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Japan welcomes new US Indo-Pacific economic initiative

Noriyuki Shikata, cabinet secretary for public affairs of Kishida's government, speaks in a news briefing in Tokyo, Friday, May 20, 2022. Japan welcomes the Indo-Pacific Economic Framework (IPEF), a new U.S. economic initiative for the Indo-Pacific region that President Biden is expected to roll out during his Tokyo visit next week. Shikata said IPEF is expected to focus more about supply chains, clean energy, worker standards and anti-corruption programs rather than issues in traditional trade agreements such as market access and tariffs. (AP Photo/Hiro Komae) Noriyuki Shikata, cabinet secretary for public affairs of Kishida's government, gets introduced before he speaks in a news briefing in Tokyo, Friday, May 20, 2022. Japan welcomes the Indo-Pacific Economic Framework (IPEF), a new U.S. economic initiative for the Indo-Pacific region that President Biden is expected to roll out during his Tokyo visit next week. Shikata said IPEF is expected to focus more about supply chains, clean energy, worker standards and anti-corruption programs rather than issues in traditional trade agreements such as market access and tariffs. (AP Photo/Hiro Komae)
Japan welcomes new US Indo-Pacific economic initiative