Japan

Japan auto industry teams up for maximum benefit from trade deals

TOKYO — Toyota Motor, Honda Motor, Denso and six other Japanese automotive companies will cooperate in applying for reduced tariffs under free trade agreements Japan has signed with other countries and territories, Nikkei has learned.

Exports to economies which have free trade or economic partnership agreements with Japan are qualified for reduced tariffs under specific conditions, but the research required to apply can take as long as 11 months, thus delaying the start of the benefits and costing companies money.

By introducing a unified application system, the auto and parts makers are aiming to shorten the process to about seven

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Japan automakers team up for maximum benefit from trade deals

TOKYO — Toyota Motor, Honda Motor, Denso and six other Japanese automotive companies will cooperate in applying for reduced tariffs under free trade agreements Japan has signed with other countries and territories, Nikkei has learned.

Exports to economies which have free trade or economic partnership agreements with Japan are qualified for reduced tariffs under specific conditions, but the research required to apply can take as long as 11 months, thus delaying the start of the benefits and costing companies money.

By introducing a unified application system, the auto and parts makers are aiming to shorten the process to about seven

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Japan plans to set up virus testing center for travelers: Abe

TOKYO — Japanese Prime Minister Shinzo Abe said on Thursday the government was considering setting up a new coronavirus testing facility dedicated to overseas travelers, as he stressed the need to reopen borders to business and trade.

“The present state of ‘isolation’ has an enormous impact at a time of globalization, especially on a country like Japan that depends on international trade,” said Abe at a news conference held at the end of the Diet session. “We have decided to open borders first to business travelers from countries that have contained the virus.”

The idea of establishing a new polymerase

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Japan stuck with $1.6bn bill after scrapping Aegis Ashore system

TOKYO — As Japan prepares to officially halt deployment of the Aegis Ashore missile defense system, it faces the question of what to do about previously signed contracts with the U.S. worth 70% of its estimated total procurement costs.

Defense budgets through fiscal 2019 included 173.2 billion yen ($1.6 billion) in related contracts. Japan has signed a $320 million-plus contract with Lockheed Martin for radar systems, while the physical installations are being purchased through the U.S. government.

The total cost of planned procurements for the two batteries, including the radars and other components such as launch equipment, comes to about

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