Tag - trade

 
 

TRADE

Prime Minister Fumio Kishida, who is also LDP president, told an Upper House budget committee meeting that the government would put in place rigorous hurdles that must be cleared before the fighter jet’s export is approved.
JAPAN / Politics
Mar 13, 2024
Kishida agrees on need for strict rules to export of fighter jet
Concessions by the LDP president could pave the way for a deal with junior coalition partner Komeito on a revision to Japan's defense export guidelines.
Paraguay Foreign Minister Rubén Ramírez Lezcano says that the free trade agreement to be negotiated between Tokyo and Mercosur would include goods and services, including agricultural products, which is very important for Japan.
BUSINESS / Economy
Mar 13, 2024
Mercosur ‘ready’ to resume FTA talks with Japan, Paraguay foreign minister says
The bloc is keen to expand ties with Asia as it seeks to boost trade and deepen economic integration with partners beyond the U.S., Europe and China.
German Chancellor Olaf Scholz and Malaysian Prime Minister Anwar Ibrahim hold a joint press conference at the Chancellery in Berlin on Monday.
WORLD / Politics
Mar 12, 2024
Scholz meets with ASEAN leaders, looking to reduce China dependency
China still dominates the supply of raw materials needed to make electric-vehicle batteries, solar panels and other high-tech products.
Air Self-Defense Force F-35 stealth fighters are displayed at the U.S. military's Yokota Air Base in Tokyo.
JAPAN / Politics
Mar 11, 2024
Japan's arms imports up 155% over last five years, report finds
The Asian nation was the sixth-largest weapons importer in the world, according to a report by the Stockholm International Peace Research Institute.
Unpicked grapes wither on the vine near the town of Griffith in southeast Australia in February.
BUSINESS / Companies
Mar 11, 2024
Australian farmers rip out millions of vines amid wine glut
Falling consumption of wine worldwide has hit Australia particularly hard as demand shrinks fastest for the cheaper reds that are its biggest product.
Shanghai Zhenhua Heavy Industries is one of the largest port machinery manufacturers in the world, owning a fleet of more than 20 transportation vessels, according to its website.
WORLD
Mar 10, 2024
Shanghai Zhenhua denies posing cybersecurity risk to US ports
ABB has said it sold its control and electrification equipment to many crane manufacturers, including Chinese companies.
The U.S. Commerce Department’s Bureau of Industry and Security is considering adding Chinese chipmaker ChangXin to its so-called Entity List, which restricts companies’ access to U.S. technology.
BUSINESS / Tech
Mar 9, 2024
U.S. mulls blacklisting CXMT to further curb China’s chip advance
The U.S. Commerce Department’s Bureau of Industry and Security is considering adding the chipmaker to its so-called Entity List.
The Nanko International Container Terminal in Osaka in February
BUSINESS / Economy
Mar 8, 2024
Japan current account balance swings to ¥438 billion surplus in January
The turnaround from a whopping ¥2.01 trillion deficit in January 2023 came as Japan's trade deficit was roughly halved to ¥1.44 trillion.
Republican presidential candidate and former U.S. President Donald Trump at his Mar-a-Lago property in Palm Beach, Florida, on Tuesday
BUSINESS / Companies
Mar 7, 2024
Possible Trump return causing concern for Japanese firms
Trump has already said that he would impose a 10% tariff on all imported products.
A chip taken from a smartphone. The U.S. is urging the Netherlands to stop ASML from servicing and repairing sensitive chipmaking equipment that Chinese clients purchased before limits on sales of those devices were put into place this year.
WORLD / Politics
Mar 7, 2024
U.S. urges allies to squeeze China further on chip technology
Washington's latest push is partly aimed at plugging holes in export controls it has levied over the past two years.
Prime Minister Fumio Kishida, speaking at an Upper House budget committee session on Tuesday, said that if Japan is unable to sell the new fighter to other countries, the joint project’s success could be undermined.
JAPAN / Politics
Mar 6, 2024
Fighter exports crucial for ‘favorable security environment’: Kishida
The prime minister is seeking the backing of Komeito to revise export rules for fighter jets that Tokyo is seeking to build with Britain and Italy.
The logo of semiconductor company Advanced Micro Devices is seen on a graphics processing unit chip in this illustration
BUSINESS / Tech
Mar 5, 2024
AMD hits U.S. roadblock in selling AI chip tailored for China
AMD had hoped to gain a green light from the Commerce Department to sell the AI processor to Chinese customers.
Six months have passed since Japan started releasing treated water from the Fukushima No. 1 nuclear power plant into the Pacific Ocean.
JAPAN / Politics / FOCUS
Mar 4, 2024
Fukushima water release still vexing China-Japan ties
China-bound exports of Japanese fishery products in 2023 plunged by some 30% from the previous year in value terms.
The assembly line at a production facility for Nio, a maker of electric cars, in Hefei, China, on Dec. 4. U.S. President Joe Biden has ordered an investigation into auto software that could track U.S. drivers, part of a broader effort to stop electric vehicle imports from China.
BUSINESS / Tech / ANALYSIS
Mar 2, 2024
The politics and economics behind Biden's China car espionage probe
The U.S. leader's saber-rattling as another opportunity to demonstrate he is tough on China, experts say.
There is a global trend toward economic bifurcation with the U.S. and China leading the charge — and multinational solutions are needed to address the new challenges.
COMMENTARY
Feb 28, 2024
The inexorable movement toward a divided global economy
Efforts to protect national economies from threats require multinational solutions. Chains are only as strong as their weakest link.
Stacked containers at an industrial port in Tokyo on Feb. 15. The weakness of the yen against the U.S. dollar boosts exporters' profits when repatriated.
BUSINESS / Companies
Feb 26, 2024
Combined profits at major Japan firms expected to hit record
The net profits of 1,430 companies listed on the Tokyo Stock Exchange are estimated to total ¥47.06 trillion in the current fiscal year, up 12.9%.
U.S. President Joe Biden announces new provisions in March 2022 requiring the government to buy more made-in-America goods.
COMMENTARY / World
Feb 26, 2024
Biden doesn’t get why we need the WTO
What do Biden and Trump have in common? Protectionism. As a result, the 13th WTO ministerial conference underway in Abu Dhabi is doomed to fail.
Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala addresses the 13th WTO Ministerial Conference in Abu Dhabi on Monday.
BUSINESS / Markets
Feb 26, 2024
WTO seeks modest outcome in UAE at 'critical juncture' for global trade
The stated goals is to set new global commerce rules, but even its ambitious chief Ngozi Okonjo-Iweala sought to curb expectations.
A chef explains Japanese seafood dishes at a promotional event in Sao Paulo in January.
BUSINESS
Feb 25, 2024
Japan diversifying seafood export destinations after China ban
Japan's fisheries industry is finding new buyers in Brazil, Singapore and the U.S. amid China's ban.
The Nautica, a replacement oil tanker for the decaying FSO Safer, arrives in the Red Sea port of Hodeidah, Yemen, in July last year.
BUSINESS
Feb 25, 2024
Shortage of oil tankers at hand as Red Sea attacks divert trade
Only two new supertankers join the fleet in 2024 — the fewest additions in almost four decades.

Longform

A statue of "Dragon Ball" character Goku stands outside the offices of Bandai Namco in Tokyo. The figure is now as recognizable as such characters as Mickey Mouse and Spider-Man.
Akira Toriyama's gift to the world