TOKYO— The two major Asian economies and US allies have long hoped to cooperate on shared security concerns about China and North Korea, but previous rounds of diplomacy have foundered on unresolved issues from Japan’s 35-year occupation of the Korean Peninsula.
The two sides also have a longstanding territorial dispute over a group of islands controlled by South Korea and claimed by Japan. Washington is eager to get its allies on the same page, and appears to have worked intensively to bring about the summit. US Ambassador to Japan Rahm Emanuel said his country and its two allies had about 40 trilateral meetings and he thinks cooperation in the process helped to build up trust. While Japan increasingly bolstered defense ties with the U.K.
Seoul and Tokyo last week also announced plans for talks to restore the country’s trade relations, which could relieve pressure from global high-tech supply chains. South Korean officials say stronger economic cooperation with Tokyo has become more crucial in the face of industrial supply chain disruptions and other global challenges.
Seoul made a significant concession prior to the summit, announcing plans to use its own funds to pay out compensation from the 2018 court order. South Korea will offer reparations to the plaintiffs through an existing state-run foundation that will raise the money from South Korean companies that benefited from the 1965 accord accompanied by $800 million in economic aid and loans from Tokyo to Seoul.
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