Tag: Japan

After leaving PHL, powerful typhoon Trami batters Okinawa, churns to Japan mainland

  by Quentin Tyberghien/ Behrouz Mehri Agence France Presse SHIBUSHI, Japan (AFP) — A powerful typhoon pummelled Japan’s southern island of Okinawa Saturday, injuring at least 17, as weather officials warned the storm would rip through the Japanese archipelago over the weekend. Typhoon Trami, packing maximum gusts of 216 kilometres (134 miles) per hour near its centre, was forecast to hit the mainland early Sunday and cause extreme weather across the country into Monday. Television […]

Very strong’ typhoon Trami churns towards Japan

TOKYO, Japan (AFP) — A large, very strong typhoon churned towards Japan Friday, with the weather agency warning the storm would rip through the nation over the weekend, bringing violent winds and torrential rain. Typhoon Trami, packing gusts of a maximum 162 kilometers (100 miles) per hour near its center, was in the Pacific spiraling slowly towards Japan’s southern islands. “As it is forecast to go across Japan at a high speed, we are urging […]

Japan’s jobless rate down, factory output up in August

TOKYO, Japan (AFP) — Japan’s unemployment rate fell while factory output rose for the first time in four months in August — a sign the world’s third-largest economy is on a path of gradual recovery. The jobless rate stood at 2.4 percent in August, down slightly from 2.5 percent the previous month, the internal affairs ministry said. The figure — slightly lower than market expectations of 2.5 percent — is the first improvement in two […]

Trump, Japan announce start of trade negotiations

UNITED NATIONS, United States (AFP) — US President Donald Trump and Japan’s Prime Minister Shinzo Abe announced an agreement to start negotiations on a trade deal Wednesday, dampening the prospect of Washington imposing tariffs against another trading partner. After talks in New York on the sidelines of the United Nations General Assembly, the two leaders issued a joint statement about talks to produce “early” results, without giving any firm details on a timetable. Although the […]

Tokyo stocks open lower on investor caution

TOKYO, Japan (AFP) — Tokyo’s benchmark stock index opened lower on Tuesday as investors turned cautious after six days of gains and waited for the outcome of Japan’s trade talks with the United States. The key Nikkei 225 index, which ended last week at its best level since January, slipped 0.19 percent or 44.56 points to 23,825.37 in early trade while the broader Topix index was up 0.07 percent or 1.33 points at 1,805.35. “Selling […]

Trade wars: Is Trump lining up Japan next?

by Anne BEADE Agence France Presse TOKYO, Japan (AFP) — While the US takes aim at China, Canada and Mexico over perceived trade imbalances, Japan has kept a low profile, hoping Prime Minister Shinzo Abe’s friendship with golf buddy Donald Trump will keep Tokyo out of the firing line. But as Abe and Trump prepare to hold talks that will touch on trade frictions, there are signs Japan could be next in the US president’s […]

Japan inflation edges up but way below target in August

TOKYO, Japan (AFP) — Prices in Japan edged up modestly in August, according to government data on Friday, as the world’s third-largest economy continues its years-long battle with deflation. Inflation stood at 0.9 percent year-on-year in August, still far below the Bank of Japan’s two-percent target, even though slightly higher than 0.8 percent in July and June and 0.7 percent in May. The latest figure was in line with market consensus. With fresh food and […]

$60 million in virtual currency hacked in Japan

TOKYO, Japan (AFP) — Digital currency worth around 6.7 billion yen ($60 million) has been stolen in Japan following a hacking attack, a virtual exchange operator said on Thursday. Osaka-based Tech Bureau, which operates virtual currency exchange Zaif, said its server had been illegally accessed and money transfered. “We decline to comment on the details of how this illegal access occurred, as it is a crime and we’ve already asked the authorities to investigate,” Tech […]

Japan trade surplus with US shrinks for second month

TOKYO, Japan (AFP) — Japan’s sensitive trade surplus with the United States shrank sharply for the second consecutive month, according to official data published Wednesday, as Tokyo nervously eyes Washington’s trade war with China. The surplus came in at 455.8 billion yen ($4.05 billion) in August, as the rise in US aerospace, natural gas and coal imports outpaced Tokyo’s exports of pharmaceutical and construction products. US President Donald Trump has reportedly cited Japan as his […]

Abe eyes new term, reform of Japan’s pacifist constitution

by Richard CARTER Agence France Presse TOKYO, Japan (AFP) — Shinzo Abe is poised to win a third term as head of his political party on Thursday, putting him on track to become Japan’s longest-serving premier and realize his dream of reforming the constitution. Polls show Abe, 63, is expected to romp to victory in a two-horse race for the leadership of his conservative Liberal Democratic Party (LDP) that will effectively hand him three more […]

Over 28% of Japanese population officially old: government

TOKYO, Japan (AFP) — More than 28 percent of Japan’s population is now officially classified as elderly according to government data, the highest rate in the world as the first wave of postwar baby boomers enter old age. Those aged 65 or older now make up a record 35.6 million, or 28.1 percent of the total population, the government said Sunday. The proportion is the highest by far in the world, ahead of 23.3 percent […]

Japan conducts first submarine drill in disputed South China Sea: media

TOKYO, Japan (AFP) — Japan has carried out its first submarine drill in the South China Sea, a newspaper said Monday, a move that could provoke Beijing which claims most of the disputed waters. Submarine Kuroshio on Thursday joined three Japanese warships in waters just southwest of the China-controlled Scarborough Shoal, the Asahi Shimbun said. China claims most of the resource-rich South China Sea, through which $5 trillion in shipping trade passes annually, despite competing […]