Connect to share and comment

Japan's regional economies keep recovering despite tax hike: MOF

Japan's regional economies have continued to recover even after the first consumption tax hike in 17 years, the Finance Ministry said Wednesday, keeping intact its overall assessment for around four months from January through April. All 11 regions -- including Tohoku, ravaged by the March 2011 quake-tsunami disaster, Kanto centering on Tokyo, and Tokai in central Japan, where Toyota Motor Corp. is headquartered -- maintained their economic views, the ministry said.

G-20 may cite Ukraine crisis as risk to global economy

Group of 20 finance chiefs may issue a warning of the geopolitical risks stemming from the Ukraine crisis in a communique to be released after their two-day meeting in Washington from Thursday, sources close to the matter said, underscoring concerns it could stifle the global economy down the road.

Abe faces push-back in aim to free Japan military from constitution

By Linda Sieg TOKYO (Reuters) - Prime Minister Shinzo Abe is hitting a speed bump in his drive to ease constitutional limits on Japan's ability to fight abroad, as members of his own coalition put up obstacles that could force him to delay or water down the move. Abe has made clear he will press on with changes to free the military from the constraints of the pacifist constitution, but members of his own party are urging caution and his coalition partner is dubious about the wisdom of the historic - and unpopular - change.

Aso to miss 2nd day of G-20 finance chiefs' meeting

Japanese Finance Minister Taro Aso will miss the second day of this weekend's meeting of the Group of 20 finance chiefs in Sydney, his ministry said Thursday. With flight delays possible, Aso will return to Japan on Sunday to attend a session of the House of Representatives' Budget Committee the following day. Mitsuhiro Furusawa, vice finance minister for international affairs, will attend the meeting of G-20 finance ministers and central bank governors on Sunday in place of Aso. ==Kyodo

Aso indicates willingness to improve ties with China, S. Korea

Japanese Finance Minister Taro Aso indicated his willingness Tuesday to improve relations with China and South Korea, emphasizing the three countries have been playing a major role in the Asian economy. While Prime Minister Shinzo Abe's recent visit to the war-linked Yasukuni Shrine has strained ties between Japan and its two neighbors, "our basic stance is that the door for dialogue is already open," Aso said at his first press conference this year.

Bank of France chief expresses optimism to Aso about future course of euro system

Bank of France Gov. Christian Noyer expressed optimism Monday about the future course of the euro system during a meeting with Japan's Finance Minister Taro Aso, according to a government official. Noyer explained to Aso that talks on the integration of the economy and the banking system in the eurozone are running smoothly, the Japanese Finance Ministry official said. Aso welcomed the developments in the single-currency zone, the official said. The region's economy has still struggled in the aftermath of the sovereign debt crisis.

Gov't ready to counter foreign exchange volatility: Aso

Finance Minister Taro Aso said Thursday that the Japanese government is ready to counter foreign exchange market volatility that could be triggered by speculative moves for short-term profits. "The general public would suffer inconvenience unless (the government) has a countermeasure against speculators" such as hedge funds, which try to profit from moving huge sums of money in the financial market, Aso said during a parliamentary session.

Japan urges U.S. to share Japan's view on farm products

Japan's minister for the Trans-Pacific Partnership free trade negotiations told U.S. Treasury Secretary Jack Lew on Tuesday that the United States needs to recognize the importance to Japan of retaining tariffs it levies on key agricultural products. Akira Amari told reporters he explained to Lew in their meeting in Tokyo that protecting certain key products including rice from an inflow of cheap foreign products has been "a critical issue" for Tokyo, but Washington "does not seem to be fully aware of that."

Aso, Lew confirm cooperation toward year-end TPP deal

Japan's Finance Minister Taro Aso said Tuesday he agreed with U.S. Treasury Secretary Jack Lew that the two countries would cooperate toward the completion of talks for the Trans-Pacific Partnership free trade agreement by the end of the year. "We confirmed Japan and the United States will work together to conclude the TPP negotiations by year-end," Aso said at a press conference following the meeting with Lew in Tokyo. But Tokyo and Washington have not necessarily agreed on details of the free trade agreement.

Aso, Lew likely to exchange views toward year-end TPP deal

Finance Minister Taro Aso and U.S. Treasury Secretary Jack Lew held a meeting in Tokyo on Tuesday in which they are expected to exchange views toward the completion of negotiations for the Trans-Pacific Partnership free trade agreement by the end of the year. Lew, on his first visit to Japan since assuming his post in February, is scheduled to hold separate meetings later Tuesday with fiscal policy minister Akira Amari, who doubles as TPP minister, and Prime Minister Shinzo Abe.
Syndicate content