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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 ...
Japanese domestic market trucks, or 'surplus trucks' after being phased-out in Japan, are extremely popular in the Philippines such as Isuzu Elf, Isuzu Forward, Isuzu Giga, Mitsubishi Canter, Mitsubishi Fuso Super Great & Hino Profia since they are popularly cheaper than buying a brand-new Japanese trucks which are locally distributed and even ...
In 1971 the surplus reached US$4.3 billion, and its rapid increase was a main factor behind the United States decision to devalue the dollar and pressure Japan to revalue the yen—events that led quickly to the end of the Bretton Woods System of fixed exchange rates. By 1972 Japan's surplus had climbed to US$5.1 billion, despite the ...
Before the ban, China was the biggest market for Japanese seafood exports. Japan's exports of agricultural, forestry and fishery products in the first half of 2024 fell for the first time since ...
The stock market is not the economy—just look at what’s happening in Japan. Japan’s equity markets broke a record on Thursday, when the Nikkei 225 closed at 39,098.68.
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 ...
Yet with Japanese long-term inflation expectations moving closer to the 2 percent target, the Bank of Japan's zero-interest rate policy (ZIRP) – and Japan's negative real bond yields – will ...
MITI worked closely with Japanese business interests, and was largely responsible for keeping the domestic market closed to most foreign companies. MITI lost some influence when the switch was made to a floating exchange rate between the United States dollar and yen in 1971. Before that point, MITI had been able to keep the exchange rate ...