Japan

Top 10 shipowning nations

VesselsValue shared key data regarding the top shipowning nations of the world, noting that Japan held the lead for another consecutive year, followed by Greece and China. 

Piraeus Bank to provide new ship finance offering

After Piraeus Bank’s announcement on 12 July 2019 that it was exploring a possible partnership with a major Asian Pacific financial conglomerate, it has now entered into an exclusive, strategic collaboration agreement with ORIX Corporation, a Japan and US-listed company, for the provision of financing solutions to the Greek maritime sector.

President Trump strikes for a trade deal with EU and UK

Following the Phase 1 trade deal with China, U.S. President Donald Trump announced that will shift his attention to Europe, post-Brexit Britain and India. Namely, Trump informed that will force new tariffs, shaking up relations with the above-mentioned major U.S. trading partners.

Japan and South Korea to talk about trade war

Japan and South Korea and have reached an agreement to discuss their current trade war in December, with a preparatory meeting due to be held in Vienna in the week to come. In a statement, South Korea’s Ministry of Trade, Industry and Energy highlighted that “During the December meeting, the two countries plan to exchange opinions on various domestic and external situations related to export control.”

S. Korea officially excludes Japan as trading partner

South Korea officially excluded Japan from its list of trade partners affecting the latter’s fast-track approvals in trade, meaning that South Korean companies will now have to submit five documents to win individual approval, which is more than the previous three, Yonhap news agency reports.

Japan removes South Korea from trade “white list”

Japan’s cabinet on Friday approved a plan to remove South Korea from a “white list” of trusted trading partners, escalating the already damaged diplomatic relations between the two states in regard to wartime reparations. In response, South Korean government also revealed plans to remove Japan from its own white list.

Trade tensions negatively affect trade volumes

Economic growth around the world is decreasing, and various governments, including Germany, China and South Korea, have announced stimulus packages to boost their economies. In fact, the International Monetary Fund expects global GDP growth to slow from 3.6% in 2018 to 3.3% in 2019, before returning to 3.6% in 2020.

International symposium mulls WTO reform for sustainable economy

The world trading system should be continuously re-examined with regard to reforming the World Trade Organization (WTO) and the governance of data flows, given the escalation of trade restrictive measures and the impact on businesses, said Mr Akahoshi, President of JETRO. 

EU-Japan trade agreement enters into force

As of 1 February, the Economic Partnership Agreement (EPA) between the EU and Japan has entered into force, marking the largest open trade zone in the world. The EPA removes the vast majority of the €1 billion of duties paid annually by EU companies exporting to Japan. 

India overtakes Japan as second largest steel producer

The January to November crude steel production statistics released by the World Steel Association indicate India as the second largest steel producer in the world, overtaking Japan for the second month in a row, with a growth rate of 4.9%.

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