National Dec 5, 2021
Japan will no longer allow foreign students to buy duty-free goods
As part of tax reforms, the government plans to narrow the eligibility of duty-free purchases to tourists and those with a short-term visa of 90 days or less.
Business Sep 22, 2021
U.S. lifts post-Fukushima import restrictions on Japan farm products
Under the restrictions, U.S. imports of a total of 100 agricultural products produced in 14 Japanese prefectures including Fukushima had been suspended.
Business Jan 10, 2020
U.S. and China dust off corporate deals before signing trade pact
The U.S. and China are finalizing a bevy of long-running corporate deals ahead of a high-profile ceremony next week to sign a trade deal, which the world's two largest economies are seeking to cast as a major breakthrough and a marked warming in their ...
National Jan 2, 2020
Japan-U.S. pact takes effect to promote goods, digital trade
Japan lowered its import duty on U.S. beef from 38.5 percent to 26.6 percent and will cut it down to 9 percent in fiscal 2033.
Business / Economy Dec 18, 2019
Hit by weak exports to China, Japan ran ¥82 billion trade deficit in November
Japan logged a goods trade deficit of ¥82.08 billion ($749 million) in November, hit by weak exports to China amid a slowdown in the world's second-largest economy, government data showed Wednesday. The trade deficit followed a revised ¥15.66 billion surplus in October, according to a ...
Business / Economy Dec 9, 2019
The current account surplus rose 38.0 percent in October from a year earlier, as imports dropped faster than exports amid falling crude oil prices and the prolonged U.S.-China trade conflict, government data showed Monday. The surplus came to ¥1.82 trillion, marking the 64th straight month ...
Business Dec 5, 2019
U.S. and Japan to discuss next trade talks in early 2020, USTR says
The United States and Japan will begin consultations early next year in order to enter negotiations on a broader trade agreement than the one signed in October, the Office of the U.S. Trade Representative said in a statement on Wednesday. U.S. Trade Representative Robert Lighthizer ...
Business / Economy Oct 30, 2019
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 ...
Business / Economy Oct 21, 2019
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.
Business / Economy Sep 18, 2019
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 ...
Business Sep 13, 2019
China to exempt U.S. pork and soybeans from additional tariffs: Xinhua
China will exempt some agricultural products from additional tariffs on U.S. goods, China's official Xinhua News Agency said Friday, in the latest sign of easing Sino-U.S. tensions before a new rounds of talks aimed at curbing a bruising trade war. The United States and China ...
National Aug 25, 2019
Prices for imported minced fish products soar amid increased demand in overseas markets
Prices of imported minced fish products — ingredients for fishcakes used in popular oden hot pot dishes in Japan — have been soaring due to increased demand in Europe, the United States and China, as well as rising logistics and personnel costs, according to ...