The Japanese government said it will promote the exports of U.S. liquefied natural gas to Asian countries to help slash Washington's trade deficit.

Masaki Ishikawa, chief of the Trade and Economy Cooperation Bureau in the Ministry of Economy, Trade and Industry, spoke of the plan at a bilateral economic dialogue Monday in Washington, expressing hope it will "broaden the scope of Japan-U.S. cooperation."

The United States has been producing increasing volumes of LNG while Asia sees rising demand of the gas used for electric power generation.