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INTERNATIONAL > East Asia & Pacific

North Korea smuggles banned coal to China, Nikkei probe finds

TOKYO — North Korea is likely shipping coal directly to Chinese ports, activity that is banned from international trade under United Nations Security Council sanctions, a Nikkei investigation found.   Nikkei obtained satellite images of a North Korean-registered ship carrying coal, and confirmed that the ship directly went to China by examining data from the vessel’s automatic identification system (AIS).….Read more

ECONOMY > Energy

Business titans mixed on issue of energy imports from Russia

An Asahi Shimbun survey found that 31 of 100 major companies across Japan support steps to suspend or curtail imports of resources from Russia over its invasion of Ukraine, while a plurality of firms avoided stating a position.   Asked whether Japan should continue importing Russian oil and natural gas, 26 called for a reduction while five said it should stop….Read more

  • June 21, 2022
  • , The Asahi Shimbun , 6:16 p.m.
  • English Press

ECONOMY > Trade

Editorial: As the guardian of free trade, WTO has a duty to fix itself

A ministerial conference of the World Trade Organization adopted joint statements on a package of trade initiatives, the first in six and a half years, to address pressing concerns about the way global trade is increasingly being divided into rival blocs.   Still, a sense remains that the WTO simply put off taking decisive action on issues upon which the interests of the….Read more

  • June 21, 2022
  • , The Asahi Shimbun , 3:27 p.m.
  • English Press

ECONOMY > Trade

Japan-Colombia EPA talks likely to stall

Bogota, June 20 (Jiji Press)–Following the victory of leftist Gustavo Petro, an advocate of protectionism, in Sunday’s presidential election in Colombia, talks on an economic partnership agreement with Japan are expected to come to a standstill.   Petro is expected to drastically revise the South American nation’s trade policies as he pledged to renegotiate existing free trade agreements and raise….Read more

  • June 20, 2022
  • , Jiji Press , 7:06 p.m.
  • English Press

ECONOMY > Trade

WTO adopts declaration for first time in over six years 

All national dailies reported on Saturday that the WTO ministerial meeting concluded after adopting a ministers’ declaration for the first time in about six and a half years on Friday. Nikkei said the trade ministers agreed to exercise restraint in restricting food exports and to regulate fisheries subsidies that could lead to overfishing. The paper said although the WTO has been criticized….Read more

  • June 18, 2022
  • , All national papers
  • JMH Summary

ECONOMY

Weak yen turns from boon to bane for Japanese stocks

SETSUO OTSUKA, Nikkei financial policy and markets editor, and KOSUKE IGUCHI, Nikkei staff writer   TOKYO — When the yen weakens, the stock market rallies. This long-held rule of thumb no longer applies as Japan is not the export powerhouse it once was.   The Nikkei Stock Average recorded its third-steepest drop this year on Monday even as the yen….Read more

  • June 14, 2022
  • , Nikkei Asia
  • English Press

ECONOMY > Trade

WTO chief calls for relaxation of export controls to address food crisis 

All national dailies reported on the start of the WTO ministerial meeting in Geneva on Sunday, saying that the ministers will focus on addressing the food crisis following Russia’s invasion of Ukraine and rulemaking to ban subsidies that encourage overfishing. Noting that WTO decisions must be made unanimously in principle, Yomiuri said tough negotiations are expected to follow as the….Read more

  • June 14, 2022
  • , All national papers
  • JMH Summary

ECONOMY > Trade

Philippines urges Japanese retailers to raise banana prices

Tokyo, June 8 (Jiji Press)–The Philippine Embassy in Tokyo said Wednesday that it has asked Japanese retailers to raise prices for bananas imported from the Southeast Asian country.   The unusual request came as Philippine farmers are struggling to secure profits due to rising production costs.   Philippine Ambassador to Japan Jose Laurel V said at a press conference that….Read more

  • June 8, 2022
  • , Jiji Press , 9:44 p.m.
  • English Press

ECONOMY > Trade

Editorial: Use new economic framework to stabilize Indo-Pacific

The Indo-Pacific Economic Framework (IPEF), a new economic bloc initiative led by the U.S., has moved forward. Currently, 14 countries, including Japan, the U.S., South Korea, and India, have announced their participation in the IPEF to cooperate in rebuilding supply chains (supply networks) and creating rules for digital trade.   Many are negative about a framework that does not include….Read more

INTERNATIONAL > U.S.

Japan, U.S. sign beef trade safeguard agreement

Tokyo, June 3 (Jiji Press)–Japan and the United States have formally agreed to revise the criteria for Tokyo to trigger a safeguard measure to curb U.S. beef imports, the Japanese Foreign Ministry said Friday.     The two governments have signed a revised protocol amending the safeguard measure under the bilateral trade pact.     The Japanese government hopes to gain parliamentary approval for….Read more

  • June 3, 2022
  • , Jiji Press , 10:12 p.m.
  • JMH Summary
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