NNA - Japan's envoy for upcoming tariff talks with the United States said on Monday that Japanese company profits were falling "day by day" as he called for a swift solution.
Economic Revitalisation Minister Ryosei Akazawa will visit Washington for the negotiations this week, Prime Minister Shigeru Ishiba told lawmakers on Monday.
The government has so far failed in attempts to secure exemptions from the US tariffs, including 25 percent on the global auto sector that took effect in early April.
US President Donald Trump is also planning a separate levy of 24 percent on Japanese goods, which has been paused.
"As some tariffs have already taken effect, Japanese companies' profits are being cut day by day," Akazawa said in parliament.
"The sooner (the issue is addressed), the better," he said.
In Washington, Akazawa will reportedly issue a strong call for a review of Trump's tariffs.
"I will do my best, bearing in mind what's best for our national interests and what is most effective," he said.
Japanese media, citing government sources, said Akazawa's talks with Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer were set for Wednesday. -- AFP
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