Japan is the world’s third-largest economy and remains one of the most reliable trade and investment partners for the United States. As two democracies accounting for 30% of the global economy, the United States and Japan could generate greater benefits for each other and beyond through closer cooperation. However, regional tensions are raising concerns about the economic stability in the region, and U.S. withdrawal from the Trans-Pacific Partnership has excluded U.S. businesses from preferential tariff and investment protections in Japan.
On September 18, 2019, Sasakawa USA and Global Minnesota sponsored a panel discussion, “Doing Business in Japan in Turbulent Times,” which covered these developments and opportunities for Minnesota companies despite the turbulence. The discussion covered a variety of topics, including Japan’s business climate, the U.S.-Japan relationship, trade tensions and treaties, as well as legal, tax, and accounting issues. Former U.S. Vice President and Ambassador to Japan Walter Mondale provided brief opening remarks.