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INTERNATIONAL

AIIB inaugurated

All papers ran inside-page reports on the inauguration on Saturday in Beijing of the Asian Infrastructure Investment Bank (AIIB) amid worldwide concern over the slowing Chinese economy. Asahi wrote that Japan remains cautious about the possibility of participating in the bank, quoting Finance Minister Aso as saying on Friday that there has been no change in Tokyo’ s position. The….Read more

  • January 17, 2016
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INTERNATIONAL > East Asia & Pacific

Japan ready to cooperate with South Korea over resumption of currency swap

Several papers ran inside-page reports on press remarks made on Friday by Finance Minister Aso, during which he commented on the possibility of resuming a currency swap agreement with the ROK by saying that Japan is ready to cooperate with South Korea on the matter. However, the finance minister added that Tokyo has yet to receive a request from Seoul….Read more

  • January 16, 2016
  • , Asahi, All national papers
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POLITICS

JA Zenchu head flexible about raising companies’ ownership stakes in farming corporations

(Nikkei: January 15, 2016 – p. 5)    Choe Okuno, president of the Central Union of Agricultural Cooperatives, or JA-Zenchu, showed his flexible stance on raising the ceiling for companies’ ownership stakes in agricultural production corporations to over 50%.    The revised agricultural land act, which will go into force in April, will allow businesses to obtain ownership stakes of….Read more

  • 2016-01-15 15:00:00
  • , Nikkei
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POLITICS

Gov’t mulling tapping special foreign exchange account to finance reduced tax program

(Nikkei: January 14, 2016 – p. 4)    The government has come up with the idea of using deposits in the foreign exchange fund special account to finance a reduced tax rate program that will be introduced along with the scheduled sales tax hike in April 2017. The recent weakening of the yen has helped fatten the account surplus to….Read more

  • 2016-01-14 15:00:00
  • , Nikkei
  • Translation

POLITICS

ESP Forecast: Private sector has harsh view on Japan’s economic outlook

(Sankei: January 14, 2016 – p. 11)    On Jan. 13, the Japan Center for Economic Research (JCER) released its January ESP Forecast, a monthly survey of 41 economic analysts at private institutes in Japan. The real GDP growth rate in FY2016 is predicted to be 1.44% year-on-year. This is a downward revision from last month’s 1.51% and reflects increasing….Read more

  • 2016-01-14 15:00:00
  • , Sankei
  • Translation

POLITICS

Abenomics put to test by plunging stock prices, yen appreciation

(Yomiuri: January 13, 2016 – p. 3)    By economic reporters Miyuki Yoshioka, Shota Mizuno    Stock prices have plunged precipitously since the start of 2016. What will this mean for the Japanese economy? While the government is aiming at realizing a virtuous cycle of bigger corporate profits translating into wage increases and more capital investment, a further decline in….Read more

  • 2016-01-13 15:00:00
  • , Yomiuri
  • Translation

INTERNATIONAL

Japan to support India’s efforts to promote renewable energy

Mainichi wrote on page 6 that Minister of Economy, Trade and Industry Hayashi and Indian Energy Minister Goyal issued a joint statement in Tokyo on Tuesday concerning Japan’s support for India’s introduction of high-efficiency coal-fired power generation and renewable energy.  

  • January 13, 2016
  • , Mainichi
  • JMH Summary

INTERNATIONAL

Japan, South Korea to cooperate on concluding trilateral FTA with China

Several papers ran inside-page reports on Japan-ROK high-level economic talks held in Tokyo on Tuesday, during which the two nations agreed to promote cooperation on concluding a trilateral FTA with China. However, Tokyo and Seoul were unable to make progress in lifting South Korea’s import ban on Japanese fishery products.

  • January 13, 2016
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POLITICS

U.S. economic organizations embrace TPP

Sunday’s Mainichi reported from Washington that a number of U.S. economic lobbying groups, including the Business Roundtable, the National Association of Manufacturers, and the U.S. Chamber of Commerce, have voiced their support for the TPP in order to press Congress to approve it quickly. The paper added, however, that some agricultural groups and the auto industry remain opposed or cautious….Read more

  • January 12, 2016
  • , Mainichi
  • JMH Summary

POLITICS

GOJ to submit 11 bills for ratification of TPP accord

Saturday’s Nikkei wrote that the GOJ plans to submit to the Diet in late March 11 pieces of legislation aimed at obtaining parliamentary endorsement of the TPP accord. Noting that four of the bills are related to the government response to the agricultural sector, the paper said the GOJ hopes to enact the legislation ahead of the Upper House election….Read more

  • January 12, 2016
  • , Nikkei
  • JMH Summary
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