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ECONOMY > Trade

Editorial: Develop Japan’s farm industry into growth vehicle through ‘aggressive’ stance

Exports of Japan’s agricultural, forestry and fishery products and food are growing. It is vital to take advantage of the overseas boom in washoku Japanese cuisine to revitalize the nation’s agriculture, forestry and fisheries industries through an aggressive stance and strategy.   The revised law on facilitating the export of agricultural, forestry, and fishery products and food, which aims to….Read more

  • July 14, 2022
  • , The Japan News , 12:18 p.m.
  • English Press

INTERNATIONAL > U.S.

U.S. weighs fate of China tariffs as trade war hits 4-year mark

TAISEI HOYAMA and IORI KAWATE, Nikkei staff writers   NEW YORK/BEIJING — Four years after the start of the trade war between the U.S. and China, Washington is weighing whether to lower its China tariffs to rein in inflation, a development that Beijing would welcome as it seeks to recover from a lockdown-induced economic slump.   The tit-for-tat tariffs began….Read more

  • July 7, 2022
  • , Nikkei Asia , 1:26 a.m.
  • English Press

ECONOMY > Trade

Shine Muscat grape smuggling to China costs Japan $70m a year

SATSUKI KANEKO, Nikkei staff writer   TOKYO — Japan suffers more than 10 billion yen ($73.8 million) in lost earnings yearly from premium Shine Muscat grapes improperly brought to China, the Japanese farm ministry estimates in a new report.   Smuggling of the government-registered variety appears to have begun in 2016, according to the Ministry of Agriculture, Forestry and Fisheries,….Read more

  • July 6, 2022
  • , Nikkei Asia , 2:00 a.m.
  • English Press

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
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