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ECONOMY > Trade

¥1.55 tril. spent on TPP measures, but many targets going unmet

The government spent about ¥1.55 trillion on measures in fiscal 2015-20 to soften the impact of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP) on domestic businesses, but many policy goals have not been achieved, according to the Board of Audit.   This is the first time a clear picture of the budget execution for TPP-related measures has been….Read more

  • September 15, 2022
  • , The Japan News , 3:20 p.m.
  • English Press

ECONOMY > Trade

Indo-Pacific ministers to boost regional supply chains: Japan

Los Angeles — Fourteen member states of a U.S.-led Indo-Pacific economic initiative agreed Thursday to bolster regional supply chains, moving a step closer toward the launch of formal negotiations under the initiative, according to Japan’s trade minister.   Yasutoshi Nishimura told reporters after the first day of a two-day Indo-Pacific Economic Framework ministerial meeting in Los Angeles that IPEF members….Read more

  • September 9, 2022
  • , Kyodo News , 1:31 p.m.
  • English Press

ECONOMY > Trade

IPEF trade ministerial begins in Los Angeles

NHK reported on the opening of a two-day IPEF trade ministerial meeting in Los Angeles on Thursday, spotlighting the opening remarks made by USTR Tai at a breakfast session in which she noted that the initiative demonstrates the Biden administration’s engagement with the Indo-Pacific region. The official said President Biden believes that the global economy in this century will be….Read more

  • September 9, 2022
  • , NHK
  • JMH Summary

ECONOMY > Trade

U.S. vows economic rule-making for Indo-Pacific in new initiative

Los Angeles — The United States aims through a new Indo-Pacific economic engagement initiative to establish rules that will bring regional prosperity, U.S. Trade Representative Katherine Tai said Wednesday ahead of the first in-person ministerial meeting under the initiative.   The launch of the Indo-Pacific Economic Framework was announced during U.S. President Joe Biden’s visit to Japan in May and….Read more

  • September 8, 2022
  • , Kyodo News , 7:50 a.m.
  • English Press

ECONOMY > Trade

Japan, U.S. affirm cooperation for IPEF ministerial talks

Jiji reported that Minister of Economy, Trade, and Industry Nishimura and U.S. Trade Representative Tai held an online meeting on Wednesday during which they agreed to strengthen cooperation between their countries ahead of the upcoming ministerial meeting of the Indo-Pacific Economic Framework for Prosperity initiative. Jiji wrote that the IPEF ministerial meeting, scheduled to take place in Los Angeles for….Read more

  • September 1, 2022
  • , Jiji
  • JMH Summary

ECONOMY > Trade

U.S. to host IPEF ministerial talks in Los Angeles

NHK reported that the Office of the U.S. Trade Representative and the Department of Commerce announced on Tuesday that they will co-host a ministerial meeting of the Indo-Pacific Economic Framework for Prosperity (IPEF) in Los Angeles on Sept. 8-9. The network said that this will be the first in-person meeting of the framework and that all 14 members, including Japan,….Read more

ECONOMY > Trade

IPEF ministerial meeting to be held in U.S. next month

Sunday’s Nikkei front-paged the revelation by a source involved in U.S.-Japan relations that the trade ministers of the 14 IPEF members will assemble in Los Angeles on Sept. 8-9 to officially launch the U.S.-orchestrated initiative aimed at creating trade and investment rules, promoting decarbonization and infrastructure investment, and building resilient supply chains in the Indo-Pacific region. In the first in-person….Read more

  • August 21, 2022
  • , Nikkei
  • JMH Summary

INTERNATIONAL > East Asia & Pacific

U.S., Taiwan to launch trade talks

TV Asahi reported that the United States announced on Wednesday that it has formally agreed with Taiwan to launch negotiations on the U.S.-Taiwan Initiative on 21st-Century Trade, which was announced in June, and that the first round of the negotiations is expected to take place early this fall. The network said China’s Foreign Ministry reacted sharply to the U.S. announcement,….Read more

  • August 19, 2022
  • , TV Asahi
  • JMH Summary

SECURITY

MOF to use AI for monitoring illegal exports

The Ministry of Finance (MOF) will intensify the crackdown on illegal exports at customs offices across the nation. The ministry will utilize artificial intelligence (AI) in the screening of precision equipment and other industrial products with potential military application before they are shipped outside the country. During the Russian invasion of Ukraine, it was pointed out that products made by….Read more

  • August 1, 2022
  • , Nikkei , p. 3
  • JMH Translation

ECONOMY

IPEF ministers discuss rulemaking in four sectors

All national dailies wrote that the member states of the Indo-Pacific Economic Framework (IPEF) held an online ministerial meeting on July 26-27 and discussed rulemaking in four sectors–trade, supply chains, clean energy/infrastructure, and taxes/combating corruption. Asahi wrote that although the framework is aimed at establishing an economic zone based on shared rules to counter China’s “Belt and Road” initiative, it….Read more

  • July 28, 2022
  • , All national papers
  • JMH Summary
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