Reuters - Video

Edition: US | UK | IN | CN | JP

video Video

Japan eyes U.S. jobs ahead of Abe-Trump summit

Wednesday, February 08, 2017 - 01:37

Japan is hammering out plans to show U.S. President Donald Trump its firms are ready to create U.S. jobs, as Prime Minister Shinzo Abe prepares for a summit where automotive trade will be high on the agenda. Ryan Brooks reports.

▲ Hide Transcript

View Transcript

Japan's leader heading to Washington this week, trying to cool off Donald Trump's fiery trade talk. Prime Minister Shinzo Abe also hoping to sway the president to stand by a decades-old alliance. During his campaign Trump complained Tokyo wasn't paying enough for American troops stationed in Japan. And labelled it a big contributor to the U.S. trade deficit - along with China and Mexico. Abe will come bearing gifts - a proposal Tokyo says could create 700 thousand American jobs. (SOUNDBITE) (Japanese) JAPANESE PRIME MINISTER SHINZO ABE SAYING: "I'd like to discuss thoroughly with the U.S. President how we can contribute to an increase in productivity and competitiveness of American industries, and in job creation, including that of Japanese companies which have already made inroads there." Now that Trump has abanonded the Trans-Pacific Partnership, he wants to open talks with Japan on a new two-way deal. Abe's said he'd consider it. But officials in Tokyo are wary of how Trump will read that move. (SOUDNBITE) (Japanese) FORMER TRADE MINISTRY OFFICIAL AND PROFESSOR OF CONTENT BUSINESS STRATEGY AT KEIO UNIVERSITY, HIROYUKI KISHI, SAYING: "Trump uses the same rhetoric as the Reagan administration in the 1980s that accused Japan of causing trade frictions with the U.S. over car imports. For those who have some insight of the economy, Trump's view is out-dated and criticising Japanese companies like this is definitely a cause for concern." Abe is likely to say Japan is willing to play a bigger military role in Asia. Any pledge he makes over rounds of golf with Trump on defense spending may not play well at home, given Tokyo's staggering public debt.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Japan eyes U.S. jobs ahead of Abe-Trump summit

Wednesday, February 08, 2017 - 01:37