Japan’s Prime Minister Shigeru Ishiba mulls Trump trade meeting before G7, says Yomiuri newspaper

Japan’s Prime Minister Shigeru Ishiba mulls Trump trade meeting before G7, says Yomiuri newspaper


Japan’s prime minister, Shigeru Ishiba.

Bloomberg | Bloomberg | Getty Images

Japanese Prime Minister Shigeru Ishiba is considering visiting Washington to meet President Donald Trump before a mid-month summit of the Group of Seven nations as he seeks a trade deal, the Yomiuri newspaper reported on Sunday.

Japanese officials see signs of progress on easing Trump’s tariffs after repeated visits by top tariff negotiator Ryosei Akazawa, and say the U.S. side has shown strong interest in Japan’s proposals, the Yomiuri said, citing Japanese government officials it did not name.

Economy Minister Akazawa will return to Washington for more talks late this week, after which a decision will be made on a U.S. trip by Ishiba, the newspaper said.

The White House and the Japanese Prime Minister’s Office did not immediately respond to requests for comment outside business hours.

Japan, a major U.S. ally, faces a 24% tariff from next month unless it can negotiate a bilateral deal. It is also scrambling to find ways to get Washington to exempt its automakers from 25% tariffs on automobiles, Japan’s biggest industry.

Some Japanese government officials hope an agreement can be announced in time for President Trump’s birthday on June 14, the Yomiuri said.

Akazawa, after meeting Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, said on Friday the two sides had “agreed to accelerate the talks and hold another round ahead of the G7 summit,” to be held from June 15 to 17 in Canada.

But he said there would be no deal without U.S. concessions on tariffs, including on autos.

Ishiba has said bilateral negotiations were progressing on trade expansion, non-tariff measures and economic security, while Tokyo has mentioned possible increases in its purchases of U.S. military equipment and energy, as well as cooperation on shipbuilding and repairing U.S. warships in Japan.



Source

Morgan Stanley says these two stocks will more than double as they pivot from bitcoin to data centers
World

Morgan Stanley says these two stocks will more than double as they pivot from bitcoin to data centers

Bitcoin may be in the dumps, but two stocks linked to the flagship cryptocurrency could soon see their shares more than double, according to Morgan Stanley. In a Sunday note to clients, the investment firm initiated coverage of bitcoin miners Cipher Mining and TeraWulf , giving the stocks “overweight” ratings. Its analysts put a $38 […]

Read More
Sam Altman touts ChatGPT’s reaccelerating growth to employees as OpenAI closes in on 0 billion funding
World

Sam Altman touts ChatGPT’s reaccelerating growth to employees as OpenAI closes in on $100 billion funding

As OpenAI faces intensifying pressure from rival Anthropic’s improved coding tools, CEO Sam Altman is telling employees and investors that his company is seeing its share of momentum. Altman told OpenAI employees on Friday that ChatGPT, the company’s popular artificial intelligence chatbot, is “back to exceeding 10% monthly growth,” according to an internal Slack message […]

Read More
Databricks completes  billion funding round at 4 billion valuation
World

Databricks completes $5 billion funding round at $134 billion valuation

Ali Ghodsi, co-founder and CEO of Databricks. Databricks Databricks said Monday it has raised $5 billion in funding and $2 billion in new debt capacity at a $134 billion valuation. The privately held data analytics software company also said that its annualized revenue exceeded $5.4 billion for the January quarter, up 65% year over year, […]

Read More