Trump pressures Japan to deal with trade deficit
NHK -- Sep 08
US President Donald Trump has pressured Japan to reduce its trade deficit with the US.

Trump told reporters on Friday that Japan knows "it's a big deal" if the two countries cannot reach an agreement in trade talks.

Japan and the US began a new round of talks last month, but little progress has been made due to wide differences.

Trump said the only reason he isn't in talks with Japan quite yet is that he's still dealing with China.

Trump's remarks are apparently an attempt to use the threat of higher tariffs on Japanese vehicles, and push Japan to open its agricultural market.

A leading US newspaper reported earlier that Trump is very focused on eliminating trade deficits with US trading partners, and that he is bothered by the current terms of US trade with Japan.

News source: NHK
Mar 26
Tokyo's benchmark Nikkei Average saw its biggest fall of 2019. The drop followed a plunge on Friday on Wall Street that came amid new worries of an economic slowdown. (NHK)
Mar 20
As trade talks between Japan and the US look likely to start soon, and the price of oil drops in Japan, the value of the Yen is increasingly under threat of deflation. (newsonjapan.com)
Mar 20
The average price of all types of land in urban areas rose last year for the first time since 1992 as the growing influx of foreign tourists rejuvenated real estate investment, the government said Tuesday. (Japan Times)
Mar 19
The Japanese economy will likely once again be assessed as "recovering at a moderate pace" in the government's monthly report due out Wednesday, which also will note potential risks from overseas economies. (Nikkei)
Mar 16
Japan will tighten oversight of pay for foreign employees through ordinances issued Friday, aiming to address major concerns over working conditions as the country prepares to accept more labor from abroad starting next month. (Nikkei)
Mar 09
Since the 2008 global financial crisis, expansionary monetary policy has been the order of the day in most of the major advanced economies. (Japan Times)
Mar 08
Chief Cabinet Secretary Yoshihide Suga denied a media report Thursday that the government is considering introducing a minimum wage for specific industrial sectors that would apply to workers nationwide, regardless of where they live. (Japan Times)
Mar 04
The inflation outlook is looking dismal for the Bank of Japan as cheaper oil and falling mobile phone charges threaten to push price growth toward zero by mid-summer. (Japan Times)
Mar 02
Japanese employees and companies are expected to continue shouldering a relatively high ratio of taxes to income. Officials say that on average, 42.8 percent of income will go to taxes and social welfare premiums in fiscal 2019. (NHK)
Feb 26
The Bank of Japan can abandon its 2 percent inflation target or suspend efforts to achieve it once the job market is tight enough because the public is better off having prices fall, not rise, an economic adviser to Prime Minister Shinzo Abe said. (Japan Today)