April 10, 2024 16:28 GMT
Biden And Kishida To Deliver Joint Presser Shortly
US-JAPAN
USHomepagePolitical Market NewsPolitical RiskBank of Japan (BOJ) Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
US President Joe Biden and Japanese Prime Minister Fumio Kishida are shortly due to deliver a joint presser at the White House following a bilateral meeting. LIVESTREAM
- A senior Administration official told reporters yesterday that Biden and Kishida will announce over 70 deliverables - “probably the largest set of substantial, significant deliverables that we’ve seen of its kind.”
- The leaders are expected to announce a flagship initiative to integrate the US and Japanese industrial bases and launch a working group to begin co-development and co-production of munitions, ships, and warplanes.
- The pair are also likely to discuss incorporating Japan into Pillar II of the AUKUS defence pact, strategy to confront an increasingly belligerent North Korea, and closer space collaboration.
- The senior official said: “…all the particulars add up to a major shift where Japan… projecting not only into the region and the alliance and its value system, but being a full global partner on whatever happens in Europe, the Mideast, and also the Indo-Pacific.”
- Kishida said in an interview with Nikkei Asia: "I want to stress that Japan and the U.S. are global partners in maintaining and strengthening the rules-based, free and open international order. We will also bolster our defense and national security cooperation."
- Semafor notes: “While U.S.-Japan relations are at a high point, there is at least one source of friction Biden and Kishida will try to avoid: neither is expected to broach the proposed takeover of U.S. Steel by Japan’s Nippon Steel, which Biden recently said he opposed.”
248 words