|Published : 13 Apr 2017, 20:25:31 | Updated : 13 Apr 2017, 20:31:00|
Japanese cos should use US economic talks to boost investment
Japanese companies should use the US-Japan economic dialogue as an opportunity to boost investment in factories in the United States and protect market share, a Japanese government adviser said on Thursday.
Japan should also welcome any opportunity to negotiate a two-way free trade deal to improve relations with one of its most important economic partners, said Motoshige Ito, a member of the government’s top advisory panel on economics, reports Reuters.
Japan should also offer to buy US shale oil and gas if US President Donald Trump’s administration seeks ways to cut its trade deficit, Ito told Reuters in an interview.
“The US market is important, so Japanese companies would naturally consider investing more to protect their position,” said Ito, a professor at Gakushuin University.