日経サタデー ニュースの疑問 2025年2月8日 速報！日米首脳会談を分析…初対面の成果は？
#EnglishMovie #cdrama #drama #engsub #chinesedramaengsub #movieshortfull
#EnglishMovie #cdrama #drama #engsub #chinesedramaengsub #movieshortfull
Category
📺
TVTranscript
00:00Good morning.
00:01Good morning.
00:02This is the news for the morning of February 8th.
00:04Let me introduce our guest for today.
00:06This is Mr. Ken Saito, former Minister of Economy and Industry.
00:09Good morning.
00:10Good morning.
00:11Thank you for joining us.
00:12Next, we have Mr. Ken Saito, who is an expert on international relations
00:15centered around the United States.
00:17Mr. Saito, please.
00:18Thank you for having me.
00:19I am a member of the United States Congress.
00:21I am a member of the United States Congress.
00:23I am a member of the United States Congress.
00:25I am a member of the United States Congress.
00:27Next, we have Mr. Tetsuo Kotani, who is an expert on international relations
00:30centered around the United States.
00:32Good morning.
00:33Thank you for having me.
00:34Thank you for having me.
00:36Next, we have Mr. Naoya Yoshino, who has been a reporter for the
00:39Japan Economic News International for many years.
00:42Good morning.
00:43Thank you for having me.
00:44Thank you for having me.
00:45Thank you for having me.
00:46Today, I will be talking with these three people,
00:48and I will also be interviewing them.
00:50Now, let's take a look at the headlines.
00:52Here they are.
00:54This is the first of its kind in Japan and the U.S.
00:58I will be analyzing the headlines.
01:00Mr. Yamakawa.
01:01Today, I will be analyzing the headlines,
01:04and I would like to see if they were successful or not.
01:10As I wrote below,
01:11I would like to see if they were successful or not.
01:14It seems that Mr. Ishiba has learned a lot this time.
01:18Mr. Kishida, Mr. Aso, and Mr. Son of SoftBank
01:24have all learned a lot this time.
01:27I would like to see if they were successful or not.
01:32And now, Mr. Ishiba.
01:34This is the first time that President Trump and I have had a
01:36joint press conference in Japan and the U.S.
01:38I would like to ask Mr. Hirohito Nakamura,
01:41the Director of TV Tokyo in Washington, D.C.,
01:43what kind of conference it was.
01:45Mr. Nakamura.
01:48Yes.
01:49Many Japanese government officials have said that
01:52President Ishiba and President Trump's meeting
01:54was a very atmospheric meeting.
01:59At the beginning of the meeting,
02:01President Trump, who was as relaxed as usual,
02:05fell deeply into his chair,
02:07and began with a little nervousness.
02:10At the beginning, President Ishiba
02:12touched on President Abe,
02:14who has established a good relationship with President Trump,
02:17and emphasized that Japan and the United States of America
02:20have a very close relationship,
02:22and that they want to work together
02:24to make the world a more peaceful place.
02:26In addition, President Ishiba
02:28said that he would like to build factories
02:30in the United States with Toyota,
02:32which has a large number of automobiles,
02:34and Isuzu, which has a large number of cars.
02:36He also said that Japan's anti-U.S. investment
02:38is the number one in the world for five consecutive years,
02:40and that he would like to extend it further.
02:42In the past, President Ishiba
02:44talked about President Abe,
02:46but at the beginning of the meeting,
02:48he seemed to want to move forward
02:50with his relationship with President Trump.
02:53Mr. Nakamura,
02:55the joint meeting was over
02:57through the whole thing,
02:59but was it okay to assume that
03:01the high-level ball that
03:03Mr. Trump was worried about
03:05had not been thrown?
03:10Yes.
03:11President Trump
03:13suggested constitutional health
03:15legislation for Japan
03:17and said that
03:19he wanted to make it equal.
03:21President Trump
03:23emphasized the precedent
03:25of imposing tax rates on Japan
03:27as long
03:28as the contents of the
03:30Nikkei Treaty of Triparty
03:32on Japan have not been implemented.
03:35On the Trump Administration
03:37that negotiates deals
03:39with the tax deduction
03:41President-elect Joe Biden's remarks were within the expected range, but it seems that we need to continue to be wary of how President Trump will appear in the future.
03:49That's all for the broadcast.
03:51Yes, it was a broadcast from Washington.
03:53I will hear from Mr. Nakamura again later.
03:56Mr. Saito, I will deepen one by one, but what is your overall impression as a whole?
04:03I think that we have almost covered all the content that should be included, including security guarantees and the economy, so I think that we have achieved sufficient results in terms of content.
04:18In addition, I had the impression that President Trump was very careful about Prime Minister Ishiba, so I thought it was a real surprise.
04:33Mr. Abe also said a lot about Mr. Ishiba, and at the joint press conference, it was like asking more questions to Mr. Ishiba, so I felt that he was very popular overall.
04:49This was really a surprise.
04:51I thought that the relationship between Japan and the United States was important to a certain extent, but so far, I have had a very strong impression of lifting up Prime Minister Ishiba, so this was a surprise to me.
05:07How about you, Mr. Kodari?
05:09I think it was a success as a face-to-face meeting.
05:16However, the overall policy of the Trump administration has not yet been decided, so it is possible that various orders will be placed on Japan after this, so I think that we should not be at ease with this.
05:30However, during the joint press conference, Mr. Trump strongly responded to Mr. Ishiba's statement.
05:39After Mr. Trump made a statement on Japan's interests, a reporter asked him,
05:45When Mr. Ishiba asked Mr. Trump if he could impose retaliatory sanctions on Japan, Mr. Trump responded that he could not answer such a question.
05:54At that time, Mr. Trump showed a very welcoming attitude.
06:00In the Trump administration, Mr. Ishiba's reaction was good.
06:04It seems that he was evaluated as a person who could respond flexibly.
06:10In this respect, I think that Mr. Ishiba's evaluation has risen in the Trump administration as well.
06:16He was told that he could not answer a question about his family, and that it was normal for him to answer a question about the National Assembly, and the reporter laughed a lot.
06:26In the United States, it was not a general response, so it was a fresh one.
06:32Mr. Yoshino, what do you think?
06:34I agree with both of you.
06:36What impressed me was that Mr. Trump used the word Prime Minister, but for the first time, he used the word Ishiba.
06:49In addition, Mr. Trump and Mr. Ishiba had very low expectations for each other.
07:03If you open the lid, it is not a story that is so special at the level of the General Assembly of Japan and the United States.
07:12However, for both of them, maintaining the current situation led to evaluation.
07:19I think that the fact that they continued to pursue policy across the board, such as foreign security guarantees, was low expectations.
07:30I think that it led to evaluation just by acknowledging the normal things.
07:37Low expectations means that when you look at it from the point of view of the people, you think, is it okay this time?
07:44I interviewed Mr. Ishiba, and there was a comparison with Mr. Abe, so I thought, is it really okay?
07:51I thought that such a Japanese-style answer would irritate him for a long time.
07:56There are various reasons.
07:57I think there were people who had low expectations on purpose and people who really thought so.
08:03As a result, he was able to do it normally.
08:06So did Mr. Trump.
08:09I think it was a bit of a strategy.
08:14After the commercial break, let's take a look at what Mr. Ishiba said at the joint press conference.
08:22In this special, we will analyze the contents of Mr. Ishiba's speech.
08:28The first theme is whether the speech was successful.
08:33This time, the speech was a hasty one-night-three-day speech during the National Assembly.
08:39The first speech was a small number of people.
08:43After that, we had a working lunch while eating for over an hour.
08:48After that, we went to the joint press conference.
08:50First, please look at that video.
08:59Japan and the United States of America are now in a very close relationship.
09:05It's all because of the first Trump administration.
09:11President Obama and the current Prime Minister Abe.
09:16The two of them built that relationship.
09:20Shinzo was a great friend of mine.
09:22So sad.
09:24I couldn't have felt worse when that happened to him.
09:28Shinzo had tremendous regard for you.
09:31And I know that you were a good friend of his, too.
09:34President, are tariffs an option if the deficit doesn't get to equilibrium or to equality?
09:39Yes, they are.
09:50The military cooperation between the United States and Japan is one of our closest security partnerships.
09:56And it's one of the closest we have anywhere in the world.
10:00Japan is committed to double its defense spending by 2027.
10:05Because of my first term, we worked on that very hard with Shinzo.
10:09You know the great Shinzo Abe.
10:12And we look forward to seeing even more so.
10:17And I'm pleased to say that this week my administration approved nearly a billion dollars in foreign military sales to Tokyo.
10:25We agreed to cooperate even more closely to combat the Chinese economic aggression, which is quite aggressive.
10:33I'm also pleased to announce that Japan will soon begin importing historic new shipments of clean American liquefied natural gas in record numbers.
10:43It'll be record numbers.
10:45Chronic trade deficits not only undermine our economy, they really do.
10:51And we're going to get rid of the trade.
10:53We have a trade deficit with Japan of over $100 billion.
10:56But we're going to work that out.
10:58And I think very quickly, frankly, we can do it just on oil and gas.
11:02The idea of U.S. Steel is a very important company to us.
11:06We didn't want to see that leave.
11:08They've agreed to invest heavily in U.S. Steel as opposed to own it.
11:13The U.S. investment in Japan has grown exponentially since President Trump took office.
11:24Today, I told you that we want to raise the U.S. investment to an unprecedented level of $1 trillion.
11:32And we want to work together to achieve that.
11:38Even when it comes to the issue of tariffs,
11:40we have to work together to make sure that we benefit each other.
11:50We have to make sure that we benefit not only the U.S., but also Japan.
11:58How did you feel about President Trump's speech?
12:04When I saw him on TV, I didn't have the impression that he was a scary person with a strong personality.
12:14But when I actually met him,
12:18I felt that he was a man with a strong sense of duty to the United Nations and the world.
12:26I felt that way without any political pressure.
12:34The U.S. affinity for tariffs is well known.
12:36If the U.S. places tariffs on Japanese imports, would Japan retaliate?
12:41I can't answer your question.
12:45That's the standard Japanese answer.
12:51That's a very good answer.
12:54Very good answer. Wow.
12:57That's very good. He knows what he's doing.
12:59I just summarized the main points of the joint press conference.
13:05On the issue of Japanese-made U.S. steel purchases,
13:08Prime Minister Ishiba strongly recognizes that either side must have a unilateral relationship to gain profits.
13:14President Trump says that it is not a purchase, but a mutual investment.
13:19And on the issue of tariffs,
13:21Prime Minister Ishiba says that it should be set in a way that benefits each other.
13:26President Trump says that mutual tariffs are a fair way to do things.
13:30And on the issue of security cooperation,
13:33Prime Minister Ishiba confirms the application of the Five-Priority Treaty on Security of the United States.
13:38President Trump says that he will use his power to protect his allies.
13:42On the issue of economic cooperation,
13:44Prime Minister Ishiba said that he would like to raise the U.S. import expansion of LNG to $1 trillion.
13:51Mr. Saito, where would you like to focus on?
13:55What we were most worried about was that
13:59there was a possibility that things that should have been agreed upon would be overturned on a capital-based basis.
14:06President Trump often does things that are different from what his administration has accumulated,
14:13so we were most worried about that.
14:15But there was almost no such thing.
14:20So I think that we were able to make a proper agreement
14:24in the field of economic cooperation and security compensation.
14:30That's what I think overall.
14:33Mr. Kotani.
14:35Yes.
14:37From the Trump administration's perspective,
14:40we don't intend to make a big deal out of the issue of trade or defense in this summit.
14:48What the Trump administration wants most
14:50is an agreement on a medium-to-long-term strategy with Japan.
14:55I think that's exactly what we saw in the joint statement.
15:01I think that the U.S. side also feels that they have reached an agreement with Japan.
15:07Of course, I think that there will be different points of view
15:11at the stage of actually implementing it,
15:15but I think that we need to manage it well in the future.
15:19I'll talk about the security compensation in more detail later,
15:23but the phrase China was included in the agreement, right?
15:27There was also an observation that it might disappear.
15:31Was the U.S. also particular about that?
15:34Well, the U.S. was the pillar of the medium-to-long-term strategy this time,
15:39so I don't think that the phrase China was included in the agreement.
15:43I don't think that the phrase China was included in the agreement.
15:47I don't think that the phrase China was included in the agreement.
15:51I don't think that the phrase China was included in the agreement.
15:55I don't think that the phrase China was included in the agreement.
15:59I don't think that the phrase China was included in the agreement.
16:03I don't think that the phrase China was included in the agreement.
16:08The so-called foreign security insurance and the economy are the same,
16:12but for the time being, can Japan's defense and China's problems continue?
16:16In other words, there are things that Japan and the U.S. have accumulated, right?
16:20The same goes for the nuclear issue, and this is Taiwan, right?
16:24I think that China's problem can be focused on the Taiwan Strait issue,
16:28so I think that the phrase China was included in the agreement is natural,
16:32so I think that the phrase China was included in the agreement is natural,
16:36but I think that it has a great meaning.
16:40Now, let's go to the Washington Post.
16:44Now, let's go to the Washington Post.
16:48Mr. Nakamura, what was the atmosphere like at the press conference?
16:54At the press conference, President Trump was asked to sign a deal with Prime Minister Ishiba.
17:00At the press conference, President Trump was asked to sign a deal with Prime Minister Ishiba.
17:04At the press conference, President Trump was asked to sign a deal with Prime Minister Ishiba.
17:08At the press conference, President Trump was asked to sign a deal with Prime Minister Ishiba.
17:14First of all, what President Trump handed over to Prime Minister Ishiba at the beginning of the press conference
17:18was a photo taken by the two of them in the White House
17:22and a photo book using his own photo as a cover.
17:26In addition, Mr. Trump said,
17:28It would have been nice if I was as handsome as Prime Minister Ishiba,
17:31but I was also told that I was not.
17:35The reason why President Trump was in such a good mood
17:39was that Prime Minister Ishiba announced that he would expand the US investment of Japanese companies to $1 trillion,
17:43or about 151 trillion yen.
17:47Prime Minister Ishiba also announced that he would buy LNG from the United States and liquefied natural gas.
17:54He said that the interest rate of Japanese companies' investment in the United States is increasing,
17:58and he appealed that Japan would contribute to the expansion of employment in the United States and economic growth.
18:05I'm curious about how the American side is conveying this.
18:09Is there any information in it?
18:12Yes.
18:13The American media is also showing the relationship between President Trump and Prime Minister Ishiba.
18:20Politico, an American political site,
18:22said that President Trump is building a friendly relationship with a new leader in Japan.
18:28Other American media also said that
18:30Prime Minister Ishiba wants to improve the political situation in Japan by grasping the heart of President Trump.
18:39For Prime Minister Ishiba, who said that he took precautious measures against President Trump,
18:44it was a good first step towards building a new relationship between Japan and the United States.
18:49That's all for the broadcast.
18:51Thank you, Mr. Nakamura.
18:53Mr. Saito, the American side is also conveying it in an effective way without any harsh arguments.
18:59What do you think?
19:01Until now, before President Trump took office,
19:04President Trump had a close relationship with other countries.
19:10It's pretty intense, isn't it?
19:13That wasn't the case for Mr. Ishiba.
19:18For the American media who are watching the various stages,
19:21I think it was a good start.
19:24I think there was a strong impression.
19:30As I said at the beginning,
19:32in that sense, it was a surprise for me to get this far.
19:38The background of the surprise.
19:40How did Trump behave at this timing?
19:44That's important.
19:46I think he's probably thinking strategically.
19:50We need to analyze what that is.
19:56I don't think it's just good or bad.
19:59I can think of a lot of things.
20:01I talked about my relationship with China earlier.
20:04What I was worried about was that
20:06among Trump's close associates,
20:09like Mr. Rubio, who is the Secretary of State,
20:12there are also middle and upper-class people.
20:14And like Elon Musk,
20:17there are people who mainly think about business.
20:20Mr. Trump suddenly allowed TikTok.
20:24And then there's DeepSeek, which is a bit of a concern.
20:29I was wondering how much he had for China.
20:34I was wondering how much he had for China.
20:39I was wondering how much he had for China.
20:41I was wondering how much he had for China.
20:46I was wondering how much he had for China.
20:51I was wondering how much he had for China.
20:56I was wondering how much he had for China.
21:01Mr. Kotani, what do you think?
21:03You said that you were most concerned about
21:06what would happen to China.
21:08You said that you were most concerned about
21:09what would happen to China.
21:10What do you think about the way
21:12that this was put together in the end?
21:17The competition with China is the most important issue
21:20for the Trump administration.
21:24Of course, there are differences in positions within the administration,
21:27but overall, it is the most important issue.
21:31Japan's position is one of the most important allies
21:34in the middle of the competition.
21:38This is also shared.
21:40It is also the image of Japan that
21:43Prime Minister Abe planted on President Trump.
21:46I think that this joint declaration was
21:48an extension of that.
21:51There was a reaction from the American media earlier.
21:54What is more important is that
21:56he is more of an influencer than the mainstream media in America.
22:01In addition to Elon Musk,
22:03there is an influencer called Charlie Kirk
22:05who has millions of followers.
22:08He is in the White House on a daily basis.
22:10He is the one who is
22:12pushing the purchase of Greenland to Trump.
22:16If you look at Charlie Kirk's post earlier,
22:19he highly praised Japan's cooperation with China.
22:23Especially when it comes to increasing investment.
22:26In that sense,
22:28I think that Japan was successful
22:30because it was not able to
22:32get involved in the Trump administration.
22:38After the commercial,
22:40we will talk about the economy
22:42and the economy of Japan and the U.S.
22:50We will talk about Japan and the U.S.
22:52in a special program.
22:54Here is the second topic.
22:56We will talk about the economy,
22:58tariffs and U.S. steel.
23:00First of all,
23:02we will talk about the main points
23:04related to the economy.
23:06Regarding the U.S. investment,
23:08the U.S. will withdraw
23:10up to 1 trillion dollars,
23:12150 trillion yen.
23:14Regarding the U.S. steel issue,
23:16the U.S. will not buy,
23:18and the U.S. will not invest.
23:20Regarding the U.S. steel issue,
23:22the U.S. will not buy,
23:24and the U.S. will not invest.
23:26Also,
23:28Japan, the U.S. and the U.S.
23:30will cooperate
23:32in developing technology.
23:34Japan will help
23:36in developing a supply chain
23:38and a nuclear power plant.
23:40We will talk about the U.S. steel issue.
23:42I'm really curious about
23:44the U.S. steel issue.
23:46Let's take a look at the U.S. steel business.
23:50Yes, let's look at U.S. steel.
23:52Here, President Trump issued an order to cancel the purchase of U.S. steel from Japan.
23:58He said that it would be a company with higher returns and value,
24:06but he was opposed to the purchase of U.S. steel.
24:12However, U.S. steel CEO Britt and White House held a meeting on the 6th,
24:18and it was agreed that Japan and the U.S. should invest in U.S. steel rather than buy it.
24:24It's a complicated story.
24:26Mr. Kotani, the word investment has changed.
24:29Until now, Japan Steel was proposing to buy U.S. steel,
24:35but it's not buying, it's investing.
24:38What does investment mean?
24:40Does it mean investing in equipment?
24:43I'm not sure about that.
24:45How should I interpret this?
24:47It's not just investing in equipment.
24:50It's an overall investment.
24:53In other words, it's not buying U.S. steel.
24:56That's the most important point.
24:59Japan Steel's proposal for U.S. steel,
25:03for example, half of the U.S. steel will be sold to the U.S.,
25:08and the U.S. government will be prohibited from producing U.S. steel,
25:13so I think it's almost like an investment.
25:17I think the Japanese government wanted to accept the reality.
25:23However, I heard earlier that Japan Steel and the Japanese government didn't agree on this.
25:29Is that so?
25:31I think Japan Steel's executive will meet with Trump and finalize the decision.
25:37But the U.S. steel's CEO has already met with Trump,
25:40so of course, the information is in Japan Steel's hands.
25:44Yes, I tweeted against Trump on January 6th.
25:51At this point, Trump didn't know the details of the deal.
25:56He said that Japan Steel was against it because it was trying to buy U.S. steel.
26:01However, after hearing the details,
26:04I heard from the U.S. steel's CEO,
26:06and after understanding the details,
26:08I decided to participate in this meeting.
26:11Mr. Saito, I'm sure you're very interested in Japan Steel.
26:16Yes, I was involved in the Biden administration.
26:19Do you think Japan Steel is in a very mild direction?
26:25Well, we'll have to wait and see what happens next.
26:28First of all, I thought it would be a message to meet with the U.S. steel's CEO
26:34and put it on the table.
26:42That's why I made this statement in front of Japan Steel.
26:48What I was most worried about was that Japan Steel would say no at this point.
26:55It would really be over.
26:57It would be a disaster.
26:58So I think we're in a situation where we can continue to discuss calmly.
27:04But he's a deal maker, so we'll have to wait and see what happens next.
27:10And then there's the direct investment.
27:13The U.S. has announced a $1 trillion investment.
27:16Let's take a look at the current situation.
27:19The U.S. direct investment is expected to be around $1 trillion by 2023.
27:26In recent years, Canada and Germany have been pushing for it.
27:30The U.S. direct investment in the U.S. is expected to be around $1 trillion.
27:37Let's take a look at the U.S. trade policy.
27:41The U.S. Department of Trade announced last year's trade deficit.
27:45It is estimated to be around $185 trillion, the largest in the past.
27:49The first is China, followed by the EU and Mexico.
27:53Japan is the 7th largest country by region.
27:57At the State Council, President Trump said that reducing the deficit is one of the options.
28:04As for the U.S. trade deficit, President Trump said it was roughly $1 trillion.
28:11Let's take a look at the U.S. direct investment.
28:14There are a lot of misleadings in the world.
28:19Japan is not the number one in five consecutive years of investment.
28:23It's just the amount of direct investment that has been invested so far.
28:27Japan is the number one in five consecutive years of direct investment.
28:30Canada and Germany are the top in terms of investment.
28:34The gap between the two countries is getting narrower.
28:38President Obama said that Japan will invest up to $1 trillion, which is about $8 trillion.
28:47That's about $2 trillion more investment.
28:54Mr. Yoshino, do you like the one-trillion-dollar gap?
29:01I'm in the stock market, so I don't usually go to such a debate.
29:06This is the same with Trump 1.0, but it's a pretty big debate.
29:10This $1 trillion and the U.S. trade issue.
29:13If this is a topic for stockholders to really talk to each other about, it's never been discussed before.
29:18There was even talk of Toyota and Isuzu.
29:20This is clearly a Trump countermeasure.
29:23Mr. Trump has to be able to discuss individual, academic, and corporate names.
29:31This is also the case with Trump 1.0.
29:35Where are the 50 Japanese companies in the U.S.?
29:39How much employment do you have?
29:41How much investment do you make there?
29:43I think that's probably why there was such a large-scale press conference.
29:53Mr. Saito, do you think this is a good thing?
29:58I think so.
30:00There's a lot of preparation going on.
30:02This is only about investment.
30:04There are Japanese companies that have contributed to employment of 2 million people.
30:07Then there are Japanese companies that have contributed to employment of more than 10 million people.
30:12This is higher than other major U.S. companies.
30:19I don't know how far I've gone.
30:22For example, in the United States, there are 10 million automobiles.
30:26In fact, 3.3 million automobiles are produced by Japanese companies.
30:322.3 million automobiles are employed by Japanese companies.
30:36There is cooperation in the cutting-edge field.
30:42In fact, in the manufacturing field, Japanese-American cooperation is very strong.
30:47Please pay attention to that, too.
30:49U.S. Steel should think about it in that flow.
30:53Japanese-American cooperation in manufacturing.
30:56Japan's strength can be utilized.
30:58I personally think that message is important.
31:01Japanese-American cooperation in manufacturing is very important.
31:07I personally think that message is important.
31:11I think it was a good result regardless of how it was said.
31:18On the other hand, when it comes to the improvement of the trade balance,
31:22there was a talk about the LNG project.
31:26Mr. Kotani, it seems that the Alaska project has also been discussed.
31:32What do you think about it?
31:34President Trump has issued an order to promote energy development in Alaska.
31:43I think it will be a joint venture between Japan and the United States.
31:49However, it is a region with very strict weather conditions.
31:54Physically and technically, it is difficult.
31:57You have to build a pipeline for a long time.
32:00There is a talk about the cost.
32:03I think there may be aspects that must be done in return for production.
32:08However, when building a pipeline under strict weather conditions,
32:12it seems that the technology that Japan Steel has can be utilized.
32:18I think it may be an opportunity to deepen cooperation between Japan and the United States.
32:25Mr. Saito, energy is also important here.
32:28Originally, I thought that LNG would be the theme.
32:31It's not a minus for Japan.
32:33I would like to say something about the trade deficit.
32:36Certainly, it is a trade deficit, but it is a digital fund.
32:40It is a huge deficit for Japan to pay for the digital companies over there.
32:44It is a deficit of $400 billion in the world.
32:47It is a company of the United States.
32:49Certainly, Japan is black in terms of its assets.
32:52However, in the digital world, the relationship with the United States is largely red.
32:56I personally thought that President Trump would be more convinced of that.
33:04I don't know how it will be done,
33:06but I think that an approach to draw more attention to it will be necessary from now on.
33:10The digital red line in the form-fixing is paying a lot.
33:14It's not just about things.
33:16However, Mr. Trump is in the manufacturing industry.
33:19I don't know how far it will go.
33:21However, I think that such a discussion should be held.
33:24And one more thing.
33:25The most attention was paid to completion.
33:28There was no specific discussion this time, but on the second day.
33:33However, there was a statement that it would be announced next week
33:40that it would be announced next week.
33:44Mr. Kotani, what do you mean by comprehensive taxation?
33:51Comprehensive taxation is the same as the taxation that other countries impose on American products.
34:03I think that's why we want to eliminate trade fraud.
34:09I just confirmed that Japan is still on that list.
34:14But if it's something that Japan is betting on, it's agricultural products, right?
34:18I think it will be mainly agricultural products.
34:20I don't think this is targeting Japan.
34:23I think it will be a part of the flow of doing it unilaterally around the world.
34:28Is it different from imposing a 10% tax on the world?
34:33It's different.
34:34It's different, but it's probably going to be discussed after July.
34:39At least Japan is still on the list for comprehensive taxation.
34:43I think the decision will be made at the end of this week whether or not Trump will eventually remove Japan from the list.
34:51Mr. Yoshino, what do you think about this tax?
34:54Trump's message is that he doesn't make an exception.
34:58I don't think there's a message in that he's targeting Japan.
35:01I think there's an advantage in not making an exception.
35:05I think it's up to us to decide how things will go for each individual.
35:13After the commercial break, let's take a look at what will happen to the safety insurance.
35:17We've looked at the economy and safety insurance.
35:22Now let's look at the third item, the safety insurance and China's response to North Korea.
35:29First, let's look at the main points related to the safety insurance.
35:33First, let's look at the main points related to the safety insurance.
35:43Second, let's look at Japan's commitment to strengthen its defense capabilities.
35:54Third, let's look at the cyber space.
35:56Fourth, let's look at the Indo-Pacific, China, and North Korea.
36:01We've talked about 2 plus 2.
36:05Mr. Saito, at the beginning of the interview, you said that most of the items you wanted to include were included.
36:11Could you repeat that?
36:13For example, if the 5th article of the Japan-U.S. Security Treaty is adopted,
36:18it would be a big deal if it wasn't included.
36:22It would be a big deal if it wasn't included in the Ratch issue.
36:26It would be a big deal if it was asked to increase the defense spending.
36:31But it was included.
36:34But it was included.
36:38So it was a surprise that it wasn't included.
36:43So it was a surprise that it wasn't included.
36:46I was afraid of the outcome.
36:50But it wasn't like that.
36:52I was relieved that it was included in the discussion.
36:59Mr. Kotani, when you talked about the Indo-Pacific Quad,
37:03I thought that Trump would focus more on one-to-one, not multi-border.
37:10I thought that he would break down what the Biden administration has built up.
37:18But you said that you will do that.
37:21What should we look at here?
37:23For example, regarding the Quad,
37:25the Quad has been revived in the first term of the Trump administration.
37:29We couldn't hold a meeting at the state level,
37:32but the Trump administration has recognized that the Quad was built by itself,
37:37so it was revived this time as well.
37:40Regarding the Japan-U.S. relationship,
37:42we called for the improvement of the Japan-U.S. relationship,
37:45so it was realized during the Biden administration.
37:49We have the ownership, so the Japan-U.S. relationship is OK.
37:54Regarding the U.S.-Japan relationship,
37:56we have deepened our cooperation with the Philippines,
37:59so it was realized now.
38:01So, the so-called mini-lateral,
38:03the cooperation between the three or four countries,
38:06is something that the Trump administration wants to make an effective use of.
38:12Mr. Yoshino, where should we focus on in terms of security guarantees?
38:15Well, if you think about it as a whole,
38:18the strategy is to propose a plan that will attract the attention of the U.S. and Mr. Trump,
38:24and go to the base with this foreign security guarantee.
38:28I think that the strategy has succeeded as it is.
38:33As Mr. Saito said,
38:35it is an incident that the entire government has been confirming,
38:40but when it is not possible to confirm what should be confirmed,
38:45it is difficult to say what to do.
38:47So, the main step should not be in vain.
38:50As they say, there is no failure in the main step.
38:52It is natural to do it normally.
38:54It is natural to continue.
38:55This is the most important thing.
38:56I think that the most important thing was achieved.
38:59What I was particularly worried about was the increase in defense spending.
39:04This has changed various things, such as Japan's security policy.
39:09As you can see here,
39:11as a graph, it looks like this at a good stage in 2025,
39:20and it is scheduled to reach 2% in GDP in the end.
39:26This time, it is also included in the joint statement,
39:30but there is a phrase that the defense power will be strengthened even after 2027.
39:38However, there is no specific number or percentage.
39:44Mr. Kotani, this area is a little out of shape,
39:50but if there is no number, is that so?
39:53As a member of the Trump family,
39:55I strengthened the security and protection environment with Japan in the first term,
40:00so it is recognized that the GDP is now up by 2% on the extension,
40:04so I think it became an expression to welcome it.
40:07However, what you have to be careful about is that
40:09even at the beginning of the first term, it was said that the first steps were successful,
40:13and then more and more requests came.
40:15That's right.
40:16The increase in GDP came later,
40:19so if you say that defense spending is 2% or less, it is not enough.
40:25Now, the minimum wage is beginning to be recognized,
40:29but it is still a bit low.
40:31There are no people doing small things.
40:34Actually, if you gradually understand that Japan's procurement plan is calculated at 1 dollar 100 yen,
40:41it will be enough to say that 2% is not enough.
40:45If you look at the price base, it's much cheaper than it was at the time.
40:49So it's not 2%, it's 2.5%, it's 3%.
40:53It's not strange to be told a few months later or a year later,
40:57so I think it is necessary to review the procurement plan in line with the reality of this exchange as Japan.
41:07Mr. Yoshino, the Abe administration,
41:09Mr. Abe was also said to be very dense,
41:12but there were some specific strict requirements.
41:15Well, when I asked the person who sat on the main stage at Trump 1.0,
41:20it was the latter half.
41:22In the latter half, there was also a very strict exchange.
41:25The overall impression is that it is very dense,
41:28but if you look at it individually, there was also a very strict situation.
41:32The other thing I want to say is that the issue of defense spending is that America is national defense spending.
41:38In this national defense spending, for example, public school fees in Japan are also included.
41:43So-called inflation.
41:45In other words, defense spending or national defense spending is quite important.
41:49Japan also uses defense spending as national defense spending,
41:52and if you include public school fees there,
41:55it is not 2% of GDP, which is extremely technical.
42:00This may be a useful story, but I think that kind of thing is also important.
42:04Changing the way you calculate.
42:05That's right.
42:06Let me say one more thing.
42:08At the beginning, I said that the surprise was that Mr. Ishiba raised this much.
42:15If you think strategically about this,
42:17you may think that Mr. Ishiba is borrowing money.
42:24Then, as Mr. Kotani said next time,
42:26he may be thinking that he has raised a lot of money.
42:33Anyway, he is a dealer.
42:35However, Mr. Trump was born on June 14th.
42:38I was born on the same day as June 14th.
42:41I don't think I'm such a bad person.
42:44I think so, but be careful.
42:47I see.
42:48Then, as I said earlier,
42:51what I'm most curious about is how the American side sees the stance of Foreign Minister Ishiba.
42:58There is always a lot of exchange with China.
43:03Mr. Ishiba is trying to get a balance with Foreign Minister Iwaya.
43:09How does the United States view it?
43:12Mr. Kotani, how should we interpret this statement?
43:17Basically, President Trump is not interested in other countries.
43:22He is interested in the relationship between Japan and the United States.
43:26However, he is not interested in the relationship between Japan and China.
43:32Therefore, I don't think he will directly oppose Japan continuing to engage in foreign affairs.
43:41The U.S. is now in a strategic competition.
43:44For the time being, the U.S. wants to coordinate with its allies in terms of economic security.
43:51Earlier, there was a story about the strengthening of the supply chain in the economic sector.
43:58The problem for Japan in the future is that
44:02with the release of DeepSeek this time,
44:05it is clear that advanced AI can be created even with technology that is not cutting-edge.
44:11The U.S. has protected cutting-edge technology with high-end high-end technology.
44:18However, there is a possibility that this cutting-edge technology will spread.
44:22There is a possibility that the U.S. will say,
44:25even if it is not cutting-edge technology,
44:29then it will be difficult for Japan and Japanese companies to make a decision.
44:36Mr. Saito, you are trying to improve your relationship with China.
44:42How do you go about it?
44:45First of all, this punch line.
44:47I think the U.S. will be angry when it sees this.
44:51I think it's a little misreading.
44:58In any case, from the point of view of securing Japan's national interests,
45:04we are going to do foreign exchange.
45:07When Mr. Ishiba announced this time,
45:11he said, there is nothing that we want to put behind Japan,
45:14so we should do it fairly.
45:16We should do it fairly to protect Japan's national interests.
45:19There is nothing that we want to put behind Japan,
45:22so I think we should do it fairly.
45:25It is important how the U.S. sees it,
45:28but when it comes to pursuing Japan's national interests,
45:30I have the impression that foreign exchange is a little different.
45:34Mr. Trump himself, as Mr. Kotani said earlier,
45:37may not care much, but...
45:39No, I don't know the immediate situation.
45:41The immediate situation is very tense right now.
45:44I don't know.
45:45So I wonder what will happen there.
45:48It's already very bad.
45:52I will deal with it.
45:54Mr. Yoshino, what do you think?
45:56Yes.
45:57At the time of Trump 1.0,
45:59the former Secretary of State for National Security,
46:01Mr. Yachi, has often said that
46:03the U.S. has not forced Japan into a medium-term policy.
46:07I have heard that this was a kind of surprise.
46:11In that sense,
46:13I don't think Mr. Trump himself cares much about
46:17what kind of foreign exchange Japan will have with China.
46:20However, as I have repeatedly said,
46:22the immediate situation is a different matter,
46:25so I think we need to be careful about it.
46:29Mr. Kotani, I don't think the U.S. wants Japan to
46:33get involved in the improvement of relations.
46:36Also, as you said earlier,
46:38in terms of economic security,
46:40Japan will respond to what the U.S. demands.
46:43That's the point, isn't it?
46:45That's right.
46:46On the military level, Japan is looking in the same direction,
46:49so economic security may be difficult.
46:52That's all for today.
46:54Here is an announcement.
46:56This is the only part of the program
46:58where you can learn more about the topics
47:00that were not covered in the program.
47:02This is the only part of the program
47:04where you can learn more about the topics
47:06that were not covered in the program.
47:09This is Mr. Kotani.
47:11Thank you for joining us.
47:14After the commercial break,
47:15we will have some market information.
47:22Tomorrow's Nikkei Sunday Salon
47:24will be hosted by Akira Nagatsuma,
47:26a member of the Liberal Democratic Party.
47:28He will talk about how Japan can respond
47:30to next year's budget,
47:32as well as the summer election.
47:34Let's take a look.
47:35Here is some market information.
47:37Let's take a look at the employment statistics
47:39for January in the U.S.,
47:40which were announced last night.
47:42The number of unemployed people
47:44in the non-agricultural sector,
47:46which is a significant indicator
47:48of the economic situation,
47:50increased by 143,000 compared to the month before.
47:53The unemployment rate was 4.0%,
47:55improving by 0.1 points.
47:57The average hourly wage was 4.1%
47:59compared to a year ago.
48:02The New York Dow Jones fell
48:04in the New York stock market on the 7th.
48:06The employment statistics for January
48:08were mixed with strong and weak,
48:10but the additional discount
48:12led to a shift behind,
48:14and stocks were sold.
48:16President Trump said he would
48:18issue new tariffs.
48:20The Dow Jones fell by 44,303,
48:22which is $444.
48:24The Nasdaq, a high-tech stock,
48:26fell by 268 points,
48:28and the Dow Jones fell by 19,523.
48:30The Dow Jones fell by 19,523,
48:32and the Dow Jones fell by 19,523.
48:34The Dow Jones fell by 19,523.
48:36The Dow Jones fell by 19,523.
48:38The Dow Jones fell by 19,523.
48:40The Dow Jones fell by 19,523.
48:42The Dow Jones fell by 19,523.
48:44The Dow Jones fell by 19,523.
48:46The Dow Jones fell by 19,523.
48:48The Dow Jones fell by 19,523.
48:50The Dow Jones fell by 19,523.
48:52The Dow Jones fell by 19,523.
48:54The Dow Jones fell by 19,523.
48:56The Dow Jones fell by 19,523.
48:58The Dow Jones fell by 19,523.
49:00The Dow Jones fell by 19,523.
49:02The Dow Jones fell by 19,523.
49:04The Dow Jones fell by 19,523.
49:06The Dow Jones fell by 19,523.
49:08The Dow Jones fell by 19,523.
49:10The Dow Jones fell by 19,523.
49:12The Dow Jones fell by 19,523.
49:14The Dow Jones fell by 19,523.
49:16The Dow Jones fell by 19,523.
49:18The Dow Jones fell by 19,523.
49:20The Dow Jones fell by 19,523.
49:22The Dow Jones fell by 19,523.
49:24The Dow Jones fell by 19,523.
49:26The Dow Jones fell by 19,523.
49:28The Dow Jones fell by 19,523.
49:31That's all for today.
50:00If you have any questions or other problems, please post them in the comments.