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INTERNATIONAL > U.S.

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

The U.S. government is aiming to launch its Indo-Pacific economic engagement initiative around the time of President Joe Biden’s visit to Japan later in May, Japanese envoy to the United States Koji Tomita said Monday.   “I’m expecting the visit will also coincide with the formal launch of the Indo-Pacific Economic Framework initiative,” Tomita said during an online think-tank event,….Read more

  • May 10, 2022
  • , Kyodo News
  • English Press

ECONOMY > Trade

U.S., Japanese economic vice ministers hold consultations 

Sunday’s Sankei and Nikkei reported that the governments of Japan and the United States held an economic vice ministerial meeting in Washington on Friday at which Under Secretary of State Fernandez and Under Secretary of Commerce Lago exchanged views with their Japanese counterparts on such issues as the launch of resilient supply chains and China’s economic coercion and unfair trade….Read more

  • May 8, 2022
  • , Nikkei, Sankei
  • JMH Summary

INTERNATIONAL > U.S.

Trade Minister Hagiuda meets with U.S. economic cabinet members

All national papers reported from Washington today on visiting Trade and Industry Minister Hagiuda’s meetings with Commerce Secretary Raimondo and USTR Tai on Wednesday. The two sides confirmed the importance of the early implementation of the Biden administration’s Indo-Pacific Economic Framework (IPEF) initiative to counter China’s Belt and Road initiative. “We welcome U.S. moves to increase economic engagement with the….Read more

  • May 6, 2022
  • , All national papers
  • JMH Summary

INTERNATIONAL > U.S.

Japan requests U.S. to clarify operational guidelines for Uyghur Forced Labor Prevention Act

The Japanese government has submitted to U.S. authorities an opinion statement requesting the U.S. government to clarify the operational guidelines for the Uyghur Forced Labor Prevention Act, sources informed Kanagawa Shimbun on April 30. The law will come into force in the U.S. in June. The law is aimed at banning in principle the import of goods from China’s Xinjiang….Read more

  • May 1, 2022
  • , Kanagawa Shimbun , p. 2
  • JMH Translation

INTERNATIONAL > East Asia & Pacific

N.Z. calls for potential CPTPP members to meet ‘high standards’

Membership negotiations with U.K. will be held cautiously, says Minister O’Connor   YASU OTA, Nikkei columnist   TOKYO — Asked about potential new members joining the 11-nation CPTPP trade bloc, New Zealand’s Minister for Trade and Export Growth Damien O’Connor said in an exclusive interview in Tokyo with Nikkei Asia that “we’re all keen for that process to conclude …….Read more

  • April 22, 2022
  • , Nikkei Asia , 6:25 p.m.
  • English Press

INTERNATIONAL > Ukraine Crisis

Japanese farmers hit by higher grain, fertilizer prices

Tokyo, April 18 (Jiji Press)–Japanese farmers are being hit by higher prices of grain, fertilizers and other supplies necessary for agriculture and livestock farming, as Russia’s aggression against Ukraine continues.     In particular, grain prices are soaring due to a decline in exports from both Russia and Ukraine, boosting the prices of compound feed.     But many producers are finding it difficult….Read more

  • April 18, 2022
  • , Jiji Press , 1:24 p.m.
  • English Press

INTERNATIONAL > Ukraine Crisis

Japan’s imports of energy resources from Russia jump in March

A provisional trade statistic for March released by the Ministry of Finance on April 20 shows that Japan’s trade deficit with Russia in the month jumped 3.5-fold to 136.6 billion yen from a year earlier. While exports to Russia, mainly automobiles, fell 31.5%, imports of liquified natural gas (LNG) and other goods jumped 89.6%. As several laws to impose tougher….Read more

  • April 21, 2022
  • , Nikkei , p. 5
  • JMH Translation

INTERNATIONAL > East Asia & Pacific

Singapore, NZ leaders call U.S. return to TPP “impossible,” “unrealistic”

Kyodo reported that during a joint press conference in Singapore on Tuesday, the prime ministers of Singapore and New Zealand expressed pessimism about the possibility of the United States returning to the TPP. “Given the domestic political situation [in the United States], it’s impossible,” said Singaporean Prime Minister Lee. “We are not negotiating for it.” His New Zealand counterpart Ardern….Read more

  • April 20, 2022
  • , Kyodo
  • JMH Summary

ECONOMY > Trade

Editorial: Japan-U.S. trade deal has far less meat on the bone than touted

Signs are growing that the Japan-U.S. trade agreement that took effect two years ago is failing to live up to the huge economic benefits for Japan promised by the administration of then Prime Minister Shinzo Abe.   The Abe administration claimed that the trade deal had effectively accomplished a 300-fold increase in the low-tariff quota for Japanese beef exports to….Read more

ECONOMY > Trade

Japan’s trade shifts mean a weak yen is likely here to stay

With the yen’s value hitting its lowest level in 20 years against the U.S. dollar, market participants, observers and policymakers are keenly watching for hints as to whether the yen’s weakness will be short-lived or a prolonged trend.   Some economists say that this weakness is likely here to stay, as Japan is expected to face a chronic trade deficit,….Read more

  • April 19, 2022
  • , The Japan Times
  • English Press
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