Canada's largest railroad hit by strike, putting Trudeau in hot seat
Thousands of workers at Canada's largest railway went on strike for the first time in a decade on Tuesday, disrupting the shipping of commodities and sparking calls for Prime Minister Justin Trudeau's Liberal government to intervene. About 3,000 unionized workers, including conductors and yardmen from ...
Sake pours into China amid shrinking consumption in Japan
Japanese sake sellers are looking to tap into China's growing taste for traditional rice wine to counter its falling consumption back home. Fueled by an increasing number of Japanese restaurants and rising Chinese household incomes, sake, while still considered a treat, can now be found ...
Japan beer shipments to South Korea plummet 99.9% in September from year earlier
Japan's beer shipments to South Korea plummeted 99.9 percent in September from a year earlier to ¥588,000, as consumers in the neighboring country boycott Japanese products amid deteriorating bilateral ties, government data showed Wednesday. The campaign to boycott Japanese goods, including vehicles, has spread widely ...
China's slowdown rolls on into October, early indicators show
China's third-quarter slowdown continued into October, with only a few signs of stabilization evident amid the weakest pace of expansion in almost thirty years. Bloomberg Economics' gauge aggregating the earliest available indicators from financial markets and businesses showed the economy cooling for a sixth month, ...
Uniqlo ad sparks protest and parody as South Korea-Japan dispute flares
A commercial by clothing brand Uniqlo has stirred a consumer backlash in South Korea amid accusations that it mocks victims of wartime labor and "comfort women," reopening deep wounds from Japan's colonial past. A YouTube video created by a South Korean student parodying the ad ...
Japan logs trade deficit for third straight month on weak exports to Asia
The trade deficit came to ¥122.98 billion, following a revised ¥143.53 billion deficit in August, according to a preliminary report by the Finance Ministry.
As number of growers declines, Ehime company promotes 'queen of bonsai' exports to Europe
Bonsai growers in western Japan are trying to boost exports of a tree known as the "queen of bonsai" for the elegance of its leaves and trunk, mainly to Europe, to establish a global brand and revitalize the regional economy. In August, 12 suppliers in ...
Japan's factory output slipped twice as much as expected in August on slowing overseas demand
Industrial output shrank more than expected in August, the latest warning that the economy and its manufacturers are facing intensifying pressure amid the bitter U.S.-China trade war. Retail sales, however, expanded at a faster than expected pace, signaling strength in private spending ahead of the ...
Japan ready to back its farmers and small firms after trade deal with U.S., new minister says
The government will provide additional support to farmers and small businesses as needed to quell concerns stemming from an expected Japan-U.S. trade deal, Japan's recently appointed economic revitalization minister said Thursday. "As far as I understand, the negotiation (between Japan and the U.S.) is in ...
Exports dropped for a ninth straight month in August as trade conflicts compound a global economic slowdown. The value of shipments abroad fell 8.2 percent in August from a year earlier, according to the Finance Ministry. Economists surveyed by Bloomberg had estimated a 10 percent ...
U.S. will promise not to hike tariffs on Japanese autos, report says
Japan and the United States are reportedly working toward a joint leaders’ statement that would include a U.S. promise not to hike tariffs or introduce quotas on Japanese cars.
U.S. agrees to expand low-tariff quota for Japanese beef imports: sources
The United States has agreed to increase its low-tariff quota for Japanese beef in bilateral trade negotiations, sources close to the matter have said. While it is not known by how much the quota will be expanded from the current 200 tons per year, Japan ...
