SEOUL/TOKYO Relations between U.S. allies South Korea and Japan deteriorated on Tuesday with South Korea questioning Japan's commitment to U.N. sanctions against North Korea, while a South Korean legal case looked set to aggravate old wartime animosity.
TOKYO/SEOUL Japan and South Korea raised the stakes on Tuesday in a dispute that threatens to disrupt global supplies of smartphones and chips, with South Korea denouncing Japanese reports it had transferred a sensitive chemical to North Korea.
TOKYO/SEOUL Japan pushed back on Tuesday against calls from South Korea to scrap curbs on some high-tech exports, ratcheting up tension in a decades-old diplomatic dispute that threatens to disrupt the global supply of memory chips and smartphones.
TOKYO/SEOUL, July 9 Japan pushed back on Tuesday
against calls from South Korea to scrap curbs on some high-tech
exports, ratcheting up tension in a decades-old diplomatic
dispute that threatens to disrupt the global supply of memory
chips and smartphones.
TOKYO Japan's government is set to raise the sales tax as planned in October, while it stands ready to take flexible macroeconomic policy steps in case risks to the economy materialize, a mid-year policy roadmap released by the government said on Tuesday.
TOKYO Japan should deploy expansive fiscal stimulus "without hesitation" next year if overseas economies pose downside risks to growth, a draft of the government's annual economic policy roadmap seen by Reuters showed on Tuesday.
TOKYO The head of a Japanese business lobby said a planned sales tax hike should proceed in October to sustain the social security system for a rapidly ageing population, despite calls from elsewhere to postpone it given growing economic challenges.
TOKYO Downside risks in the global economy are likely to persist over the medium to long term, pressured by the Sino-U.S. trade war and a slowdown in China, Japan's top financial diplomat said.
TOKYO Japan's government is set to forecast overall consumer price growth of 1.5 percent in the fiscal year that starts in April 2019, a draft document obtained by Reuters showed on Friday, indicating some progress toward an end to deflation.
TOKYO Japan's government will push back its time frame for achieving a balanced budget by five years to fiscal 2025 but set an interim target to review progress in getting the country's fiscal house in order, the Nikkei newspaper reported on Wednesday.