Japan PM Ishiba denies intent to resign, backs US trade deal | The World | ABC NEWS
Facing reporters soon after announcing a muchneeded US trade deal, Japan’s prime minister was instead forced to address his own political future. Following reports that he was due to resign next month, Chagaru Ishiba said there was absolutely no discussion about him stepping down as leader, adding there was no truth to the reports. Japanese newspapers seized on the story just as Donald Trump and Japan’s trade negotiator revealed details of a deal to avert an impending tariff hike. It was not a simple negotiation, but today we reached an agreement that serves the interests of both countries on the basis of mutual understanding and trust. It’s a great deal for everybody. I always say it has to be great for everybody. It’s a great deal a lot different from the deals in the past. I can tell you that Ishiba pledged to remain as leader after his coalition lost its majority in upper house elections, specifically to oversee high stakes US trade negotiations. While both the states and Japan spoke favorably of the deal, it leaves in place 15% tariffs that may hurt major Japanese exporters, including Toyota and Honda, and fails to resolve deeply unpopular inflation that partly explained Ishiba’s battering at the polls. Ishiba says he will now work with Trump to implement the deal. Whether he’ll still be around for those discussions, voters are skeptical. I knew he would resign once the tariffs agreement is met and it was pushed a bit forward. Japan’s opposition is now weighing up whether to launch a no confidence motion. Angus Mintosh, ABC News.
Japan’s prime minister says there is “no truth” to reports by Japanese outlets that he plans to resign next month after a battering at the polls. It comes as Shigeru Ishiba and Donald Trump announce a trade deal averting 25% US tariffs on Japanese imports. Japan’s sharemarket rose to a one-year high on news of the deal. Angus Mackintosh reports for The World. #ABCTheWorld #ABCAsiaPacific
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