Diplomatic sources have previously indicated that Tokyo has explored the idea of hosting the second in-person Quad summit, hoping to convene it as early as next spring.
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Experts said it may have been difficult to achieve "much of substance" in Kishida's diplomatic debut, given he had only hours in Glasgow in the immediate aftermath of Sunday's election.
Rahm Emanuel has also welcomed a potential rise in Japan's defense spending.
The plan for the once-in-a-century corporate tax reform crystallized through international negotiations at the Organization for Economic Cooperation and Development.
Observers say the Biden administration will reach out quickly to "develop a strong partnership" with the next Japanese prime minister as Beijing's influence grows.
The U.S. is focusing on an intensifying competition with China via "Quad" summits and the AUKUS partnership, but the White House may need to be more clear in its regional strategy.
During the 45-minute talks, Suga hailed Modi as "an important partner" toward realizing a "free and open" Indo-Pacific and affirmed the importance of maritime security.
Japan was the only country among the Group of Seven industrialized nations that faced a downgrade in the fund's latest World Economic Outlook report.
Some analysts are warning that Japan should accelerate efforts to hedge against potential economic risks stemming from what some view as a new "Cold War."
A communique issued by the 30-member organization cited "assertive behavior" by Beijing along with its influence "on the rules-based international order."