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Feb 27

60% of animal cafes in Japan harbor species restricted by international trade laws, study finds

Some 60% of animal cafes in Japan contain exotic species restricted by international trade laws, raising fears that their popularity may not just threaten their conservation, but may also heighten the risk of animal-borne diseases, a recent study found. There were 137 such cafes as of 2019, with the popularity of the businesses and demand for the animals potentially triggering overhunting in their native habitats, according to the study by institutions including France’s Sorbonne University and the non-governmental organization Traffic, Read Full Details…

Feb 26

Pressure on Kishida to boost economy after nominating new BOJ chief

TOKYO – After naming his choice for the Bank of Japan’s next governor, who is expected to pave the way for an eventual normalization of monetary policy, Prime Minister Fumio Kishida is likely to be urged to take steps to boost the flagging economy to prepare for such a transition. Should the central bank try to taper its purchases of government bonds, long-term interest rates would rise and debt prices fall. That would discourage companies and households from borrowing and Read Full Details…

Feb 21

Japan’s clothing imports up 21.6% to 308,847 mn yen in Jan 2023

Japan’s clothing and accessories imports increased by 21.6 per cent to 308,847 million yen (approximately $2,301.96 million) in January 2023, accounting for 3.1 per cent of the total imports of 10,047,783 million yen during the period under review, according to the provisional trade statistics released by the Far Eastern country’s ministry of finance.The imports of textile yarn and fabric were valued at 101,826 million yen in January 2023, a 5.6 per cent increase from the same period last year. Yarn Read Full Details…

Feb 16

Japan logs record merchandise trade deficit in Jan as export growth slows

TOKYO (Reuters) – Growth in Japan’s merchandise exports slowed sharply in January amid weakening Chinese demand for cars and chipmaking machinery, stoking concern about a global slowdown and creating the country’s largest trade deficit on record. Trade figures issued on Thursday followed weaker-than-expected gross domestic product data, underscoring the challenge for the Bank of Japan in achieving growth led by private demand while stably sustaining inflation above 2%. Aggressive interest rate rises in other advanced economies have cooled demand for Read Full Details…

Feb 06

Japanese Tea Companies Eye Overseas Markets As Domestic Consumption Declines

The Japanese tea industry is focusing on expanding overseas sales channels due to a decline in domestic consumption amid the novel coronavirus pandemic. Major production areas, such as Kyoto Prefecture, are undertaking new initiatives in sales and production: In February last year, a seminar about Japanese tea was held in Hollywood, Calif. Akio Matsumoto, a sommelier at a Japanese restaurant in New York, explained to attendees from companies that operate local restaurants that new dining experiences can be offered by Read Full Details…

Feb 06

Japan’s curbs on chip machinery export to China is self-defeating deed: experts

The Japanese government’s move of proactively following the US’ lead by being part of Washington’s “tech decoupling” from China will put its enterprises, which are trying to expand in the world’s largest semiconductors market, in the crosshairs, experts told the Global Times. There are reports that Tokyo plans to start restricting exports of advanced semiconductor manufacturing equipment to China this spring, though the reported regulation will not mention China specifically. The curbs will come after the Japanese government amends a Read Full Details…

Jan 28

Japan Bets Big on Bringing Semiconductor Manufacturing Home

TOKYO—To get back some of the high-tech mojo that made it an economic powerhouse, Japan is launching an ambitious program to bring back cutting-edge semiconductor manufacturing, a field it ceded to Taiwan, South Korea, and China nearly 20 years ago. But will this new campaign at state-backed industrial policy succeed, and more importantly, is it even the right goal? The new initiatives are part of a broader strategy of greater “economic security” under Prime Minister Fumio Kishida’s administration, a need Read Full Details…

Jan 21

Slumping China-bound Japanese exports raise fears of global downturn

Japan’s export growth slowed sharply in December as China-bound shipments fell for the first time in seven months, stoking fears of further slowdown in the global economy and external demand for Japanese shipments. Exports rose 11.5% year-on-year in December after a gain of 20% in November, marking the slowest growth since the start of 2022, dragged down by a fall-off in sales to China of cars, auto parts and chip-making machinery, Ministry of Finance (MOF) data showed on Thursday. The Read Full Details…

Jan 21

Japan’s clothing imports up 18.6% to 258,588 mn yen in Dec 2022

The imports of clothing and accessories by Japan increased by 18.6 per cent year-on-year to 258,588 million yen ($2,009.90 million) in December 2022. They were 2.5 per cent of the total imports of 10,235,704 million yen during the period under review, according to the provisional trade statistics released by the Far Eastern country’s ministry of finance. The imports of textile yarn and fabric were valued at 100,215 million yen in December 2022, which was 14.1 per cent higher than the Read Full Details…