As things stand, Japan is still wanting to push for the removal of all tariffs. In particular of course are the ones on autos, as seen with the image below. Akazawa will be leaving to Washington tomorrow and is scheduled to meet with Bessent on Friday for ministerial-level talks. So, we’ll see what comes of that. I wouldn’t hold my breath for any major breakthroughs though.
This article was written by Justin Low at www.forexlive.com.