US Pushes for Faster Progress on Investment Agreement with Japan

(MENAFN) US Treasury Secretary Scott Bessent has called for “rapid and consistent progress” on a proposed investment agreement with Japan, following high-level meetings in Tokyo on Tuesday.

During discussions with Japanese Economy, Trade and Industry Minister Ryosei Akazawa, Bessent emphasized continued cooperation between the two countries, particularly in areas linked to critical minerals and global supply chains.

He noted in remarks shared on social media that both sides are working closely on strategic economic issues, while stressing the importance of advancing the investment framework between Washington and Tokyo.

Bessent said he “highlighted the continued positive collaboration between the United States and Japan on issues pertaining to critical minerals and supply chains.”

He also reiterated the US position on accelerating negotiations, stating: “I emphasized the need for rapid and consistent progress on the US-Japan investment agreement.”

In a separate meeting with Japanese Finance Minister Satsuki Katayama, Bessent reaffirmed what he described as a strong and stable economic partnership between the two allies.

He added that communication between the two governments remains close, particularly regarding currency market stability and efforts to avoid excessive volatility.

“The level of communication and coordination between our teams in addressing undesirable, excess volatility in currency markets continues to be constant and robust.”

According to Bessent, the talks also covered investment screening mechanisms in Japan, alongside broader cooperation on critical minerals and ongoing discussions aimed at strengthening bilateral economic ties.

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