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Japan’s exports rises in January 2017, second straight month of rise

Japan Exports

TOKYO: Japan’s exports are seen rise for the second straight month in January, supported by a global economic recovery and a soft yen while imports are expected to rise for the first time in about two years. Exports likely rose 4.7 percent in January from a year ago, according to the poll of 18 analysts, following 5.4 percent growth in ... Read More »

Japan’s wooden doors exports falls 18% in Q4 2016

wooden door

TOKYO: Japan’s 2016 imports of wooden doors were down 18% in Q4 compared to the same period in 2105 extending the decline in the first three quarters of 2016 when wooden door imports were around 2% down year-on-year, ITTO reported. For 2016 the top four suppliers in order of rank were China, the Philippines, Indonesia and Malaysia and these four ... Read More »

Japan stainless steel scrap imports gain significantly in 2016


TOKYO: Japanese stainless steel scrap imports gained significantly by 12 percent to 1,00,911 tons during last year as compared to 89,951 tons imported in 2015, as per the latest figures released by the Japanese Ministry of Finance (MoF). According to the ministry, South Korea was the biggest exporter of stainless steel scrap to Japan during 2016 and which accounts 49 ... Read More »

Japan’s stainless steel scrap imports record 12% jump in 2016


TOKYO: According to latest statistics released by the Japanese Ministry of Finance (MoF), the country’s stainless steel scrap imports have registered significant increase during 2016. The yearly imports surged by over 12% in 2016. However, the monthly imports in December 2016 witnessed marginal decline over the prior month. Japan imported 7,309 tons of stainless steel scrap during December last year. ... Read More »

Japan’s economy grows 1% as global demand drives exports


TOKYO: Japan’s economy expanded for a fourth straight quarter at the end of 2016, with recovering global demand fueling export gains that offset soft domestic consumption. Gross domestic product (GDP) expanded 1 per cent on an annualised basis from the previous quarter in the three months through December, according to data released by the Cabinet Office on Monday (median estimate ... Read More »

Japan logs 1% growth in 2016 as private demand stalls


TOKYO: Japan’s economy expanded at a steadily slowing pace in 2016, though a modest recovery in exports helped offset sluggish spending by households and businesses, according to data reported Monday. The 1.0 percent annual pace of expansion for the year compared with 1.2 percent growth in 2015. For all but one quarter of the year, private demand was flat or ... Read More »

Japan’s Takata Corp. post net loss of ¥64b


TOKYO: Struggling air bag maker Takata Corp. said it expects to post a group net loss of ¥64 billion for the year ending next month, the largest annual loss since its stock listing on the Tokyo Stock Exchange’s First Section in 2006. The dismal outlook comes as Takata last month agreed to pay $1 billion dollars in fines to settle ... Read More »

Japan’s farm, fishery produce exports hit record high in 2016


TOKYO: Robust demand for Japanese agricultural products, including healthy food, lifted agriculture, forestry and fishery exports to record total high of 750.3 billion yen ($6.6 billion) in 2016, data from the farm ministry showed Friday. Japan has witnessed the yearly figure reach a record high over the past four years, reflecting an increase in the number of health-conscious overseas consumers ... Read More »

Japanese arms exports can boost regional stability


TOKYO: With a mini-Cold War emerging in East Asia and the Japan-U.S. alliance appearing less robust in the initial phase of the inexperienced new Trump administration, Tokyo needs to take some additional measures to safeguard its security. To maintain the regional status quo, Japan depends on the overwhelming U.S. military power that can be brought into play through the alliance. ... Read More »

Japan approves $100m loan for Iraq


TOKYO: Japan has approved a loan of about $100 million to support humanitarian, counter-terrorism and infrastructure projects in Iraq, a Japanese embassy statement said on Tuesday (07/02). Japan last month agreed to lend Iraq up to 27.2 billion yen ($240 million) to rebuild damaged electricity infrastructure in areas recaptured from Islamic State. Iraq’s government income, which comes almost exclusively from ... Read More »

Cambodia charges 3 in Japan for human trafficking


TOKYO: A Japanese restaurant owner accused of overseeing a smuggling ring that forced women into prostitution in Japan was charged with trafficking in Cambodia Tuesday, along with his wife and an employee. The charges follow the dramatic rescue of seven Cambodian women from a restaurant in Gunma, northwest of Tokyo, in December after one of them made a desperate plea ... Read More »

Japan’s Mitsubishi hikes profit outlook on strong coal prices


TOKYO: Japanese trading house Mitsubishi Corp hiked its net profit forecast on Thursday (02/02) for the current financial year by around a third, driven up as coking coal prices remain way above lows hit last year. The revised forecast of 440 billion yen ($3.9 billion) is higher than a consensus estimate of 372 billion yen from 13 analysts polled by ... Read More »

Vietnam, Japan trade expected to surge in 2017


TOKYO: Vu Cuong, deputy head of East Asia division of the Asia Pacific Market Department under the MoIT, said a series of visits made by leaders of the two countries in early 2017 reflected the two sides’ resolve to boost ties. Japanese Prime Minister Shinzo Abe visited Vietnam in mid-January and Japanese Emperor is expected to travel to Vietnam in ... Read More »

Israel, Japan sign bilateral investment treaty


TOKYO: Israel and Japan signed a bilateral investment treaty Wednesday, in the latest move to strengthen their diplomatic and trade ties. Israeli Finance Minister Moshe Kahlon and Japanese Foreign Minister Fumio Kishida signed the treaty, negotiated between Jerusalem and Tokyo from May 2015 to December 2016, in a ceremony at the Finance Ministry in Jerusalem. A bilateral investment treaty establishes ... Read More »

Police nab Tokyo man in smuggling of stimulant drugs


TOKYO: Police have arrested a Tokyo man for allegedly smuggling stimulant drugs concealed in packages of ginseng into Japan from Korea, reports Nippon News Network. In October of last year, Ryu Murata, 24, was alleged to have been carrying one kilogram of kakuseizai, or stimulant drugs, concealed inside four packages of dried ginseng upon his arrival at Fukuoka City via ... Read More »

Cigarette tax take dips 9% to P91.6b


TOKYO: Excise tax collections from tobacco products fell by 9 percent to P91.6 billion in 2016 from P99.5 billion in 2015 despite the annual increase in excise tax rates, due in part to the proliferation of fake cigarettes and tax stamps, the Bureau of Internal Revenue (BIR) said. Nestor Valeroso, BIR deputy commissioner, said other reasons for the decline could ... Read More »

Japan exports increase 5.4% in Dec of 2016


TOKYO: Exports from Japan jumped 5.4 percent year-on-year to JPY 6679 billion in December of 2016, beating market expectations of a 1.2 percent increase. It is the first annual rise in fifteen months amid improving global demand and a surge in sales to China. Shipments rose mainly for machinery (+8.9 percent), namely power generating machines (+6.5 percent); electrical machinery (+9.2 ... Read More »

Japan breathes new life into regional, non-US trade pact


TOKYO: With U.S. President Donald Trump’s formal decision to withdraw from the long controversial American-led Trans-Pacific Partnership agreement, attention in the Asia-Pacific region is turning toward making renewed efforts to complete a separate multilateral trade agreement that excludes the U.S. — the Regional Comprehensive Economic Partnership. RCEP is viewed by the U.S. and by many in Japan and other parts ... Read More »

Japan plans butter imports to secure stable supplies


TOKYO: Japan will import 13,000 tonnes of butter in the next fiscal year that starts on April 1 to secure stable supplies, the Ministry of Agriculture, Forestry and Fisheries said. The government also plans to import 13,000 tonnes of skim milk powder, the ministry said in a statement. The imports reflect declining domestic output of raw milk due to a ... Read More »

Japan’s robust auto imports counter claims of closed market


TOKYO: Foreign vehicles now hold a record share of the Japanese auto market even as U.S. President Donald Trump assails what he sees as unfair access hurdles, a sign that the struggles of some car companies have more to do with appeal than legal barriers. Audi Japan unveiled Thursday a revamped version of the German automaker’s best-selling A3 compact line, ... Read More »