Business Topics

Jul 27, 2015

Japan's economy shrank last quarter, top forecaster says


The Japanese economy likely contracted last quarter, dragged down by weak consumer spending and a slump in exports, according to a top forecaster. The world’s third-biggest economy may have shrank as much as an annualized 2.5 percent, said Yoshiki Shinke of Dai-ichi Life Research ...

TPP talks to resume Tuesday, perhaps for final time

Jul 26, 2015

TPP talks to resume Tuesday, perhaps for final time

Negotiators from the U.S., Japan and 10 other Pacific Rim countries could put the finishing touches on the most ambitious trade and investment deal in decades when they meet this week in Hawaii. By most accounts, TPP negotiators have narrowed their focus to a ...

Jul 25, 2015

WTO agrees to cut some tariffs on IT products

Major economies including Japan, the United States and China have agreed to eliminate their tariffs on 201 information technology products. The deal, reached at a meeting in Geneva on Friday of World Trade Organization members participating in the Information Technology Agreement, is expected to ...

TPP would raise growth, incomes in Japan,  IMF economist forecasts

Jul 24, 2015

TPP would raise growth, incomes in Japan, IMF economist forecasts

A Pacific free trade pact would give a big boost to Japan’s economic growth and individual incomes, according to an International Monetary Fund economist. “It could be annually between 0.2 to 0.3 percent (percentage point) per year as an additional impact on growth,” Luc ...

Jul 23, 2015

Japan, U.S. eye tariff 'snapbacks' in TPP auto talks

Japan and the United States are negotiating a bilateral scheme to counter vehicle trade pact violations with tariff hikes under the planned Trans-Pacific Partnership free trade agreement, according to sources. Under the “snapback” scheme, the United States would restore tariffs on vehicle imports from ...

Japan trade deficit shrinks 77% to ¥1.73 trillion

Jul 23, 2015

Japan trade deficit shrinks 77% to ¥1.73 trillion

Japan’s goods trade deficit in the January to June period shrank 77.4 percent from a year earlier to ¥1.73 trillion ($13.9 billion), due partly to smaller imports on the back of declining crude oil prices, the government said Thursday. The smaller deficit, which followed ...

Jul 21, 2015

Japan may request WTO panel in August over Seoul's fishery import ban

Japanese agriculture minister Yoshimasa Hayashi suggested Tuesday the government may request the World Trade Organization set up a dispute settlement panel as early as next month over South Korea’s import restrictions on Japanese fishery products. South Korea issued the ban following the 2011 Fukushima ...