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Japan finance minister signals readiness to ramp up stimulus to fight risks

“On the global economy, Aso said he still expected a moderate recovery to continue through next year” writes Midwest Communications Inc for 95kqds.com. But the weakness has yet to spread to non-manufacturers or domestic demand,” Aso told reporters after attending a Group of 20 finance leaders’ working dinner.”Given uncertainty over the global economy, exports are falling and weighing on manufacturers’ output. International Monetary Fund (IMF) Deputy Managing Director Mitsuhiro Furusawa has said Japan can ramp up fiscal stimulus if the hit to the economy from October’s sales tax hike proves…

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Japan-U.S. trade deal estimated to boost Japan’s GDP by 0.8%

“TOKYO (Reuters) – The trade deal reached between Japan and the United States is expected to boost Japan’s economy by about 0.8%, the Japanese government said on Friday” writes Midwest Communications Inc for 95kqds.com. The deal is also estimated to contribute about 4 trillion yen to Japan’s gross domestic product based on its fiscal 2018 GDP and the pact will create about 280,000 jobs in Japan, it said. The United States and Japan signed a limited trade deal that cuts tariffs on U.S. farm goods, Japanese machine tools and other…

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Japan’s bullet train tracks were flooded in Typhoon Hagibis

“A travel blog from Japan Rail Pass posted warnings about the storm: “Super Typhoon Hagibis forces Japan to cancel hundreds of flights and trains.”” writes Sasha Lekach for mashable.com. Before the 150 mph winds and nearly 3 feet of rain pummeled the country, train stations were closed and cleared out, eliminating some travel options for storm-struck regions. Source: mashable.com

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Tesla to start Powerwall home battery installations in Japan

“TOKYO (Reuters) – Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product’s debut in Asia” writes Midwest Communications Inc for 95kqds.com. Tesla has installed Powerwall systems at about 50,000 sites in seven countries since its launch in 2015, a company official said.The company has been taking orders online from Japanese customers since 2016, but had not announced when installations would start, a company spokeswoman said.The need for backup power supply during…

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Markets News Stocks 

Asia markets set to trade higher ahead of high-level trade talks between US and China

“The country’s so-called Big Four banks rose, with shares of National Australia Bank up 0.68% and Commonwealth Bank gaining 0.46%” writes Saheli Roy Choudhury for cnbc.com. Asia markets looked set to gain on Tuesday, with Nikkei futures pointing to a higher open in Japan while Chinese markets are due to re-open following a week-long public holiday.”Investors are very focused on the US-China trade talks and ongoing Brexit discussions in what is generally a quiet week for data,” Rahul Khare from ANZ Research said in a morning note.High-level trade talks between…

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Sony Xperia 8 Announced With Snapdragon 630, Dual-Camera Setup: Price And Specifications

“Catering to its home market, Sony Japan has announced its latest Android-powered smartphone: the Sony Xperia 8” writes Prasham Parikh for mashable.com. While Sony isn’t as relevant as it used to be in the smartphone market, it still hasn’t completely stopped making Android-powered smartphones.The front of the phone houses a 6-inch FullHD+ LCD display with an aspect ratio of 21:9 that is now standard on smartphones from Sony. Source: mashable.com

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Where the U.S.-Japan trade deal falls short of Trans-Pacific pact abandoned by Trump

“WASHINGTON (Reuters) – U.S. President Donald Trump has called his new trade deal with Japan a “phenomenal” victory for U.S. farmers” writes Midwest Communications Inc for 95kqds.com. The U.S.-Japan deal prohibits these, as well as unreasonable security requests for source code.Apart from the lack of improved access for butter and milk powder, exact details of cheese provisions in the U.S.-Japan deal are not yet known.The main improvement over TPP comes from the U.S.-Japan digital trade agreement, say congressional aides and tech industry officials briefed on it.Abe said Trump agreed not…

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Apple supplier Japan Display aims to seal $468 million bailout deal by end-October – CEO

“TOKYO (Reuters) – Apple Inc supplier Japan Display Inc aims to seal a revised bailout deal by the end of this month for at least 50 billion yen ($468 million) in vital funding, its new chief executive said on Monday” writes Midwest Communications Inc for 95kqds.com. “We are close to (raising) 50 billion and I believe we can cement the deal this month,” Kikuoka, who took the helm of the cash-strapped display maker in September, said. Source: 95kqds.com

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Key Japan economic index falls, government changes view to ‘worsening’

“TOKYO (Reuters) – A key Japanese economic index fell in August and the government on Monday downgraded its view to “worsening”, indicating the export-reliant economy might face slipping into recession” writes Midwest Communications Inc for 95kqds.com. Concerns have risen as the U.S.-China trade dispute and slowing external demand dent Japan’s economic recovery.The government will later examine the economy comprehensively with professors and economists on a panel and officially define the country’s economic cycle.In recent months, the government’s assessment on the coincident index was that the economy likely stopped falling. Source: 95kqds.com

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The Latest: Japan takes 2nd men’s walk gold

“Japan has won two gold medals at the world championships, both in the walks” reports foxsports.com. DOHA, Qatar (AP) — The Latest on the world track and field championships early Saturday (all times local): Toshikazu Yamanishi of Japan has won the men’s 20-kilometer walk, as Russia’s squad of officially neutral athletes claimed another silver medal.Russia started Friday’s events with three medals and finished the night with six after Mizinov’s silver and a 2-3 finish in the men’s high jump. Source: foxsports.com

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