Japan has become the first nation to receive permission from Thailand to export pork to its consumers. Japan's agriculture ministry announced the move on Friday. The two governments agreed to begin the trade in late July. The change means Thai shoppers may find Japanese pork in stores ...
South Korea to tighten radiation checks on imports of coal ash from Japan
South Korea's Environment Ministry said Thursday it will tighten radiation checks on coal ash imports from Japan because they might be contaminated. Coal ash, a byproduct from thermal power plants, can be used to make cement. The move is seen as Seoul's first counterattack after ...
U.S. holds off on Huawei licenses as China halts farm purchases
The White House is holding off on a decision about licenses for U.S. companies to restart business with Huawei Technologies Co. after Beijing said it was halting purchases of U.S. farming goods, according to people familiar with the matter. Commerce Secretary Wilbur Ross, whose department ...
Japan OKs first shipment of high-tech chemical to South Korea under tightened controls
Trade minister Hiroshige Seko rejected criticism of the recent decision to scrub South Korea from the so-called whitelist of countries cleared for preferential export screenings.
Japan's current account surplus sank 4.2% in first half amid weak exports
Japan's current account surplus shrank in the first half as exports to Asia turned sluggish amid ongoing trade tensions between the United States and China, government data showed Thursday. The surplus in the current account, one of the widest gauges of international trade, stood at ...
China fuels fears of currency war by setting weak yuan target rate
The Chinese central bank on Thursday set the yuan reference rate weaker than 7 to the U.S. dollar for the first time in 11 years and three months, deepening fears that the ongoing China-U.S. trade war will escalate into a currency conflict. The People's Bank ...
47.7% of South Koreans favor scrapping intelligence pact with Japan, poll shows
Some 47.7 percent of respondents in a South Korean survey said Seoul should cease a defense information-sharing agreement with Japan, more than the 39.3 percent who opposed such a move, a poll by Real Meter showed Wednesday. The support for scrapping the General Security of ...
China hits back at Trump with weaker yuan, halt on crop imports
After trying to placate Donald Trump for more than a year only to face tariffs on virtually all of its shipments to the United States, China is signaling it's ready to play hardball. In a stark escalation of the trade war that has roiled financial ...
South Korea to invest ¥679 billion to cut reliance on Japanese imports
“We want to turn the crisis into an opportunity” Seoul’s trade chief says.
Amid growing diplomatic row, sales of Japanese cars in South Korea slump
Sales of Japanese-brand autos in South Korea slumped in July amid the worsening diplomatic row that has led to consumer boycotts and efforts by Seoul to cut the economy's reliance on imports from Japan. Industry data out of South Korea on Monday showed Toyota Motor ...
Highlighting industry's troubles, Kobe Steel's shares take huge hit
Kobe Steel Ltd. tumbled as much as 13 percent in Tokyo to hit the lowest level in almost seven years after Japan's third-biggest steelmaker swung to a first-quarter loss and warned that full-year profit will collapse. The shares sank the most since 2017 after the ...
South Korea braces for Japan's tighter export restrictions
As Asian markets slid Friday after U.S. President Donald Trump said he'll impose more tariffs on China, another trade spat between Japan and South Korea is escalating. Japan confirmed Friday it will remove South Korea from a list of trusted export destinations, which would expand ...
