Finance Minister Taro Aso and U.S. Treasury Secretary Jack Lew held a meeting in Tokyo on Tuesday in which they are expected to exchange views toward the completion of negotiations for the Trans-Pacific Partnership free trade agreement by the end of the year.
Lew, on his first visit to Japan since assuming his post in February, is scheduled to hold separate meetings later Tuesday with fiscal policy minister Akira Amari, who doubles as TPP minister, and Prime Minister Shinzo Abe.
The Japanese policymakers are likely to explain to Lew that the world's third-biggest economy has been steadily recovering on the back of the prime minister's economic policies dubbed "Abenomics," centering on aggressive monetary easing and massive fiscal spending.
They may also touch on developments in U.S. debt-reduction talks, a Japanese government source said.
Lew is scheduled to travel to Singapore on Wednesday on the second leg of his five-nation Asian tour that will also take him to Malaysia, Vietnam and China, according to the U.S Treasury Department.