Japan Chief Cabinet Secretary Hayashi:
Japan won’t do anything to sacrifice agriculture sector in U.S. trade talks
Earlier, Japan farm minister Koizumi:
will continue to work with various ministries towards maximising Japan’s national interests in the context of trade negotiations with U.S.
Japan Econ Minister Akazawa:
won’t comment on whether rice is part of U.S. tariff talksstill exploring if possible to reach trade agreement
The comments come in response to Trump complaining that Japan was not importing American rice:
ICYMI – Trump hints at more tariffs on Japan via interview and on his social media outlet
Japan has an 770,000-ton tariff-free import quota for rice, of which up to 100,000 tons is for staple rice. Beyond this, rice imports are subject to a levy of 341 yen ($2.37) per kilogramme.
Hayashi
This article was written by Eamonn Sheridan at www.forexlive.com.