An Extended Fund Facility (EFF) programme from the IMF, which would be the fund's 17th plan for the nation, requires countries to make structural economic reforms.
Ties between the two global superpowers have continued to deteriorate under Biden's presidency, over issues including Taiwan, human rights and technology sector competition.
Kishida's ruling Liberal Democratic Party, which has pledged to double military spending to 2% of GDP, gained seats in national elections for upper house lawmakers this month.
