- Negotiation lasted for 130 minutes
- Able to have thorough discussions
- Again requested review of tariffs on Japan
- No comment on specific negotiations
- Talked how Japan can expand trade, non-tariff measures, economic security with US
- Told US that tariff measures regrettable
- Did not discuss forex
- Want to hold next meeting after mid-May
- No discussions on national security
- Asked us to review tariff measures on auto parts
- Negotiation handled as a package
- National security matters different from tariff talks
- Did not talk about China during talks
- Already decided forex matters to be discussed between finance ministers
- Understand that US wanting to reach some kind of agreements within 90-day window with various countries
I bolded that timing comment above. This is not indicative of a quick resolution to trade talks as Trump would have us believe. Not that anyone does anyway.
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Earlier from Japan:
This article was written by Eamonn Sheridan at www.forexlive.com.
