Jan 9, 2015

¥7 trillion boost for Japan expected from cheaper oil: Amari

The global plunge in oil prices could translate into annual economic gains of ¥7 trillion, Economic and Fiscal Policy Minister Akira Amari said Friday. “Oil prices are now less than half what they were at their peak. That stops money outflows and will likely ...

Imports declined in November on plunging crude oil prices

Dec 17, 2014

Imports declined in November on plunging crude oil prices

Imports dropped 1.7 percent in November from the year before to ¥7.08 trillion, declining for the first time in three months as crude oil prices plunged across the globe, government data showed Wednesday. The balance in goods trade remained in the red for the ...

Dec 5, 2014

Bankruptcies caused by weakening yen set new record in November

Corporate bankruptcies linked to the yen’s slide hit a new record in November, highlighting the strains on small and midsize companies as Prime Minister Shinzo Abe campaigns for re-election on his deflation-busting economic strategy. Forty-two of the companies that failed in November cited the ...

Exports rebound in boost for Abe's policies

Aug 20, 2014

Exports rebound in boost for Abe's policies

Japan’s exports rose more than forecast in July, bouncing back from two straight declines to support an economy that contracted last quarter by the most since the period immediately following the Great East Japan Earthquake in March 2011. Overseas shipments rose 3.9 percent from ...

Jul 25, 2014

Curbs on pork imports from Mexico to be eased

The government intends to loosen restrictions on pork imports from Mexico, officials said Thursday. Imports of Mexican pork are currently limited to meat from six states in the country, following an outbreak of hog cholera there in 2000. In response to a request from ...

Imports of Chilean wine surge in Japan

Jul 23, 2014

Imports of Chilean wine surge in Japan

Imports of bottled wine from Chile are surging, thanks in part to a bilateral economic partnership agreement that has lowered the import tariff. Chilean wine was second in annual imports in Japan in 2013 on a country-by-country basis, beating Italian wine. This year, Chilean ...

Current account surplus in the black for fourth straight month

Jul 8, 2014

Current account surplus in the black for fourth straight month

The nation’s current account balance was in the black for the fourth straight month in May, standing at ¥522.8 billion, as imports slid for the first time in 19 months after the April 1 consumption tax hike cooled domestic demand, the government said Tuesday. ...

Trade deficit shrinks as energy imports fall

Jun 18, 2014

Trade deficit shrinks as energy imports fall

The trade deficit narrowed in May as imports declined for the first time in a year and a half, data showed Wednesday, but weaker shipments abroad helped keep the trade balance in the red. The figures — which suggest the economy is slowing — ...

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

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 ...