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Between 1960 and 1964, Japan incurred annual trade deficits (based on a customs clearance for imports) ranging from US$400 million to US$1.6 billion. The era of chronic trade deficit ended in 1965, and by 1969, with a positive balance of almost US$1 billion, Japan was widely regarded as a surplus trading nation.
Items such as eyeglasses, clocks, firearms, and artillery were in high demand in Japan, and trade began to flourish between the Japanese and Europe. With the exchange of goods came the exchange of ideas as well. Christian missionaries, such as Francis Xavier, were among the first to travel to Japan to teach Catholicism.
Sakoku (鎖国 / 鎖國, "chained country") is the most common name for the isolationist foreign policy of the Japanese Tokugawa shogunate under which, during the Edo period (from 1603 to 1868), relations and trade between Japan and other countries were severely limited, and almost all foreign nationals were banned from entering Japan, while common Japanese people were kept from leaving the ...
Japan suffered a trade deficit last month as exports sank for the first time in more than two years, dragged down by a slowdown overseas. Japan’s trade deficit totaled 78.7 billion yen ($539 ...
On 17 May 2019, the United States and Japan struck a trade deal to lift the beef import ban, clearing the way for U.S. products to enter the market regardless of age. U.S. agriculture secretary Sonny Perdue hailed the trade deal, stating "This is great news for American ranchers and exporters who now have full access to the Japanese market for their high-quality, safe, wholesome, and delicious ...
Japan racked up a trade deficit of 294.3 billion yen ($2 billion) in September, according to Finance Ministry data released Thursday, as exports fell to key destinations like China. For the first ...
China is now Japan's largest export market, surpassing the U.S. despite a drop in overall trade, according to recent figures from the Japan External Trade Organization. Japan's exports to China fell 25.3% during the first half of 2009 to $46.5 billion, but due to a steeper drop in shipments to the U.S., China became Japan's largest trade ...
Japan would welcome the European Union's lifting of restrictions on food imports imposed after a 2011 nuclear accident triggered by a major earthquake and tsunami, a government spokesperson said ...