Japan and U.S. Negotiations: Tariff Talks Intensify

In a bid to address looming tariff concerns, Japan's chief negotiator Ryosei Akazawa has been in rigorous talks with U.S. Commerce Secretary Howard Lutnick. Discussions were held over the phone on Thursday and Saturday, as confirmed by Japan's government.

A significant point of discussion is the approaching expiration of a 24% reciprocal tariff on imports from Japan, scheduled for the next week. Both parties are keen on finding a path forward that benefits their respective economies.

The Japanese government has expressed its commitment to continue active coordination with the U.S., hoping to negotiate terms that would lead to amicable trade relations.

(With inputs from agencies.)