Duterte OKs suspension of oil excise taxes by January 2019
October 15, 2018
President Rodrigo Duterte has approved the suspension of the excise tax on oil starting January next year as fuel prices are not expected to decline until the end of the year, his economic managers said on Monday. “Suspension of the
GSDF Holds 1st Amphibious Operation Drill with U.S. Marine in Japan
October 15, 2018
Tanegashima, Kagoshima Pref.- The Japan Ground Self-Defense Force’s amphibious troops held their first joint exercise with U.S. Marines on the southwestern Japan island of Tanegashima on Sunday. Under the scenario that a remote island was seized by an enemy and
Abe Decides to Raise Consumption Tax as Scheduled
October 15, 2018
Tokyo- Japanese Prime Minister Shinzo Abe has decided to increase the consumption tax rate from 8 pct to 10 pct in October next year as planned to secure funds to carry out programs to realize a social security system that
U.S. Eyes Currency Clause in Trade Pact with Japan
October 15, 2018
Nusa Dua, Indonesia- U.S. Treasury Secretary Steven Mnuchin expressed Saturday his intention to urge Japan to include a provision to avoid competitive currency devaluation in a proposed bilateral trade agreement. A currency clause was included in a new North American
Japan Firm Succeeds in Artificial Cultivation of Mushroom Close to Matsutake
October 15, 2018
Kobe, Hyogo Pref.- A fertilizer maker in western Japan has claimed it succeeded in artificially cultivating “bakamatsutake,” a mushroom species close to precious matsutake, for the first time in the world. Once mass production of bakamatsutake, whose scientific name is
Financial Services Not on Agenda for Japan-U.S. Trade Talks: Motegi
October 12, 2018
Tokyo- Financial services will not be covered in forthcoming trade negotiations between Japan and the United States, Japanese Economic Revitalization Minister Toshimitsu Motegi said Friday. “We don’t expect that such issues will be covered as the negotiations are likely to
Aso Claims World Economy Remains Firm; Lagarde Says Not Enough
October 12, 2018
Nusa Dua, Indonesia- Japanese Finance Minister Taro Aso has said the world economy remains firm, despite a global stock sell-off triggered by rising U.S. interest rates and concerns over Washington-Beijing trade tensions. Aso, who doubles as deputy prime minister, made
Abe Delighted with Improving Japan-China Relations
October 12, 2018
Tokyo- Japanese Prime Minister Shinzo Abe expressed his delight with an improvement in Japan-China relations at a meeting with a senior official of the Communist Party of China on Thursday. “I’m delighted Japan-China relations are moving forward smoothly,” Abe told
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