Japan logs first trade deficit in four months in May

Jun 20, 2016

Japan logs first trade deficit in four months in May

Japan posted a goods trade deficit of ¥40.7 billion in May for the first red ink in four months, the government said Monday, with the balance weighed down by sluggish exports amid a slowdown in overseas economies. The value of exports dropped 11.3 percent ...

Yamanashi, Shizuoka look to partnership in Southeast Asia push

Jun 8, 2016

Yamanashi, Shizuoka look to partnership in Southeast Asia push

Two of Japan’s major fruit producing prefectures are considering joining forces to sell their fare in Southeast Asia. In a bid to take advantage of the popularity of Mount Fuji, Japan’s highest mountain, Yamanashi and Shizuoka have set about exploring a partnership to sell ...

Japan's exports post seventh monthly decline on stronger yen

May 23, 2016

Japan's exports post seventh monthly decline on stronger yen

Exports fell for the seventh consecutive month in April as the yen strengthened, underscoring the growing challenges to Prime Minister Shinzo Abe’s efforts to revive economic growth. Overseas shipments declined 10.1 percent in April from a year earlier, the Finance Ministry said Monday. The ...

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. ...