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ECONOMY > External Relations

FOCUS: Japan could gain ground in U.S. trade talks after deal with EU

TOKYO — Japan could gain a stronger footing in trade talks with the United States by leveraging the broad agreement on free trade it has reached with the European Union.   Japan and the European bloc reached an agreement on Thursday after four years of talks to remove or lower tariffs on a wide range of products under common trading….Read more

ECONOMY > External Relations

Toyota opens $1 bil. N. America headquarters in Texas

PLANO, Texas — Toyota Motor Corp. on Thursday opened its new North American headquarters in Plano, Texas, a move that drew praise from U.S. President Donald Trump.   In a written statement, Trump welcomed the Japanese automaker for investing in Texas and spending $1.3 billion on its factory in Kentucky.   “We want to be the car capital of the….Read more

ECONOMY > External Relations

Japan, EU to seal free trade deal to promote open economy

BRUSSELS — Japan and the European Union will seal a broad agreement Thursday on a free trade deal that they call a sign of their efforts to promote an open economy.   After four years of talks, Prime Minister Shinzo Abe, European Council President Donald Tusk and European Commission President Jean-Claude Junker are set to reach a deal in Brussels,….Read more

  • July 6, 2017
  • , Kyodo News , 3:14 p.m.
  • English Press
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ECONOMY > External Relations

Hard-won pact shows Japan, EU still carry free trade torch

TOKYO — Four years of trade talks between Japan and the European Union look at last to yield a wide-ranging pact the two sides hope will stand as a beacon of liberal trade policy and materially improve the lives of their people.   Japanese Foreign Minister Fumio Kishida and EU Trade Commissioner Cecilia Malmstroem knocked down the final barriers to….Read more

  • July 6, 2017
  • , Nikkei Asian Review , 7:31 a.m.
  • English Press
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ECONOMY > External Relations

Japan seen boosting aid to dairy farmers after EPA deal with EU

Tokyo, July 6 (Jiji Press)–Japan is seen boosting subsidies and other assistance to dairy farmers after the country reached a broad accord on its envisioned economic partnership agreement with the European Union, informed sources have said.   The two sides struck the deal at bilateral ministerial talks in Brussels ended on Wednesday by resolving thorny issues including Japanese tariffs on….Read more

  • July 6, 2017
  • , Jiji Press , 10:12 a.m.
  • English Press
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ECONOMY > External Relations

Japan aims to boost yen’s status with direct currency trading

TOKYO — To encourage more businesses to use the yen and other Asian currencies, Japan’s Finance Ministry announced a comprehensive plan Monday to launch direct currency trading with other regional players.   The ministry will first enter talks with Thailand. Some 48% of bilateral trade is settled in the yen or baht, compared with 51% in the U.S. dollar. Japan sees….Read more

  • June 13, 2017
  • , Nikkei Asian Review , 10:00 a.m.
  • English Press
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ECONOMY

Japan’s direct investment in U.S. hits record high in 2016

Tokyo, May 26 (Jiji Press)–The balance of Japan’s direct investment in the United States as of the end of 2016 grew 5.4 pct from a year before to 53,184.2 billion yen, hitting a record high, Finance Minister Taro Aso said Friday. The rise reflected an increase in the number of Japanese companies operating in the United States and brisk merger….Read more

ECONOMY

Osaka chamber of commerce to help attract SMEs to Japan-backed Thilawa

YANGON — Japan’s Osaka Chamber of Commerce and Industry has agreed to help attract small and medium-sized companies to the Japanese-backed Thilawa Special Economic Zone near Yangon, in addition to the multinational companies already present there, by establishing small rental factory spaces, the zone’s operator said Tuesday.   The OCCI comprising businesses in western Japan around Osaka and the Union….Read more

  • May 16, 2017
  • , Kyodo News , 11:30 p.m.
  • English Press

ECONOMY > External Relations

MOFA to launch new unit to handle investment protection agreements

Yomiuri reported that MOFA plans next week to set up in its economic bureau a new office tasked with speeding up negotiations for concluding investment protection agreements with trading partners. Noting that Japan has thus far forged such pacts with 44 nations and regions, the daily said the 10-member “Office of Investment Policy” is expected to exercise leadership to forge….Read more

  • May 10, 2017
  • , Yomiuri
  • JMH Summary

ECONOMY > External Relations

Finance ministers of Japan, China, South Korea vow to counter protectionism

All Saturday morning papers reported on a joint statement adopted by the Japanese, Chinese, and South Korean finance ministers and central bank chiefs on May 5 in Yokohama, stating that their nations will counter “all forms of protectionism.” Asahi wrote that the statement was meant to send a message to the Trump administration. The meeting of the three nations was….Read more

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