Business Topics

May 28, 2014

Japan ready to lower pork tariffs for TPP

Japan will review the tariffs it imposes on pork imported from the United States, agreeing to the potentially greater imports Washington has been calling for in bilateral talks on the Trans-Pacific Partnership, according to sources close to the matter. Japan will likely reduce tariffs ...

May 25, 2014

BOJ chief prods Abe to get moving on reforms

Bank of Japan Gov. Haruhiko Kuroda has forecast victory in his battle against stubborn deflation that has sapped growth for years, but expressed impatience with the pace of Prime Minister Shinzo Abe’s much touted economic plan to jump-start the feeble economy. The central bank ...

WTO rules in favor of Washington over auto dispute with China

May 24, 2014

WTO rules in favor of Washington over auto dispute with China

The United States has scored a victory before the World Trade Organization in a case that challenged China’s imposition of penalty tariffs on the sale of $5 billion in U.S.-made vehicles in China. A WTO panel ruled Friday that China’s tariffs violated international trade ...

May 23, 2014

Government stays bullish on economy

The government on Friday remained relatively upbeat about the economy in its May report but downgraded its views on output and imports following the first consumption tax hike in 17 years. Emphasizing that the negative impact of the April 1 tax hike is expected ...

LDP touts moves to bolster 'Abenomics'

May 21, 2014

LDP touts moves to bolster 'Abenomics'

by Ayako Mie

Corporate tax cuts, stronger corporate governance and closing the tax gap between one- and two-income households are among the Liberal Democratic Party’s recommendations for inclusion in Prime Minister Shinzo Abe’s economic growth strategy, due by the end of next month. The LDP, which met ...

May 21, 2014

Import slowdown narrows trade gap

The trade deficit shrank in April as imports rose the least in 16 months, after the consumption tax hike crimped consumer spending, Finance Ministry data showed on Wednesday. Inbound shipments rose 3.4 percent from a year earlier, the ministry said. Exports increased 5.1 percent, ...

| May 21, 2014

TPP talks progress, no completion

by Kayo Mimizuka

A broad Pacific trade accord appears nowhere in sight after ministers from 12 countries failed to specify a timeline for striking a deal, despite the efforts of Japan and the United States to inject impetus by highlighting the progress they made on tariffs in ...

May 21, 2014

LDP's new plan to beat deflation: more baseball

Can more baseball save Japan — or at least “Abenomics”? A set of recommendations to lift economic growth being studied by the ruling Liberal Democratic Party calls for increasing the number of pro baseball teams to 16 from 12. “Prosperous baseball teams could strengthen ...

May 21, 2014

Trade deficit narrows on slower imports

The trade deficit narrowed in April as exports grew faster than imports following an increase in the sales tax that is expected to dampen demand for some time. The ¥808.9 billion deficit in April, according to preliminary figures released Wednesday by the Ministry of ...

TPP ministers fail to set timeline for striking deal

May 20, 2014

TPP ministers fail to set timeline for striking deal

Ministers from the 12 countries trying to hammer out the Trans-Pacific Partnership fell short of setting a clear timeline for ending the negotiations as they wrapped up a two-day meeting Tuesday in Singapore, although they stressed that progress was made on tariff issues. “We ...