Prime Minister of Japan: The implementation of the drawing agreement with America is difficult

Japanese Prime Minister Shighgero Ishiba said that the trade agreement between the United States and Japan is ‘profitable for both parties’ last month, but that its terms may be more difficult than negotiating it. “Some believe that the implementation of the commercial agreement is more difficult than achieving it. I humility, I hope you continued support to achieve it,” Ishiba added Monday in response to questions in parliament. In the same session, Japan’s main trader Riusi Akazawa recognized the validity of criticism of the absence of any written formula for the agreement. “I understand that the existence of a written formula will be useful,” Akazawa said, adding that the agreements that Washington concluded with both the European Union and South Korea also do not include official documents. These statements reflect the size of the big mystery around the chain of global trade agreements, even after the August 1, which was scheduled to increase customs duties. A partial reduction in customs duties. Washington agreed to impose uniform fees by 15% on the import of Japan, which is a lower rate of 25% threatened in the past. The fate of the fees imposed on cars is still ambiguous, as the United States has not yet implemented the agreed reduction to 15%. Ishiba is facing increasing pressure after his erection in the Senate election last month, but he promised to remain as prime minister to ensure the implementation of the entire trade agreement. A few days after the election, Ishiba could suddenly enter into a trade agreement that achieved relatively better results compared to other countries. Japanese cars in the vagina of customs duties on cars, which are currently 27.5%, including a previous basic average of 2.5%, have a strong blow to the Japanese economy, as the car sector is the largest source of export to the United States and represents about 10%of gross domestic product. “We must first devote our efforts to reducing customs duties on cars appropriately because of their close connection with our national interests, and to issue a presidential order,” Ishia said. The prime minister added that he personally realized the importance of the meeting with Trump to ensure the implementation of the car agreement. The private sector decides the fate of investments in its talk on the US investment plan of $ 550 billion, which is a significant part of the agreement. Ishiba explained that spending decisions belong to the private sector, and that the government does not have the authority to force companies to sign contracts. He also pointed out that the United States and Japan can work together in a wide range of sectors, including shipbuilding, a field in which South Korea can also participate. In a poll conducted by the “JNN” network during the weekend, the high support rate for the Ishiba government showed by 4 percentage points up to 36.8%. On the other hand, support for his party, the ‘Liberal Democratic Party’, dropped slightly to 20.4% compared to a survey last month, while the popularity of the right “Sansito” party rose by 4 points to 10.2% to rise second in terms of popularity among the parties. In response to a question about the date of implementation of government support assigned to help families in light of the high cost of living, Ishiba said the matter depends on the results of the consultations with other parties. The loss of the majority in the two rooms of parliament The political loss in the election last month led to the loss of government in the Senate, after losing its majority in the House of Representatives during October 2024. For the first time in 70 years, a coalition led by the Liberal Democratic Party is forced to rule without having a majority in the parliamentary sex. “I see that it is the duty of our government to continue to address the issues we have started working on and to achieve clear solutions for them,” Ishiba said. The Japanese Prime Minister declined to comment on the possibility of his resignation.