Japan and China Will Strengthen Economic Ties

Japan and China Will Strengthen Economic Ties

Despite difficult trade relations between Japan, China, and the US, Japanese Foreign Affairs Minister Taro Kono and his Chinese colleague Wang Yi launched a new campaign to develop economic relations between the two nations.

These measures appeared to be necessary because of new tariffs on steel and aluminum the US imposed on Japan. Officially, Japan haven’t responded yet.

Chinese Foreign Affairs Minister Wang Yi was the first Chinese official in the last 9 years to visit Japan to discuss bilateral relations between the two states. He and Taro Kono talked on a broad range of issues including North Korea’s nuclear program.

Last year, Prime Minister of Japan, Shinzo Abe, and the President of China, Xi Jinping, declared  their intention to reset economic relations between the two most powerful economies in Asia.

Trade war between China and the United Stated can shutter financial markets and slowdown world economic as well as put transport collaboration between China and Japan, particularly their China’s Belt and Road initiative at risk.

Japan is eager to avoid any controversies with the US at the forthcoming Abe and Trump negotiations.