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On January 24, 2025, Takeshi Niinami, CEO and Chairman of Suntory Holdings at the World Economic Forum in Davos, Switzerland.
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According to Taesha Niins, there are many cards in Japan to play in tariff negotiations with the United States, senior economic advisers of Japan.
His comments ahead Three -day trip According to the main negotiator of the district, the United States, US Treasury, Scott and US Trade Representative Jamisan Grir.
Niinami, who is also the chairman and CEO of Japanese beverage manufacturer Suntory Holdings, said CNBC “CNBC”A boxed box as Asia“What he” cautiously optimistic “about trade talks.
He noted that Japan was the largest foreign investor in the US And the largest foreign owners of the US Treasury.
Thus, Japan should talk about more opportunities to invest in the US, and will store its massive stocks of American treasures, said Niins, adding that “we know that the president (very concerned) in the bond market”, citing US President Donald Trump.
Japan has about $ 1.1 trillion in the US Treasury, and Trump said last week’s bond market was part of the reason why he moved to “mutual” tariffs.
“I thought people jumped out a little out of the line,” Trump said. “They were receiving A little ipa, a little afraid.“
Kevin Joset, Director of the US National Economic Council ,,, said CNBC on April 10 that declining the bond market contributed to Trump’s decision.
A 10-year-old treasury Since April 8, they have been shrinking above 4.5% when the big foreign owner, like Japan or China, dumps the bonds. Bond prices move back to the exit, and Increasing yields can mean higher mortgage rates in the US.
Another step of Tokyo can take to talk about military purchases in the United States, said Niins, as it seeks to increase the cost of protection to 2% of the gross domestic product.
Japan and the United States have deep military relations, and Japan self -defense uses a wide range of equipment in the US, including fighters, helicopters and some infantry hands.
“Let’s normalize the relationship because we are the largest ally of the United States. So we want to normalize relations, and we want to upgrade relations between () the United States and Japan in terms of regional security,” Nina said.
Trump in Japan suffered a 24% “return” tariff, although it was suspended for 90 days since April 9, leaving 10% base.
Niins also said that while Japan is not perfect to invest in the US, given the current situation, he acknowledged that the US productivity is much higher than in other countries, making the market attractive.
“I think we don’t like the current plan with the US, but we want to continue investing (in) the US,” he said.
– Alex Harring CNBC contributed to this story.
