Business Dec 11, 2018
U.S. automakers group urges Trump to push harder to open Japanese market
The Trump administration intends to start trade negotiations with Tokyo as early as mid-January, after notifying Congress of its plans in October.
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Business / Economy Nov 19, 2018
Japan logged goods trade deficit in October thanks to surging energy imports
Japan posted a goods trade deficit in October as rising energy costs led imports to rise at the fastest pace in nearly five years, according to government data released Monday. The trade balance in goods with the rest of the world came to a deficit ...
Reference | FYI Jun 4, 2018
U.S. trade deficit with Japan not necessarily the bugbear painted by Trump
by Cory Baird
The protectionist tune on trade that U.S. President Donald Trump often sings is hardly a unique problem for Japanese policymakers who have long faced pressure over Japan's strength in exporting everything from vehicles to video games all over the globe. But often lost in these ...
Business | FOCUS May 21, 2018
U.S.-China trade truce may prove fleeting without serious reform
by Andrew Mayeda
The newly declared economic truce between the U.S. and China will prove temporary if the world's two largest economies fail to deliver on vague commitments to rebalance trade. "We're putting the trade war on hold," said Treasury Secretary Steven Mnuchin on Sunday. "Right now, we ...
Business May 18, 2018
China offers Trump $200 billion package to slash U.S. trade deficit: U.S. officials
China has offered U.S. President Donald Trump a package of proposed purchases of American goods and other measures aimed at reducing the U.S. trade deficit with China by some $200 billion a year, U.S. officials familiar with the proposal said. But China's Foreign Ministry on ...
Business Jan 7, 2018
The U.S. goods trade deficit with Japan narrowed 10.5 percent in November from October to $5.76 billion, due partly to smaller imports of automobile parts, the U.S. Commerce Department said. The deficit with China grew 0.6 percent to $35.43 billion, the department said Friday. U.S. President ...
National / Politics Nov 10, 2017
Trump had pressed Abe for immediate tangible results on U.S. trade deficit, sources say
During his recent visit to Japan, U.S. President Donald Trump urged Prime Minister Shinzo Abe to produce tangible results to improve the trade imbalance between the two countries, sources have said. Trump appears to be trying to achieve his election campaign promise of reducing the ...
Commentary / Japan Nov 8, 2017
Japan and the U.S. don't have a trade problem
by Noah Smith
Japan is a good trade partner and a key source of investment into the U.S. Monetary easing, rather than aggressive jawboning, is the best approach to the imbalances that remain.
Business Mar 7, 2017
METI chief Seko to visit U.S. for talks with Commerce counterpart Ross
Economy, Trade and Industry Minister Hiroshige Seko plans to travel to the United States for talks with Commerce Secretary Wilbur Ross around March 16, sources said Monday. If realized, it will be their first meeting since Ross took office last week. The two are expected ...
Business Feb 8, 2017
U.S. 2016 trade gap with Japan was second-largest; deficit with China is half the total
The U.S. trade deficit in goods with Japan was its second-largest in 2016, totaling $68.94 billion, according to new U.S. government data. The trade gap with China was five times bigger, topping the list at $347.04 billion, the Commerce Department said Tuesday. That was, however, ...
Business / Economy May 23, 2016
Japan's exports post seventh monthly decline on stronger yen
Exports fell for the seventh consecutive month in April as the yen strengthened, underscoring the growing challenges to Prime Minister Shinzo Abe's efforts to revive economic growth. Overseas shipments declined 10.1 percent in April from a year earlier, the Finance Ministry said Monday. The median ...
Business / Economy Apr 20, 2016
Japan's trade deficit down 88% in fiscal 2015 on cheaper oil imports
Japan's trade deficit in fiscal 2015 through March plunged 88.2 percent from a year earlier to ¥1.08 trillion ($9.9 billion), helped largely by a fall in the cost of crude oil imports, the government said Wednesday. The value of exports fell 0.7 percent for the ...