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Business / Trade in Japan

  • Japan–EU negotiations racing against protectionism

    JAPAN, 2017/07/10 The Japan–EU Economic Partnership Agreement (EPA) negotiations appear to be coming down to the wire. Both sides are aiming to reach a framework agreement prior to the G20 summit on 7 July. Agriculture, as usual, is one of the sticking points, particularly for items such as cheese. The domestic political setting in Japan shows some of the usual signs of tension. The Japanese government is seeking to advance the country’s wider trade goals by reducing tariffs and other import barriers in overseas markets. On the other hand, Japan’s farm lobby — led by the Japan Agricultural Cooperatives Group (JA Group) and their allied politicians in the ruling Liberal Democratic Party (LDP) — is seeking to maintain specific barriers to imports of farm products given Japan’s small-scale and inefficient agricultural sector.
  • Trump threat drives Japan and China closer

    CHINA, 2017/07/10 Sino–Japanese relations have been stuck in a political quagmire for over six years. Tensions have resurfaced time and time again over the Senkaku/Diaoyu Islands since September 2010, at the same time as a Chinese fishing boat rammed two Japanese coast guard boats and its captain was arrested by the Japanese. Japan harbours suspicions that Chinese aggression is aimed at an eventual retreat of the United States from Asia and the Pacific. And China continues to lambast Japan for its failure to face up to its history in the Sino–Japanese wars, inclunding its contemporary push towards re-militarisation.
  • EU, Japan Pledge To Tie The Trade Knot Within Months

    JAPAN, 2017/07/08 The European Union and Japan agreed the broad lines of a trade transaction on Thursday (6 July), promising to iron out the last details within months. “Today we agreed in principle on an Economic Partnership Agreement, the impact of which goes far beyond our shores,” European Commission President Jean-Claude Juncker said during a press conference at the end of the extraordinary EU-Japan Summit. European Council President Donald Tusk stressed that the transaction is not just about trade but about shared values and committing to the highest standards in areas such as labour, safety, environmental and consumer protection.
  • The next chapter for the Trans-Pacific Partnership

    BRUNEI , 2017/06/27 The next of trade and cross border commerce in Asia and the Pacific and the US role in Asia’s economy were put in doubt by Donald Trump’s withdrawal of the United States from the Trans-Pacific Partnership (TPP) economic agreement. The TPP was the economic arm of President Obama’s pivot to Asia. It was as well supposed to set the rules and standards of trade in Asia and for the world. It is no amaze again, that some of the remaining 11 members of the TPP are trying to save the agreement even without US participation. A lot of political capital was expended in negotiating the TPP and nations are looking for ways to maintain the momentum of economic integration.
  • Japan–Taiwan relations under Beijing’s watchful eye

    CHINA, 2017/05/07 International politics surrounding Taiwan is quietly changing thanks to a rejuvenation in Japan–Taiwanese relations. But revitalised bilateral ties are likely to spell trouble for by presently rocky Sino–Japan relations. Since Tsai Ing-wen and the pro-independence Democratic Progressive Party (DPP) rose to power in Taiwan’s 2016 presidential election, the new government prioritised developing economic partnerships and trade agreements with economies other than China. The Tsai Ing-wen government has been particularly eager to expand such ties with Japan because of its anxiety over Taiwan’s economic dependence on mainland China.
  • Chinese Premier Li Keqiang urged China and Japan

    CHINA, 2016/09/06 Chinese Premier Li Keqiang urged China and Japan to make joint efforts to push bilateral relations back to a normal track. Li told visiting secretariat chief of Japan's National Security Council Shotaro Yachi that the two nations should accumulate positive factors and reduce negative elements in bilateral ties. Both sides should adhere to the four political documents reached by the two nations in 1972, 1978, 1998 and 2008, said the premier. The China-Japan relationship is still very fragile although there is a momentum of development, according to Li.
  • The Chinese elephant in Australia–Japan relations

    CHINA, 2016/03/04 Before this month, Foreign Minister Julie Bishop visited Tokyo, where she outlined an increasing emphasis on security cooperation between Japan and Australia. The next day she was in Beijing, where she reportedly received a frosty reception. The two are not unrelated — Beijing is not thrilled about Australia’s growing security ties with Japan. Because Australia is concerned about China’s increasing assertiveness in the region, but at the same time benefits from China economically, we find ourselves in somewhat of a foreign policy pickle. In this very complex situation, it is critical that Australian policymakers respond with both immediate and long-term outcomes in mind. To understand the long-term implications for Australia’s interests of policies drawing Japan and Australia closer together, we need to understand how Chinese policymakers view the world and China’s role within it.
  • Japans emperor visiting the Philippines, a former WWII site

    JAPAN, 2016/01/28 Japan's emperor said Tuesday that his country must remember the tremendous loss of life in the Philippines during World War II, as he and his wife embarked for a four-day visit to the Southeast Asian country. "A lot of Filipinos, Americans and Japanese lost their lives in the Philippines during the war," Emperor Akihito said in a short statement he read before departing from Tokyo. "Particularly in the battle in Manila, a tremendously large number of innocent Filipino civilians were victims. Upon making this visit, we need to bear this in mind at all times."
  • The ambitious TPP trade deal full text of 6.000 pages released to the public

    JAPAN, 2015/11/09 The transaction was struck last month next five years of tense negotiations, but continues to face fierce opposition. It as well must still be ratified by lawmakers in each member country and some of the nations involved need it to undergo a legal review. The full text is about 6,000 pages long. Critics argue the transaction is biased towards corporations, and does not cover climate change concerns, part other issues. The long-awaited text of the landmark trade transaction called the Trans-Pacific Partnership (TPP) has been released to the public for the initial time. The text still has to be translated into the languages of the signatories. The TPP is one of the world's most extensive trade agreements, bringing together 12 Pacific rim nations, inclunding the US and Japan.
  • IMF Warns Japan about Spiraling Debt

    JAPAN, 2015/08/03 Japan has one of the highest levels of deficit of any country in the world, and it is only growing. According to a recent statement by the International Monetary Fund (IMF), Japan’s national deficit will be three times the size of its economy by 2030 unless the government takes action presently to control its spending. According to a story initial appearing in Forbes, as of today, Japan's national deficit runs at about 245 % of its annual gross domestic product (GDP). That equates to approximately 1 quadrillion yen (US$11 trillion). By comparison, the US national deficit for 2015 runs about US$18.2 trillion, or 102.6 % of GDP. While considered high, in general, it pales by comparison to Japan's deficit-to-GDP ratio of additional than twice as much. In a statement by the IMF, it said of Japan's current staggering deficit that "Japan's public deficit is unsustainable under current policies ... A credible medium-term fiscal consolidation plan is needed ... [it] should aim to put deficit on a downward path."