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在线翻译:
szdaily -> World Economy -> 
Japan ‘expects bilateral trade deal with US’
    2018-04-02  08:53    Shenzhen Daily

    JAPAN will have little choice but to enter into a bilateral trade deal with the United States similar to one President Donald Trump clinched with South Korea, a former top Japanese currency diplomat said.

    

    Naoyuki Shinohara, who was also deputy managing director at the International Monetary Fund, said Washington will keep pushing for a bilateral free trade agreement (FTA) with Japan given Trump’s “America First” agenda and Tokyo’s calls to use a multilateral framework will only buy it some time.

    

    “The United States is only interested in a bilateral deal and probably won’t listen to Japanese calls for a multilateral approach on trade,” said Shinohara, who retains close contact with international financial diplomats.

    

    “Japan will eventually have to enter FTA talks” and face U.S. pressure to open up its auto and farm markets, he said Friday.

    

    Global markets were shaken last month when Trump moved to impose tariffs on Chinese goods and China threatened similar measures, stoking fears of a global trade war.

    

    Shinohara said there was a small but real risk of a Sino-U.S. trade war, which could spiral out of control given Trump’s unpredictability.

    

    “A trade war is a worse-case scenario and doesn’t make economic sense as both sides will lose. But once there’s a war, it’s hard to stop shooting. The possibility is small but not unthinkable,” he said.

    

    An escalating trade spat could spread, including to Japan, said Shinohara, currently a professor at a University of Tokyo research institute.

    

    Japanese policymakers worry that Trump could use a similar approach to what he took with South Korea, which agreed on a trade pact with a side deal to deter competitive currency devaluation.(SD-Agencies)


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