Abe Hoping to Move Conversation Away From Monetary Policy

Prime Minister Shinzo Abe heads to Washington on Thursday hoping promises to help create U.S. jobs and bolster Japan’s military will persuade U.S. President Donald Trump to turn down the heat on trade and currency and stand by the decades-old alliance.

Japanese officials have been soothed by security assurances from Defense Secretary Jim Mattis and others. But they worry Trump may go off script when the two leaders meet, first for a summit in Washington on Friday and then for a round of golf near the “Winter White House” in Florida.

Some in Tokyo even worry that Trump, a global businessman and author of “The Art of the Deal”, might eventually make some sort of pact with rival China that leaves Japan out in the cold.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.