Zürcher Nachrichten - Beef, defence deals and rare earths: how Japan's new leader wooed Trump

EUR -
AED 4.1284
AFN 73.069008
ALL 92.151161
AMD 406.355724
ANG 2.012619
AOA 1031.959759
ARS 1708.950379
AUD 1.612085
AWG 2.02345
AZN 1.909726
BAM 1.959013
BBD 2.259506
BDT 138.124116
BGN 1.892422
BHD 0.423173
BIF 3379.033
BMD 1.124139
BND 1.436495
BOB 13.467091
BRL 5.617772
BSD 1.12184
BTN 107.97067
BWP 15.475109
BYN 3.428964
BYR 22033.124208
BZD 2.256241
CAD 1.604242
CDF 2608.002998
CHF 0.934913
CLF 0.027713
CLP 1094.259031
CNY 7.536846
CNH 7.532591
COP 3603.596154
CRC 514.024894
CUC 1.124139
CUP 26.923685
CVE 110.443219
CZK 24.42136
DJF 199.76769
DKK 7.474186
DOP 67.408175
DZD 151.372339
EGP 58.905331
ERN 16.862085
ETB 183.235652
FJD 2.527908
FKP 0.850538
GBP 0.849023
GEL 2.917172
GGP 0.850538
GHS 13.186278
GIP 0.850538
GMD 83.186481
GNF 9868.925196
GTQ 8.57603
GYD 234.658662
HKD 8.821917
HNL 30.113325
HRK 7.534091
HTG 146.897043
HUF 365.45082
IDR 20125.460342
ILS 3.429905
IMP 0.850538
INR 108.349352
IQD 1469.597593
IRR 1944929.074281
ISK 136.99909
JEP 0.850538
JMD 177.988799
JOD 0.796992
JPY 177.829238
KES 146.036794
KGS 98.30562
KHR 4551.344371
KMF 493.496686
KPW 1011.725449
KRW 1504.42424
KWD 0.347966
KYD 0.934817
KZT 513.242771
LAK 25207.349073
LBP 100457.899618
LKR 370.811667
LRD 191.832114
LSL 18.684249
LTL 3.319291
LVL 0.67998
LYD 7.212832
MAD 11.19842
MDL 20.15388
MGA 4981.126519
MKD 61.676171
MMK 2359.64435
MNT 4044.295959
MOP 9.067694
MRU 45.005623
MUR 53.29582
MVR 17.373595
MWK 1945.256308
MXN 20.270722
MYR 4.592446
MZN 71.843727
NAD 18.683916
NGN 1489.057362
NIO 41.286991
NOK 10.776665
NPR 172.749224
NZD 2.006639
OMR 0.432216
PAB 1.12184
PEN 3.87058
PGK 5.082246
PHP 70.535222
PKR 310.712652
PLN 4.369213
PYG 6574.785
QAR 4.100317
RON 5.352138
RSD 117.470292
RUB 96.59725
RWF 1656.888412
SAR 4.21189
SBD 9.05892
SCR 15.599321
SDG 676.168969
SEK 11.25457
SGD 1.437139
SHP 0.850332
SLE 27.71023
SLL 23572.623428
SOS 641.140293
SRD 42.341815
STD 23267.40747
STN 24.539817
SVC 9.816014
SYP 14616.055437
SZL 18.679308
THB 37.78063
TJS 10.326301
TMT 3.945728
TND 3.352109
TOP 2.706657
TRY 55.284959
TTD 7.604339
TWD 35.740087
TZS 2964.538853
UAH 50.559586
UGX 4509.276488
USD 1.124139
UYU 45.413889
UZS 13207.429933
VES 978.315116
VND 29212.999939
VUV 135.206586
WST 3.12859
XAF 655.957
XAG 0.018389
XAU 0.00027068054
XCD 3.038041
XCG 2.021798
XDR 0.794825
XOF 655.957
XPF 119.331742
YER 265.578272
ZAR 18.619541
ZMK 10118.598167
ZMW 22.128298
ZWL 361.972296
SSP 6431.075365
MXV 2.291587
  • RBGPF

    -2.1900

    62.9

    -3.48%

  • CMSC

    0.0300

    20.27

    +0.15%

  • GSK

    -0.4800

    46.55

    -1.03%

  • NGG

    -0.1000

    76.02

    -0.13%

  • BCE

    0.0100

    19.74

    +0.05%

  • BTI

    0.2400

    52.88

    +0.45%

  • BCC

    -0.1500

    74.84

    -0.2%

  • RELX

    0.4000

    33.82

    +1.18%

  • CMSD

    0.0000

    20.43

    0%

  • RIO

    1.4400

    95.65

    +1.51%

  • AZN

    -0.3700

    156.53

    -0.24%

  • BP

    -0.1700

    44.62

    -0.38%

  • RYCEF

    0.3800

    19.8

    +1.92%

  • JRI

    -0.2500

    10.65

    -2.35%

  • VOD

    -0.0300

    16.79

    -0.18%

Beef, defence deals and rare earths: how Japan's new leader wooed Trump
Beef, defence deals and rare earths: how Japan's new leader wooed Trump / Photo: ANDREW CABALLERO-REYNOLDS - AFP

Beef, defence deals and rare earths: how Japan's new leader wooed Trump

Japan pulled out all stops for this week's visit by US President Donald Trump -- his first with new Prime Minister Sanae Takaichi.

Text size:

The US president's visit was a major diplomatic test for Takaichi, who has only been in office for a week.

From pledges that Tokyo will spend much more on its defence to supporting Trump's Nobel Peace Prize bid, here's how Takaichi sought to woo the mercurial US leader:

- 'Golden Age' and Nobel Peace Prize -

"I was very impressed and inspired by you," Takaichi told Trump as they met, calling for "a new golden age of the Japan-US alliance".

Takaichi also announced during the visit that she will nominate him for a Nobel Peace Prize.

Since returning to the White House for his second term in January, Trump has repeatedly insisted that he deserves the prize for his role in resolving numerous conflicts.

Observers say Trump's claims of helping bring about world peace are broadly exaggerated.

But Tokyo was keen to burnish the US leader's bid to join the ranks of Barack Obama and Maria Ressa, praising Trump's efforts towards a ceasefire between Thailand and Cambodia and his "unprecedented historic achievement" of the Gaza deal.

- US beef on the menu -

Menus at summit lunches are often carefully considered with diplomatic niceties in mind.

And Tokyo's choice was no exception, deftly blending US produce with Japanese ingredients.

For starters guests were served a "US rice cheese risotto with chicken", while mains were New York strip steak with gravy and warm vegetables from the southern Japanese city of Nara -- Takaichi's hometown.

Not exactly traditional Japanese fare, but tailormade to appeal to Trump's push to sell more American agricultural products and backing for US farmers, a key support base.

- Defence spending -

Trump has for years grumbled that US allies in Asia including Japan do not spend enough on their own defence and urged them to pay more for US military presence on their territory.

Days before Trump's arrival, Takaichi told Japan's parliament that Tokyo's target of spending two percent of its gross domestic product on defence would be achieved this fiscal year -- two years earlier than planned.

Japan had also committed to acquiring counter-attack capabilities, including Tomahawk cruise missiles, from the United States -- part of a contract signed in January 2024.

- Rare earths and shipbuilding -

Tokyo also signed a key deal with Washington for "securing" supplies of critical minerals and rare earths.

Under the agreement, the United States and Japan would "jointly identify projects of interest to address gaps in supply chains for critical minerals and rare earths".

It comes as the United States tries to boost access to critical minerals with China tightening controls on rare earths.

The world's second-largest economy exercises a virtual monopoly on so-called "rare earth" metals, essential for everything from household appliances to cars, energy and even weapons.

Another cooperation agreement is expected to be signed Tuesday between Tokyo and Washington on shipbuilding, a sector where Japan and neighbour South Korea are seeking to challenge Chinese dominance.

- Golf balls... and memories of Abe -

Takaichi has another ace up her sleeve -- her close ties to her mentor late Japanese prime minister Shinzo Abe, who was assassinated in 2022 and with whom Donald Trump became close during his first term.

Meeting Trump, she thanked Trump for his "enduring friendship" with Abe.

On Tuesday she gifted Trump a golf putter used by the late premier.

The sport was a shared passion of Trump and Abe's, and the two met several times on the golf course.

Japanese media have reported the US president is also scheduled to meet with Abe's widow on Thursday.

Another gift planned by Tokyo, according to local media, is gold-plated golf balls.

L.Rossi--NZN