Japan’s chief trade negotiator Akazawa says there is no change in Japan’s stance and they continue to want a full reprieve from US tariffs. Now there is somewhat of an incentive to take a hawkish public stance here as Japan could be headed for a snap election at any point as Prime Minister Shigeru Ishiba holds a minority in the lower house.
There is also the House of Councillors election that must be held by July 22.
That all makes it very tough to negotiate.
This article was written by Adam Button at www.forexlive.com.
