Before Japan can proceed with trade talks with Washington, authorities must first correct several misunderstandings held by President Donald Trump, former foreign minister and previous digital transformation minister Kono Taro said Wednesday.

Caveats: It’s still very early in Trump’s global trade war. And a company could theoretically blame the tariffs publicly for reductions it had planned before he took office. Watch for Securities and Exchange Commission filings, where there are penalties for not being truthful.

A former Japanese minister said President Donald Trump's administration must correct several misunderstandings regarding U.S.-Japanese ties. In an interview with Bloomberg on Wednesday, former Japanese Foreign Minister and Digital Transformation Minister Kono Tarosaid,