Japanese Prime Minister says she will not renegotiate US$550 billion package with US

GYEONGJU, SOUTH KOREA (Reuters) – Japanese Prime Minister Sanae Takaichi said on Saturday she has no plans to renegotiate a $550 billion investment deal reached with the United States.

“I believe that even if the prime minister changes, the promises made between governments should not be changed,” Takaichi told reporters at the end of a week of diplomatic events, including a summit with US President Donald Trump.

Takaichi declined to comment on a trade deal South Korea signed with the United States as details of the agreement have not yet been released.

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Before becoming prime minister last month, Takaichi had said renegotiating tariffs with Washington was not out of the question if something came up that appeared unfair and harmed Japan’s national interests.

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Takaichi, a hard-line conservative, was elected Japan’s first female prime minister, at the same time preparing the country for a decisive shift to the right.

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In Gyeongju, South Korea, Takaichi joined other leaders from across the Asia-Pacific region for an annual meeting and met with Chinese President Xi Jinping and South Korean President Lee Jae Myung.

Takaichi said on Saturday that she and Xi had agreed to build a constructive and stable relationship.

Xi told Takaichi that the two countries should not be a threat to each other, according to Chinese state media.

Before his trip to South Korea, Takaichi held his first bilateral meeting with Trump in Tokyo.

(Reporting by Ju-min Park and Mariko Katsumura)

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