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Keidanren chief: Japan, U.S. to hold “tough negotiations” over trade

Hiroaki Nakanishi, chairman of the Japan Business Federation, or Keidanren, held a regular press conference on June 11, during which he referred to the new “free, fair, and reciprocal” (FFR) trade talks to be held in July between Economic Revitalization Minister Toshimitsu Motegi and U.S. Trade Representative (USTR) Robert Lighthizer. In this regard, Nakanishi expressed his view that the talks “will be tough negotiations.” The U.S., which is seeking to redress the trade imbalance, is showing interest in opening up the auto and agricultural product markets.

 

On the subject of the current Japan-U.S. relationship, Nakanishi pointed out that “it feels like déjà vu” because the atmosphere overlaps with that of the 1980s, when the U.S. pressured Japan to slash automobile and semiconductor exports in a bid to slim its trade deficit with Japan.

 

Nakanishi also underscored that Keidanren will focus on easing friction at private levels by strengthening relations with corporate America and state governments.

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