Japanese companies should use the U. S.-Japan economic dialogue as an opportunity to boost investment in factories in the United States…
TOKYO —
Japanese companies should use the U. S.-Japan economic dialogue as an opportunity to boost investment in factories in the United States and protect market share, a Japanese government adviser says.
Japan should also welcome any opportunity to negotiate a two-way free trade deal to improve relations with one of its most important economic partners, said Motoshige Ito, a member of the government’s top advisory panel on economics.
Japan should also offer to buy U. S. shale oil and gas if U. S. President Donald Trump’s administration seeks ways to cut its trade deficit, Ito told Reuters in an interview.
“The U. S. market is important, so Japanese companies would naturally consider investing more to protect their position, ” said Ito, a professor at Gakushuin University.
“The trade relationship has evolved and Japan can’ t do much to reduce exports.
