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Japan business confidence hits decade high

business confidence

TOKYO: Confidence among Japan’s biggest manufacturers has jumped to its highest level in a decade, a key central survey showed on Monday, as the world’s number three economy picks up pace. The Bank of Japan’s Tankan report — a closely watched quarterly survey of more than 10,000 companies — showed a reading of 22 among major manufacturers in its latest ... Read More »

Japan inflation climbs 0.7% in August

inflation - 1

TOKYO: Overall nationwide consumer prices in Japan were up 0.7 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday. That exceeded forecasts for 0.6 percent and was up from 0.4 percent in July. Core CPI, which excludes food prices, also advanced 0.7 percent – in line with forecasts and up from 0.5 percent in ... Read More »

Japan’s Aug zinc exports down 6% yr/yr

importexports

TOKYO: Following is a table of Japan’s customs-cleared exports of zinc for August released by the Ministry of Finance on Thursday. The figures are a total of special high grade (SHG) and prime western grade (PW) zinc. Figures are converted from yen to U.S. dollar using Japan Customs’ official conversion rate. Country Aug Yr/Yr Aug Year to end-Aug Yr/Yr list ... Read More »

Japan resumes imports of Idaho chipping potatoes

imports increased

TOKYO: Secretary of Agriculture Sonny Perdue announced last week that Japan is expanding market access for U.S. chipping potatoes, resuming imports from Idaho for the first time in 11 years. “The United States has a reputation around the globe for growing high-quality potatoes,” Perdue said. “I am gratified that farmers in Idaho, our largest potato-producing state, will prosper while helping ... Read More »

Japan keen to deepen trade, investment ties with Pakistan

economic ties

TOKYO: Japan is keen to strengthen its trade and investment ties with Pakistan to help the country’s economy become fundamentally stronger, a top official said on Monday.  “Japan will cooperate with Pakistan in trade and investment projects,” Tadashi Maeda, chief executive officer at Japan Bank of International Cooperation (JBIC) said in a meeting with Pakistan’s Ambassador to Japan Asad Majid. ... Read More »

Bank of Japan keeps policy steady

BOJ keeps policy steady, maintains upbeat economic view

TOKYO: The Bank of Japan kept its monetary stimulus unchanged Thursday, but a dovish new board member opposed the decision in his first meeting, an unexpected dissension on a board chosen entirely by Prime Minister Shinzo Abe. Still, BoJ Governor Haruhiko Kuroda and his board left its target interest rates and asset purchase program unchanged, a decision expected by all ... Read More »

Japan August crude steel output falls, 4th straight month of drop

crude steel

TOKYO: Japan’s crude steel output fell 2 percent to 8.73 million tonnes in August from a year earlier, the fourth straight month of decline, due to glitches at some mills, the Japan Iron and Steel Federation said. However, the output, which is not seasonally-adjusted, rose 1.7 percent from July, the federation said. Production of ordinary steel slid 3.2 percent on ... Read More »

Japan sees biggest rise in exports in nearly 4 years

Philippines Jan. exports rise at fastest pace in 3 years

TOKYO: Japanese exports and imports surged last month, with both beating expectations as a recovery in trade appeared to gain momentum. Exports rose by 18.1 per cent from a year earlier, the biggest rise since November 2013. Imports climbed by 15.2 per cent. The trade surplus was 113.6 billion yen (S$1.4 billion). Car shipments to the United States increased by ... Read More »

Japan household assets rise to fresh record in June

Morocco’s auto industry exports likely to rise to $10b by 2020

TOKYO: Financial assets held by households rose 4.4 percent from a year earlier to a record ¥1.832 quadrillion ($16 trillion) at the end of June, up for the fourth straight quarter, Bank of Japan data showed Wednesday. The growth was boosted by the increasing value of stocks and other assets amid a moderate global economic expansion. By asset type, equities ... Read More »

Japan exports seen rising anew in August

importexports

TOKYO: Japan’s exports were expected to rise for a ninth straight month in August, a Reuters poll showed on Friday, underscoring the important role of foreign demand in driving economic recovery. Analysts also expect the Bank of Japan to keep policy rates unchanged at its meeting on Sept. 20 and 21. Exports were seen rising 14.7 percent in August from ... Read More »

Japan’s imports of wooden bedroom furniture dropped 9% in June

imports

TOKYO: The volatility in the value of Japan’s imports of wooden bedroom furniture continued into June 2017. After appearing to recover in May the value of June 2017 imports dipped again dropping 9%, as ITTO reported. Year-on-year, June 2017 imports of wooden bedroom furniture dropped 9%. China was the main supplier in June, continuing its dominance of bedroom furniture imports ... Read More »

Japan Aug petchem naphtha imports rise 10% y/y

Morocco’s auto industry exports likely to rise to $10b by 2020

TOKYO:  Japan’s naphtha imports for the petrochemical sector rose 10 percent in August from the same month a year earlier, government figures showed on Thursday. Imports of naphtha for ethylene production totalled 1.24 million tonnes last month, up from 1.13 million tonnes in the same month a year earlier, the Ministry of Economy, Trade and Industry said. Following is a ... Read More »

Japan, Thailand sign 7 deals to strengthen economic ties

economic ties

BANGKOK: The Thai government and its Japanese trade counterpart on Tuesday (Sept 12) signed seven formal agreements covering industrial upgrades, investment in the Eastern Economic Corridor (EEC), human development, and support for small and medium-sized enterprises. The signing took place at the symposium on Thailand 4.0 Towards Connected Industries, hosted by the Thai government. Hiroshige Seko, Japan’s minister of Economy, ... Read More »

Bank of Japan continues to distort ETF market

boj logo 2

TOKYO: There is no doubt that the past seven years have been a watershed for macroeconomic policy, as well as financial markets, as central banks have ardently cast aside the accepted playbook and moved into the realm of policy experimentation. Subsequently, what was birthed was the quantitative easing process which saw the Bank of Japan inject huge amounts of money ... Read More »

Japan Post confirms $12.1bn share sale

A woman walks out from a branch of postal service operator Japan Post in Kawasaki

TOKYO: The Japanese government has launched the $12.1bn follow-on sale of a stake in Japan Post Holdings. It is the first equity offering from the group since a three-way initial public offering in 2015 of the company and its banking and insurance subsidiaries, which was the biggest privatisation in Japan since the 1980s. The government will sell up to 1bn ... Read More »

Japan shoots to quadruple rice exports by 2019

importexports

TOKYO: Japan aims to quadruple exports of rice and rice products to 100,000 tons in 2019, the agriculture ministry said Friday, but the food staple’s price abroad may hinder the effort. Exports last year totaled about 24,000 tons, of which roughly 10,000 tons consisted of rice consumed as a staple. The equivalent of around 11,000 tons was exported in the ... Read More »

Governments around Japan plan to adopt lodging tax to offset impacts of tourism

raise tourism tax

TOKYO: An increasing number of local governments are planning to introduce a lodging tax to finance tourism promotion and ease the load on infrastructure amid record-breaking arrivals of travelers from abroad. Local governments are allowed to adopt an accommodation tax by ordinance. The Tokyo Metropolitan Government became the first to introduce such a tax, in October 2002, charging ¥100 to ... Read More »

Japan to import 10,000 tons of feed wheat via tender

imports-480x330

TOKYO: Japan’s Ministry of Agriculture said it would import 10,000 tonnes of feed-quality wheat 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 Dec. 31 and arrive in Japan by Feb. 28, 2018 in the tender. It ... Read More »

Japan power companies’ LNG consumption down 8% in May YOY

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TOKYO: Japanese power companies consumed 3.57 million tonnes of liquefied natural gas (LNG) for power generation in May, down 8 percent from a year earlier, preliminary electricity data from the Ministry of Economy, Trade and Industry showed on Monday. Following is a table outlining usage of main fuel by type, but it excludes fuel used for in-house power generation. Units ... Read More »

Japan invests in Cambodia’s deep-water port

INVESTMENT

TOKYO: The government-run aid organization Japan International Cooperation Agency (JICA) has given the green light to a $209 million low-interest loan for a new container terminal at Sihanoukville Autonomous Port, Cambodia’s only deep-water seaport. The agency has also purchased a direct equity stake of 13.5 percent. Construction will start in 2019, and when completed in 2023, it will raise the ... Read More »