Tag archive for "japan"

Business

China, Japan, S Korea to start free-trade talks

No Comments 14 May 2012

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The leaders of China, Japan and South Korea agreed Sunday to start negotiations towards creating a free-trade area this year, saying it would boost the economies of the region in a time of crisis. A free-trade area among Northeast Asia’s three major economies has been on the trilateral agenda for the past decade, beginning with [...]

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Business

Japan pledges cut in Iran oil imports

No Comments 22 March 2012

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Japan said Wednesday it would continue to cut its oil imports from Iran “considerably”, while hailing a US decision to exempt it from new sanctions against doing business with the nuclear aspirant. “We have explained to the US side that this trend will accelerate in the future and that we will carry out our reductions [...]

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Business

Japan ready to help Europe through IMF

No Comments 20 January 2012

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Japan said on Thursday it was ready to answer an International Monetary Fund (IMF) call for extra cash to help Europe steer a course through its sovereign debt crisis, a report said. “Japan is prepared to support European efforts to stabilise the market, including through lending to the IMF, based on strong efforts by European [...]

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Business

Japan recovery paused, warns BoJ

No Comments 22 December 2011

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The Bank of Japan (BoJ) said on Wednesday the country’s economic recovery “has paused” because of the slowing global economy and strong yen, as data revealed a growing trade deficit for the export-dependent nation. The central bank left its key interest rate unchanged at between zero and 0.1 per cent, but despite the crunch, did [...]

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Business

Japan to boost forex war chest

No Comments 21 December 2011

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Japan said it will bolster its currency market intervention war chest by 30 trillion yen ($385 billion), the second-biggest increase on record, as it moves to tame the soaring currency. The move came as Japanese exporters, a key driver of the country’s economy, continue to complain that a strong yen makes their products less competitive [...]

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Business

Japan using disaster budget for whaling aid

No Comments 08 December 2011

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Japan on Wednesday confirmed it planned to use some of the public funds earmarked for quake and tsunami reconstruction to boost security for its controversial annual whaling hunt. Greenpeace charged that Tokyo was siphoning money from disaster victims by spending an extra 2.28 billion yen ($30 million) on beefed up security amid looming battles between [...]

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Business

Japan forex move exceeds

No Comments 01 December 2011

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Japan sold 9.09 trillion yen from late October to stem the currency’s rise against the dollar, the finance ministry said on Wednesday, amid fears over the nation’s post-quake economic recovery. Tokyo said it intervened in currency markets after the yen hit a post-war high of 75.32 per dollar on October 31, and the action at [...]

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Business

World’s longest kebab in Japan

No Comments 29 November 2011

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Residents of a small Japanese island cooked up a late-night snack that could satisfy even the heartiest appetite — a kebab more than 100 metres (330 feet) long. Thousands of people on southern Ishigaki island tucked into the 107.6 metre monster, the world’s longest, in an event to promote the premium Ishigaki beef, local tourism [...]

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Business

Japan seeks cooperation

No Comments 25 November 2011

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Japan’s fiscal policy minister said the government wants to cooperate with other Asian nations to minimise the possible impact of European debt crisis contagion denting the region. “We’d like to aggressively seek cooperation with Asian partners, and expanding our currency swap deal with Korea is a good example,” Motohisa Furukawa, state minister of economic and [...]

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