Current account surplus doubled last year on cheap oil

May 12, 2016

Current account surplus doubled last year on cheap oil

The nation’s current account surplus doubled in fiscal 2015 from the previous year to ¥17.98 trillion, buoyed by lower crude oil prices and a surge in travel surplus on the back of a growing number of foreign tourists, the government said Thursday. Cheap crude ...

How France sank Japan's $40 billion Australian submarine dream

Apr 30, 2016

How France sank Japan's $40 billion Australian submarine dream

In 2014, a blossoming friendship between Australian Prime Minister Tony Abbott and Japanese counterpart Shinzo Abe looked to have all but sewn up a $40 billion submarine deal. Then French naval contractor DCNS hatched a bold and seemingly hopeless plan to crash the party. ...

Japan's industrial output falls as weak exports sap demand

Mar 30, 2016

Japan's industrial output falls as weak exports sap demand

Japan’s industrial production dropped the most since the March 2011 earthquake as falling exports sapped demand and a steel-mill explosion halted domestic car production at Toyota Motor Corp. Output slumped 6.2 percent in February after rising in January, the trade ministry said on Wednesday. ...

Mar 27, 2016

Japan plans to give small exporters helping hand ahead of TPP

The government is preparing to strengthen efforts to help small exporters before the giant Trans-Pacific Partnership free trade pact takes effect. Specifically, it is understood that it plans to sell regional products at Japanese convenience stores based in Southeast Asia on a trial basis. ...

EU refusing Japan's request for use of smaller wine bottles

Mar 5, 2016

EU refusing Japan's request for use of smaller wine bottles

The European Union is refusing Japan’s request in free-trade talks to allow the import of Japanese wine in bottles smaller than those commonly used in Europe, sources close to the matter said Friday. Japan is asking the European Union to accept 720 ml bottles, ...