JapanInc.net Voices Opinion on Japanese/U.S. Business Relations

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On the heels of an August 19th article entitled “Froman Touts Benefits of US-Japan Relationship to Increase Trade,” (published in The Hill) JapanInc.net online business oriented magazine voiced its take on the merging of the two economic powerhouses

Today JapanInc.net commented on The Hill’s August 19th article, “Froman Touts Benefits of US-Japan Relationship to Increase Trade” (by Vicki Needham), regarding a potential collaboration and bilateral negotiation between Japan and the U.S. that could potentially be a long-awaited resolution to disagreements over market access.

Needham reported that U.S. Trade Representative, Michael Froman, is optimistic that Japan and the U.S. can work together as Japan joins the Trans-Pacific Partnership negotiating table. Froman is quoted as saying on Monday, at the Japan National Press Club, that he believes the U.S. and Japan can “work together — respectfully and pragmatically — even in areas of the negotiations where our two countries don't see eye-to-eye, to find solutions that work for both of us, just as we were doing with the other TPP partners…As many leading Japanese figures in politics, business, and academia have noted, the TPP has great potential to contribute to Japan’s economic revitalization.”

JapanInc.net is hopeful that the U.S. and Japan can move quickly on negotiations so that a compromise can be written into the TPP deal by the end of the year. JapanInc.net’s Senior staff writer is quoted as saying, “The U.S. and Japan are so similar in so many ways, both being powerful world economic actors in our own right, that it just makes sense to collaborate instead of work against one another. I believe we can accomplish so much more together.”

The U.S. and Japan share many of the same companies, for example Aflac, Geico, and Charles Schwab. Schwab announced in September 2012 that it would be going global, with Japan as the first international company it would be providing with the Schwab Global Account. Then again, there are international American companies that have recently downsized operations in Japan, such as Bank of America.

JapanInc.net released its own article, “Japan’s Economic Outlook: The Good, the Bad, and the Ugly,” and took an unbiased view on Japan’s business and economy status. JapanInc.net is quoted as saying, “We’re not sugarcoating the fact that Japan is facing some challenges and political difficulties of its own right now. But we feel that two heads are better than one, and two countries working together are better than one working solo, so if Japan has a shot of overcoming its issues, and the U.S. faces the chance to finally put to bed the last of our recession woes, it makes sense to hold hands and go at it together.”

About JapanInc.net:
Japan Inc. is an online magazine that mainly discusses e-commerce, the web, technology, and other things regarding e-business in Japan.

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Adrian Hall
Japan Inc
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