Donald Trump invites Japan's PM Abe to Mar-a-Largo for weekend
- Author: Douglas Reid Feb 09, 2017,
Feb 09, 2017, 0:42
Nieto canceled his planned visit over a disagreement about the wall Trump has pledged to build along the U.S. -Mexico border.
Trump is expected to seek quick progress toward a two-way trade deal with Japan after abandoning USA participation in a 12-nation Asia-Pacific trade pact. Trump has criticized the lack of access to the Japanese auto market for USA producers and has accused Tokyo of using monetary policy to devalue its currency.
"Gift diplomacy could also be twinned with the tactic of substitution compensation, where Japan would not agree with a particular US demand but would offer some other kind of concession instead".
It will be fascinating to see how golf comes to define his presidency.
He suggested that Abe remind Trump that Japan directly invests over $400 billion in the US and supports 1.7 million jobs, the Financial Times further noted.
Abe is reported to be coming to woo the President, apparently saying he will create 700,000 United States jobs through Japanese investment American infrastructure. Major Japanese newspapers cited a draft of the proposal that calls for cooperation on building high-speed trains in the USA northeast, Texas and California.
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Abe and Trump are expected to meet on February 10. Abe, however, would prefer a multilateral deal between many countries, which is unlikely after Trump pulled out of the Trans-Pacific Partnership negotiations in his first week in office. Still, the economic dialogue Abe will propose would serve to slow or stall free trade negotiations.
When asked whether Abe is a good golfer or if he would have a bet on the game, the president said the Japanese prime minister "loves the game". Japanese sources have made clear Tokyo will push back on any attempts to bind its hands on a hyper-easy monetary policy central to "Abenomics" growth prescriptions.
At the House of Representatives Budget Committee on Thursday, Abe said, "Stances regarding refugees and immigrants vary among countries, and Japan has its own position on them".
Polls have shown that most Japanese expect relations with the United States to worsen under Trump. A pledge to boost defense spending, however, could be contentious at home in view of Japan's huge public debt. Showing a commitment to U.S. employment - a key campaign promise of the president - is "part of Japan's efforts to explain to Trump that it is a friendly nation" not just in security but also economics, said Mikitaka Masuyama, professor of politics at the National Graduate Institute for Policy Studies.
"We hope to have constructive talks in order to seek how we can forge a mutually win-win relationship", Suga said.