Monday, 16 July, 2018

China, Japan resume economic talks after 8 years

The weekly Shukan Shincho magazine reported that Japan's administrative vice finance minister Junichi Fukuda had sexually harassed a female reporter at a bar Japan and China denounce protectionism, vow to safeguard free trade and multilateralism
Lisa Bryan | 16 April, 2018, 11:56

Prime Minister Shinzo Abe will make the proposal when he meets Trump at Mar-a-Lago, the president´s Florida resort, on Tuesday and Wednesday, the paper said.

Visiting Chinese Foreign Minister Wang Yi and his Japanese counterpart Taro Kono co-hosted the meeting, The Paper reports, noting that the two are expected to focus on Belt and Road initiative cooperation, as well as trade and investment.

The world's second and third largest economies have a fraught relationship, complicated by longstanding maritime disputes and Japan's wartime legacy.

During the summit, Abe is likely to explain to Trump Japan's plans to boost direct investment to the USA, the Asahi newspaper said yesterday. The dispute over islands in the East China Sea - known as the "Senkakus" in Japanese and the "Diaoyu" by the Chinese - remains a source of tension.

Tokyo also hopes to expand its exchanges with China to stay relevant in increasing global efforts to engage with North Korean leader Kim Jong Un.

"After the US withdrawal, Japan, recognising the significance of free trade, has led the initiative in pulling together the TPP 11", Aso said, referring to the other members of the pact.


Japan will propose setting up a new framework to discuss trade issues with the United States in a summit next week, in hopes of persuading it to rejoin the Trans Pacific Partnership (TPP), the Nikkei newspaper said on Saturday.

The two sides reportedly agreed to continue to fully implement all relevant United Nations resolutions and to work together closely in order to realize the dismantlement of the North's nuclear weapons and missiles.

Wang, who spent eight years in Japan as a diplomat including three as ambassador, said the changing economic climate presented fresh opportunities.

Wang said China and Japan should maintain momentum in the development of bilateral relations through mutual efforts such as high-level contacts.

Wang's trip also follows an official visit by Kono to Beijing earlier this year, and marks the first visit by a Chinese foreign minister to Japan in a bilateral context in nine years.

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