Business Topics

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 ...