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 ...

Trade deficit grows to record ¥13.7 trillion

Apr 21, 2014

Trade deficit grows to record ¥13.7 trillion

The trade deficit surged nearly 70 percent to a record ¥13.75 trillion ($134 billion) last fiscal year as exports failed to keep pace with rising energy costs. The Finance Ministry reported Monday that Japan’s exports in the year ended March 31 rose 10.8 percent ...

Farmers bet on steaks twice the price of silver

Apr 3, 2014

Farmers bet on steaks twice the price of silver

by Aya Takada

Hirotaka Sekiguchi dresses his “wagyu” calves in T-shirts and jackets to protect them against the spring chill and an expected avalanche of cheap foreign beef. The 59-year-old Sekiguchi pampers the 320 cattle on his feedlot in the town of Kamisato, Saitama Prefecture, with customized ...

Dec 27, 2013

Oil imports rise 13.3% in month

Crude oil imports in November grew 13.3 percent from a year earlier to 111.65 million barrels, the Agency for Natural Resources and Energy said Friday. Oil from the Middle East accounted for 85.9 percent of the total, up 4.4 percentage points, the agency under ...