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 ...

Mar 31, 2015

U.S., Japan have 'significant gap' on auto market access

Acting Deputy U.S. Trade Representative Wendy Cutler said on Monday that “significant gaps” in the trade negotiations remain between the United States and Japan regarding access for U.S. automobiles in the Japanese market. “Japan has zero tariffs on autos and trucks, and yet access ...

Lack of charging stations hurting EV growth

Sep 20, 2014

Lack of charging stations hurting EV growth


The growth potential of electric vehicles is being hampered by a lack of charging stations nationwide, industry experts say. Some analysts in the industry have noted that electric vehicle (EV) sales have been slower than anticipated since mass-produced electric vehicles debuted in Japan in ...

Apr 10, 2014

Mexico passes Japan to become No. 2 car exporter to the U.S.

Mexico’s booming auto industry has reached a major milestone, claiming to have overtaken Japan as the second-biggest car exporter to the United States in the past three months. The Latin American nation now only trails Canada, but experts say Mexico could become the top ...

Sep 26, 2013

Nidec to buy out Mitsubishi Material's motor-making unit

Precision motor manufacturer Nidec Corp. said Thursday it will buy out a Mitsubishi Materials Corp. subsidiary that makes motors for automobiles as it prepares to jump into the growing market for such products. The acquisition of Mitsubishi Materials C.M.I. Corp. will enhance Nidec’s product ...

U.K. car industry pulling away from European rivals

Sep 16, 2013

U.K. car industry pulling away from European rivals

Britain is accelerating away from its European competitors in the car-making sector, with investment flowing into the factories of Nissan and Jaguar Land Rover as Chinese and American demand drives sales. Jaguar Land Rover said last week it will pump £1.5 billion ($2.4 billion) ...

Aug 1, 2013

Japan, U.S. to hold TPP-related talks

Japan and the United States will hold trade negotiations next week in Tokyo in parallel with the Trans-Pacific Partnership free-trade talks, the government said Thursday. During the three-day meeting from Wednesday, Japan, which joined the TPP talks last week, will discuss safety standards and ...