American Jobs: Japan and u.s .,

american jobs: Unlike the other nations on the watch list, Japan's current-account surplus mostly comprises returns from investments, in the U.S. and elsewhere, not just the profits from trade, according to The Japan Times. Put another way, Japan finds itself in hot water partly because it's making money from such things as auto factories it has built in the U.S., creating American jobs. While there's no argument that Japan exports twice as much to the U.S. as it takes in imports, it has reason to grumble about taking flak over its current-account surplus, which also includes income from overseas investments. During the presidential campaign and early in his administration, President Donald Trump singled out Japan for criticism on its currency and trade policies, and with Vice President Mike Pence headed to Tokyo soon for economic talks, that surplus is one of the issues that Prime Minister Shinzo Abe must consider. And currency will likely be on the agenda when Trump meets Chinese President Xi Jinping later this week. While the first meetings of Abe and Trump seem to have gone well, there are numerous points of friction in the economic relationship, from Japan's protected agricultural sector to Trump's criticism of Japanese companies, such as Toyota. (news.financializer.com). As reported in the news.