japan inflation 2021
Business

Inflation Isn’t the Problem in Japan. It’s the Reverse

TOKYO – In the United States, ev­eryone is talking about inflation. The country’s reopening from the coronavirus pandemic has un­leashed pent-up demand for ev­erything from raw materials like lumber to secondhand goods like used cars, pushing up prices at the fastest clip in over a decade.

Japan eliminates tariffs on U.S. wine in trade
Business

Japan to eliminate tariffs on U.S. wine in trade deal

Japan has agreed to phase out tariffs on U.S. wine imports as part of a bilateral trade deal expected to be signed at the end of the month, the Nikkei newspaper reported on Sunday. Japan will eliminate the tariffs on U.S. wine within five to seven years after the trade agreement goes into effect, the Nikkei reported without giving its sources.

South Korean boycott of Japanese goods 2019
Business

South Korean boycott of Japanese goods hits beer and carmakers

Sales of Japanese beer and cars have plummeted in South Korea amid a consumer boycott sparked by a deepening dispute over the countries’ wartime legacy that has hit trade and security cooperation. Japanese automakers said on Wednesday sales fell 57% in August from a year earlier, while beer sales were almost wiped out the same month with a year-on-year decline of more than 97%, according to reports.