The Bank of Japan downgraded its estimates for eight of the country’s nine local economies due to a renewed rise in coronavirus cases and supply chain constraints. Economic recovery in the eight regions, including Tokyo and Saka, showed some signs of slowing, according to the quarterly regional economic report. The report also showed that companies […]
Tag: Japan
Japan deports eight Russian diplomats – bans imports of Russian coal
LAST UPDATE: 12:43 Japan announced today that it was deporting eight Russian diplomats and officials to express its outrage at the deaths of many civilians in Ukraine, calling Moscow’s actions “absolutely unacceptable.” The deportations came as many European countries have already taken similar action, increasing pressure on Russia following allegations of war crimes allegedly committed […]
Japan: Shows current account surplus
Japan’s current account surplus resurfaced in February from a second-month deficit last month, offering some relief to policymakers amid deteriorating fundamentals. Rising fuel costs and weak yen have widened Japan’s trade deficit in recent months, offsetting higher investment returns and pushing the country’s current account deficit into deficit. The third largest economy in the world […]
Japan will cut coal imports from Russia
The Japanese government has announced that it will gradually reduce and eventually cut off coal imports from Russia, while imposing further sanctions on Moscow in retaliation for the war in Ukraine, in coordination with its allies in the West. Japanese Industry Minister Koichi Hagiuda explained to the press that Tokyo will gradually reduce Russian coal […]
N. Dendias to Visit Japan – Emphasis on Defending International Law
Foreign Minister Nikos Dendias will travel to Tokyo early next week (April 12-13), where he is expected to meet with his Japanese counterpart Hayasi Yoshimasa, members of the Japan-Greece Parliamentary Friendship Group, chaired by the former Foreign Minister Taro Kano, as well as members of the Greek business community. According to diplomatic sources, the contacts […]
Japan today welcomed 20 Ukrainian refugees
Japan, which is reluctant to accept foreigners, today welcomed 20 Ukrainian refugees who escaped the war and arrived at Tokyo airport on a Japanese government plane. The refugees – aged 6 to 66, including 15 women – fled to Poland after the Russian invasion of Ukraine and arrived in Tokyo with Japanese Foreign Minister Yoshimasa […]
Japan: Sanctions on Russia will continue until a peace agreement is reached
Sanctions against Russia will continue to rise until a peace deal with Ukraine becomes clear, Japanese Commerce Minister Koichi Hagiuda told the NHK national broadcaster today, according to Bloomberg. Together with other countries, Japan will consider what other measures can be taken to further contain the Russian economy, which has already been paralyzed by a […]
Japan: Climate deteriorates in manufacturing
The climate between Japan’s major manufacturing companies deteriorated in the quarter to March, for the first time in two years, reflecting concerns about the war in Ukraine and higher energy and raw material prices. The key climate index stood at +14 points from 17 points in the previous survey in December, according to the Bank […]
Japan: Tokyo to respond appropriately to release of strategic oil reserves
Japan will react appropriately to the release of strategic oil reserves, while closely monitoring global developments, as the Minister of Industry said today, before the conference of the member states of the International Energy Agency (IEA) scheduled for later today. US President Joe Biden announced yesterday the largest release of oil from US strategic reserves, […]
Japan does not withdraw from Russian gas pipeline project
Japan does not intend to withdraw from a major gas project involving Russia, although it has imposed severe sanctions on Moscow over its invasion of Ukraine, Japanese Prime Minister Fumio Kishida said today. Japan, which is heavily dependent on energy imports to meet its needs, is trying, like other countries, to find a balance between […]
