News 

Japanese automaker Honda reports profit drop as sales slip

“Honda Motor Co. reported Friday its fiscal second quarter profit totaled 196.5 billion yen ($1.8 billion), down from 210.7 billion yen the previous year” writes The Associated Press for seattletimes.com. TOKYO (AP) — Honda recorded a 6.7% decline in July-September profit as vehicle and motorcycle sales slipped and an unfavorable exchange rate hurt earnings at the Japanese automaker.The Tokyo-based company lowered its full year profit forecast through March 2020, to 575 billion yen ($5.2 billion) from the 645 billion yen ($5.9 billion) given in August, and below the 610 billion…

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Crypto News 

MUFG to Lead 22-Member Consortium for Security Token Research

“Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) joined hands with 21 other firms to set up a blockchain consortium for research and development of standards for security token management” writes Arnab Shome for financemagnates.com. Last month, six Japanese financial giants including Monex Group, Daiwa Securities Group, and SBI Securities team up to form a self-regulatory body for security token offerings (STO).Meanwhile, other major Japanese companies are also taking an interest in the security token industry.According to Coindesk, the consortium has appointed a digital securities management firm Securitize as its…

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SoftBank posts $6.4bn loss after WeWork chaos and Uber woes

“The collapse of WeWork has hit the Japanese investment powerhouse hard, with its chair taking much of the blame” writes Colm Gorey for siliconrepublic.com. SoftBank’s reputation – and bank balance – is being hit hard, according to the Associated Press, with the Japanese investment giant posting its first quarterly loss in 14 years, totalling around $6.4bn.SoftBank’s founder, Masayoshi Son, admitted there were “mistaken investment moves” and that the negative pieces on WeWork were “true in some sense”. Source: siliconrepublic.com

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Beer exports from Japan to South Korea have fallen 99.9% as their bitter, personal trade war rages on

“Beer exports from Japan to South Korea fell 99.9% year-on-year in September, the Japanese government said Wednesday, as the two countries’ trade war rages on with no end in sight” writes Alexandra Ma for businessinsider.com. Kim Kyung-Hoon/Reuters The history of South Koreans’ mistrust of Japan means the trade war has also taken a very personal turn. Source: businessinsider.com

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Japan, South Korea to study fund to ease wartime forced labor issue: Kyodo

“South Korea in June proposed a joint fund with Japan to compensate South Koreans forced to work by Japanese companies during the war, but Japan rejected the idea out of hand at that time” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – The South Korean and Japanese governments are studying plans for a joint economic program involving companies from both countries which aims to ease strains over the issue of forced Korean labor in World War Two, Kyodo news reported on Monday. Source: 95kqds.com

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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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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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U.S.-Japan trade talks will bring peace of mind to farmers, automakers: Motegi

“TOKYO (Reuters) – Japanese foreign minister Toshimitsu Motegi said trade talks with the United States will bring peace of mind to farmers and automakers, according to an interview with public broadcaster NHK aired on Sunday ahead of a key bilateral meeting this week” writes Midwest Communications Inc for 95kqds.com. Trump and Abe are expected to secure a deal on farm tariffs and digital trade when they meet in New York this week.Autos make up about two-thirds of Japan’s trade surplus with the United States and such tariffs would hurt its…

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Explainer: Abe, Trump head for trade deal; auto tariffs a sticking point

“Japanese officials have said that under a September 2018 agreement, the United States would not impose added auto tariffs while trade talks were under way” writes Midwest Communications Inc for 95kqds.com. Japanese auto exports account for about two-thirds of its trade deficit with the United States and the added tariffs would deal a blow to Japan’s trade-reliant economy.TOKYO (Reuters) – U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe are expected to clinch a deal on farm tariffs and digital trade when they meet in New York next week.However,…

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