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Japan LNG imports to see structural decline

Morocco to shortlist 3 firms for LNG imports deal

TOKYO: LNG imports by the world’s largest consumer of the fuel Japan is set to see a structural downtrend over the next 10 years (2016-2025), as muted economic performance, negative demographic trends and growing competition from alternative energy sources such as coal and oil drag on overall gas demand, said BMI Research. In the short-to-medium term, the research firm however ... Read More »

Japan eyes allowing data seizures to snare tax cheats

sales tax

TOKYO: Japanese tax authorities may soon have the power to seize such online data as email and digital documents in tax evasion probes, bringing efforts to curb cheating into the modern age. The Ministry of Finance will detail planned revisions to investigation rules when the government’s Tax Commission meets this month. Legislative changes needed to allow such measures as data ... Read More »

Japan’s wooden widows imports down 8% in 1H 2016

imports

TOKYO: First half 2016 imports of wooden widows into Japan were down 8% year-on-year. June imports were down by the same amount compared to levels in June last year and compared to May, June imports were down 9%, ITTO reported. In contrast to the other products reported the spread between supply countries is closest with wooden windows. The top suppliers ... Read More »

Japan stocks slip before US jobs data

aus shares slips

TOKYO: Japanese stocks slipped on Friday amid investor caution before an impending US jobs report that could impact near-term direction for risk asset markets. The Nikkei fell 0.2 per cent to 16,860.09, snapping four sessions of gains. The index still rose 2.5 per cent on the week, helped by a sharp slide in the yen versus the dollar. Seven & ... Read More »

Japan’s big banks boost US deposits

japanese banks

TOKYO: Some of Japan’s largest banks have increased their holdings of US deposits in an effort to offset incoming rules that will limit their ability to raise dollars through short-term debt markets. Between March and June 2016 Mizuho has increased foreign currency deposits by $13.8bn to $182.2bn, and Sumitomo has increased its foreign currency deposits by $28bn to $149bn between ... Read More »

Japan to import 29,140 tonnes of feed wheat, barley via tender

IMPORT

TOKYO: Japan’s Ministry of Agriculture said it would import 12,600 tonnes of feed-quality wheat, and 16,540 tonnes of barley for livestock use, via a simultaneous buy and sell (SBS) auction that closed late on Wednesday. The ministry had sought 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley to be loaded by Jan. 31, 2017 and arrive in ... Read More »

Japanese exports expected to rise for first time in 2 years

importexports

TOKYO: A research outfit affiliated with Japan’s largest freight forwarder expects exports will grow for the first time in two years and imports will shrink for the third consecutive year in 2016. Nittsu Research Institute and Consulting, a part of Nippon Express, said that the growth in exports will be offset by the decline in imports, with the overall container ... Read More »

Japan business confidence hits low

business confidence

TOKYO: Business confidence among Japan’s largest manufacturers is at its lowest since Tokyo introduced measures to kick-start the struggling economy more than three years ago, a central bank survey showed Monday. The Bank of Japan’s closely watched Tankan report comes after data showing weak growth in the second quarter and as soft inflation and spending figures on Friday underscored the ... Read More »

Japan imports 25.3m barrels of crude from UAE in August

imports

TOKYO: Japan reported that it imported more than 25 percent of its crude oil from the United Arab Emirates (UAE) in August 2016. August imports from the UAE reached 25.3 million barrels of crude, according to data released by the Agency of Energy and Natural Resource (AENR) in Tokyo. The agency, which is part of Japan’s Ministry of Economy, Trade ... Read More »

Japan boosts butter imports

butter

TOKYO: Japanese cake-lovers can breath a sigh of relief: government officials plan to bolster butter imports by 4,000 tonnes in a bid to avert a nationwide shortage in the run-up to Christmas. Butter has become an increasingly precious commodity in Japan in recent years, with the product regularly selling out in supermarkets due to a nationwide production shortfall. Extreme weather ... Read More »

Japan’s auto exports gain 1.5% on year in August

AUTO EXPORTS

TOKYO: Japan’s exports of cars, trucks and buses increased 1.5% year over year in August, the Japan Automobile Manufacturers Association said Friday. Exports totaled 327,291 vehicles in August, up from 322,494 vehicles in the same month a year earlier, the association said. Read More »

Asia’s August Iran oil imports jump 81% from a year ago

OIL IMPORTS

TOKYO: Imports of Iranian oil by four major buyers in Asia in August jumped 81 percent from a year earlier, the biggest percentage gain since April 2014, as the producer recoups market share from rivals Saudi Arabia and Iraq. Economic sanctions targeting Iran’s disputed nuclear programme were lifted in January, and it has been battling since then to regain market ... Read More »

Japan to import 4,000 tons of butter

imports

TOKYO: Japan’s agriculture ministry said Tuesday that it will additionally import 4,000 tons of butter as raw milk production is expected to decline after unstable weather conditions. It is the first time for the ministry to make additional imports of butter twice in a fiscal year since fiscal 2014, when the item was sold out at many supermarkets and other ... Read More »

Uber to launch UberEats in Japan

uber

TOKYO:  Uber Technologies on Wednesday said it will launch a food-delivery service in Japan as it looks for new ways to enter a potentially massive market where its ride-hailing service has been blocked by regulation and opposition from taxi drivers. The US technology firm is innovating in a bid to establish its brand in Japan, although it is tight-lipped about ... Read More »

Japan buys 125,775 tons food wheat via tender

wheat

TOKYO: Japan’s Ministry of Agriculture bought a total of 125,775 tonnes of food quality wheat from the United States and Canada in a regular tender that will close 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 »

Gov’t seeks Japan help in e-vehicle manufacturing

JAPAN BANK

TOKYO: The Philippines is eyeing to collaborate with Japan on a new project for the manufacture and deployment of electric vehicles, with the end goal of accessing advanced low-carbon technologies and reducing its carbon footprint. The details are expected to be threshed out when a Philippine business delegation, headed by Trade Secretary Ramon Lopez, visits Japan in October this year. ... Read More »

Japan’s August LNG imports rise 9.4%

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TOKYO: Bucking the recent declining trend, Japan’s LNG imports jumped 9.4% to 7.72 million metric tons in August, data released September 21 by the ministry of finance showed. The world’s biggest LNG importer paid about $2.67bn for LNG imports in August, down 34.6% on year, according to the data. In contrast to LNG import volumes, Japanese coal imports for power ... Read More »

Japan’s central bank experiments at the wrong time

japan central bank

TOKYO: On Wednesday, the once-conservative Bank of Japan delivered an uncharacteristic policy surprise with its plan to target certain interest rates.  I suspect that, at this stage, the central bank would have been much better off sticking to something closer to its traditional caution. Historically, the Bank of Japan hasn’t been at the forefront of experimental monetary policy. This was ... Read More »

Japanese exports decline for 11th straight month in August

EXPORTS

TOKYO: Japan’s poor exports performance continued in August, with shipments falling for an 11th straight month as a strong yen and tepid global economy undercut demand. The trade data came just hours before the results of a highly anticipated Bank of Japan policy meeting. Any signal to the market that the BOJ’s resolve to keep increasing stimulus is waning could ... Read More »

Bank of Japan may shift policy focus to rates as monetary firepower wanes

boj logo 2

TOKYO: The Bank of Japan could make negative interest rates the primary focus of its monetary policy on Wednesday, heightening market disquiet over what moving away from quantitative easing reveals about the waning firepower of global central banks. With three years of massive money printing failing to push up inflation, the BOJ is expected to move away from shock therapy ... Read More »