(Project of the Kajima Institute of International Peace)
Japan-U.S. Economic Dialogue
Tokyo Foundation, Research Fellow,
Japan-U.S. Economic Dialogue was held on April 18th in Tokyo. The dialogue was co-chaired by Deputy Prime Minister Taro Aso and Vice President Mike Pence and the two leaders issued a joint press release agreeing to structure the dialogue along the three policy pillars: trade and investment rules/issues; cooperation in economic and structural policies; and sectoral cooperation. The press release basically reaffirmed what was agreed to by Prime Minister Shinzo Abe and President Donald Trump in February this year during the bilateral summit meeting in the U.S.
Both Vice President Pence and U.S. Secretary of Commerce Wilbur Ross who was also visiting Tokyo at the time indicated that the Trump administration would eventually like to see a bilateral trade agreement vis-à- vis Tokyo. During the presidential campaign, Donald Trump repeatedly criticized multilateral trade agreements including NAFTA and TPP as job-killing trade deals and vowed to open foreign markets for American products through tough bilateral trade negotiations. To avoid another trade friction with the U.S., Japanese government tried to steer clear of issues such as bilateral trade imbalance, weak yen and specific market access agendas like autos or agricultural products. Instead, Abe administration sought to use the opportunity to discuss overall regional economic agenda and high- standard economic rules to frame the ongoing regional economic integration.
As it turns out, the Economic Dialogue started rather quietly against some expectations that Trump administration would try to launch a bilateral FTA negotiation and pry open Japanese market. Strategic and domestic political factors lie behind this reserved U.S. posture. First, under the current strategic environment in East Asia with North Korea ever more defiant to develop ICBM capabilities and nuclear arsenal, as the "secretary of reassurance (Apr.16, Washington Post)," the Vice President could not afford to show the world that the U.S. and Japan were divided over tariff on beef. Secondly, President Trump's delay in filling critical leadership posts has prevented the administration to start a full-fledged trade negotiation vis-à- vis Tokyo. Various media reports explain this delay as a product of power struggle inside the White House. The policy realists and business practitioners have a head start in building their team under National Economic Council led by Gary Cohn or Secretary Steven Mnuchin's Treasury Department.
This relative increase of the realists' influence within the Trump administration is one of the reasons used to explain the policy flip-flops of the President during his first 100 days. Despite his campaign promises on alliance management, China's currency manipulation, or FRB's macro-economic policy, the President has changed his position. President Trump has repeatedly confessed his frustration on the complexity and sluggishness of politics or diplomacy. Aside from the presidential learning curve, many believe that the rise of the policy professionals is behind the somewhat down-to- earth policy decisions by the Trump White House.
According to a poll done by the Chicago Council on Global Affairs, contrary to wide-spread belief, even the Trump supporters were not necessary against strong U.S. commitment to overseas afairs. What separates policy elites and the general public in terms of foreign policy is the negative impact of free trade and immigration on domestic jobs. On this regard, the general public is much more wary about the ongoing globalization than the opinion leaders though there is a general consensus on the direction of U.S. foreign policy as a whole.
Therefore, it is possible that the recent "flip-flops" on the part of President Trump is not really a flip-flop but aligning more accurately to the positions of U.S. public to begin with. The implication of this U.S. political development for Japanese economic diplomacy is that despite the quiet beginning of the bilateral economic talk, Trump administration's desire to opt for bilateral negotiation over multilateral negotiation will pose more difficult challenges for Japanese trade negotiators. Recently, Japan has decided to push for TPP11 framework that is TPP without the U.S. It is diplomatic efforts such as this, along with RCEP and Japan-E.U. EPA, that could create an incentive for the U.S. to remain committed to the regional architecture in East Asia. Japan needs to draw a bigger picture to promote its economic foreign policy and stop thinking how she could ask for a discount when Donald Trump plays hardball.
- March 2019: "The Present State and Prospects of the Indian Economy and Economic Policies" written by Koji Kobayashi, Senior Economist Mizuho Research Institute Ltd.
- March 2019: "The "Modi diplomacy" in the History of Indian diplomacy--- Departure from or maintenance of the traditional diplomacy? ---" written by Toru Ito, The National Defense Academy of Japan
- February 2019: Dynamics of Indian Politics and the 2019 General Elections, written by Chiharu Takenaka, Professor of Rikkyo University
- February 2019: "Cooperative Strategy" to Realize "Competitive Strategy"--- The composite structure of Japan's "Free and Open Indo-Pacific" strategy (vision) ---, written by Matake Kamiya, Professor at The National Defense Academy of Japan
- January 2019:, A paper, "How will the US midterm elections results affect the Trump administration's foreign policy for 2019?" written by Tsuneo Watanabe, Senior Fellow, the Sasakawa Peace Foundation
- January 2019:, A paper, "The Present and Future of the International Trade Order" , written by Akihiko Tamura, Professor, National Graduate Institute for Policy Studies
- December 2018: The US-China Competition and Japan, written by Ryo Sahashi, Professor at Kanagawa University
- December 2018: An Outlook for the US-China Trade War―What makes the two economically interdependent superpowers confront each other?―, written by Takashi Sekiyama, Associate professor at Toyo University
- September 2018: Proposal, "The Denuclearization of North Korea and the Restoration of Peace in the Korean Peninsula― Correct Perceptions and Eight Proposals on Japan's North Korea Diplomacy－" edited by the Society of Security and Diplomatic Policy Studies
- September 2018: "The Taiwan Policy of the Xi Jinping Administration in its Second Term: An Outlook on Cross-Strait Relations in the New Era" written by Yasuhiro Matsuda, Professor of the Tokyo University
- July 2018: "The EU States and Russia on North Korea Issues- Expansion of Influence through Diplomacy: Attempts and Limitations -" lectured by Yuichi Hosoya, Professor of Keio University
- "An Assessment of the US-North Korea Summit and an Outlook for the Future of the Korean Peninsula" lectured by Junya Nishino, Professor of Keio University
- "Korean Peninsula Issue and Japan's Future Security Policy" written by Hideshi Tokuchi, Senior Fellow of National Graduate Institute for Policy Studies
- July 2018: "US North Korea policy affected by personnel changes in the Trump administration" lectured by Tsuneo Watanabe, Senior Fellow of the Sasakawa Peace Foundation.
- "China-North Korea relationship under Xi Jinping" lectured by Shin Kawashima, Professor of the Tokyo University.
- "North Korean Denuclearization and Russia" lectured by Nobuo Shimotomai, Professor of the Hosei University.
- March 2018: "The Network Hegemony Theory for a Security Architecture in The Asia Pacific Region" lectured by Masahiro Akiyama, Chairman, the Society of Security and Diplomatic Policy Studies
- January 2018: "A Destabilized Middle East" lectured by Koichiro Tanaka, Professor, Keio University
- December 2017: "Problems in Sino-Japanese Relations, 1992-2042" lectured by Ezra F. Vogel, Professor of the Social Sciences Emeritus at Harvard University
- November 2017: "The Future of the Asia-Pacific Region" written by Yoriko Kawaguchi, Fellow, the Meiji Institute for Global Affairs, Former Minister Foreign Affairs
- October 2017: "A New Trend in India's Foreign Policy and Japan" Written by HIROSE,Takako, Professor, Senshu University
- August 2017: "The Shocks that shook the Transatlantic World and their Implication for Japan's Foreign Policy" written by HOSOYA, Yuichi, Professor, Keio University
- August 2017: "Does Economic Interdependence not Encourage Collaboration? ―Thinking Japan-China Relations from an Economic Perspective―" written by Takashi SEKIYAMA, Ph.D., Toyo University
- July 2017: Proposal article "The Trump Administration's Impact on the Cross-Strait Relations" written by Yasuhiro Matsuda, Ph.D.
- June 2017: Proposal article "The outlook for the relationship between two great powers and implications for Japanese diplomacy" written by Professor Shin Kawashima
- May 2017: (Emergency Proposal) Facing the Inconvenient Truth: Re-examining Policy for Peace and Denuclearization of the Korean Peninsula (Chief author, Masao Okonogi)
- March 2017: "Economic Influences of the Trump Administration" written by Professor Motoshige Ito
- February, 2017: Proposal article "Trump's Foreign and Security Policy - Unpredictable President, Realistic Secretaries - " written by Mr. Tsuneo Watanabe is posted on the website of SSDP.
- December, 2016: Proposal article "Reconsidering North Korea Policy: How to Deal with a Nuclear Armed Divided States" written by Professor Masao Okonogi is posted on the website of SSDP.
- November 2018: "The Present State of the Japanese Economy and Policy Issues" lectured by Motoshige Itoh, Professor Emeritus at the University of Tokyo.
- November 2018: "Expanding Social Security Expenses and Fiscal Reforms" lectured by Kazumasa Oguro, Professor at Hosei University.
- September 2018: "Taiwan Identity and Cross-Strait Relations and Trump's Taiwan Policy and the Future of Taiwan-US Relations-Discussion at The Second Japan-Taiwan Strategic Dialogue (June 21, 2018, Taipei)-" written by OGATA, Makoto
- September 2018: "Japan-Taiwan Dialogue 2018 Minutes", 21st June 2018, Taipei, Taiwan.
- July 2018: Report on The Second Japan – Philippines Strategic Dialogue prepared by Ms. Vindu Mai Chotani, Ph.D. Student, Graduate School of Public Policy, Tokyo University.
- May 2018: "Civilian Control "at Crisis"? – Perhaps Not, for the Case of the Field Sit-reps from SDF's South Sudan Mission" reported by Ippeita Nishida, Research Fellow, the Sasakawa Peace Foundation
- January 2018: "Fukushima, Genki？Project－Young Taiwanese volunteers introduce the facts on Fukushima's revival through documentary films－" reported by OGATA, Makoto, Former Chief of the Japan-Taiwan Exchange Association in Taipei
- December 2017: "Commemorating a Quarter Century of Dispatches of the JSDF's PKO Units: Challenges and Possibilities in the Post South Sudan" written by Takayuki Shoji, Lecturer, Nihon University
- November 2017: "19th CCP National Congress" written by Mr. Bonji Ohara, Senior Research Fellow, the Sasakawa Peace Fondation
- October 2017: "What is Japan's Role in the Indo-China border conflict?" written by Dr. NGAO,Satoru, Research Fellow, Institute for Future Engineering
- July 2017: "Overview of the Current Situation in Taiwan-" the Naturally Independent Generation" will affect the Taiwan"s politics-" written by Makoto Ogata MGE.(Ret.)
- June 2017: "Japan-U.S. Economic Dialogue" written by Mr.Takaaki Asano
- March 2017: "The Japan-Philippines Strategic Dialogue" written by Mr. Hideshi Tokuchi
- February, 2017: Current topic "The Importance of Japan's Security Role Under Trump" written by Dr. Satoru Nagao is posted on the SSDP website.
- December, 2016: Current topic "Widening Security Task: Will SDF do the Job?" written by Mr. Ippeita Nishida is posted on the SSDP website.
- March 2019: A research journal "Security Studies vol1 no01" just published
- February 2019: The Denuclearization of North Korea and the Takeshima Issue
- December 2018: Former Vice Defense Minister Masahiro Akiyama's Memoirs (An Ad)
- November 2018: Participation in the Future Consensus Forum held in Beijing
- September 2018: "2018 Indo-Pacific Security Dialogue" reported by Masahiro Akiyama
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- October 2017: Campaign on the problems with North Korea
- August 2017: A New Containment Policy Strategy
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- March 2017: President Duterte
- February, 2017: Kazakhstan
- November, 2016: Participated in Astana Club 2016 held in Kazakhstan on November 14- 16, 2016.