ECONOMY > External Relations

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INTERNATIONAL > East Asia & Pacific

Japan provides 38 bil. yen loan for Manila railway rehabilitation

MANILA — Japan and the Philippines signed an agreement Wednesday for up to 38 billion yen ($336 million) in Japanese assistance to rehabilitate a mass transit railway in Manila that has fallen into a state of disrepair.   Philippine Foreign Secretary Teodoro Locsin and Japanese Ambassador Koji Haneda signed and exchanged notes concerning the Metro Rail Transit Line 3 Rehabilitation Project….Read more

  • November 7, 2018
  • , Kyodo News , 8:00 p.m.
  • English Press

INTERNATIONAL > East Asia & Pacific

Shanghai import expo attracts 450 Japanese companies as ties warm

By NAOKI MATSUDA, Nikkei staff writer   SHANGHAI — Japanese businesses will make up the biggest group of exhibitors at a government-hosted import expo here, vying for market share as China falls out with the U.S. and warms to Tokyo.   Around 450 companies from Japan, including Toyota Motor, Honda Motor and Mitsubishi Heavy Industries, will showcase their technological prowess….Read more

INTERNATIONAL > East Asia & Pacific

Gov’t to ask Japan companies not to compensate S. Korean ex-forced laborers

TOKYO — The government of Japan intends to ask Japanese companies facing damages suits filed by former South Korean forced laborers not to pay compensation or settle out of court, according to people familiar with the arrangement.   The government policy came about in response to a South Korean Supreme Court order on Oct. 30. The court ordered Nippon Steel….Read more

  • November 1, 2018
  • , The Mainichi
  • English Press

ECONOMY > Energy

INTERVIEW: JBIC to help construct LNG facilities in Asia

Tokyo, Oct. 30 (Jiji Press) — The Japan Bank for International Cooperation will promote construction of liquefied natural gas-linked facilities, such as thermal power plants, in Southeast Asian countries jointly with Japanese companies, JBIC Governor Tadashi Maeda said in an interview with Jiji Press. Attracting attention as an energy source to replace coal, which emits much more heat-trapping gases, LNG….Read more

  • October 30, 2018
  • , Jiji Press , 9:19 p.m.
  • English Press

INTERNATIONAL > East Asia & Pacific

Japan businesses concerned over S. Korea order on forced labor

Tokyo, Oct. 30 (Jiji Press) — Japanese businesses expressed concerns on Tuesday about a possible impact on their operations in South Korea from a court ruling in Seoul on Japanese wartime forced labor. Four Japanese business groups issued a joint statement saying they are deeply concerned that the ruling could become an obstacle to making investments and doing business in….Read more

  • October 30, 2018
  • , Jiji Press , 11:32 p.m.
  • English Press

INTERNATIONAL > South & Central Asia

India and Japan seal $75bn currency swap deal

By KIRAN SHARMA, Nikkei staff writer   TOKYO — India and Japan on Monday inked a $75 billion bilateral currency swap agreement which should bring greater stability to foreign exchange and capital markets in Asia’s third largest economy.   The pact, which was concluded during Prime Minister Narendra Modi’s visit to Japan, is aimed at enhancing financial and economic cooperation….Read more

  • October 29, 2018
  • , Nikkei Asian Review , 11:19 p.m.
  • English Press

INTERNATIONAL > South & Central Asia

Japan and India pledge cooperation on AI and 5G

By TSUKASA HADANO, Nikkei staff writer   TOKYO — Japanese Prime Minister Shinzo Abe and Indian counterpart Narendra Modi agreed on Monday to work together more closely on digital technology, combining Japan’s strength in hardware and India’s software prowess to spur innovation.   As global competition intensifies in artificial intelligence, robotics and fifth-generation mobile communications, the two leaders saw the….Read more

INTERNATIONAL > East Asia & Pacific

Abe sets 4 conditions for joint projects with China in 3rd countries; no mention of Belt and Road

By Keita Ikeda in Beijing   The Japanese government has not indicated direct support for China’s “Belt and Road Initiative” for a broad economic sphere. It is insisting on promoting cooperation between Japanese and Chinese companies only for projects meeting the standards of “high-quality infrastructure,” keeping a certain distance from China’s initiative.   Prime Minister Shinzo Abe did not mention….Read more

  • October 27, 2018
  • , Yomiuri , p. 2
  • JMH Translation

INTERNATIONAL > East Asia & Pacific

Gist of press release by Abe, Li after meeting in Beijing

BEIJING — The following is the gist of a joint press release issued after a bilateral meeting between Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang in Beijing on Friday.Japan and China agree to:   — boost bilateral economic cooperation and promote free trade.   — jointly move ahead with infrastructure projects in third countries.   — launch….Read more

INTERNATIONAL > East Asia & Pacific

Japan and China pledge move from ‘competition to collaboration’

By SHUNSUKE SHIGETA, Nikkei staff writer   BEIJING — Japan and China agreed Friday on a raft of economic and security initiatives aimed at improving bilateral ties, as Beijing seeks cooperation from Tokyo amid prolonged trade tensions with Washington.   The agreements cover a wide range of areas, from easing maritime tensions to cooperation in energy, infrastructure development and technology.   Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang signed….Read more

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