Aso to Visit U.S. for Talks with Mnuchin

Politics

Tokyo, April 17 (Jiji Press)--Japanese Finance Minister Taro Aso is considering visiting the United States later this month to meet with U.S. Treasury Secretary Steven Mnuchin, government sources said on Wednesday.

Aso and Mnuchin are expected to hold talks on the sidelines of a planned summit between Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump, the sources said.

The Japanese finance minister is expected to face pressure from Mnuchin to agree to allow a provision aimed at preventing competitive currency devaluations to be included in a proposed bilateral trade agreement.

Currencies are a matter to be discussed by the finance ministers, Japanese economic and fiscal policy minister Toshimitsu Motegi told reporters in Washington Tuesday after two days of trade talks with U.S. Trade Representative Robert Lighthizer.

The U.S. side wants to include a currency provision in a legally binding part of any bilateral trade pact with Japan. Tokyo for its part hopes that any currency arrangement will be nonbinding.

[Copyright The Jiji Press, Ltd.]

Jiji Press