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Japan's foreign minister discusses defense spending and investment at Trump's inauguration - Global Banking & Finance Review
The image depicts Japan's Foreign Minister Takeshi Iwaya emphasizing defense spending and investment strategies at Donald Trump's inauguration, highlighting Japan's economic ties with the U.S.
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Japan foreign minister to highlight defence spending, investment at Trump inaugural

Published by Global Banking & Finance Review

Posted on January 17, 2025

2 min read

· Last updated: January 17, 2025

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Japan to Emphasize Defence Spending at Trump's Inauguration

TOKYO (Reuters) - Japan's foreign minister said on Friday he would highlight the economic and national security value that the United States' key Asian ally offers during his visit to Washington for President-elect Donald Trump's inauguration on Monday.

During his four-day stay beginning Sunday, Foreign Minister Takeshi Iwaya will be the first senior Japanese official to meet members of the incoming president's governing team.

Iwaya said he was likely to meet with Trump's pick for secretary of state, Senator Marco Rubio, who is expected to be confirmed on Monday.

Iwaya said Japan's commitment to allocating 2% of gross domestic product to defence by 2027, in line with its national security strategy, was steadily progressing.

"Japan's status as the leading U.S. investor over the past five years also demonstrates our contributions," Iwaya said at a regular press briefing. "I will thoroughly explain and ensure understanding of these efforts," he added.

Despite Japan's deep economic and security ties with the U.S., including a decades-long military alliance that provides Washington with military bases on China's doorstep, Tokyo is unsure whether Japanese goods, such as automobiles, will be subject to the trade tariffs that Trump has said he will impose on imports.

Iwaya, who is making his first visit to the U.S. since taking up his post in October, said his trip will pave the way for a first meeting between Trump and Japanese Prime Minister Shigeru Ishiba, which is expected to take place next month.

(Reporting by Tim Kelly; Editing by Jamie Freed)

Key Takeaways

  • Japan's foreign minister to visit Washington for Trump's inauguration.
  • Focus on Japan's defence spending and economic contributions.
  • Meeting with Trump's team, including Marco Rubio.
  • Japan's commitment to 2% GDP defence spending by 2027.
  • Concerns over potential US trade tariffs on Japanese goods.

Frequently Asked Questions

What is the main topic?
The article focuses on Japan's foreign minister highlighting defence spending and investment during Trump's inauguration.
Who will Japan's foreign minister meet?
He is likely to meet with Trump's pick for secretary of state, Senator Marco Rubio.
What are Japan's concerns regarding US trade?
Japan is concerned about potential US trade tariffs on Japanese goods like automobiles.

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