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Once again, rapid export growth and stagnant imports returned Japan quickly to surplus by 1981. For the next five years, Japan's trade surplus grew explosively, to a peak of US$82.7 billion in 1986. This unprecedented trade surplus resulted from the moderate annual rise in exports and the drop in imports noted earlier.
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 ...
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 ...
On August 29, Japan approved the first export materials since South Korea's removal from the most-favored trade status. There is a shipment of a Hydrogen fluoride, whose the materials exported for the first time since Japan tightened its exports. The main recipient of the material is Samsung Electronics. [102] But Japan refused to confirm the ...
That made tourism Japan’s second-largest “export ... all restrictions in April 2023. Tourists in Japan now have a lot of spending power, as the yen hits record lows against the U.S. dollar ...
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 ...
Japan's government on Tuesday relaxed military equipment export restrictions, the second change in less than four months, to allow future overseas sales of an advanced jet fighter it is developing ...
In 1980 Western Europe supplied only 7.4 percent of Japan's imports and took 16.6 percent of its exports. However, the relationship began to change very rapidly after 1985. West European exports to Japan increased two and one-half times in just the three years from 1985 to 1988 and rose as a share of all Japanese imports to 16 percent.