News 

Automakers expect Trump will delay decision on imposing EU, Japan auto tariffs

“Trump in May delayed a decision on tariffs by up to 180 days as he ordered U.S. Trade Representative Robert Lighthizer to pursue negotiations” writes Midwest Communications Inc for 95kqds.com. Lighthizer’s office recently asked many foreign automakers to provide a tally of investments they have made in the United States, several auto industry officials told Reuters.Although the agreement does not cover trade in autos, Abe said in September he had received reassurance from Trump that the United States would not impose auto tariffs on national security grounds.The anticipated delay —…

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Japan Tobacco halves price of reduced-risk cigarette starter kit

“TOKYO (Reuters) – Japan Tobacco is halving the price of starter kits for its Ploom S reduced-risk cigarettes, as it struggles to compete against rival Philip Morris International” writes Midwest Communications Inc for 95kqds.com. From Dec. 1, the recommended retail price of the kit, including the smoking device which heats tobacco sticks, micro USB cable and AC adapter, will be 3,480 yen ($31.90) from 7,980 yen, Japan Tobacco said on Tuesday. For the third quarter, operating profit fell 26% on the year, to 129 billion yen.The company said it now…

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Japan October preliminary machine tool orders -37.4% vs -35.5% y/y prior

“Export orders continue to slump and reaffirms the weakness seen in the global manufacturing sector” reports forexlive.com. Japan is no exception to that and this will feed into another sluggish economic performance in the final quarter of the year. ForexLive The reading measures the change in total value of new orders placed with Japanese machine tool manufacturers. Source: forexlive.com

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Crypto News 

Crypto News From Japan: Nov. 2–9

“Japanese cryptocurrency exchange Coincheck announced that it had begun offering Coincheck Tsumate, an automated cryptocurrency accumulation service, also known as the dollar-cost averaging method (DCA)” writes Joeri Cant for cointelegraph.com. There has been a great deal of speculation that the Japanese crypto exchange Coincheck was aware of Stellar’s 55 billion XLM token burn at the time they announced the XLM listing on its exchange.Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan.The Japanese financial regulator, the Financial Services Agency (FSA), has…

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Japan govt. panel members call for bold steps to support growth

“TOKYO (Reuters) – Private-sector members of Japan’s top economic council on Thursday called on the government to undertake “flexible” policies to prevent the economy from worsening” writes Midwest Communications Inc for 95kqds.com. “We hope the Bank of Japan takes additional monetary easing steps without hesitation if the economy risks losing momentum to achieve its inflation target,” the members said. The proposals by the private-sector members form the basis of the government’s long-term economic policy platform. Source: 95kqds.com

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BOJ’s Kuroda: to continue massive monetary stimulus to hit 2% inflation

“TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Thursday that the central bank would continue with massive monetary easing to achieve its 2% inflation goal while adding “it’s taking time” to hit the target” writes Midwest Communications Inc for 95kqds.com. Finance Minister Taro Aso said it’s natural that monetary and fiscal policy should work as one to pull Japan out of deflation completely. Source: 95kqds.com

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SoftBank says WeWork Japan can become profitable ‘in near future’

“WeWork Japan, a joint venture between the U.S. startup, telco SoftBank Corp and its parent SoftBank Group Corp , is growing well with high occupancy rates, SoftBank Corp’s CEO Ken Miyauchi said” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – WeWork’s Japan unit can become profitable “in the near future”, the Japanese partner of the U.S. office-space sharing startup said on Tuesday, amid investor scepticism over its path to profitability. Source: 95kqds.com

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