What will happen to the economic relationship between Japan and the United States if the Biden administration is realized?
November 8th, 19:16
We spoke with experts about the impact of the Biden administration on economic relations between Japan and the United States.
Regarding the impact of the Biden administration on economic relations between Japan and the United States, Takaaki Asano, senior analyst at Sumitomo Corporation Global Research, said, "In terms of trade negotiations, the Trump administration suddenly announced a tariff increase and put pressure on it. Although measures were taken to pull into negotiations, I don't think they will be involved in negotiations with the United States or economic negotiations including the United States in that way. It will be easier for Japanese companies to do so in terms of increasing predictability. Isn't it? "
On the other hand, he pointed out that in the future, there is a possibility that trade negotiations will be started after the administration has firmly set policies, and Japan may be forced to make strict choices.
Regarding the environment and energy policy, "Since the Biden administration has set out to promote investment and development of the environment and energy policy more aggressively, it is very likely that the speed will accelerate in Europe and the United States. Companies and governments must do their best to keep up with them. "
Regarding the intensifying US-China conflict, "There are no signs that hegemony competition in the high-tech field will weaken. Mr. Biden says that he will consult with allies in advance before developing a policy toward China. So I think it will be more predictable, but I think that is contrary to the risk of bringing in unacceptable consultations with China for Japan. "