Investing in Japan this year looks even more eccentric than usual. The architect of the economic reforms that have come closest to getting Japan back on a growth tack, Shinzō Abe, has just stepped down as prime minister after eight years. The spirit of Abenomics may survive but without its […]
Japan
Japan tries to keep its spluttering car industry on the road
Toyota – which has been a laggard in the development of electric cars – made a statement at last year’s Tokyo motor show with boss Akio Toyoda telling the world that the company was becoming a “mobility business”, not a carmaker. It has the cash to back such a pledge, […]
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 […]
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 […]
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 […]
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 a race against time, Japan builds up its cyber forensics
TOKYO — It’s every CEO’s worst nightmare: Invisible invaders rummaging through internal documents, collecting private emails, salaries and even trade secrets. When that sensitive information is made public or falls into the wrong hands, at best it can damage morale — at worst it can cost a company billions of dollars or […]
Bank of Japan stands pat to assess impact of economic support
TOKYO — The Bank of Japan left its main policy tools unchanged after a two-day board meeting on Tuesday, as the central bank saw the need for more time to assess the impact of its credit easing in response to the coronavirus pandemic. The credit easing measures introduced in the […]
Japan aims for top UN positions to counter China’s sway
TOKYO — The Japanese government and the ruling Liberal Democratic Party will centralize planning for executive personnel placements at the United Nations and other international organizations to counter China’s growing influence. The aim is to identify strategically important international posts in fields such as economics and security, and fill them […]
Japan halts anti-missile Aegis Ashore as costs soar past $2bn
TOKYO — Japan’s deployment of the Aegis Ashore missile defense system will be put on hold due to the ballooning price tag and the logistics of rolling out the hardware, the Defense Ministry said Monday. “When considering the costs and the time frame, we have no choice but to decide […]