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ECONOMY

Japanese business leader comments on U.S.-China trade talks

  • May 10, 2019
  • , NHK, NTV
  • JMH Summary

NHK reported this morning that Japan Chamber of Commerce and Industry Chairman Akio Mimura said yesterday that if the U.S.-China trade talks fail to reach an agreement and the U.S. raises tariffs on Chinese products, resulting in a slowdown in the Chinese economy, Japanese companies will suffer the most. However, he also said that the U.S.’s demands on China regarding forced technology transfer, subsidies for state-owned companies, and violation of intellectual property rights are reasonable ones addressing longstanding issues that Japan and the EU have been unable to openly complain about to China, so the U.S. is effectively speaking up on their behalf. NTV also reported on his remarks last night.

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