Japan: Gross domestic product shrank 6.3%
TOKYO — Japan’s economy suffered its biggest contraction in five years in the final quarter of 2019, slowed by a sales-tax hike and a destructive typhoon. Gross domestic product for the world’s third-biggest economy shrank an annualized 6.3% from a … Continue reading Japan: Gross domestic product shrank 6.3%
Automakers concerned about parts shortage
Tokyo – The global auto industry has begun feeling the impact of the coronavirus outbreak as factory shutdowns in China threaten a vital source of parts. As product quality improved in China, Toyota, Honda and Nissan have increased their use of … Continue reading Automakers concerned about parts shortage
China: Outbound Travel Ban effects Asian Destinations
Bangkok/Tokyo – A huge dependence on Chinese tourists sees many Asian countries reeling from China’s move to cancel outbound group trips indefinitely, as part of measures to control the spread of the deadly coronavirus. Among them are Thailand and Japan. The … Continue reading China: Outbound Travel Ban effects Asian Destinations
Abe and Xi start new era of cooperation
Beijing – Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping agreed Monday to step up cooperation for a “new era” of bilateral relations, showcasing a thaw contrasting sharply with Beijing’s fraught ties with the U.S. Xi greeted Abe … Continue reading Abe and Xi start new era of cooperation
Japan has world’s best passport
TOKYO — The Japanese passport was again named as the “world’s most powerful” by a British consultancy this year, but the Japanese themselves seem little interested in taking advantage, with only 23 percent holding passports — a sign that the … Continue reading Japan has world’s best passport