Tokyo Washington proposes an alternative mechanism to cancel car fees

On Friday, Ashai Newspaper reported that Japan had reduced the demands of the abolition of US customs duties on all cars, and instead of reducing the rate on the basis of the cooperation of the American auto industry.

Chief Japanese negotiator Riosi Akazawa is currently visiting Washington, with Treasury Secretary Scott Basent to hold fifth round talks with US officials and Commerce Minister Howard Lotenik.

According to Japan’s latest proposals, Japanese car manufacturers in the United States will reduce customs functions on Washington cars based on factors such as the number of vehicles produced and exported to other markets from there, according to Ashe.

In a statement after a meeting with the financial restoration minister Lutnik, the Japanese government strongly confirmed the Japan’s request to review the Akazawa’s customs definition policies. This statement has been added: «Both sides have confirmed their positions on the policies of American tariffs and have been discussing structural discussions about the expansion of trade, non -costumes’ actions and cooperation in the field of financial security.

On the other hand, the US Treasury should continue to tighten its monetary policy on Thursday, supporting the yen’s “normalization” twice and restores the balance of bilateral trade.

These comments in the exchange rate submitted to the US Treasury Congress and President Donald Trump’s efforts to raise interest rates will come up at the time of raising interest rates and reducing the economy relying on historical cash motivation.

The Treasury said in this report: “The system of local basic economic factors (Bank of Japan) must continue, including growth and inflation, which supports the return of the yen against the dollar and restores the construction balance required for bilateral trade.”

The report on Japan said: “Large public pension funds, abroad’s risk and diverse revenue are also required to invest in government investment tools abroad for the purposes of returns and should not target the exchange rate for competitive purposes.”

With a clear and rare indication of the Japanese monetary policy, Washington’s concentration appears at Japan’s low interest rate, which is considered in the factors that weaken the yen against the dollar.

When asked about the report, Japanese Finance Minister Catsonobo Kato said at a press conference on Friday that the government is leaving the government’s monetary policy decisions for the Bank of Japan. Cotto said it was common for pension funds to get their own benefits in the management of pension funds regarding the report on retirement funds.

The US Treasury declared that the United States’s largest commercial partner did not find its currency in 2024. However, Japan, China, South Korea, Taiwan, Singapore, Vietnam, Germany, Germany, Ireland and Switzerland have been listed on its supervision for an additional audit for foreign exchange rates.

“Bank of Japan” ended its massive cash motivation program last year, and in January, it increased short -term interest rates to 0.5 percent, assuming that Japan was going to permanently achieve a 2 percent inflation target.

Although the “Bank of Japan” expressed willingness to increase interest rates, the economic developments as a result of the increase in US customs duties had to be reduced to growth in May. The “Japan Bank” has promised the “Japan Bank” interest rates as a major factor in keeping the “Japanese Bank” interest rates weakly against other currencies.

A poll conducted by “Reuters” from May 7 to 13 has shown that the “Bank of Japan” interest rates are expected to be stable till September, and by the end of this year, the majority has increased. Some market dealers have expressed that the pressure on Washington Tokyo has exacerbated, to weaken the dollar against the Yen and to give American exports a competitive commercial advantage.

Cato denied the idea of ​​deciding the exchange rate levels or currency exchange rate in his recent meetings with US Treasury Secretary Scott Besant. He said that he had explained the consequences of wages and pricing in Japan and after a meeting with the PSES in April, he said that the talks were dealt with with the “Bank of Japan” policy.

“I don’t think there is much difference in the opinions between the United States and Japan in relation to the direction of (Bank of Japan),” former Japan’s chief Diplomat Mitsuhiro Furosawa told Reuters. But it is time to increase interest rates. “With this great amounts of uncertainty, (Bank of Japan) does not raise interest rates easily or firmly,” he said.

Foresawa explained that the interest rate gap between the United States and Japan had no effort to weaken the dollar, and that by the end of this year, the value of the yen against the American currency would be increased to about 135-140 yen.

“After making it clear that customs duties are the main tools (to be in talks), I do not think that Washington needs to rely much on currencies to achieve their goals,” said Forsawa, who was the Deputy Director General of the International Monetary Fund until 2021.