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

Stock futures are little changed as investors await more inflation data: Live updates
World

Stock futures are little changed as investors await more inflation data: Live updates

Traders work on the floor of the New York Stock Exchange (NYSE) on August 12, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images Stock futures were relatively unchanged on Wednesday after the S&P 500 and Nasdaq Composite rallied to new records and as investors gear up for more data […]

Read More
Asia-Pacific markets set to open mixed as investors bet on Fed rate cut
World

Asia-Pacific markets set to open mixed as investors bet on Fed rate cut

CNBC Pro: Buy or avoid India’s IT stocks after recent job cuts? 3 pros share their take Here are the opening calls for the day Good morning from Singapore. Investors are awaiting the release of a slew of employment-related data from Australia. Economists polled by Reuters expect an increase of 25,000 employed individuals in July, […]

Read More
Elon Musk’s xAI loses co-founder Igor Babuschkin, who’s leaving to start venture firm
World

Elon Musk’s xAI loses co-founder Igor Babuschkin, who’s leaving to start venture firm

Igor Babuschkin, co-founder of xAI, during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty Images Igor Babuschkin, a founding member of Elon Musk’s xAI, said Wednesday that he’s leaving the artificial intelligence startup to launch his own venture firm. “Today […]

Read More