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TPP to be signed next month, U.S. Congress holds key to bringing it into force

(Tokyo Shimbun: January 8, 2016 –p. 6)    Japan, the U.S., and the 10 other countries participating in the Trans-Pacific Partnership free trade pact are coordinating to sign the treaty draft in New Zealand on February 4. The signing ceremony will be joined by chief negotiators and other representatives of the countries. After signing the pact, the governments of the….Read more

  • 2016-01-08 15:00:00
  • , Tokyo Shimbun
  • Translation

POLITICS

JCP accuses gov’t of underestimating TPP’s adverse effects

(Sankei: January 8, 2016 – p. 5)    Japanese Communist Party (JCP) member Satoshi Inoue questioned the government’s estimate of the TPP’s economic effects released in late 2015 at the House of Councillors plenary session on Jan. 7, in an attempt to arouse anxiety.    He pointed out that the estimated boost to the GDP has increased from 3.2 trillion….Read more

  • 2016-01-08 15:00:00
  • , Sankei
  • Translation
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POLITICS

TPP will boost Japan’s GDP by 2.7% by 2030, says World Bank

(Nikkei: January 8, 2016 – p. 5)    The Trans-Pacific Partnership (TPP) will bring major benefits to the Japanese economy, according to provisional estimates released by the World Bank. By 2030, it will raise Japan’s gross domestic product (GDP) by 2.7%, more than twice the average for the 12 TPP-participating nations. The trade pact is expected not only to increase….Read more

  • 2016-01-08 15:00:00
  • , Nikkei
  • Translation

POLITICS

Japanese translation of broad TPP accord posted on Internet

Tokyo Shimbun reported that the GOJ on Thursday published on its website a tentative Japanese translation of the broad TPP agreement in preparation for parliamentary scrutiny for ratification in the current Diet session. In the meantime, Nikkei took up the World Bank’s estimate of the benefits of the TPP, noting that according to the organization, Japan will benefit greatly as….Read more

  • January 8, 2016
  • , Nikkei, Tokyo Shimbun
  • JMH Summary

ECONOMY > Labor

Japanese students plagued by labor woes

This time of year is traditionally a festive time for Japanese people, especially youths, as they go out almost daily for Christmas shopping and dates, year-end parties, and New Year’s visits to shrines and temples. But some Japanese college students detest this season because they are pressured to purchase unsold Christmas cakes, traditional Japanese New Year’s food packed in special….Read more

  • January 6, 2016
  • , Asahi
  • Trending@Japan

POLITICS

Defense budget used to build anti-U.S. bases “Holy Land”

(Sankei: January 6, 2016 – pp. 1, 3)    The construction cost for a huge baseball stadium in the Onoyama Park not far from the Naha Airport was 6.8 billion yen, three-fourths of which was paid with subsidies from the Ministry of Defense (MOD). Governor Takeshi Onaga himself, then mayor of Naha, inaugurated the stadium in April 2010.    The….Read more

  • 2016-01-06 15:00:00
  • , Sankei
  • Translation

POLITICS

JETRO survey finds that 33% of companies are “considering taking advantage of the TPP”

(Tokyo Shimbun: January 5, 2016, Evening edition – p. 2)    Of Japanese-owned companies with a presence in any of five Asian or Oceanian countries participating in the Trans-Pacific Partnership (TPP), only 33% are considering taking advantage of the trade pact, it was learned on Jan. 4 from a survey conducted by the Japan External Trade Organization (JETRO).    Although….Read more

  • 2016-01-06 15:00:00
  • , Tokyo Shimbun
  • Translation

POLITICS

JCG beefs up EEZ patrol to protect Japan’s saury fishing

(Sankei: January 6, 2016 – p. 3)    The Japan Coast Guard (JCG) will beef up patrols in Japan’s Exclusive Economic Zone (EEZ) off Sanriku in the Pacific Ocean for protecting the fishing ground for saury from Taiwanese and Chinese fishing boats. Japan’s catch of saury was the smallest ever last year. The JCG earmarked money for newly constructing a….Read more

  • 2016-01-06 15:00:00
  • , Sankei
  • Translation

POLITICS

Local governments put together their own estimates on TPP

Sankei wrote that several prefectural governments, including Niigata and Wakayama, and agricultural cooperatives have produced their own estimates on the impact of the TPP on local economic output in the belief that the central government’s estimate was “too optimistic.” For instance, the Wakayama prefectural government called for 18.3 billion yen in spending to protect local citrus farmers whereas Niigata projected….Read more

  • January 6, 2016
  • , Sankei
  • JMH Summary

POLITICS

Major upcoming political events as envisaged by government, ruling coalition

(Nikkei: January 4, 2016 – p. 2)   January 4 Convocation of regular Diet session   Report by Prime Minister Abe on his diplomatic activities January 6 Party representatives’ interpellation at plenary session of the House of Representatives January 7 Party representatives’ interpellation at plenary session of the House of Councillors Start of deliberations on supplementary budget for fiscal 2015….Read more

  • 2016-01-04 15:00:00
  • , Nikkei
  • Translation
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