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ECONOMY

New research institute in Taiwan to promote Japan-Taiwan cooperation

By Yaita Akio, Taipei   Increasing cooperation between Japan and Taiwan in the fields of industry, science and technology is attracting attention, with Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest semiconductor contract manufacturer, planning to open a new factory in Kumamoto Prefecture in 2022 for operations to start in 2024. The “Taiwan Japan Academy,” a think tank for research….Read more

  • December 9, 2021
  • , Sankei , p. 7
  • JMH Translation

INTERNATIONAL

JICA holds 196 billion yen in undelivered grant aid

By Sakakibara Ken   A total of 196 billion yen in government official development assistance grant aid already allocated for projects in developing countries has yet to be delivered by the Japan International Cooperation Agency (JICA) to the recipient countries, sources revealed on Oct. 20. The main reason for the delay is the domestic circumstances in the target countries. Some….Read more

  • October 21, 2021
  • , Asahi , p. 7
  • JMH Translation

ECONOMY

More countries institute regulations on foreign investment

With heightened interest in economic security amid an intensifying U.S.-China rivalry, more countries worldwide are reinforcing regulations on foreign investment in domestic companies. The number of countries that introduced an advance screening system to prevent corporate acquisitions that may lead to an outflow of important technology have doubled in the past ten years to 34 as of the end of….Read more

  • September 7, 2021
  • , Mainichi , p. 7
  • JMH Translation

ECONOMY

Japan and Malaysia sign memorandum on digital transformation

Minister of Economy, Trade and Industry Hiroshi Kajiyama held talks with the Malaysian Minister of International Trade and Industry Mohamed Azmin Ali and discussed measures to increase the productivity of Malaysia’s manufacturing industry using digital technology. Following the discussion, the Japan External Trade Organization (JETRO) and Malaysia External Trade Development Corporation (MATRADE) signed a memorandum that includes the promotion of….Read more

  • April 6, 2021
  • , Nikkei , p. 5
  • JMH Translation

POLITICS

Japan won’t consider new ODA for Myanmar for the time being

By Tatsuya Sato, Naoki Kikuchi, and Yuki Nikaido   The Japanese government will not extend official development assistance (ODA) to the government of Myanmar. The aid was scheduled for Cabinet approval this month, although it hadn’t been officially announced lest the cancellation suggests a sanction. Japan is the largest donor of economic assistance to Myanmar. It is hoped that future….Read more

  • March 10, 2021
  • , Asahi , p. 4
  • JMH Translation

INTERNATIONAL > U.S.

U.S., Japanese financial chiefs confirm close cooperation 

Yomiuri and Sankei wrote that Finance Minister Aso and Treasury Secretary Yellen spoke by phone on Monday and agreed to cooperate closely in addressing the economic fallout from the novel coronavirus pandemic. The papers wrote that the two officials also exchanged views about the economic situation in their countries and confirmed the G7’s position against excessive moves in the currency market. 

  • February 2, 2021
  • , Yomiuri, Sankei
  • JMH Summary

ECONOMY

Japan, Kenya agree to cooperate on infrastructure development

TOKYO – Japan and Kenya agreed on Wednesday to promote infrastructure development and cooperate to realize a free and open Indo-Pacific based on the rule of law, the Japanese Foreign Ministry said.   In the African country, Foreign Minister Toshimitsu Motegi and Kenyan President Uhuru Kenyatta agreed to accelerate the development of a special economic zone around the Mombasa port,….Read more

  • January 13, 2021
  • , Kyodo News , 11:25 p.m.
  • English Press

ECONOMY

METI to provide full guarantee for decarbonization technology exports

Japanese corporations that export decarbonization technologies may be eligible to receive an export guarantee of up to a 100%. In order to achieve 1 trillion yen in decarbonization technology exports over the next five years, the Ministry of Economy, Trade and Industry (METI) and Nippon Export and Investment Insurance (NEXI) will establish a new export guarantee system to reduce companies’….Read more

  • December 10, 2020
  • , Nikkei , p. 5
  • JMH Translation

INTERNATIONAL > U.S.

Nation’s largest steelmaker to sell two plants in U.S.  

Asahi highlighted Nippon Steel’s decision to sell two factories in Indiana in a bid to restructure its manufacturing lines abroad. Although Japan’s largest steel manufacturer will shut down the two plants that have supplied steel materials to Japanese auto firms, it plans to build an electric furnace at an existing plant in Alabama. Business restructuring is a pressing matter for Nippon Steel since its domestic production volume is likely to dip to its lowest level in half a century this year due to a….Read more

  • October 15, 2020
  • , Asahi
  • JMH Summary

INTERNATIONAL > U.S.

Japan closely looking at possible trade policy of Biden if elected president 

Yomiuri wrote that trade policy will be one of the major issues that Japan would need to deal with if former Vice President Biden were elected president. The paper wrote that there is a prevailing view among Japanese businesses that Biden would probably uphold President Trump’s trade policy on auto trade and other sectors because although he supported the TPP under the Obama administration, he has expressed a clear policy….Read more

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