Japan: No clear picture of the future trade relationship with US - Nomura

Analysts at Nomura suggest that following President Trump’s meeting with Prime Minister Abe, no clear picture of the future trade relationship has emerged as the divergence in their views is unchanged.

Key Quotes

“The two countries agreed to create a new negotiation framework, where USTR Lighthizer and Japanese Economy Minister Motegi will lead the negotiations. If the creation of a new framework successfully delays harsh discussions on trade for now, as the Pence-Aso dialogue did, delays would be good for the Japanese government. President Trump commented on the possibility of more military jet purchases by Japan, and fiscal stimulus by Japan may be a way to calm trade tensions between the two nations.”