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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

ECONOMY > Agriculture

China’s ongoing restriction of Japanese food imports may influence TPP negotiations

By Oki Seima (China Bureau) and Terashima Mayumi (economics section)   The Chinese government’s import restrictions on Japanese food products, started in response to the 2011 TEPCO Fukushima Daiichi nuclear power plant accident, are still ongoing. There is a complete ban on imports of Japanese fruits and vegetables. It has been pointed out that the China’s claims lack scientific evidence,….Read more

  • May 30, 2022
  • , Yomiuri , p. 3
  • JMH Translation
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ECONOMY

Cartoon: There’s a Putin in my ramen

  • June 1, 2022
  • , Asahi , p. 12
  • JMH Translation

ECONOMY > Trade

From steel to Gundam: Japan’s changing exports

YUJI NITTA and JYO CHOU, Nikkei staff writers TOKYO — While televisions and other electronics dominated Japanese exports when the yen last depreciated to current levels 20 years ago, cosmetics and figurines have now taken over to become the poster children of the country’s manufacturing. “There was a time when Japanese corporations responded to changes in currency levels by shifting factories overseas,”….Read more

  • May 27, 2022
  • , Nikkei Asia , 04:30 a.m.
  • English Press

INTERNATIONAL > East Asia & Pacific

S. Korea to keep import ban on Japan seafood due to Fukushima concern

SEOUL – South Korea will maintain an import ban on Japanese seafood from areas affected by the 2011 Fukushima nuclear crisis, a minister said Wednesday, denying any plan to lift it in a bid to secure Tokyo’s support to join a regional free trade accord.   “We’ve taken a resolute stance on the issue. We aren’t considering allowing imports of….Read more

INTERNATIONAL > U.S.

Japanese formula-makers consider exporting product to the U.S. amid shortage

By Takahara Kanako, staff writer   Japanese makers of baby formula are considering exporting their products to the United States, where a shortage has caused U.S. President Joe Biden to invoke the Defense Production Act to help increase supplies.   Japan’s agriculture ministry has contacted five baby formula manufacturers to see if it’s possible to export their products to the….Read more

  • May 24, 2022
  • , The Japan Times
  • English Press

INTERNATIONAL > Ukraine Crisis

Ukraine crisis exacerbates fertilizer woes for Japan farms

By SHO HATSUMI/ Staff Writer   Japan’s agriculture industry has found itself pretty much powerless to do anything except wait for the worst as Russia’s invasion of Ukraine is sending already-rising fertilizer prices through the roof.   Japan imports most of the materials for chemical fertilizers. Twenty to 30 percent of Japan’s imports of potassium chloride, a key ingredient in….Read more

  • May 25, 2022
  • , The Asahi Shimbun , 7:10 a.m.
  • English Press

INTERNATIONAL > U.S.

Japan should make use of IPEF: former chief TPP negotiator

By Tsuruoka Koji, former chief negotiator for the government’s task force for the Trans-Pacific Partnership (TPP) agreement (Interviewed by Hiratsuka Yusuke)   U.S. President Biden is expected to announce the launch of the Indo-Pacific Economic Framework (IPEF), a new U.S.-led economic vision, during his visit to Japan. While the details have not yet been confirmed, it is clear that IPEF….Read more

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