Japan PM Ishiba: Haven’t been able to reach agreement because Japan kept defending what needs to be defended
Will continue dialogue with U.S., seek chance of agreeing on deal that benefits both countriesAs a result of past negotiations with U.S., we were able to avert hike in tariffs to 30–35%US has proposed to continue talks until new aug 1 deadlineDeeply regrettable that US announced tariff hikeWe were unable to agree on deal with us so far is because we engaged in tough negotiation on view Japan should not make easy concessions
This article was written by Eamonn Sheridan at www.forexlive.com.