US VP Pence Asks Japanese Firms to Expand US and Employment in US

U.S. Vice President Mike Pence asked Japanese business leaders Wednesday to expand their investment and employment in the United States, while also calling for “high levels of market access” as Washington is seeking to launch free trade negotiations with Japan.

Pence met with Toyota Motor Corp. President Akio Toyoda and other business leaders in Tokyo after he attended Tuesday the first round of a high-level economic dialogue between the two countries. He said the United States will support Japanese firms investing in the country, according to participants of the meeting, most of which was closed to the media.

In a speech later in the day, Pence said the United States wants to foster a trade relationship that is “both free and fair and benefits the two nations.”

Trade barriers must be broken down and playing fields must be leveled “so that American companies and exporters enjoy high levels of market access,” he said.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza