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Yoshiaki Nohara
Chief Cabinet Secretary Yoshimasa Hayashi said on Wednesday that the Japanese government has raised the issue of auto tariffs with the U.S. government, given the importance of Japan’s automobile industry.
BUSINESS / Economy
Feb 19, 2025
Japan raises auto tariff issue with U.S. as Trump threatens hike
The U.S. president's threat to impose a 25% levy on car imports would likely deliver a big blow to Japan’s economy.
Vehicles bound for shipment at a port in Yokohama. Japan's auto exports to the United States surged 21.8% in January as U.S. President Donald Trump's tariff threats continued to mount.
BUSINESS / Economy
Feb 19, 2025
Japan’s exports rise again ahead of Trump’s tariff measures
Exports measured by value increased 7.2% from a year earlier, led by shipments of cars and ships.
Vehicles bound for shipment at a port in Yokohama. Last year, auto and auto parts made up a third of Japan’s shipments to the United States.
BUSINESS
Feb 14, 2025
Japan begins talks with U.S. to sound out Trump tariff specifics
Trump has singled out Japan and South Korea as nations he believes are taking advantage of the U.S., according to a White House official.
Japanese household consumption in December grew at the fastest pace since August 2022, but it is uncertain whether the gains are sustainable, given wage growth in the month was largely supported by the temporary effect of bonuses.
BUSINESS / Economy
Feb 7, 2025
Japan’s household spending jumps the most since 2022 as wages rise
Outlays adjusted for inflation gained 2.7% in December from a year earlier, according to internal affairs ministry data.
Finance Minister Katsunobu Kato holds a virtual meeting with U.S. Treasury Secretary Scott Bessent last week.
BUSINESS / Economy
Feb 2, 2025
Japan to closely monitor impact on yen of Trump tariffs, Kato says
Kato spoke as the world braces for first salvo in Trump's tariff war, with general levies of 25% on Canada and Mexico and 10% on China.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference at the central bank's headquarters in Tokyo on Jan. 24.
BUSINESS / Economy
Jan 31, 2025
BOJ's Ueda voices confidence conveying rate hike message to market
Ueda said the BOJ’s policy settings are still accommodative after recent rate hikes and that would remain the case as the central bank continues to support the inflation trend.
Consumer prices excluding fresh food in Tokyo climbed 2.5% in January from a year earlier, the fastest pace since last February.
BUSINESS / Economy
Jan 31, 2025
Tokyo inflation hits fastest pace in a year, supporting BOJ view
Consumer prices excluding fresh food in the capital climbed 2.5% in January from a year earlier.
Prime Minister Shigeru Ishiba answers questions during a Lower House plenary session on Monday. Ishiba needs to secure passage of the annual budget to demonstrate he can run policy effectively with his minority government.
JAPAN / Politics
Jan 28, 2025
Japan's opposition DPP to block budget without higher tax allowance
The ruling LDP and Komeito are also negotiating with Nippon Ishin no Kai, who want the government to make school education free for all students.
Japan's exports gained 2.8% in December from a year ago, led by chipmaking machinery and semiconductor parts, government data shows.
BUSINESS / Economy
Jan 23, 2025
Japan’s exports rose in December ahead of anticipated Trump tariffs
Exports measured in value gained 2.8% from a year ago led by chipmaking machinery and semiconductor parts, although shipments fell in terms of volume.
Consumer spending in Japan has been on a downtrend for months.
BUSINESS / Economy
Jan 10, 2025
Japan’s household spending falls, weighing on BOJ rate hike path
Outlays adjusted for inflation fell 0.4% in November from a year earlier, led by household durable goods and clothing.
Consumer prices excluding fresh food rose 2.7% in November from a year earlier driven by higher energy costs.
BUSINESS / Economy
Dec 20, 2024
Japan’s inflation accelerates on energy as BOJ seeks more data
Consumer prices excluding fresh food rose 2.7% in November from a year earlier driven by higher energy costs.
Honmoku pier in Yokohama. While the value of exports has risen, trade is giving limited support to the economy.
BUSINESS / Economy
Dec 18, 2024
Weak yen helps Japan’s exports rise ahead of BOJ meet
Exports measured in value rose 3.8% from a year earlier led by chipmaking machinery and nonferrous metals.
Daishiro Yamagiwa, the chairman of the Liberal Democratic Party's group for semiconductors, says a project to develop a domestic manufacturer of next-generation semiconductors is a battle for the nation's survival.
BUSINESS / Companies
Dec 18, 2024
Japan to support Rapidus even if it delays goal, chip czar says
"We’ve carried out our semiconductor strategy with determination and the Rapidus project is a core part of the strategy,” Daishiro Yamagiwa said.
Akihisa Nagashima, national security adviser to Prime Minister Shigeru Ishiba, speaks during an interview in Tokyo on Thursday.
JAPAN / Politics
Dec 13, 2024
Japan must brace and prepare for Trump tariffs, top adviser says
"Japan must be prepared for Trump following through on his plans,” says Prime Minister Ishiba's national security adviser Akihisa Nagashima.
Japan's economy expanded in the July-September period at a faster pace than initially estimated, with consumer spending relatively solid for a second straight quarter, in a sign that underlying strength may be returning to the economy.
BUSINESS / Economy
Dec 9, 2024
Japan’s economy shows more resilience as BOJ considers hike timing
GDP grew at an annualized pace of 1.2% in the three months through September from the previous quarter.
The United States was Japan’s biggest export destination in 2023 with cars and auto parts making up a third of shipments.
JAPAN / Politics
Dec 6, 2024
Japan eyes talks with Trump that include cutting auto tariffs
Analysts say close personal ties between Trump and late Prime Minister Shinzo Abe played a role in smoothing out trade and diplomatic relations.
Japanese companies' capital expenditure on goods excluding software rose 9.5% year on year in the three months through September.
BUSINESS / Economy
Dec 2, 2024
Japanese firms boost capex in sign of confidence holding up
Expectations are also growing for the Bank of Japan to raise rates sooner rather than later.
Motohisa Furukawa, Democratic Party for the People tax chief, says the Bank of Japan is unlikely to move so quickly in raising rates that the move would have a detrimental impact on public borrowing costs.
BUSINESS / Economy
Nov 28, 2024
BOJ rate hike unlikely to derail budget planning, DPP tax chief says
Democratic Party for the People tax chief Motohisa Furukawa says it is "unthinkable” that the Bank of Japan will hike rates rapidly.
Japan's core inflation held above the Bank of Japan's 2% target in October, keeping pressure on the central bank to raise its still-low interest rates.
BUSINESS / Economy
Nov 22, 2024
Inflation held above BOJ target in October, supporting winter rate hike
Food companies raised the prices of 2,911 items, with processed food prices increasing by 3.8% while rice prices rose 60%.
Former economic revitalization minister Daishiro Yamagiwa has been named the new head of the Liberal Democratic Party's group that promotes semiconductors.
BUSINESS / Economy
Nov 19, 2024
Former minister Daishiro Yamagiwa named to lead LDP semiconductor group
Appointment follows pledge by Prime Minister Shigeru Ishiba of more than ¥10 trillion in fresh public support for chip and artificial intelligence sectors.

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