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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

INTERNATIONAL > East Asia & Pacific

Japan begins anti-dumping probe into imported chemicals from South Korea 

Nikkei wrote that the Ministries of Finance and Trade announced on Monday that they will launch an anti-dumping investigation into imports from South Korea of potassium carbonate, a chemical compound used in the production of glass for liquid crystal panels. The ministries are planning to decide whether to impose anti-dumping duties on the South Korean products within a year after interviewing concerned….Read more

ECONOMY

Keidanren wary of Trump’s new rule on work visas

The head of Japan’s largest business body has expressed concern over new rules set out by US President Donald Trump’s administration that temporarily block some foreign workers from entering the United States.   The US government announced on Monday that it will suspend the issuance of work visas for certain foreigners such as high-skilled workers until the end of the….Read more

INTERNATIONAL

Japan, Malaysia to postpone aircraft industry cooperation

Tokyo, Feb. 7 (Jiji Press)–The governments of Japan and Malaysia will delay the creation of a cooperation framework for aircraft industry development, Japanese government sources told Jiji Press on Friday. The postponement came after a Malaysian delegation canceled its trip to Singapore to ink an agreement on the framework, over fears of being infected by the new coronavirus spreading in Asia.….Read more

  • February 7, 2020
  • , Jiji Press , 6:09 p.m.
  • English Press

ECONOMY > Energy

Environment minister’s remarks on Vietnam coal plant project cause stir within GOJ

Saturday’s Nikkei highlighted remarks made on Friday by Environment Minister Koizumi calling for a review of a project involving Japanese, U.S., and Chinese companies to construct a coal power plant in Vietnam. Some GOJ officials are troubled by the minister’s objection because the initiative was orchestrated by Mitsubishi Corp. and backed by the Japan Bank of International Cooperation as a….Read more

  • January 25, 2020
  • , Nikkei
  • JMH Summary

INTERNATIONAL > East Asia & Pacific

Number of Japanese visitors to ROK exceeds 3 million for first time in 7 years

NHK reported online that the number of visitors from Japan to South Korea in 2019 rose 11% from the previous year, exceeding three million for the first time in seven years. According to an announcement by the Korea Travel Bureau on Wednesday, the number of Japanese visitors to the country was 3.27 million in 2019. The network reported that the….Read more

  • January 22, 2020
  • , NHK digital
  • JMH Summary
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