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Japan banks cut bonds, keep cash on negative rates

japanese banks

TOKYO: Negative interest-rate stimulus is half working in Japan, as lenders cut government bond holdings by the most in almost three years, only to hoard proceeds at the central bank. Japanese government bonds owned by banks fell 5.5 per cent in April from a month earlier, the fastest pace since June 2013, as most yields slumped below zero, Bank of Japan ... Read More »

Zimbabwe trade delegation heads to Japan

trade

TOKYO: Industry and Commerce Deputy Minister Chiratidzo Mabuwa will this week lead a Zimbabwean trade delegation to Japan to cement business and investment relations between the two countries. The visit builds on the foundation laid by President Robert Mugabe during his visit to Japan in March. Mabuwa told delegates during a tour of companies in Gweru last Thursday that her ... Read More »

Japan, India agrees to boost three-way defense cooperation with US

cooperation

TOKYO: Amid China’s increasing maritime assertiveness, the defense ministers of Japan and India agreed Friday to boost their trilateral security cooperation with the United States. Defense Minister Gen Nakatani told reporters “it is very significant” for Japan, India and the United States, who “share the same values,” to strengthen cooperation to ensure the security of the vast Pacific and Indian ... Read More »

Japan authorities seize drugs worth $387m

seized

NAHA: About 600 kilograms of illegal drugs with a street value of some 42 billion yen ($387 million) have been confiscated from a yacht moored at Naha port in Okinawa Prefecture, investigative sources said Thursday. The amount is believed to be the largest ever for stimulants confiscated in Japan. In connection with the case, the Japan Coast Guard served fresh ... Read More »

Shinzo Abe’s stimulus lifts Japanese investment

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TOKYO: The value of Japan’s highly diverse direct investment in Australia, now worth $86 billion, has surged past Britain’s to become the second highest after the US. China’s investment has increased as well, with the nation stepping over Singapore to become the fifth-biggest direct ­investor in Australia, with investments worth $35bn. Manuel Panagiotopoulos, the founder of the leading business think-tank ... Read More »

Japan, Thailand eyeing arms deal

deal

TOKYO: Japan and Thailand are looking into a deal that would essentially make them limited defense partners. Tokyo is considering a contract that would allow transfers of defense equipment to Thailand and call for technological cooperation with the country, people familiar with the matter said Thursday. Thailand is interested in the Japanese Maritime Self-Defense Force’s P-1 patrol aircraft and US-2 ... Read More »

Japan temporarily bans live cattle exports from Australia

cattle

TOKYO:  Japan has temporarily stopped accepting live feeder and breeder cattle exports from Australia after a number of animals tested positive for bovine Johne’s disease. The Department of Agriculture confirmed it was aware of the announcement by Japanese authorities and would investigate whether the cattle were prepared according to requirements. “It’s a concern to us and our department is working ... Read More »

Japan delays sales tax rise to 2019

japan abe

TOKYO: Japan has delayed plans to raise the country’s sales tax to 10% from the current 8%. The tax increase was supposed to take place next year, but now Prime Minister Shinzo Abe wants to delay it to late 2019. Mr Abe says he wants to speed up his “Abenomics” policy, which aims to reverse more than a decade of ... Read More »

Japan stops cattle imports from Australia

ban

TOKYO: There are reports Japan has temporarily stopped accepting live feeder and breeder cattle from Australia. It comes after a consignment of young dairy cows air-freighted from Victoria last week reportedly tested positive to Bovine Johne’s Disease. The Department said in a statement they were working closely with the Japanese on the issue. “The Department is investigating, to confirm that ... Read More »

Japan crude imports from Iran fall 72% in April

sales fall

TOKYO: Japan’s crude oil imports from Iran in April slumped 72 percent from a year earlier to 19,161 barrels per day (91,392 kilolitres), data from the Ministry of Economy, Trade and Industry showed. The fall came after Japanese buyers held back from loading Iranian oil in March, worried they would not be able to rely on government-backed insurance for voyages ... Read More »

Japan’s LNG imports slip 3.3% on year in April

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TOKYO: Japan’s LNG imports reached 6.4 million mt in April, down 3.3% from a year ago, led by lower supply from Qatar and Nigeria, data released Friday by the Ministry of Finance showed. On a month-on-month basis, LNG imports also dropped 21.7% from March as the country entered shoulder months. Shipments from Australia reached 1.8 million mt in April, up ... Read More »

Japan crude imports from Iran fall 72% in April

fall in revenue

TOKYO: Japan’s crude oil imports from Iran in April slumped 72 percent from a year earlier to 19,161 barrels per day (91,392 kilolitres), data from the Ministry of Economy, Trade and Industry showed on Tuesday. The fall came after Japanese buyers held back from loading Iranian oil in March, worried they would not be able to rely on government-backed insurance ... Read More »

JX to process 769,452 b/d crude, export 220,143 b/d oil products in June

jx

TOKYO: Japan’s largest refiner, JX Nippon Oil & Energy, plans to process 3.67 million kiloliters (769,452 b/d) of crude oil in June for the domestic market, down 6% from a year ago, a company official said Monday. But JX plans to export an all-time high of 1.05 million kl (220,143 b/d) of oil products in June, mainly to Asia and Australia, ... Read More »

Japan plans to export nursing care system to other Asian nations

EXPORTS

TOKYO: Japan plans to launch a project this summer to export the country’s nursing care system and reap profits by helping other Asian countries such as China and Thailand cope with rapidly aging populations, government sources said Sunday. The Japanese government views medical and nursing care as a strategic growth area and hopes to introduce Japanese nursing care services to ... Read More »

Japan plans to export nursing care system to other Asian nations

export

TOKYO: Japan plans to launch a project this summer to export the country’s nursing care system and reap profits by helping other Asian countries such as China and Thailand cope with rapidly aging populations, government sources said Sunday. The Japanese government views medical and nursing care as a strategic growth area and hopes to introduce Japanese nursing care services to ... Read More »

Japan to push back planned raise in taxes to 2019

abe1

TOKYO: Japanese government has decided to push back a planned raise in taxes for two and a half years, the reports revealed Sunday. Japanese Prime Minister Shinzo Abe intends to push back his debt-loaded country’s next tax hike for two and a half years, when he will likely have left office, reports said Sunday. Abe on Saturday told his close ... Read More »

Japan Abe set to delay sales tax hike by 1-3 years

abe1

TOKYO: Japanese Prime Minister Shinzo Abe will postpone a sales tax hike planned for next year, perhaps by as much as three years, government sources say, a move he will justify as part of G7 efforts to avert another global financial crisis. While the tax hike was seen as critical to reining in Japan’s massive public debt, Abe and his ... Read More »

Japan’s consumer prices down for second straight month in April

decreases

TOKYO: Japan’s core consumer prices fell for a second straight month in April, dealing another blow to Tokyo’s faltering war on deflation, data showed Friday. The negative reading of minus 0.3% offered fresh evidence of the challenges faced by the government and the Bank of Japan (BOJ) in their bid to revitalise the world’s number three economy. The weak data ... Read More »

Japanese economy remains weak

economy

TOKYO: Japan is struggling with its economy as the country hosts the yearly meeting of the G-7 industrialized nations. Japan has the world’s third-largest economy, behind the U.S. and China. Many countries copied Japan when it had a strong and growing economy. Japan has been dealing with deflation for many years. Deflation is “a decrease in the amount of available ... Read More »

Japan, Indonesia may work on port, rail projects

JAPAN

JAKARTA: Japan and Indonesia could be working together on two infrastructure projects in the country, said Cabinet Secretary Pramono Anung. Speaking to reporters at Halim Perdanakusuma airport on Thursday (May 26) morning, Mr Pramono said Japan had expressed interest in, a port in Patimban, Subang Regency, West Java, and a medium-speed rail project for the Jakarta-Surabaya route. “There have already ... Read More »