Latest news with #経済
Bloomberg
27-06-2025
- Automotive
- Bloomberg
Japan Braces for Further Pain From US Tariffs, Pledges Support
Japan will take additional action to ease the impact of US tariffs on the auto sector as needed and 'without hesitation,' its economy minister says. Original Story: 武藤経産相：追加的対応が必要と判断すれば躊躇なく行う－自動車関税
South China Morning Post
12-06-2025
- Business
- South China Morning Post
Ishiba says won't forgo Japan's interests for quick trade deal with Trump
Japanese Prime Minister Shigeru Ishiba said he will not rush into a trade deal with the US that would hurt the nation's interests, while an opposition party head said the premier still sees a large gap in stances between the two nations. Ishiba is expected to meet US President Donald Trump on the sidelines of the Group of Seven leaders gathering in Canada starting on Sunday, but Ishiba said the time and date for the bilateral has not been set. 'If there's progress before I meet the president, that's in and of itself good,' Ishiba told reporters in Tokyo on Thursday. 'But what's important is to achieve an agreement that's beneficial to both Japan and the US. We will not compromise Japan's interests by prioritising a quick deal.' The prime minister spoke following a gathering with opposition party leaders to discuss US tariffs. After the closed meeting, Japan Innovation Party co-leader Seiji Maehara told the press that Ishiba said there is a large gap in stances between the United States and Japan The coming summit gathering in Canada is viewed as a potential moment for Japan and the US to reach some kind of an agreement after two months of back and forths. Failing to get any kind of deal there could worsen Ishiba's standing ahead of a national election next month as the tariffs threaten to push Japan's economy into a technical recession. Ishiba said he cannot say how far the negotiations have progressed, and that he does not have a timeline for when an agreement may come, Maehara said.
NHK
16-05-2025
- Business
- NHK
Japan firms exit Myanmar amid conflict, worsening economy
Japanese companies are pulling out of Myanmar after the military coup four years ago led to worsening violence and disrupted the economy. Trading houses Sumitomo Corporation and Toyota Tsusho say they have started procedures to liquidate a joint venture set up in 2019 to manage a port in the country. The port is next to the Thilawa Special Economic Zone on the outskirts of Yangon, Myanmar's largest city. Sumitomo and Toyota Tsusho say they made the decision because the business environment has worsened since the military coup. International human rights groups have criticized the port project. They allege a local logistical company that is a partner in the venture has ties with the military. Other Japanese companies left Myanmar earlier. Beverage maker Kirin Holdings ended its beer business in the country in 2023. Japanese oil wholesaler Eneos Holdings also pulled out of an oil and natural gas development project in Myanmar in the same year.
Bloomberg
16-05-2025
- Business
- Bloomberg
Japan Aims for Currency Talks With US Based on Past Dialogue
Japanese Finance Minister Katsunobu Kato said he'll seek another opportunity to talk with his US counterpart Scott Bessent next week to discuss currency matters, building on their dialogue last month. 'We confirmed that currency rates should be determined by the market, and that excessive volatility can harm the economy and financial stability,' Kato said Friday at a post-cabinet meeting press conference, referring to his April bilateral meeting with the US Treasury secretary in Washington. 'I'm looking for a chance to speak with Bessent again next week to discuss these points, if the circumstances allow,' Kato added.
