What disruptions are the US and Japan addressing together?

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The US and Japan are jointly addressing disruptions stemming from China's economic practices and the global impact of the war in Ukraine.

The United States and Japan have initiated a high-level economic dialogue to counter China's economic influence and mitigate disruptions caused by Russia's invasion of Ukraine. This collaboration aims to defend the established rules-based economic order, ensuring all nations can participate, compete, and prosper. Recent global events, including the COVID-19 pandemic and the conflict in Ukraine, have exposed the fragility of critical supply chains.
Countering China's Economic Practices

This new economic dialogue specifically targets the "coercive and retaliatory economic practices of the People's Republic of China." Both nations are concerned about attempts to leverage economic influence unfairly and opaquely to achieve strategic objectives and alter the existing international economic framework. This includes addressing practices that force countries to compromise their security, intellectual property, and economic independence.
Addressing Global Supply Chain Vulnerabilities

The partnership is designed to foster resilience within supply chains for strategic sectors such as semiconductors, batteries, and critical minerals. The COVID-19 pandemic and the war in Ukraine have underscored the vulnerability of these essential supply chains. Discussions also encompassed energy and food security, highlighting a broader concern for global economic stability.
Establishing Next-Generation Semiconductor Research

A key outcome of the dialogue is the agreement to establish a joint research centre for next-generation semiconductors. This initiative seeks to create a secure source for these vital components and will be open to participation from other like-minded countries. This move is particularly significant given the concentration of advanced semiconductor manufacturing in Taiwan and concerns about supply stability.

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What disruptions are the US and Japan addressing together?

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