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Japan

Japan trade surplus with China hikes

Japan trade surplus

TOKYO: Japan has logged a surplus of 111.8 billion yen (S$1.4 billion) with China – its first in five years. Overall, Japan’s seasonally adjusted trade surplus stood at 680.3 billion yen. This is the highest since April 2010. Analysts said that February’s 8.3 percent growth in the volume of exports, and average export volume growth of around 4 percent in ... Read More »

Japan’s exports rises 11.3% in February

high growth rates

TOKYO: Japan’s exports had the biggest increase in more than two years in February. Exports recovered from a Chinese New Year slowdown in January, as a widening trade surplus with the US potentially raises tensions in expectation of rising protectionism from Washington. Annual export growth of 11.3 percent exceeded a 10.6 percent increase expected by economists and followed a 1.3 ... Read More »

Japan buys 117689 tons food wheat via tender

Japan Ministry of Agriculture

TOKYO: Japan’s Ministry of Agriculture bought a total of 117,689 tons of food quality wheat from the United States, Canada and Australia in a regular tender that closed late on Thursday. Japan, the world’s sixth-biggest wheat importer, keeps a tight grip on imports of the country’s second most important staple after rice and buys the majority of the grain for ... Read More »

Japan fruit & vegetables imports increase in 2016

fruit & vegetable

TOKYO: In 2016, the Netherlands exported 402,000 kilograms of snack tomatoes to Japan. That is 134,000 kilograms more than in the previous year. Strawberries were supplied for the third year in a row. The volume grew considerably compared to 2015: from 60,000 to more than 106,000 kilograms. The figures are in KCB’s annual report, who make the export inspections for ... Read More »

Japan’s wooden doors imports down 9% in January

imports-480x330

TOKYO: Year-on-year Japan’s January 2017 imports of wooden doors were compared to January 2016 and from a month earlier they were down around 9%, ITTO reported. Since September last year there has been a steady decline in imports into Japan of wooden doors. The top suppliers in January in order of rank were China, Indonesia and Malaysia which together accounted ... Read More »

Tokyo stocks retreat further on yen’s rise

Tokyo stocks exchange

TOKYO: Stocks lost further ground on the Tokyo Stock Exchange on Tuesday, weighed down by the yen’s ascent. The 225-issue Nikkei average fell 65.71 points, or 0.34 percent, to close at 19,455.88. On Friday, the key market gauge gave up 68.55 points. The Tokyo market was closed on Monday for a national holiday. The Topix index of all first-section issues ... Read More »

Germany, Japan eyes revised trade deal

flags_japan_Germany

BERLIN: German Chancellor Angela Merkel and Japanese Prime Minister Shinzo Abe called for a concerted effort to defend free trade, expanding the list of economic powers joining together to counter the U.S. shift toward protectionism. Barely 48 hours after Merkel and President Donald Trump clashed on economic policy at their first White House meeting, the German leader called for swift ... Read More »

Japan to Philippines container shipments up 1.9% in January

shipping

TOKYO: The consolidated volume of containerized shipments that major shipping lines moved in January between Japan and 13 countries and regions in Asia plunged 13.8 percent from a year earlier, but the Philippines was among the few markets that saw growth, the Japan International Freight Forwarders Association (Jiffa) said. Overall container volume on intra-Asia routes dropped to 1.025 million TEUs ... Read More »

Russia, Japan to hold first consultations on joint activities on southern Kuriles

russia japan

MOSCOW: The first round of the Russian-Japanese consultations on joint economic activities on the southern Kuril Islands will be held in Tokyo on Saturday. Taking part in them will be Russian Deputy Foreign Minister, Igor Morgulov, and his Japanese counterpart, Takeo Akiba. Tokyo is expected to offer Moscow a plan for cooperation in medicine, fisheries and tourism. According to the ... Read More »

Japan wants to import 20m boxes of bananas from the Philippines

banana

MANILA: The government of Japan is interested in importing Cavendish bananas from the Philippines, provided that it comes from the acknowledged areas of the Moro Islamic Liberation Front (MILF). This was revealed by Agriculture Secretary, Emmanuel Piñol, who visited the camp this week. Piñol revealed the interest of Japan to import 20 million boxes of Cavendish bananas yearly, resulting from ... Read More »

BOJ keeps policy steady, maintains upbeat economic view

BOJ keeps policy steady, maintains upbeat economic view

TOKYO: The Bank of Japan (BOJ) kept monetary policy steady on Thursday and maintained a cautiously optimistic view on the economy, signaling that no expansion of monetary stimulus was forthcoming in the near future. In a widely expected move, the BOJ maintained the 0.1 percent interest it charges on a portion of excess reserves that financial institutions park at the ... Read More »

Tokyo stocks fall further on weaker overseas market

stock falls

TOKYO: Japan stocks lost further ground on the Tokyo Stock Exchange Wednesday, weighed down by sluggish overseas equities overnight. The 225-issue Nikkei average retreated 32.12 points, or 0.16 percent, to close at 19,577.38. On Tuesday, the key market gauge lost 24.25 points. The Topix index of all first-section issues ended down 3.59 points, or 0.23 percent, at 1,571.31, after falling ... Read More »

Japanese court sentence drugs smuggler a six year prison

court5

TOKYO: A Saint Vincent and the Grenadines national has been imprisoned for smuggling marijuana through the U.S. military postal service. The unemployed man, convicted by the Tokyo District Court in Tachikawa, got a six-year sentence for his part in a scheme that involved mailing drugs to a post office box at Yokota Air Base in September 2015, Japanese media reported. ... Read More »

Japan’s stainless steel scrap exports plunged 38% in Jan

stainless steel

TOKYO: The most recent trade statistics released by the Japanese Ministry of Finance (MoF) suggests significant decline in exports of stainless steel scrap by the country in January this year. On the other hand, imports of stainless steel scrap increased marginally during the month. The Japanese stainless steel scrap exports totaled 9,547 tons during Jan ’17, significantly lower by 38.4% ... Read More »

Japan wooden furniture imports fall 3% in 2016

wooden furniture

TOKYO: Japan’s 2016 wooden furniture imports fell around 3% in Yen terms against levels in 2015, ITTO reported. Overall, wooden office furniture imports were down 6% year-on-year, wooden kitchen furniture imports dropped around 4% year-on-year and bedroom furniture imports also fell but by a smaller margin (-2.3%). While there is no clear cyclical trend in imports of either office or ... Read More »

Japan seeks WTO help to resolve steel dispute

Japan seeks WTO help to resolve steel dispute

TOKYO: Japan asked the World Trade Organization (WTO) to set up a dispute resolution mechanism, complaining that India’s safeguard duties on steel imports violated global trade rules. In December last year, Japan had sought consultations with India over safeguard duties. Indian officials had explained to both the Japanese negotiators and the trade body that their measures were within WTO rules ... Read More »

Japan stocks higher on closing of trade, Nikkei225 gained 0.34%

Japan stocks higher on closing of trade, Nikkei225 gained 0.34%

TOKYO: Japan stocks were higher after the close on Thursday, as gains in the Precision Instruments, Gas & Water and Construction sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 0.34%. The best performers of the session on the Nikkei 225 were SUMCO Corp. (T:3436), which rose 5.11% or 81.0 points to trade at 1665.0 at ... Read More »

Japan Q4 GDP growth revised up to 1.2% from 1%

gdp rise

TOKYO: Japan’s gross domestic product (GDP) growth was revised up in the fourth quarter as capital expenditure grew at the fastest pace in almost three years. The economy grew an annualized 1.2 percent in October-December, less than the median estimate for 1.6 percent annualized growth but more than the preliminary reading of a 1.0 percent annualized expansion. The figure translates ... Read More »

Tokyo stock exchange lower at closing of trade, Nikkei 225 lost 0.17%

Tokyo stock exchange lower at closing of trade, Nikkei 225 lost 0.17%

TOKYO: Japan equities were lower at the close on Tuesday, as losses in the Marine Transport, Insurance and Gas & Water sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 lost 0.17%. The biggest gainers of the session on the Nikkei 225 were Ebara Corp. (T:6361), which rose 3.02% or 105.0 points to trade at 3580.0 at ... Read More »

Japan’s ferrous scrap imports more than doubled in January

stainless steel scrap

TOKYO: According to trade statistics released by the Japanese Ministry of Finance (MoF), the country’s ferrous scrap imports jumped higher significantly during the month of January this year. However, the monthly imports declined when matched with the previous month. The ferrous scrap imports by Japan totaled 24,777 tons during the month, surging higher by 102% when compared with the imports ... Read More »