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April 04, 2025
 

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TARIFFS

U.S. President Donald Trump unveils new U.S. tariffs at the White House in Washington on Wednesday.
BUSINESS / Economy
Apr 3, 2025
Japan promises 'bold and speedy' response to Trump’s surprise 24% tariffs
The duty rate for Japanese products is the "worst among the scenarios that had been imagined" by the market.
Suntory President Nobuhiro Torii says the company has the option of simply changing the target market if prices of Hibiki and Yamazaki become up too high for U.S. consumers.
BUSINESS / Companies
Apr 3, 2025
Suntory may shift focus to Japan, Asian markets to counter U.S. tariffs
Its president, Nobuhiro Torii, says it has the option of simply changing the target market if prices for its whiskeys become too high for American consumers.
U.S. President Donald Trump delivers remarks and signs tariffs in the Rose Garden of the White House, in Washington, on Wednesday.
BUSINESS / Economy
Apr 3, 2025
With Trump’s tariffs, the chasm between allies and the U.S. widens
Trump’s plan, which he unveiled on Wednesday and is calling "reciprocal,” would impose a wave of tariffs on dozens of countries.
Trump tosses a MAGA hat to the crowd during an event in which he unveiled new tariffs in the White House on Wednesday.
BUSINESS / Economy
Apr 3, 2025
Trump unveils 10% global tariff, with Japan levy set at 24%
The higher "reciprocal” rates are based on a government tally of levies and nontariff barriers that countries impose on U.S. goods.
Japan’s stocks plunged after U.S. President Donald Trump slapped the nation with a 24% levy as part of tariffs on trading partners worldwide.
BUSINESS / Markets
Apr 3, 2025
Japan’s stocks slump on Trump’s 24% tariffs and stronger yen
The Topix Index fell 4% to 2,544.41 as of 9:12 a.m. Tokyo time, while the blue-chip Nikkei declined 4.1% to 34,281.76.
New vehicles parked at a pier in Yokohama on Wednesday.
BUSINESS / Companies
Apr 2, 2025
'Give me a break': Trump tariffs threaten Japan auto sector
The 5.6 million people employed directly or indirectly in the auto sector are now fearful about their future.
Japanese cars awaiting export at a port in Yokohama. The United States will start collecting new 25% import duties on cars and car parts from Thursday.
BUSINESS / Economy / FOCUS
Apr 2, 2025
Japan has some cards to play in trade war with the United States 
It could offer voluntary restraints on exports, or it could offer to buy more from the U.S. in order to reduce the trade surplus with that country.
Bank of Japan Gov. Kazuo Ueda told parliament on Wednesday that new U.S. tariffs could have a large impact on trade activities among nations, depending on their size and the area they cover.
BUSINESS / Economy
Apr 2, 2025
U.S. tariffs could have big impact on global trade, BOJ chief says
Gov. Kazuo Ueda also underlined the potential of such tariffs affecting households and business sentiment, which would go on to influence overall spending.
U.S tariffs on Vietnam would force Nike, one of several sportswear brands heavily reliant on the Southeast Asian nation as a production site, to absorb higher costs or hike its prices at a time when it is already discounting some items to clear inventory.
BUSINESS / Markets
Apr 2, 2025
U.S. tariffs on Vietnam would be a blow to Nike and other sportswear brands
Vietnam is a hub for high-tech running shoes, sportswear and outdoor apparel, with brands seeking to reduce exposure to China.
White House press secretary Karoline Leavitt holds a press briefing, as headlines from articles on U.S. President Donald Trump's tariffs are displayed, at the White House in Washington on Tuesday.
BUSINESS / Economy
Apr 2, 2025
White House says Trump to go ahead with tariffs as nervous world awaits trade war
White House spokeswoman Karoline Leavitt said reciprocal tariffs on countries that impose duties on U.S. goods would take effect immediately after Trump announces them.
U.S. President Donald Trump speaks during an executive order signing ceremony in the Oval Office of the White House on March 6.
BUSINESS / Economy
Apr 1, 2025
Trump says he will be 'kind' with tariffs as deadline looms
The U.S. president promised to be "very kind" in addressing what he says are unfair trade imbalances — including with top allies such as Japan.
The Bank of Japan's tankan survey indicates that large business are still positive on their prospects.
BUSINESS / Economy
Apr 1, 2025
Japanese businesses maintain optimism ahead of looming tariff storm
In the BOJ's latest tankan survey, the headline index for big manufacturers was 12, which indicates confidence in the business outlook.
Liberal Democratic Party policy chief Itsunori Onodera said on Tuesday that tariffs announced by the U.S. could result in a big economic crisis for Japan.
BUSINESS / Economy
Apr 1, 2025
Trump tariffs may spell economic crisis for Japan, Onodera says
Auto tariffs in particular would have a huge impact given the breadth of the sector's supply chain in the country, the Liberal Democratic Party's policy chief says.
America’s economic exceptionalism has traditionally been driven by its deep capital markets, culture of risk-taking, history of innovation and the dollar’s status as the world’s primary reserve currency.
COMMENTARY / World
Apr 1, 2025
Is this really how American exceptionalism ends?
Uncertainty around trade and the future strength of the dollar has led some big European investors to retreat from American stocks.
Empty shelves with "Buy Canadian Instead" signs are seen in the American Whiskey section of the BC Liquor in Vancouver, British Columbia, on March 10.
BUSINESS / Economy
Apr 1, 2025
As ‘Buy Canadian’ grows, more U.S. firms say retailers turning away products
A dramatic reshuffling of Canada's retail shelves illustrates the impact of patriotic consumerism in the country.
Factory output in February marked the fastest gain since March last year thanks to strong demand before the U.S. implements new tariffs on autos and auto parts.
BUSINESS / Economy
Mar 31, 2025
Japan production rises most in 11 months ahead of new U.S. tariffs
Factory output increased in February by 2.5% from January, the first advance in four months and marking the fastest gain since March last year.
Economy, Trade and Industry Minister Yoji Muto (left), South Korean Trade Industry and Energy Minister Ahn Duk-geun (center) and Chinese Commerce Minister Wang Wentao during a trilateral meeting in Seoul on Sunday
BUSINESS
Mar 30, 2025
Japan, South Korea and China vow to strengthen trade ties amid looming U.S. tariffs
The meeting came ahead of U.S. President Donald Trump’s expected announcement of a new round of tariffs on Wednesday.
Oil pipelines in Alaska. U.S. President Donald Trump wants Japan, South Korea and Taiwan to join a $44 billion natural gas export project.
BUSINESS
Mar 29, 2025
Alaska governor to brief Trump on Asia gas push as tariffs bite
Gov. Mike Dunleavy is winding up a trip through Asia where he has been seeking investors and long-term buyers.
Canadian Prime Minister Mark Carney greets colleagues after at a news conference at the Port of Montreal in Montreal on Friday.
WORLD
Mar 29, 2025
Trump and Carney talk about new deal and plan meeting after Canada election
The Canadian election campaign has turned into a contest in which U.S. threats against Canada’s economy and sovereignty have become the dominant issue.
Prime Minister Shigeru Ishiba emphasizes the need to consider measures to help Japanese companies with financing while the government tries to grasp the entire scope of the impact on the nation’s key industry.
BUSINESS / Economy
Mar 28, 2025
Ishiba pledges measures to protect jobs from Trump’s car tariffs
Ishiba emphasized the need to consider measures to help Japanese companies with financing while the government tries to grasp the entire scope of the tariffs' impact.
As ‘Buy Canadian’ grows, more U.S. firms say retailers turning away products
Empty shelves with "Buy Canadian Instead" signs are seen in the American Whiskey section of the BC Liquor in Vancouver, British Columbia, on March 10.
U.S. tourist arrested after bringing a handgun into Japan
Hyogo police believe the handgun a U.S. tourist inadvertently brought into Japan slipped through security procedures at Kansai International Airport in Osaka Prefecture.
Trump unveils 10% global tariff, with Japan levy set at 24%
Trump tosses a MAGA hat to the crowd during an event in which he unveiled new tariffs in the White House on Wednesday.
Meiji says sayonara to bottled milk, a staple of Japan's bathhouses
Meiji bottled milk lined up in a fridge at Kosugiyu, a bathhouse in Tokyo. The sticker urges patrons to enjoy the milk one last time before it’s gone.
Japan’s leader didn’t read the job description
Prime Minister and ruling Liberal Democratic Party leader Shigeru Ishiba is facing a political funding scandal that has damaged his reputation and sparked speculation that internal efforts to remove him are underway.
Haruki Murakami TV adaptation revisits 30 years of watershed moments
Though Haruki Murakami's trademark whiff of offbeat existentialism is threaded throughout NHK's "After the Quake," the final episode — conceived as a sequel to the story "Super-Frog Saves Tokyo" — is the most stylized, featuring an anthropomorphic talking frog (voiced by Non) and his erstwhile associate Katagiri (Koichi Sato).
A new human trafficking trend emerges from Myanmar scam centers
Victims of scam centers who were tricked or trafficked into working in Myanmar gather at a compound inside KK Park, a fraud center on the country's border with Thailand, after a multinational crackdown in February.
Meiji says sayonara to bottled milk, a staple of Japan's bathhouses
Meiji bottled milk lined up in a fridge at Kosugiyu, a bathhouse in Tokyo. The sticker urges patrons to enjoy the milk one last time before it’s gone.
A Canadian made a weekend trip to Costco a Japanese pastime
Under the watchful eye of Ken Theriault, Costco representative director and Japan country manager, the American membership-model wholesaler has flourished in Japan.
On defense, Japan may avoid Trump's worst impulses — for now
Defense Minister Gen Nakatani and U.S. Secretary of Defense Pete Hegseth chat after reviewing an honor guard during a welcome ceremony at the Defense Ministry in Tokyo on Sunday.

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By Johan Brooks

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