Ivanka was finalizing Japanese business deal at time of Trump, Abe meeting: report
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Ivanka Trump, one of the president-elect's daughters, was in the process of finalizing a business deal with a Japanese company when she sat in on Donald TrumpDonald TrumpMerkel spokesman: Germany will keep strengthening ties to US Trump marks Memorial Day on Twitter Former NATO envoy: ‘This seems to be the end of an era’ MORE's meeting with Japanese Prime Minister Shinzo Abe, according to a new report.

The New York Times reports that at the same time as the meeting Ivanka attended, another meeting was going on in Tokyo as her clothing company worked to reach a licensing agreement with Sanei International, whose largest shareholder is wholly owned by the Japanese government.

The Times reported that the deal has been in the works for two years. There are no reports that the discussion at Trump Tower included mention of Ivanka's business venture. The Times noted, however, that the circumstances illustrate the potential conflicts of interest facing the Trump family once their father is sworn in.

Last week, Trump announced on Twitter that he and his children would share plans on Dec. 15 about “leaving my great business in total in order to fully focus on running the country.” Doing so is “visually important,” he wrote, “to in no way have a conflict of interest with my various businesses.”

The New York Times challenged that notion in its article, noting that "an examination of the professional histories of the three children — who also serve on the presidential transition team — shows how deeply the Trump family, Trump business and Trump politics are interwoven, raising significant doubts about how meaningful a wall can ever be erected between Mr. Trump and his heirs at the Trump Organization."