Category Archives: Japan’s economie

Japan’s economy

2 OCTOBER 2019

Japan ups sales tax to 10% amid signs economy is weakening

Japan raised its national sales tax to 10% from 8% on Tuesday, risking short-term pain for the sake of the country’s future financial stability as it copes with a fast aging and shrinking population


In Counterweight to China, EU, Japan Sign Deal to Link Asia

The European Union and Japan signed an infrastructure deal on Sept. 27 to coordinate transport, energy and digital projects linking Europe and Asia, seeking an alternative to Chinese largesse that has raised suspicion in Brussels and Tokyo


US and Japan agree initial trade deal focusing on agriculture

President Donald Trump and Japanese Prime Minister Shinzo Abe on Sept. 25 signed an initial trade deal that opens up markets to $7 billion worth of U.S. agricultural goods

25 AUGUST 2019

Donald Trump and Shinzo Abe claim to have agreed trade deal worth ‘billions of dollars’

US President Donald Trump and Japan’s Prime Minister Shinzo Abe on Sunday announced a deal in principle on a major bilateral trade deal

26 APRIL 2019

Japan opposed to linking currency to trade despite American fears over US dollar devaluation

Japan has strongly opposed linking monetary policy to trade issues, countering a demand by the United States on its trading partners to include a provision to prevent devaluation of the US dollar

10 APRIL 2019

Japan’s new visa regulation opens door to foreign labor

Faced with a shrinking workforce, Japan has made it easier for migrant workers to get a visa. Conservative critics are concerned about the impact of mass immigration on Japanese society. Julian Ryall reports from Tokyo

13 FEBRUARY 2019

Don’t Expect a U.S.-Japan Trade Deal Anytime Soon

U.S.-Japan trade negotiations could start any day now. Signing a deal is a top priority for both nations, this year. However, a number of hurdles have arisen, leaving a slim chance for the deal getting done before 2020


Japan plans to strengthen cyber-attack defenses by certifying cloud storage services

Demanding that companies in charge of important infrastructure, such as electricity and railway networks, find secure cloud services, the government wants to strengthen defenses against cyber-attacks from China and other nations, the sources said


Merkel and Abe meet for talks on trade and nuclear arms control

German Chancellor Angela Merkel has met Japanese Prime Minister Shinzo Abe, to toast a new free trade deal between Japan and the EU. The pair were also expected to address nuclear arms control


Japan-EU free trade pact enters into force

Japan’s economic partnership agreement with the European Union entered into force on Friday, creating a free trade area covering about a third of the world’s economy

25 JANUARY 2019

Foreign workers in Japan double in 5 years, hitting record

The number of foreigners working in Japan reached a record high of 1.46 million, rising twofold over the past five years as the country grapples with a labor shortage, government data showed on Friday

9 OCTOBER 2018

Mekong-Japan partnership strategy agreed at Tokyo summit

The agreement, titled “Tokyo Strategy 2018,” was adopted by Cambodia, Laos, Myanmar, Thailand and Vietnam, as well as Japan, at the 10th Mekong-Japan Summit Meeting

5 AUGUST 2018

Japan moves to accept more foreign workers, but hurdles remain  

31 JULY 2018

US, Japan and Australia sign infrastructure agreement to counter China’s belt and road

Australia and Japan have joined with the United States to create a scheme for investing in countries across Asia and the Pacific in an apparent attempt to counter the growing influence of China,  whose massive Belt and Road Initiative could involve as much as £760 billion of spending over the next decade

17 JULY 2018

EU, Japan sign deal eliminating nearly all tariffs in one-thirds of world’s trade volume

Japan and the EU signed a sweeping free trade deal Tuesday saying they were sending a “clear message” against protectionism, as Washington puts up barriers and threatens a trade war

6 JULY 2018

Japan becomes second country after Mexico to ratify TPP-11 trade deal

Japan became the second country to ratify the revised Trans-Pacific Partnership (TPP) trade deal on Friday (July 6), the same day the United States imposed the first round of prohibitive tariffs on some Chinese goods in a move many fear will lead to a drawn-out trade war

30 JUNE 2018

Japanese rocket crashes soon after liftoff

A rocket developed by a Japanese startup company burst into flames seconds after liftoff in northern Japan. The MOMO-2 rocket, developed by Interstellar Technologies, was launched on Saturday in Taiki town on Hokkaido island. The company says it believes the rocket suffered a glitch in its main engine. The explosion caused no injuries

31 MAY 2018

Scaling back of French reactor a blow for nuke fuel reprocessing

Japan’s hopes of keeping its nuclear fuel recycling program alive faces another major obstacle with signs from France that a reactor project there will be scaled back because of swelling construction costs

22 MAY 2018

Russia, Japan threaten to levy sanctions on US exports

Russia and Japan have threatened to impose heavy bans worth almost $1 billion combined on US exports in retaliation for Washington’s hefty duties on its metal imports

16 MARCH 2018

Japan’s new aid strategy builds bridges with the BRI

On 23 February 2018, Japanese Prime Minister Shinzo Abe and his cabinet outlined Japan’s new aid strategy and approved Japan’s Official Development Assistance (ODA) 2017 White Paper. The Japanese government has pledged to employ Japan’s aid power for the realisation of the ‘Free and Open Indo-Pacific Strategy’ that was announced by Abe in August 2016

8 MARCH 2018

Nissan in talks to buy France’s Renault stake in merger prelude

Renault SA and alliance partner Nissan Motor Co. are discussing plans for a closer tie-up in which the Japanese carmaker would acquire the bulk of the French state’s 15 percent Renault stake, people close to the matter said

1 MARCH 2018

In America’s absence, Japan takes the lead on free trade

Japan’s leadership in obtaining signatures on the final agreement of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also known as TPP-11, will be a big step toward Asian regionalism without the United States


Japan and EU reach free trade deal

Tokyo and Brussels have agreed a free trade accord, opening up the EU to Japanese cars and Japan to European cheese. Japan’s economy meanwhile has recorderd its longest uninterrupted growth since 1994


In Contrast to the OBOR Fanfare, Japan Quietly Builds Friendships in Vietnam

The soft power cultivated by the Japanese, and shared dislike of China, may explain the business opportunities which have opened for Japanese companies in Vietnam


Abe, Modi launch India’s first bullet train project

India on Thursday inched closer to its dream of getting a bullet train when Japan’s Prime Minister Shinzo Abe and his Indian counterpart, Narendra Modi, laid the foundation stone for the country’s first high-speed rail link based on Japan’s famed shinkansen technologygy

14 AUGUST 2017

Japanese economy posts longest expansion in more than a decade

Japan’s economy expanded at the fastest pace for more than two years in the three months to June, with domestic spending accelerating as the country prepares for the 2020 Toyko Olympics and low levels of unemployment encouraged businesses to invest

6 JULY 2017

EU, Japan seal free trade in signal to Trump

Japan and the European Union agreed on Thursday to a free trade pact, creating the world’s biggest open economic area and signalling resistance to what they see as U.S. President Donald Trump’s protectionist turn