[Asia Economy New York=Special Correspondent Joselgina] The US and Japanese governments launched a '2+2' economic dialogue between foreign and commerce ministers to broadly address economic security issues, major foreign media reported on the 29th (local time).
The US and Japan commerce and foreign ministers held their first '2+2' meeting in Washington DC on the same day to discuss cooperation measures in the economic sector.
Immediately after the meeting, Koichi Hagiuda, Japan's Minister of Economy, Trade and Industry, announced that the two countries agreed to establish a joint research center for next-generation semiconductor development. The research center is scheduled to be established in Japan by the end of this year and is expected to focus on 2nm semiconductor research. Since the inauguration of the Joe Biden administration, the US has been taking comprehensive measures to check China and focusing on developing core industrial technologies such as semiconductors at the national security level.
Tony Blinken, US Secretary of State, said at a press conference, "As the world's first and third largest economies, it is very important that we cooperate to defend an order-based economy."
Additionally, Secretary Blinken criticized the Chinese government, saying, "China's coercive and retaliatory economic actions are forcing countries around the world to give up intellectual property and economic independence for security." Yoshimasa Hayashi, Japan's Minister of Foreign Affairs, also pointed out, "Russia's invasion of Ukraine is a serious challenge to the international order," and "China is unfairly trying to use its economic influence."
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