ECONOMY

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ECONOMY

U.S., Japan eye robust supply chains in economic “2-plus-2” talks

WASHINGTON — Top foreign and economy officials of the United States and Japan will meet Friday to affirm their cooperation in building resilient supply chains for key technologies such as semiconductors and enhancing a rules-based order in the face of challenges posed by China and Russia.   The economic “two-plus-two” meeting, a framework akin to the bilateral security talks involving….Read more

INTERNATIONAL > U.S.

Japan, U.S. to launch R&D for 2-nm chip mass production

RIEKO MIKI, Nikkei staff writer   TOKYO — Japan will open an R&D center for next-generation 2-nanometer chips by year-end under a partnership with the U.S., part of their efforts to establish secure chip supply chains amid tensions around industry leader Taiwan.   The facility will be set up by a new Japanese chip research institution slated to debut this year,….Read more

ECONOMY

Synthetic methane could reduce Japan’s dependence on imported LNG

By Takehiko Nagata   Major gas companies and others are beginning to put their strength into “methanation,” the process of producing synthetic methane from hydrogen and carbon dioxide (CO2). This is the same methane that is the main component of gas produced in cities.   By using CO2 during the manufacturing process, emissions from city gas are offset. Since the….Read more

  • July 29, 2022
  • , Japan Forward
  • English Press

ECONOMY

Keizai Doyukai sets up investment fund to support African development

On July 28, Keizai Doyukai (Japan Association of Corporate Executives) announced it will set up a development investment fund exclusively for Africa. Starting from next spring, the “Africa investment organization” will invest in Japanese startups doing business in Africa. The plan is for the fund to manage 10-15 billion yen in 2024.

  • July 29, 2022
  • , Nikkei , p. 5
  • JMH Translation

ECONOMY

Japan textile industry makes guidelines on human rights

Tokyo, July 28 (Jiji Press)–A textile industry group in Japan said Thursday it has created guidelines encouraging companies to pay more attention to human rights abuses in supply chains.     The Japan Textile Federation’s guidelines include a checklist for company executives to see what they need to pay attention to for each type of rights abuses, such as forced labor,….Read more

  • July 28, 2022
  • , Jiji Press , 10:54 p.m.
  • English Press

ECONOMY

8 Japan automakers’ domestic output down 14.3 pct in Jan.-June

Tokyo, July 28 (Jiji Press)–Eight major Japanese automakers’ combined domestic vehicle production in January-June fell 14.3 pct from a year before to about 3.42 million units, data from the companies showed Thursday.   The decline reflected a spate of domestic plant suspensions during the six-month period due to prolonged semiconductor shortages and the COVID-19 lockdown in Shanghai.   All of….Read more

  • July 28, 2022
  • , Jiji Press , 7:00 p.m.
  • English Press

ECONOMY

BOJ will not budge on easing to spur wage growth: deputy chief

TOKYO — The Bank of Japan will not waver in its monetary easing policy to promote more robust wage growth, a deputy governor said Thursday, noting its goal of achieving its 2 percent inflation target in a stable manner is still out of reach.   The remark by Deputy Governor Masayoshi Amamiya reinforces the view that the Japanese central bank will….Read more

  • July 28, 2022
  • , Kyodo News , 2:08 p.m.
  • English Press

INTERNATIONAL > U.S.

U.S., Japan to step up collaboration for producing next-generation IC chips 

Nikkei reported on the U.S.-Japan economic 2+2 meeting to be held in Washington on Friday, focusing on the expected agreement to start joint research on the production of next-generation semiconductors for use in quantum computers. A research lab, including a preliminary manufacturing line, will be established in Japan later this year. Multiple Japanese entities, including the University of Tokyo, will….Read more

  • July 29, 2022
  • , Nikkei
  • JMH Summary

INTERNATIONAL > U.S.

U.S., Japan to take lead in shaping new economic order  

Yomiuri front-paged an article from Washington on the two governments’ plans to draw up an action program for creating a new international economic order, countering coercion, rolling out robust infrastructure, and building resilient supply chains. The two partners will reportedly express their resolve to establish and build a rules-based economic order by capitalizing on the IPEF and other relevant free….Read more

  • July 29, 2022
  • , Yomiuri
  • JMH Summary

POLITICS

Yamagiwa to be tapped as minister in charge of business startups  

Nikkei reported that Prime Minister Kishida plans to ask Minister for Economic and Fiscal Policy Yamagiwa to take on an additional cabinet post in charge of business startups beginning in August. The official will oversee the drafting and implementation of government programs related to the administration’s ambitious goal of increasing new businesses tenfold in the next five years.   

  • July 29, 2022
  • , Nikkei
  • JMH Summary
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