To avoid a trade war with the US, Japan may have to make concessions

Japanese Prime Minister Shinzo Abe, fresh from winning a third term as premier, is expected to walk a fine line when he meets President Donald Trump next week as Tokyo looks to avoid a trade war with the U.S. Earlier this month, Trump indicated he could impose a 25 percent duty on imports of Japanese vehicles and automotive parts as part of a strategy to reduce U.S. trade deficits with the international community. The move is widely seen as a bargaining tool for Washington to get what it has long sought from Tokyo — a free trade agreement. However, the world’s third largest economy is opposed to a bilateral trade deal and must find other ways to appease Trump, strategists told CNBC. Read more here