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Japan Inc sees strong run of economic growth

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TOKYO: Nearly three-quarters of Japanese companies expect the economy to keep expanding at least another year, extending an already strong run, although they were not as bullish as market estimates, a Reuters poll shows. Japan has logged seven straight quarters of economic expansion to end-September, its longest uninterrupted stretch of growth since 1994. Tokyo stock prices are at their highest ... Read More »

Japan accord to boost brown coal

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TOKYO:  A renewed commitment by Australia and Japan to pursue opportunities in coal, gas and hydrogen has fuelled hopes of increased trade and renewed momentum for Victoria’s brown coal-to-hydrogen ambitions. Following annual bilateral talks in Tokyo late last week, Prime Minister Malcolm Turnbull and Japan’s Shinzo Abe pledged to further work to develop regional coal and LNG markets and on ... Read More »

Japan spots possible sanctions breach by N.Korea

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TOKYO: Japanese Defense Ministry sources say the Maritime Self-Defense Force found a possible breach of international sanctions against North Korea. They say P3C patrol aircraft spotted 2 tankers, one registered in North Korea and the other Dominican-registered. They were side by side in open waters in the East China Sea early on Saturday morning. The North Korean tanker is believed ... Read More »

Japan govt upgrades economic view for first time in 7 months

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TOKYO: The Japanese government raised its assessment of the economy in January for the first time in seven months due to rising consumer spending, an encouraging sign that inflation could start to pick up this year. Japan’s economy is gradually recovering,” the Cabinet Office said in its monthly economic report yesterday. That marked an upgrade from December, when the Cabinet ... Read More »

Japan dumping treasuries puts spotlight on Euro area debt

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TOKYO: Sovereign issuers that are selling bonds in euros at a record pace could well be finding some of the world’s most prolific buyers ready to pounce. Investors in Japan and China are shunning US Treasuries, and the conditions are ripe for that cash to find a home in Europe. Early signs of a shift may already be visible: Belgium ... Read More »

Japanese auto makers halt exports to Vietnam in wake of tightened

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TOKYO: Japanese auto manufacturers have decided to suspend exports to Vietnam following stringent quality  regulations the Vietnamese government put in place on January 1 this year. Toyota said on Tuesday that it has halted all production for export to the Vietnamese market, Nikkei said in a Wednesday report. The firm manufactures auto components in Vietnam, but imports of completely built ... Read More »

Japan Iceland sign double tax agreement

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TOKYO: Japan’s Ministry of Finance has reported the signing of a double tax agreement with Iceland in Reykjavik. The Ministry says the agreement is the first of its kind to be concluded between Japan and Iceland and seeks to eliminate double taxation of income and prevent tax evasion and avoidance. The agreement waives withholding taxes at source on royalties and ... Read More »

Japan to revamp GDP data to reflect sharing economy

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TOKYO: Japan is set to revamp how it measures gross domestic product data in the coming years by better incorporating new consumption trends such as the sharing economy and chasnging quality of education and medical services, officials said on Monday. The move comes in response to criticism the country’s economic data fails to grasp actual economic activity as analysts see ... Read More »

Japan retailers struggle to raise prices even as economy gains

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TOKYO:  Japan’s economy is gathering steam, profits are at record levels and companies are poised to raise wages  yet retailers and restaurant chains are struggling to lift prices for fear of losing customers conditioned by nearly two decades of deflation. This predicament could undermine the sustainability of Japan’s recovery and highlights just how difficult it will be for the central ... Read More »

Japan posts current account surplus of ¥1.35tr in November

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TOKYO: Japan posted a current account surplus of ¥1.35 trillion ($12 billion) in November on robust earnings from foreign investments, marking the 41st straight month of black ink, government data showed Friday. But the surplus shrank 5.6 percent from a year ago as trade-reliant Japan had a smaller trade surplus of ¥181.0 billion in November due to a surge in ... Read More »

Experts doubt lifting of Japan food ban

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TOKYO: Curbs on imports of Japanese food produced in areas hit by the country’s nuclear crisis will not be easily relaxed or lifted, and Chinese consumers won’t accept such imports given food safety concerns, experts said. The comments came after reports in the Japanese media said that China will probably relax import restrictions on Japanese food that were put in ... Read More »

Look for value in Japan emerging markets

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TOKYO: Market confidence is supported by a reasonably strong cyclical upswing in world GDP growth. This is being translated into corporate earnings growth, [and is supported] by a belief that central banks will not significantly tighten monetary policy unless justified by growth and inflation data, and by the U.S. corporate tax cuts announced in December which will boost Wall Street ... Read More »

Japanese suppliers export to Pyongyang amid trade sanctions

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TOKYO: Last December 14th, Japanese law enforcers arrested three men in Shibata City, Niigata Prefecture, including Yuzuru Yachida, 47, the CEO of M-Create Inc., an environmental installation company. The charges: violations of the foreign exchange law violationsspecifically, exporting without a license. They are suspected of involvement in the illegal export of foodstuffs to North Korea. Authorities carried out searches on ... Read More »

Prospects for Japan’s economy in 2018

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TOKYO: They expect Japan’s exports to grow this year, led by strong global demand. They also say consumer spending will moderately rise, because of an improved job market. Ten think tanks project Japan’s gross domestic product will expand 1 to 1.3 percent in price-adjusted real terms in fiscal 2018, which starts in April. Japan’s economy began picking up in December ... Read More »

Japan prepared to lift its ban on beef imports from Uruguay

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TOKYO: Japan is planning to lift a ban on beef imports from Uruguay next year, ending a more than 17-year embargo following the outbreak of foot-and-mouth disease in the South American nation in 2000, according to government sources in Tokyo.  Following on-site checks, an expert panel of the Agriculture, Forestry and Fisheries Ministry determined in early December that sufficient safeguards ... Read More »

Japan METI says Nov Saudi crude imports rise 19% month to 1.39m

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TOKYO: Japan crude oil imports from Saudi Arabia rose 19.3% month on month to an average of 1.39 million b/d in November, preliminary data released Thursday by the Ministry of Economy, Trade and Industry showed. the Saudi crude imports in November were also up 12.5% from the same period a year earlier on a barrel-per-day basis. Japan’s crude imports from ... Read More »

Tea maker Ito En to sip sweet profits as Asia enforces sugar tax

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TOKYO: Riding on the success of its newly designed bottles and a growing appetite for Japanese cuisine abroad, tea maker Ito En is rolling toward its second straight record net profit. But the sweet news does not stop there. The Tokyo-based company is about to get an unexpected tail wind from the spread of sugar taxes, especially in Southeast Asia. ... Read More »

Pak must take steps to increase exports to Japan

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TOKYO: Consul General of Japan, Toshikazu Isomura has said that the trade balance is in favour of Japan and Pakistani Government must take steps to increase the export trade with Japan. He was talking to the delegation of Rice Exporters Association of Pakistan (REAP) led by the Senior Vice Chairman, Rafique Suleman and Secretary REAP Altaf Hussain Shaikh was also ... Read More »

Japan nuclear exports carry risks rewards

japan

TOKYO: Power in 2012 at the height of post Fukushima anti nuclear sentiment, Prime Minister Shinzo Abe has promoted nuclear energy as a pillar of his economic agenda at home and abroad. Indeed, despite the industry’s diminishing domestic prospects, his return to office signals the continuation of policies promoting Japanese nuclear technology abroad as a means of addressing the nation’s ... Read More »

Japan government to promote fugu exports to Asia

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TOKYO: The government plans to promote exports of fugu, a traditional luxury food item in Japan, targeting wealthy people in China and other Asian nations, according to sources. Fugu, or puffer fish, are rarely seen in overseas marketplaces because of the poison they contain, but the government is aiming to make the product a big seller among the country’s agricultural ... Read More »