The United States And Japan Will Confirm The Position Of Close Cooperation At This G7 Summit.

The United States and Japan held bilateral leaders' talks on the 25 th of last month.

The policy of entry into force.

Prime Minister Andouble said he would take the responsibility to win congressional approval in the autumn. President Barack Obama said he would take responsibility for the conclusion of the canal.

In order to make the TPP effective, the US and Japan complete the domestic procedures. However, because of the controversy about the open information and the Xiongben earthquake in Japan, the deliberation stagnated and failed to ratified the TPP agreement and related bills in the regular session of this (2016) year (until June 1st).

On the other hand, the progress of the US review is even more uncertain.

Despite the goal of the Obama administration, which ended after the presidential election in November, the TPP was approved by Congress. In view of the fact that the Republican nominated presidential candidate, trump, also opposed TPP and other factors, any candidate who became president of the United States would change the relevant policy.

Under the uncertain future of TPP development, the leaders of the US and Japan still have the goal of ratification by the Congress as early as possible, and try to improve the possibility of early entry into force of TPP through the influence of G7.

TPP and G7 member countries promote economic and trade agreements to boost the current downturn.

Indispensable, G7 countries are expected to be stubborn in this leadership meeting.

The importance of this includes the early completion of the euro Japan economic partnership agreement (EPA) and the the Atlantic round of trade and investment agreement (TTIP) between the United States and the European Union.

With the slowing growth of emerging economies, G7 hopes to expand trade through economic and trade agreements among Member States.

Prime Minister Andouble said that the United States and Japan will confirm the position of close cooperation in this G7 summit to solve international problems. In addition, in order to avoid slowing global economic growth, the importance of fiscal policies such as infrastructure investment will be stubborn.

The Japanese side hopes to cooperate with the United States to promote the conservative stance of fiscal policy in the United Kingdom and Germany.

The G7 finance ministers / central bank CEO meeting was held in Sendai, Japan before the summit of G7. After the conference, the application of the consensus financial policy will be judged by all countries. It is thought that leaders will continue to exchange views, so as to seek a more positive perspective and consolidate the outcome of this issue.

In addition, the two sides did not mention the exchange rate issue in view of the larger differences between the US and Japan.