Japan’s PM calls US-Japan trade deal “win-win”

Japanese Prime Minister Shigeru Ishiba described the recently finalized trade agreement between Japan and the United States as a “win-win” situation for both nations. Speaking in parliament on August 4, Ishiba emphasised that implementing the terms of the deal could be more difficult than negotiating it.

“Some say that carrying the trade deal out is harder than agreeing on it. I humbly seek your continued support on this,” Bloomberg quoted Ishiba’s statement, Caliber.Az reports via foreign media.

To mitigate potential economic impacts from US tariffs, the Japanese government is prepared to allocate additional budget resources. Ishiba noted, “We will compile one if necessary, taking into account discussions with other parties.”

At the same parliamentary session, Japan’s chief trade negotiator Ryosei Akazawa acknowledged criticism over the absence of a written agreement.

“It’s my understanding having something on paper would be helpful,” he said, adding that Washington has similarly not formalised its deals with the European Union and South Korea in writing.

The trade deal, announced by US President Donald Trump in July, includes a commitment of $550 billion in Japanese investments in the United States. Under the agreement, Washington will implement a 15 percent flat rate levy on imports from Japan, significantly lower than the previously threatened 25 percent tariff.

In a post on the Truth Social platform, President Trump praised the deal:

“We just completed a massive Deal with Japan, perhaps the largest Deal ever made. Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits.”

By Sabina Mammadli