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ECONOMY > Trade

Japan’s imports hit another record high in April

Tokyo, May 19 (Jiji Press)–Japan’s imports hit a record high for the second consecutive month in April due to soaring prices for crude oil and other commodities and the yen’s depreciation, government data showed Thursday.   The country’s imports jumped 28.2 pct from a year before to 8,915.4 billion yen, the highest level since comparable data became available in 1979,….Read more

  • May 19, 2022
  • , Jiji Press , 1:54 p.m.
  • English Press

ECONOMY > Trade

Japan parliament OKs revised law to boost food exports

Tokyo, May 19 (Jiji Press)–The Diet, Japan’s parliament, enacted a revised export promotion law on Thursday, in a bid to help achieve the government’s goal of boosting exports of agricultural, forestry, fishery and food products to 5 trillion yen in 2030.     At a plenary meeting on the day, the House of Representatives, the lower chamber of the Diet, approved the revised law, which is….Read more

  • May 19, 2022
  • , Jiji Press , 10:41 p.m.
  • English Press

INTERNATIONAL > U.S.

Japan to participate in IPEF 

Yomiuri led with a report saying the GOJ has decided that Japan will participate in the Indo-Pacific Economic Framework (IPEF), speculating that Prime Minister Kishida will convey the decision to President Biden at their summit meeting on May 23 in Tokyo. The paper conjectured that Japan will seek to establish a new economic order in the region with the United States….Read more

INTERNATIONAL

Aversion to food from Fukushima remains high in South Korea

By SUSUMU IMAIZUMI/ Staff Writer   Nearly 80 percent of South Koreans want to avoid food products from Fukushima Prefecture regardless of the water-release plan at the crippled Fukushima No. 1 nuclear power plant, a survey showed.   The Reconstruction Agency conducted the online survey in January and February in 10 countries and regions to gauge international feelings toward Tokyo….Read more

INTERNATIONAL > East Asia & Pacific

Japan, China talks over food import ban not held for over 1 year

TOKYO – Talks between Japan and China over Beijing’s import ban on Japanese food products have not been held for over a year, sources familiar with bilateral relations told Kyodo News recently.   As China has not responded to Japan’s request for resuming the talks amid soured bilateral ties, it is uncertain when the ban will be lifted, with the….Read more

  • May 14, 2022
  • , Kyodo News , 9:25 p.m.
  • English Press
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ECONOMY > Trade

Many Japan automakers benefit from weak yen in FY 2021

Tokyo, May 14 (Jiji Press)–Six of Japan’s seven major automakers fared well on their consolidated bottom lines in fiscal 2021, benefiting from the yen’s weakening, according to their earnings reports released by Friday.   Industry leader Toyota Motor Corp. <7203> reported a record net profit of 2,850.1 billion yen in the year to March, up 26.9 pct from the preceding year.  ….Read more

  • May 14, 2022
  • , Jiji Press , 11:20 a.m.
  • English Press

INTERNATIONAL > U.S.

New U.S. economic framework initiative seen as “all stick and no carrot”

Mainichi reported on simmering skepticism in Japan and elsewhere about the prospects for the Indo-Pacific Economic Framework (IPEF) initiative that the Biden administration plans to launch in late May, saying that some Asian nations may not be inclined to participate because the framework lacks “carrots,” such as tariff reductions to facilitate growing market access to the United States, and instead….Read more

  • May 12, 2022
  • , Mainichi
  • JMH Summary

ECONOMY > Trade

Japan, Australia, New Zealand, South Korea likely to join IPEF  

Sankei front-paged a report claiming that it learned from an informed source on Wednesday that Japan, Australia, New Zealand, and South Korea will likely participate in President Biden’s Indo-Pacific Economic Framework (IPEF) initiative. The paper added that Singapore and other ASEAN countries may join the framework as well.       In a related story, Mainichi wrote that although the United….Read more

  • May 12, 2022
  • , Mainichi, Sankei
  • JMH Summary

ECONOMY > Trade

U.S. to announce launch of Indo-Pacific Economic Framework

Yomiuri and Asahi front-paged reports on a plan by the Biden administration to launch the Indo-Pacific Economic Framework (IPEF) later this month. Yomiuri projected that the United States will announce the launch when President Biden and Prime Minister Kishida meet in Tokyo on May 23. The paper speculated that the U.S.-led framework will include Japan, Australia, India, South Korea, and….Read more

  • May 11, 2022
  • , Asahi, Yomiuri
  • JMH Summary

INTERNATIONAL > U.S.

U.S. Indo-Pacific economic initiative launch eyed in May: Japan envoy 

Kyodo News reported that Japanese Ambassador to the U.S. Tomita said on Monday that the U.S. government is aiming to launch its Indo-Pacific economic engagement initiative around the time of President Biden’s visit to Japan later in May. “I’m expecting the visit will also coincide with the formal launch of the Indo-Pacific Economic Framework (IPEF) initiative,” Tomita said during an….Read more

  • May 10, 2022
  • , Nikkei , NHK , Jiji Press, Kyodo News
  • JMH Summary
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