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Tag Archives: TOKYO

Tokyo, Paris MoU start joint inspection campaign to safeguard seafarers

TOKYO: The Maritime Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control have begun a joint Concentrated Inspection Campaign (CIC) on Crew Familiarization for Enclosed Space Entry. The campaign is aimed at ensuring effective procedures and measures are in place to safeguard seafarers on board ships when entering and working in enclosed spaces and ... Read More »

Japanese and S Korean companies pulled out of China due to trilateral free trade pact

TOKYO: Japanese and South Korean companies have pulled out of China in large numbers just as the three countries begin formal talks on a trilateral free trade agreement which may be concluded later this year. The number of Japanese companies moving their manufacturing bases out of China has been on the rise and contract manufacturing in China has fallen from ... Read More »

Japanese business activity index comes at 48.5 in February, down from 51.3 in January 2014

TOKYO: The Japan Business Activity Index has come at 48.5 in February, down from 51.3 in January. Although only moderate, the rate of contraction was quicker than the average since the increase in the sales tax was implemented in April 2014. Meanwhile, latest data highlighted an improvement in operating conditions in the Japanese manufacturing sector. The Composite Output Index posted ... Read More »

Japanese corporate capital expenditures grow in October-December 2014 but pace slows

TOKYO: Japanese corporate capital expenditures have grown in October-December from a year earlier but the pace slowed from the prior quarter, casting doubt about strength of business investment seen as key to spurring growth in the world’s third-largest economy. The 2.8 percent year-on-year increase in capital spending in the fourth quarter followed a 5.5 percent annual gain in July-September, data ... Read More »

Japanese aluminium purchaser agrees to pay producer premium of $380 /tonne

TOKYO: A major Japanese aluminium buyer has agreed to pay a producer premium of $380 per tonne for metal to be shipped in the April-June period, down from the previous quarter, a buyer source directly involved in the quarterly pricing talks said. The deal would mark an 11 percent drop from a record $425 per tonne in January-March and is ... Read More »

Japan’s GDP grows by 2.2% due to exports in fourth quarter of 2014

TOKYO: Japan’s GDP has grown by 2.2 percent in the fourth quarter of 2014 because of exports. Despite an expectation of 3.6 percent growth, many economists believe Japan’s dark days are passing. This news gives Prime Minister Shinzo Abe enough wiggle room to implement more of his growth-based policies, otherwise known as “Abenomics.” Abenomics has “three arrows,” which are structural ... Read More »

Japanese imports of logs from North America go down 10.8% in 2014

TOKYO: Japanese import of North American logs has dropped 10.8% in 2014. It was 3,047 M cbms Log import in 2013 increased by 14% than 2012 due to rush-in import before the consumption tax hike so 2014 volume dropped compared to active import in 2013. In the first half of 2014, Japanese demand was hot and orders increased and the ... Read More »

Japanese police arrest American woman with drug smuggling

TOKYO:  Japanese police has arrested an American woman who remains in a Japanese jail for shipping medication prescribed for her attention-deficit disorder to Japan, where she traveled to teach. Carrie Russell, 26, was arrested in a Tokyo restaurant Feb. 20 and jailed for drug smuggling, after her mother, an Oregon physician, mailed a three-month supply of the medication Adderall to ... Read More »

Japanese police arrest American woman with drug smuggling

TOKYO:  Japanese police has arrested an American woman who remains in a Japanese jail for shipping medication prescribed for her attention-deficit disorder to Japan, where she traveled to teach. Carrie Russell, 26, was arrested in a Tokyo restaurant Feb. 20 and jailed for drug smuggling, after her mother, an Oregon physician, mailed a three-month supply of the medication Adderall to ... Read More »

Japanese shipping, delivery firms thrust services overseas to challenge European, US giants

TOKYO: Japanese freight-shipping and parcel-delivery companies have decided to push services overseas in an effort to challenge the European and U.S. giants that dominate the business. Japan Post Holdings Co. said Wednesday that it had agreed to acquire Australian logistics company Toll Holdings Ltd. for $5.1 billion. A day earlier, Kintetsu World Express Inc., a Japanese airfreight operator, said it ... Read More »

Japanese shipping, delivery firms thrust services overseas to challenge European, US giants

TOKYO: Japanese freight-shipping and parcel-delivery companies have decided to push services overseas in an effort to challenge the European and U.S. giants that dominate the business. Japan Post Holdings Co. said Wednesday that it had agreed to acquire Australian logistics company Toll Holdings Ltd. for $5.1 billion. A day earlier, Kintetsu World Express Inc., a Japanese airfreight operator, said it ... Read More »

Japanese business sentiment edges up, as economy bounces from fall

TOKYO: Japanese business sentiment has edged up in February and it is seen improving further, an underlining the economy’s gradual recovery from a slump although companies remain wary about sluggish demand. which closely tracks the Bank of Japan’s key tankan survey – backs this week’s GDP report which confirmed the economy pulled out of a recession, although annualised growth was ... Read More »

Japanese industrial output increases as retail, inflation slow

TOKYO: Japanese industrial output has increased the most in more than three years while retail sales slid and inflation slowed, underscoring strength in export industries and weak domestic demand. Production jumped 4 percent last month from the previous month, exceeding forecasts with the biggest gain since June 2011, according to trade ministry data. Retail sales fell 1.3 percent, household spending ... Read More »

Japanese prime minister says may delay second sales tax increase if catastrophe occurs

TOKYO: Japanese Prime Minister Shinzo Abe has said the government may further delay another sales tax increase if an unexpected event such as another global financial crisis or a huge earthquake occurs. Abe, speaking to parliament, said a sales tax hike to 8 percent from 5 percent last April weighed on people’s minds. “Consumer sentiment was surely dampened,” Abe said. ... Read More »

Japanese importers deal with U.S. product shortages

TOKYO: Japanese importers have switched from buying U.S. commodities or shipped them by air or through alternative ports to get around shortages caused by the West Coast dockworker dispute. “The problem has become worse as the slowdown continued and inventories within Japan have been depleted,” said Jeff McNeil, president of the Tokyo-based marketing company Market Makers. The company represents the ... Read More »

Japanese shipping, delivery firms thrust services overseas to challenge European, US giants

TOKYO: Japanese freight-shipping and parcel-delivery companies have decided to push services overseas in an effort to challenge the European and U.S. giants that dominate the business. Japan Post Holdings Co. said Wednesday that it had agreed to acquire Australian logistics company Toll Holdings Ltd. for $5.1 billion. A day earlier, Kintetsu World Express Inc., a Japanese airfreight operator, said it ... Read More »

Japan’s seaweed harvesters lose out on growth plans

TOKYO: Japan’s seaweed harvesters have missed out on growth plans. Seaweed harvesting is the city’s biggest industry. Futtsu is less than two hours’ drive away from the capital Tokyo, but despite this the locals – mainly fishermen – feel left behind by the recent economic upturn. Prime Minister Shinzo Abe’s programme of economic stimulus – nicknamed “Abenomics” – seems to ... Read More »

Japanese shipping, delivery firms thrust services overseas to challenge European, US giants

TOKYO: Japanese freight-shipping and parcel-delivery companies have decided to push services overseas in an effort to challenge the European and U.S. giants that dominate the business. Japan Post Holdings Co. said Wednesday that it had agreed to acquire Australian logistics company Toll Holdings Ltd. for $5.1 billion. A day earlier, Kintetsu World Express Inc., a Japanese airfreight operator, said it ... Read More »

Japanese importers deal with U.S. product shortages

TOKYO: Japanese importers have switched from buying U.S. commodities or shipped them by air or through alternative ports to get around shortages caused by the West Coast dockworker dispute. “The problem has become worse as the slowdown continued and inventories within Japan have been depleted,” said Jeff McNeil, president of the Tokyo-based marketing company Market Makers. The company represents the ... Read More »

Japanese shipping, delivery firms thrust services overseas to challenge European, US giants

TOKYO: Japanese freight-shipping and parcel-delivery companies have decided to push services overseas in an effort to challenge the European and U.S. giants that dominate the business. Japan Post Holdings Co. said Wednesday that it had agreed to acquire Australian logistics company Toll Holdings Ltd. for $5.1 billion. A day earlier, Kintetsu World Express Inc., a Japanese airfreight operator, said it ... Read More »