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 ...
South Korea to exclude Japan from trade whitelist this week, report says
South Korea will probably announce its decision to officially exclude Japan from its whitelist of trusted export destinations as early as this week, the Yonhap news agency reported Sunday. Should the measures be implemented, Japan will be removed from the group of 29 member states ...
As WTO dispute looms, new trade chief says Japan won't budge in export control row with Seoul
Isshu Sugawara stepped into a ministerial role for the first time amid Japan’s worsening relations with its neighbor.
Japan tax agency launches sake branding panel featuring former soccer pro Hidetoshi Nakata
The National Tax Agency has created an expert panel tasked with coming up with a branding strategy to boost exports of sake. Exports of the Japanese rice wine have hit a record high for nine straight years. Increasingly, attention is being paid not only to ingredients ...
South Korea calls for ban on Japan's Rising Sun flag at 2020 Tokyo Olympics
South Korean Olympic officials have called for Japan to ban its Rising Sun flag at the 2020 Tokyo Olympics, claiming it represents a "militaristic and imperial past." Kim Bo-young, an official from the Korean Sport and Olympic Committee, says the request was made to the ...
Fixing wartime labor issue is priority for Japan and South Korea, says Abe
Prime Minister Shinzo Abe said Tuesday that settling the issue of wartime labor is currently a top priority for Japan and South Korea. Abe made the remark at a meeting with former Chief Cabinet Secretary Takeo Kawamura, who just returned from visiting South Korea. Kawamura ...
South Korea's export slump extends to ninth month amid escalating feud with Japan
South Korea's exports extended their slump in August as an escalating feud with Japan adds to uncertainties for the economy already elevated amid the U.S.-China trade war. Exports fell 13.6 percent in August from a year earlier, a ninth consecutive month of contraction, data from ...
Japan approves first export of hydrogen fluoride to South Korea since controls tightened
South Korea's trade ministry confirmed Friday that Japan had approved a shipment of hydrogen fluoride for the first time since Tokyo designated it last month as one of three materials subject to tighter controls when shipped to South Korea. Japanese-made hydrogen fluoride, along with fluorinated ...
Japan's curbs on high-tech materials exports to South Korea could backfire in long run
Japan's curbs on exports of high-tech materials to South Korea could backfire in the long run, eroding its dominance over a key link in the global chip supply chain, suppliers and experts have said. Japan tightened restrictions last month on exports of three chipmaking materials ...
South Korea calls on Japan for talks to repair ties and vows to lodge complaint with WTO
South Korea on Wednesday slammed Japan for effectively downgrading Seoul's trade status and accused Prime Minister Shinzo Abe of treating the neighbor as an "adversary." The comments are the latest in a bitter tit-for-tat row stemming from a long-running diplomatic dispute over Japan's use of ...
