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ECONOMY > External Relations

U.S. to take hard line on foreign steel imports

Most Saturday morning papers reported on an executive order signed by President Trump regarding possible retaliatory measures against Chinese steel imports, noting that it signifies that Washington will take a tough approach toward foreign trading partners. Pointing out that his recent decision not to designate China as a “currency manipulator” had eased foreign apprehension about a possible trade war, Sankei….Read more

ECONOMY > External Relations

MUFG readies US railway maintenance venture

Mitsubishi UFJ Lease & Finance will debut a railway and rail car maintenance business in the U.S. via a joint venture with The Greenbrier Companies as early as summer.   The Mitsubishi UFJ Financial Group unit will spend more than $1 billion for the deal with Greenbrier, the second-largest manufacturer of freight rail equipment in the U.S.   MUFG will establish….Read more

  • April 6, 2017
  • , Nikkei Asian Review
  • English Press

ECONOMY

Japan Inc.’s overseas acquisitions hit record

TOKYO — Foreign acquisitions by Japanese companies jumped about 30% in the fiscal year ended Friday to a record 10.91 trillion yen ($97.9 billion), as rock-bottom interest rates at home allowed businesses to pursue larger deals than in the past.   The number of acquisitions also climbed 6% to an all-time high of 627, according to mergers and acquisitions consultancy Recof.….Read more

  • April 3, 2017
  • , Nikkei Asian Review , 2:30 a.m.
  • English Press

ECONOMY > External Relations

Some cast doubt on new JICA department for infrastructure export

Japan International Cooperation Agency (JICA), which is tasked by the government to carry out Japan’s official development aid programs, plans to establish a new department within the agency to support infrastructure exports, which the administration promotes. Even before the department’s launch, however, opinions inside JICA have been divided over its creation.   The new department will be tentatively called “Department for Export of High-Quality….Read more

  • February 28, 2017
  • , P. 93
  • JMH Translation

ECONOMY > External Relations

Analysis: Trump lashes out at Toyota even as local production hits record high

By Masaaki Kudo, Nikkei staff writer   NAGOYA, Japan — Why does Donald Trump go after Toyota Motor?   The Japanese automaker’s consolidated business results for the April-December period announced Monday painted a picture of a company that does not quite fit in the mold the U.S. president has tried to cast for it. The results showed the company’s U.S.….Read more

ECONOMY > External Relations

METI promotes exchange between small businesses in Japan and Germany

The Ministry of Economy, Trade and Industry will promote exchange between small and medium-sized businesses of Japan and Germany to share expertise on the IoT (Internet of Things) and other technologies. The first group of companies from Germany will visit Japan in February, and a plan for their Japanese counterparts to visit Germany is currently being developed.   The initiative….Read more

  • January 5, 2017
  • , Nikkei , p. 4
  • English Press

ECONOMY > External Relations

Japanese companies team up to fund infrastructure exports

TOKYO — Mitsubishi UFJ Lease & Finance and Hitachi Capital will jointly set up a venture company as early as next spring that will finance overseas infrastructure projects taken on by Japanese companies.   Named the Japan Infrastructure Initiative, the new company aims to provide a total of around 100 billion yen ($878 million) in investments and loans to support private-sector….Read more

  • December 1, 2016
  • , Nikkei Asian Review , 6:45 p.m.
  • English Press

ECONOMY > External Relations

Japan estimates foreign tourists to reach around 24 mil. by year-end

The total number of foreign visitors to Japan is expected to reach around 24 million by the end of this year, Japan Tourism Agency head Akihiko Tamura said Wednesday.   The estimated total number of foreign visitors to Japan reached 20.11 million at the end of October, up 23.3 percent from a year earlier, topping last year’s record 19.74 million….Read more

  • November, 16 2016
  • , Kyodo News , 23:04
  • English Press

ECONOMY > External Relations

Finance Minister Aso expects close U.S.-Japan relations to be maintained under Trump

Friday morning’s Nikkei reported that Finance Minister Aso expressed the view at an Upper House committee meeting on Thursday that the close economic relations between the U.S. and Japan will be maintained even under the Trump administration. “Although I cannot say much before the new team is formed, Japan enjoys the trust [of the U.S.] in Asia,” said Aso. He also….Read more

ECONOMY > External Relations

Editorial: Cultivating ‘Japan fans’ key to attracting repeat foreign visitors

In just 10 months, the number of foreign visitors to Japan has already smashed through the 20 million mark for the year, surpassing the previous annual record of about 19.74 million arrivals set in 2015.   The first time foreign visitors topped 10 million was in 2013. At the time, the government set a target of “20 million people by….Read more

  • November 1, 2016
  • , The Mainichi
  • English Press
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