The China Mail - Trump to meet Japan PM as hopes grow for China deal

USD -
AED 3.672502
AFN 63.999576
ALL 80.977186
AMD 362.829809
ANG 1.790365
AOA 918.000184
ARS 1524.997501
AUD 1.43976
AWG 1.8025
AZN 1.69885
BAM 1.722428
BBD 2.015086
BDT 123.012972
BGN 1.683441
BHD 0.376997
BIF 2995
BMD 1
BND 1.277405
BOB 12.040458
BRL 5.181501
BSD 1.000454
BTN 95.892522
BWP 14.09417
BYN 3.010995
BYR 19600
BZD 2.012171
CAD 1.423715
CDF 2309.999986
CHF 0.835405
CLF 0.024646
CLP 973.179852
CNY 6.704751
CNH 6.709685
COP 3314.79
CRC 456.985341
CUC 1
CUP 24.01166
CVE 97.750138
CZK 21.561986
DJF 177.719945
DKK 6.598698
DOP 59.697254
DZD 133.911021
EGP 51.938599
ERN 15
ETB 163.421342
EUR 0.88272
FJD 2.24775
FKP 0.756991
GBP 0.754035
GEL 2.60498
GGP 0.756991
GHS 11.699323
GIP 0.756991
GMD 73.5159
GNF 8798.844552
GTQ 7.643396
GYD 209.328131
HKD 7.84663
HNL 26.859007
HRK 6.650974
HTG 130.939066
HUF 323.646983
IDR 17897.45
ILS 3.07365
IMP 0.756991
INR 95.93015
IQD 1310.606294
IRR 1693792.500038
ISK 120.930408
JEP 0.756991
JMD 158.336929
JOD 0.709025
JPY 157.684016
KES 129.709357
KGS 87.448698
KHR 4057.22564
KMF 435.00025
KPW 900.000318
KRW 1358.609932
KWD 0.30894
KYD 0.833726
KZT 440.074329
LAK 22455.503791
LBP 89592.031739
LKR 330.60617
LRD 171.583824
LSL 16.385613
LTL 2.95274
LVL 0.60489
LYD 6.399
MAD 9.71296
MDL 17.763022
MGA 4394.578552
MKD 54.34255
MMK 2099.600314
MNT 3599.1704
MOP 8.086624
MRU 40.069045
MUR 47.760183
MVR 15.450398
MWK 1734.754084
MXN 18.076375
MYR 4.083989
MZN 63.909674
NAD 16.385685
NGN 1327.250222
NIO 36.821108
NOK 9.626335
NPR 153.428035
NZD 1.77508
OMR 0.384499
PAB 1.000449
PEN 3.44424
PGK 4.528402
PHP 62.740501
PKR 277.158584
PLN 3.85239
PYG 5852.979771
QAR 3.647324
RON 4.6567
RSD 103.766003
RUB 83.375789
RWF 1477.228194
SAR 3.755513
SBD 8.032647
SCR 13.871342
SDG 601.495377
SEK 10.00818
SGD 1.27803
SHP 0.755829
SLE 24.649652
SLL 20969.491881
SOS 571.727998
SRD 37.6215
STD 20697.981008
STN 21.576683
SVC 8.75393
SYP 13002.000254
SZL 16.377071
THB 33.619691
TJS 9.214436
TMT 3.51
TND 2.978703
TOP 2.40776
TRY 49.036597
TTD 6.787408
TWD 31.882899
TZS 2640.003023
UAH 44.690709
UGX 3921.672237
UYU 40.308767
UZS 11835.41907
VES 857.98905
VND 25962
VUV 119.008285
WST 2.76852
XAF 579.026255
XAG 0.016607
XAU 0.000240904065
XCD 2.70255
XCG 1.803098
XDR 0.707052
XOF 579.026255
XPF 105.029547
YER 236.402537
ZAR 16.43561
ZMK 9001.197648
ZMW 19.559579
ZWL 321.999592
SSP 5712.591902
MXV 2.046206
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Trump to meet Japan PM as hopes grow for China deal
Trump to meet Japan PM as hopes grow for China deal / Photo: © POOL/AFP

Trump to meet Japan PM as hopes grow for China deal

US President Donald Trump is set to meet Japan's Prime Minister Sanae Takaichi on Tuesday, sitting down with the newly elected conservative leader ahead of high-stakes trade talks with China on a tour of Asia.

Text size:

Trump arrived in Tokyo on Monday for a visit sandwiched between a trip to Malaysia and a meeting in South Korea with Chinese counterpart Xi Jinping that could ease the bruising trade war between the world's two biggest economies, sparked by sweeping US tariffs.

Negotiators from Beijing and Washington have both confirmed a "framework" has been agreed.

In Tokyo, in their first face-to-face meeting, Trump and Takaichi are expected to focus on security and trade between their allied countries.

Takashi Ito, a 58-year-old Tokyo resident, said that "what's important is finding some kind of middle ground" on trade.

"Simply pushing to raise tariffs has already created various issues."

On security, long-pacifist Japan is adopting a more muscular military stance as relations with China worsen.

Takaichi, a China hawk who last week became the first woman to serve as Japan's prime minister, said her government would achieve its target of spending two percent of gross domestic product on defence this year -- two years ahead of schedule.

The United States, which has around 60,000 military personnel in Japan, wants Tokyo to spend even more, potentially matching the five percent of GDP pledged by NATO members in June.

Yee Kuang Heng, a professor at the University of Tokyo's Graduate School of Public Policy, told AFP that in a bid to "deflect US pressure" on Japan to boost defence spending, Takaichi has "preemptively" brought forward the target.

Apart from his meeting with Takaichi, Trump is due to deliver a speech on Tuesday on the USS George Washington aircraft carrier, docked at the US naval base Yokosuka.

He will also have dinner with business leaders, likely including the chairman of carmaker Toyota.

- 'Phenomenal' -

Most Japanese imports into the United States are subject to tariffs of 15 percent, less painful than the 25 percent first threatened but still contributing to a 24-percent slump in US-bound car exports in September in value terms year-on-year.

The car industry accounts for around eight percent of jobs in Japan.

Under the terms of a July trade deal shared by the White House, Japan is expected to invest $550 billion in the United States.

Trump has said he heard "phenomenal things" about Takaichi, "a great ally and friend of Shinzo Abe, who was my friend".

"I think she's going to be great."

Media reports said Trump is expected to ink deals on critical minerals and shipbuilding, adding to a flurry of agreements signed in Malaysia, where the president kicked off his first Asia tour since returning to office.

The greatest prize for Trump -- and for global markets -- remains a China trade deal.

Trump is due to meet Xi on Thursday in South Korea for their first face-to-face talks since the 79-year-old Republican's return to office in January.

"I have a lot of respect for President Xi and we are going to, I think... come away with a deal," Trump told reporters en route from Malaysia, where comments from US and Chinese negotiators raised hopes of an accord.

Trump also indicated he was willing to extend his trip in order to meet North Korean leader Kim Jong Un, though no such meeting has been announced.

K.Lam--ThChM