Tag - trade

 
 

TRADE

Stacked containers at an industrial port in Tokyo on Feb. 15. The weakness of the yen against the U.S. dollar boosts exporters' profits when repatriated.
BUSINESS / Companies
Feb 26, 2024
Combined profits at major Japan firms expected to hit record
The net profits of 1,430 companies listed on the Tokyo Stock Exchange are estimated to total ¥47.06 trillion in the current fiscal year, up 12.9%.
U.S. President Joe Biden announces new provisions in March 2022 requiring the government to buy more made-in-America goods.
COMMENTARY / World
Feb 26, 2024
Biden doesn’t get why we need the WTO
What do Biden and Trump have in common? Protectionism. As a result, the 13th WTO ministerial conference underway in Abu Dhabi is doomed to fail.
Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala addresses the 13th WTO Ministerial Conference in Abu Dhabi on Monday.
BUSINESS / Markets
Feb 26, 2024
WTO seeks modest outcome in UAE at 'critical juncture' for global trade
The stated goals is to set new global commerce rules, but even its ambitious chief Ngozi Okonjo-Iweala sought to curb expectations.
A chef explains Japanese seafood dishes at a promotional event in Sao Paulo in January.
BUSINESS
Feb 25, 2024
Japan diversifying seafood export destinations after China ban
Japan's fisheries industry is finding new buyers in Brazil, Singapore and the U.S. amid China's ban.
The Nautica, a replacement oil tanker for the decaying FSO Safer, arrives in the Red Sea port of Hodeidah, Yemen, in July last year.
BUSINESS
Feb 25, 2024
Shortage of oil tankers at hand as Red Sea attacks divert trade
Only two new supertankers join the fleet in 2024 — the fewest additions in almost four decades.
U.S. President Joe Biden and Prime Minister Fumio Kishida attend an Indo-Pacific Economic Framework launch event in Tokyo in May 2022.
BUSINESS
Feb 24, 2024
U.S.-led Indo-Pacific deal on supply chain resilience takes effect
The deal allows members to help each other secure critical items in times when supply chains are disrupted.
For all of U.S. President Joe Biden’s talk about the sanctions, his team is still unwilling to go after revenue streams that experts argue would really cripple Russia’s economy, for fear of setting off broad shocks that could rebound on the U.S. economy.
WORLD / Politics / FOCUS
Feb 24, 2024
U.S. sidesteps riskiest sanctions in latest move against Russia
The U.S. is concerned that the toughest measures left in Washington's arsenal risk roiling the global economy.
Boats are docked at Matsukawaura Fishing Port in Soma, Fukushima Prefecture, on Friday.
JAPAN
Feb 24, 2024
Most Japan fishing groups hit by China import ban in Fukushima row
The survey found that 29 out of 36 respondents "had felt" or "had somewhat felt" negative effects, including financial damage due to the water release.
U.S. President Joe Biden speaks to the media about sanctions against Russia, following his meeting with late Russian opposition leader Alexei Navalny’s widow and daughter in San Francisco on Thursday.
WORLD / Politics
Feb 24, 2024
U.S. targets Russia with hundreds of sanctions over Ukraine war and Navalny death
The measures targeted Russia's Mir payment system, financial institutions and its military industrial base, as well as other areas.
Members of the 31st Separate Mechanized Brigade fire at a Russian target in the Donetsk region of eastern Ukraine on Tuesday. Since Russia's invasion of Ukraine in February 2022, the United States and China and their allies are pulling apart, World Trade Organization economists say.
BUSINESS / Economy / ANALYSIS
Feb 23, 2024
Global trade rift widening as Ukraine war passes two-year mark
There are clear signs that the global economy is fragmenting into two separate blocs, World Trade Organization economists say.
TikTok parent company ByteDance's offices in Singapore. Chinese companies are increasingly using the city-state as a springboard into the U.S. market.
COMMENTARY / World
Feb 22, 2024
'Singapore-washing' and China’s sneaky trade practices
Chinese firms are using Singapore as a springboard into the U.S., circumventing restrictions. The island nation shouldn't enable these deceptive tactics.
Laws governing global e-commerce and the growing tidal wave of data that crosses borders may soon change.
BUSINESS / Companies
Feb 22, 2024
Streaming a movie abroad may soon come with taxes at the border
It's still unclear exactly how governments would implement digital tariffs.
The Huawei Mate 60 Pro, launched in August 2023 and powered by a sophisticated chip, was seen as a symbol of the China's technological resurgence despite Washington's ongoing efforts to cripple its capacity to produce advanced semiconductors.
BUSINESS / Tech
Feb 22, 2024
U.S. targets China chipmaking plant after Huawei Mate 60 Pro
The Biden administration seeks to cut off China's most advanced factory from more American imports after it produced a sophisticated chip for the phone.
A Houthi military helicopter prepares to land on the Galaxy Leader cargo ship in the Red Sea in November.
COMMENTARY / World
Feb 21, 2024
Why Beijing won’t fight the Houthis
Whether they target Chinese vessels directly or not, attacks on Red Sea shipping by Houthi rebels threaten to undermine China’s economic recovery.
The Japan Pavillion is seen at the Singapore Airshow on Wednesday.
BUSINESS / FOCUS
Feb 21, 2024
At top airshow, Japanese firms explore defense export opportunities
They are offering a diverse and sophisticated range of products following a revision of guidelines on defense equipment and technology transfer.
Chinese Foreign Minister Wang Yi speaks on the second day of the Munich Security Conference on Saturday.
ASIA PACIFIC / Politics
Feb 21, 2024
China-Europe ties worsen on Ukraine and disputes over trade
Beijing’s support for Russia has been a sticking point in relations with Europe.
Japan's exports rose to a record high in January, lifted by robust shipments of cars and chipmaking equipment, marking the second straight month of growth despite concerns about slowing global demand.
BUSINESS / Economy
Feb 21, 2024
Export growth beats forecasts, adding to momentum for BOJ policy shift
Gains in exports are a positive sign after the economy unexpectedly fell into recession in the last quarter of 2023 due to stagnant domestic spending.
ASML engineers walk past a High NA EUV tool at ASML’s headquarters in Veldhoven, Netherlands, on Nov. 20, 2023.
WORLD / Politics
Feb 20, 2024
Dutch say China seeks military advantage from ASML tools
Netherlands-based ASML, Europe's largest tech firm, dominates the world market for lithography systems, needed by computer chipmakers.
Graffiti painted on a wall of the Saudi Arabian embassy in Sanaa depicts a Houthi fighter stopping an Israeli ship off the coast of Yemen. The group has been targeting ships in the Red Sea since November.
WORLD / Politics
Feb 20, 2024
Houthi strikes force crew to abandon ship for first time
The militant group made unverified claims that the attack on the British vessel resulted in its complete sinking.
In the U.S., proof that inflation remains sticky and the labor market sound has convinced traders to embrace the Federal Reserve’s pushback against market bets on near-term easing.
BUSINESS / Economy
Feb 19, 2024
Cracks start to emerge in global central bank synchronicity
The synchronization among central banks might be about to weaken as domestic drivers take over from global trends in determining price outlooks.

Longform

Hideo Shimoju points to a possible site that his fellow neighbors may relocate to. Such relocations have happened before, but not preemptively.
In disaster-prone Japan, some communities consider major moves