CalChamber and business leaders in Japan are celebrating their longstanding trade relationships.

This week, the California Chamber of Commerce and business leaders from Japan came together for a working luncheon in Sacramento to discuss topics of mutual interest. This annual gathering, now in its 23rd year, is a collaboration between the CalChamber, the Japanese Chamber of Commerce of Northern California (JCCNC), and the Japan Business Association of Southern California (JBA).

Leading the Japanese business delegation were Kazuhiro Gomi, JCCNC president and CEO of NTT Research, Inc., and Akira Minamiura, JBA president and president of Kintetsu Enterprises Company of America. Representing the CalChamber were Jennifer Barrera, president and CEO, and Susanne T. Stirling, senior vice president of international affairs.

The topics discussed at the luncheon included California-Japan business collaboration, trade and foreign direct investment, initiatives to combat climate change, clean energy initiatives (particularly hydrogen), worldwide taxation, small business procurement, human resources issues, and the overall business climate in California.

Japan is a top trading partner for the United States, ranking sixth in total exports in 2023 with $76.1 billion. The top exports to Japan from the U.S. were chemicals, oil and gas, transportation equipment, computer and electronic products, and processed foods. Japan also ranked fifth as a source of U.S. imports, with a total of $147.3 billion. The top imports from Japan were transportation equipment, non-electrical machinery, chemicals, computer and electronic products, and electrical equipment, appliances, and components.

In 2023, U.S. exports to Japan increased by 1.1%, highlighting the strong economic relationship between the two countries. The annual working luncheon serves as a valuable platform for discussing ways to further strengthen this relationship and promote mutual prosperity. 

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