ECONOMY

  • BOXES
  • LIST

ECONOMY > Agriculture

Japan to keep imported wheat price unchanged despite inflation

TOKYO – The Japanese government plans to keep unchanged the average price at which it sells imported wheat to milling companies from October onward despite soaring inflation, an official with knowledge of the matter said Saturday.   The plan is aimed at easing the burden on households suffering from higher prices of wheat products such as bread and noodles on the back of….Read more

  • August 13, 2022
  • , Kyodo News , 4:44 p.m.
  • English Press

SECURITY

Japan to not disclose tech research at risk of overseas military use

TOKYO – The Japanese government will not disclose results of its research on critical technologies if there is a risk the information may be diverted for military use overseas or otherwise jeopardize national interests, sources close to the matter said Friday.   Research results on cutting-edge technologies specified in the economic security law will be shared only within associations made up of….Read more

POLITICS

Economic Security Minister Takaichi eager to introduce “security clearance” system

By Miki Rieko   Minister for Economic Security Takaichi Sanae led discussions on economic security within the Liberal Democratic Party when she chaired its policy affairs council. She advocates strengthening the protection of critical technologies. The introduction of a “security clearance” system to restrict those qualified to handle classified information will be the next focus of economic security.   Prime….Read more

ECONOMY

Editorial: World needs peaceful end to divisions triggering global economic crisis

Russia’s invasion of Ukraine has divided international society and greatly shaken the global economic environment that has sustained development in the post-Cold War period. The 1989 declaration of the end of the Cold War by the leaders of the United States and the then Soviet Union eased world tensions and produced what was termed the “dividends of peace” for many….Read more

  • August 13, 2022
  • , The Mainichi
  • English Press

ECONOMY

42% of major firms see Japan economy slowing down on rising prices, Kyodo News poll of 114 companies

TOKYO — Around 42 percent of major companies in Japan expect the country’s economy to slow down over the next 12 months, up from just 5 percent one year ago, as they struggle to cope with surging commodity costs and the yen’s weakness, a Kyodo News survey showed Thursday.   The survey of 114 companies, including Toyota Motor Corp. and….Read more

  • August 12, 2022
  • , Kyodo News , 7:17 a.m.
  • English Press

ECONOMY

Four U.S. firms sue Hino Motors 

Saturday’s Asahi, Nikkei, Yomiuri, and Sankei reported that major Japanese truck manufacturer Hino Motors announced on Friday that four U.S. firms filed a class action lawsuit against it and its parent company, Toyota Motor, on Aug. 5 claiming damages on behalf of those who purchased or leased Hino’s trucks from the model years 2004 to 2021 caused by the company’s past misconduct.….Read more

  • August 13, 2022
  • , Asahi, Yomiuri, Nikkei, Sankei
  • JMH Summary

ECONOMY > Energy

METI council compiles roadmap for operating next-generation nuclear plant

On Aug. 9, a council of the Ministry of Economy, Trade and Industry (METI) compiled a draft roadmap for the technological development of the next-generation nuclear power plant. The draft says the ministry aims to start commercial operations of safer large nuclear plants in the 2030s. The realization of the plan requires a political judgment as the government currently says….Read more

ECONOMY

Aluminum inventories pile up in Japan as demand drops

By Kawaji Yosuke   There has been a change in Japan’s aluminum stockpiles. Although port inventories of aluminum in Japan, an aluminum consumer, have increased with the sluggish demand for automobiles, designated inventories on the London Metal Exchange (LME), regarded as an international index, have fallen to historically low levels due to supply constraints and other factors. Currently, Japan’s port….Read more

  • August 10, 2022
  • , Nikkei , p. 24
  • JMH Translation

POLITICS

New industry minister vows to secure stable energy supply in Japan

TOKYO — New industry minister Yasutoshi Nishimura on Wednesday pledged to secure stable energy supply for Japan, including an increased use of nuclear power.   Japan appears to have enough energy to get through this hot summer but the reserve rate of electricity will dwindle further this winter, as most of the nuclear power plants in the country remain offline under stricter safety….Read more

  • August 10, 2022
  • , Kyodo News , 11:54 p.m.
  • English Press

ECONOMY > Energy

China and Japan duel over ‘liquid’ batteries for green energy

Rongke eyes lead in redox flow tech as Sumitomo Electric bets on mini units   SHIN WATANABE and SHIMPEI NAKAMURA, Nikkei staff writers   DALIAN, China/OSAKA — China’s Dalian Rongke Power is competing with Japan’s Sumitomo Electric Industries in capturing demand for a unique type of storage battery that will be crucial to expanding the use of renewable energy.   A power project in the city of Dalian began operations….Read more

  • August 11, 2022
  • , Nikkei Asia , 6:25 p.m.
  • English Press
  • Ambassador
  • Ukraine
  • OPINION POLLS
  • COVID-19
  • Trending Japan