News Regulators 

Bank of Japan’s Kuroda calls for mix of steps to boost economic growth

“But he said fiscal spending and structural reforms to boost an economy’s potential growth will help enhance the effect of monetary easing” writes Midwest Communications Inc for 95kqds.com. “In responding to significant downward pressure (on growth), a policy mix of monetary easing, flexible fiscal policy and steps to raise the natural rate of interest could be effective.”. The BOJ should examine financial functioning and make appropriate policy responses, so that the cost of monetary easing is reduced.”. “We are equipped with unconventional tool kits, so there is no need to…

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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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News Regulators 

Japan’s Abe says expects BOJ to weigh benefits, costs in deciding policy

“TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Tuesday he expects Bank of Japan Governor Haruhiko Kuroda to make an appropriate decision on monetary policy while weighing the benefits and costs of each step” writes Midwest Communications Inc for 95kqds.com. Abe made the remark in parliament, when asked about the possibility the BOJ may loosen monetary policy further by deepening negative interest rates. Under a policy dubbed yield curve control (YCC), the BOJ pledges to guide short-term rates at -0.1% and the 10-year government bond yield around 0%. Source:…

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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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South Korea initiating WTO complaint over Japan trade curbs

“The process usually takes about 15 months but may also last years, said Jeong Hae-seong, a South Korean trade ministry official” writes The Associated Press for seattletimes.com. Yoo said the country is also considering whether to pursue WTO action over Japan’s move to delist South Korea as a preferential trade partner.SEOUL, South Korea (AP) — South Korea said it will initiate a complaint Wednesday to the World Trade Organization over Japan’s tightened export controls on key materials South Korean companies use to make computer chips and displays Seoul accused Tokyo…

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Japan’s Tepco struggles to restore power after typhoon as two die: media

“We will continue making every effort to restore power as quickly as possible.”” writes Midwest Communications Inc for 95kqds.com. Tokyo Electric, Japan’s biggest power provider, usually referred to as Tepco, may not be able to restore power to all households on Wednesday, Kyodo News said, citing the company.TOKYO (Reuters) – Japanese utility Tokyo Electric Power is struggling to restore power to nearly half a million homes after outages caused by Typhoon Faxai, while at least two people have died because of a lack of electricity, media said on Wednesday.National broadcaster…

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Japan’s second-quarter GDP grows at slower pace on weaker capital spending

“The economy grew an annualized 1.3% in April-June, weaker than the preliminary reading for 1.8% annualized growth, Cabinet Office data showed Monday” writes Midwest Communications Inc for 95kqds.com. The annualized growth rate translates into quarter-on-quarter expansion of 0.3% from January-March, compared with a preliminary reading for a 0.4% gain.TOKYO (Reuters) – Japan’s economy grew at a slower pace than initially estimated in the second quarter on the back of softer capital spending, signaling strains on the economy from weaker global growth and the U.S.-China trade war.Net exports – or exports…

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