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 ...

May 23, 2016

Japan pays least since 2005 for LNG amid price slump

Japan, the world’s biggest buyer of LNG, paid the lowest price in about 11 years for the fuel last month amid a global oversupply. The average price of LNG shipments into the country was about $6.32 per million British thermal units in April, 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 ...

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, ...

Feb 4, 2016

Sales of imported foreign vehicles fell 0.8% in January

Sales of imported foreign-brand vehicles in Japan in January fell 0.8 percent from a year before to 17,045 units, down for the fifth straight month, the Japan Automobile Importers Association said Thursday. The overall momentum created by launching new models of mass-market vehicles has ...

Chile overtook France as top wine exporter to Japan in 2015

Jan 28, 2016

Chile overtook France as top wine exporter to Japan in 2015

Chile has supplanted longtime No. 1 France as the top exporter of wine to Japan in 2015, Finance Ministry data shows. Imports of Chilean wine jumped 18.1 percent from the previous year to 51.59 million liters, while those of French wine fell 2.8 percent ...

Japan's 2015 trade deficit narrows as oil prices tumble

Jan 25, 2016

Japan's 2015 trade deficit narrows as oil prices tumble

Japan logged a trade deficit in 2015 for the fifth straight year, but its value shrank 77.9 percent from 2014 to ¥2.83 trillion ($23.9 billion), due mainly to a sharp drop in imports amid lower crude oil prices, the government said Monday. The value ...

Jan 19, 2016

Cosmo Energy to be first Japanese energy firm to import U.S. oil

Cosmo Energy Holdings Co. will begin importing crude oil from the United States in mid-February, becoming the first Japanese firm to do so after the U.S. government lifted a four-decade ban on oil exports in December, industry officials said Tuesday. Washington’s move increases Japan’s ...

Japan set to get more LNG than it needs

Dec 3, 2015

Japan set to get more LNG than it needs

The nation is probably set to receive more LNG than it needs, potentially forcing some purchasers in the world’s biggest user of the fuel to resell cargoes and add to a glut. Liquefied natural gas volumes contracted by Japanese buyers may exceed their combined ...