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ECONOMY > External Relations

Japan to offer manufacturing, trade know-how to ASEAN

TOKYO — Japan plans to work with Southeast Asian countries to boost productivity and modernize trade systems, hoping to encourage them to pursue more ambitious goals for the Regional Comprehensive Economic Partnership, or RCEP.   Three-pronged strategy   Hiroshige Seko, Japan’s minister of economy, trade and industry, will propose a new framework for economic cooperation Saturday at a meeting of….Read more

  • September 8, 2017
  • , Nikkei Asian Review , 5:02 a.m.
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ECONOMY > External Relations

Japan to help Indonesia develop Natuna, 5 more outer islands

Japan and Indonesia agreed Wednesday to develop infrastructure and promote the fishing industry on six outer islands, including Natuna on the southern edge of the South China Sea where foreign fishing vessels continue to operate illegally.   The agreement was reached in talks between Indonesian Maritime Affairs and Fisheries Minister Susi Pujiastuti and Hiroto Izumi, a special adviser to Japanese….Read more

  • September 6, 2017
  • , Kyodo News , 11:52 p.m.
  • English Press

ECONOMY > External Relations

Brexit-wary Japan executives to talk with UK trade chief

TOKYO — Japanese corporate executives are looking to get a clearer sense of the U.K.’s plans for its exit from the European Union as well as its potential impact on business in a meeting with British International Trade Secretary Liam Fox here on Thursday.   Fox is accompanying Prime Minister Theresa May on her current visit to Japan.    “Building on….Read more

  • August 31, 2017
  • , Nikkei Asian Review , 4:44 a.m.
  • English Press

ECONOMY > External Relations

Japan’s foreign direct investment jumped to record in 2016

TOKYO — Japan’s direct investment beyond its borders climbed to a record $169.6 billion in 2016, according to an annual report Monday from the Japan External Trade Organization.   The figure represents a 24% jump from the prior year and is 9% higher than the previous record set in 2013.   Investment in the European Union climbed sharply, while investment….Read more

  • August 1, 2017
  • , Nikkei Asian Review , 4:30 a.m.
  • English Press

ECONOMY > External Relations

Japan consortium to build power station, port in Bangladesh

A consortium comprising five Japanese companies, including trader Sumitomo Corp., IHI, Toshiba and Penta-Ocean Construction, will build an advanced coal-fired power plant and a port in Bangladesh.   The Japan International Cooperation Agency will cover the estimated 500 billion yen ($4.51 billion) or so in costs in what will be the organization’s largest yen loan.   Japan is in fierce competition with China and South….Read more

  • July 30, 2017
  • , Nikkei , 2:00 a.m.
  • English Press

ECONOMY > External Relations

Hitachi Group company wins U.S. subway contract

Hitachi Ltd. announced on July 27 that Hitachi Rail Italy and its partners won a contract for a railway system for a U.S. subway. The consortium will supply railcars and the control system for the Baltimore Metro Subway to the Maryland Transit Administration. The railcars will be manufactured in the U.S., and the railway link is planned to start operating….Read more

ECONOMY > External Relations

Itochu wins Indonesian coal-fired power plant project

TOKYO — Itochu will build two coal-fired power plants in Indonesia for about 45 billion yen ($404 million), as the Japanese trading house moves to capitalize on growing electricity demand in emerging economies.   Indonesian utility PLN awarded the work to a consortium including Itochu and a South Korean company. The two plants, with a total capacity of 200 megawatts, will….Read more

  • July 27, 2017
  • , Nikkei Asian Review , 6:03 a.m.
  • English Press

ECONOMY > External Relations

Japan to tap unapproved drugs in emergencies abroad

TOKYO — The Japanese government will allow unapproved yet promising drugs to be supplied to developing countries in Africa and elsewhere in an effort to combat infectious disease outbreaks more quickly.   The move comes after the government’s failure to respond promptly to requests for drugs following the Ebola outbreak in West Africa in 2014.   Under a new framework, the government will move….Read more

  • July 27, 2017
  • , Nikkei Asian Review , 6:51 a.m.
  • English Press

ECONOMY > External Relations

Japan eyes steps to help farmers impacted by EU trade pact

TOKYO — The Japanese government said Friday it plans to adopt a policy package in the fall to help dairy and livestock farmers who will be impacted by the Japan-EU free trade deal agreed on last week.   The package would focus on alleviating possible adverse effects on those farmers from the future influx of cheaper European food items including….Read more

  • July 14, 2017
  • , Kyodo News , 12:04 p.m.
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ECONOMY > External Relations

“Inside story” of process leading to broad agreement on Japan-EU trade pact

Japan and the European Union (EU) finally reached a broad agreement on an economic partnership agreement (EPA) after negotiations that lasted for about four years.

  • July 9, 2017
  • , Nikkei , p. 4
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