As optimism grows that the United States and China are nearing a trade deal, Japan kicks off its own negotiations with Washington from Monday, hoping to resolve some of the issues «very quickly.» US Trade Representative Robert Lighthizer and Japan›s Economy Minister Toshimitsu Motegi
Japan called on Group of 20 counterparts to strengthen coordination to address potential risks to the world economy, as simmering trade tensions and China’s slowdown cloud the global growth outlook.
Japan should more than double the consumption tax rate to as high as 26 per cent to ensure its fiscal sustainability, the Organization for Economic Cooperation and Development said Monday. In its biennial report, the OECD said Japan faces the intertwined challenges of a rapidly graying population and large government debt, which require a “comprehensive fiscal consolidation plan, including specific spending cuts and tax increases.”
TOKYO: Japan’s exports declined in March as shipments to China dropped more than 9 per cent, pulling the nation’s trade surplus sharply lower. The data released Wednesday by the Finance Ministry was more or less in line with forecasts. The report followed two days of trade talks
Despite its 1,300-year history and UNESCO Intangible Cultural Heritage status, washi paper is struggling to attract consumers and the market value has dropped by more than 50 percent in the past two decades.
The Bank of Japan (BOJ) is expected to forecast this week that inflation will remain below its 2 per cent target through the fiscal year that ends in March 2022, sources say, a sign its massive stimulus will stay in place for the foreseeable future.
Japanese businesses with links to Britain say they have no immediate plans to flee the country as its government seeks to hammer out terms of its exit from the European Union, a Reuters poll found. Many said they would take a «wait-and-see» stance toward Brexit.
The Bank of Japan (BOJ) told investors for the first time on Thursday it would keep interest rates at super-low levels for at least one more year, seeking to dispel uncertainty over its commitment to ultra-loose policies as the economy comes under fresh pressure.
Japan has decided to invest Rs13,000 crore (205.784 billion Yen) in several ongoing and new projects in different Northeastern states of India, an official release said in Agartala on Friday.
Japan’s industrial output rose at the fastest pace in more than a year in May on the back of higher car production, suggesting that growth is holding up despite fears manufacturers remain pressured by the US-China trade war.