WASHINGTON – Japan's trade and industry minister said on Thursday (Jan 5) post-Cold War free trade and economic inter-dependence had bolstered authoritarian regimes and the US and like-minded democracies should counter them with a 'new world order.' 'Authoritarian countries have amassed tremendous power, both economically and militarily,' Japan's Minister of Economy, Trade and Industry Yasutoshi Nishimura said in a speech...
Japan's Minister of Economy, Trade and Industry Yasutoshi Nishimura arrives at Prime Minister Fumio Kishida's official residence in Tokyo, on Aug 10.WASHINGTON – Japan's trade and industry minister said on Thursday post-Cold War free trade and economic inter-dependence had bolstered authoritarian regimes and the US and like-minded democracies should counter them with a "new world order.
Nishimura spoke ahead of a visit to Washington next week by Japanese Prime Minister Fumio Kishida for talks expected to cover issues including Ukraine, North Korea and China's tensions with Taiwan. That summit will be preceded by talks between defence and foreign ministers of the two countries. Leaders from the Group of Seven industrialised nations are likely to discuss how to respond to economic coercion when they meet in May in the Japanese city of Hiroshima, Nishimura said.
He urged that US-Japan co-operation extend beyond semiconductors to biotechnology, artificial intelligence and quantum science. The statement said they were joined by executives from International Business Machines Corp and Japan's Rapidus Corp who shared an overview of their collaboration on semiconductor R&D.
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