Japan

Japan suffers worst economic slump in five years

17 February 2020; AFP: Japan has suffered its worst quarterly GDP contraction in more than five years, with a tax hike and a deadly typhoon taking a toll on the world's third-largest economy.

The nation's gross domestic product in the three months to December shrank 1.6 percent from the previous quarter, even before the novel coronavirus outbreak in China hit Japan, according to official data published on Monday.

Coronavirus cases on board of cruise ship in Japan increased to 355 - authorities

TOKYO, February 16. /TASS/: Confirmed 2019-nCOV coronavirus infections on board of the Diamond Princess cruise ship quarantined in Yokohama increased to 355, Health Minister of Japan Katsunobu Kato said on Sunday on the air with the NHK TV Channel.

"We tested over 1,200 individuals by now. Among them, we confirmed 355 coronavirus infection cases.

70 more infection cases were therefore found on board of the ship over the last day.

Nissan Files Damages Suit Against Former Boss Ghosn

TOKYO, Feb 13 (NNN-NHK) – Nissan Motor Co., said that, the company has filed a civil lawsuit in Japan, against former boss, Carlos Ghosn, who has fled the country last year, seeking 10 billion yen (90 million U.S. dollars) in damages, for “his corrupt practices over many years.”

Nissan intensified its campaign to recover damages from the former chief. According to Nissan, the financial damages it is claiming are linked to “Ghosn’s breach of fiduciary duty as a company director, and his misappropriation of Nissan’s resources and assets.”

UK's Raab wants 'ambitious' Japan trade deal, Tokyo seeks end to Fukushima restrictions

TOKYO (Reuters) - British Foreign Secretary Dominic Raab said he wants an “ambitious” trade deal with Japan, after a meeting with Japanese counterpart Toshimitsu Motegi, who asked Britain to end European Union restrictions on Japanese food imports imposed after the Fukushima nuclear disaster.

Raab met Motegi in Tokyo during his first overseas trip following Britain’s departure from the EU, and as it negotiates its future relationship with Brussels and begins free trade talks with other major economies including the United States and Japan.

Abe calls for peace treaty with Russia on mutually beneficial conditions

TOKYO, February 7. /TASS/: Japan and Russia must develop a peace agreement solution, which both nations would accept, going forward one step at a time, Japanese Prime Minister Shinzo Abe said Friday during the annual "Rally for Return of the Northern Territories" [a Japanese term for the South Kuril Islands.]

"We will advance the negotiations one step at a time to find a solution that both sides would accept," Abe said.

Asian shares up on China efforts despite virus worries

TOKYO (AP) — Asian shares rose Wednesday on optimism that China’s latest actions may help curtail some of the expected economic damage from the virus outbreak.

Japan’s benchmark Nikkei 225 gained 1.1% to 23,330.11 in morning trading. Australia’s S&P/ASX 200 added 0.3% to 6,967.20. South Korea’s Kospi was up 0.5% at 2,169.29. Hong Kong’s Hang Seng edged up nearly 0.9% to 26,910.45, while the Shanghai Composite jumped nearly 2.0% to 2,836.68.

Japan issues arrest warrants for ex-U.S. soldier, two others for Ghosn escape

TOKYO (Reuters) - Japanese authorities on Thursday issued arrest warrants for a former U.S. special forces soldier and two other men on suspicion of smuggling former Nissan Motor Co boss Carlos Ghosn out of Japan.

Warrants were issued for former U.S. Green Beret Michael Taylor and two other men, George-Antoine Zayek and Peter Taylor, prosecutors said in a statement. A warrant was also issued for Ghosn for illegally leaving the country, prosecutors said.

Japan to send evacuation plane to Wuhan

Tokyo, Jan 28 (AFP/PTI) Japan will send a plane to the Chinese city of Wuhan later Tuesday to begin evacuating citizens from the centre of a deadly virus outbreak, the country's foreign minister said.

"We have finalised arrangements, and the Chinese side has communicated to us that it is now ready to accept one chartered flight. Arrangements have been made to secure transportation to the airport," Toshimitsu Motegi told reporters.

Asian shares sink on mounting worries over China outbreak

TOKYO (AP) — Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China.

Markets in Hong Kong and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea’s benchmark tumbled 3.4% to 2,170.88 as it reopened after its own holidays.

Japan’s Nikkei 225 index lost 0.9% to 23,128.24, while Australia’s S&P ASX/200 slipped 1.4% to 6,988.60. Shares also fell in Taiwan, Jakarta and Singapore.

Japan To Approve 40 Billion USD Extra Budget, To Support Reconstruction Efforts, Bolster SMEs

TOKYO, Jan 25 (NNN-NHK) – A supplementary budget worth 4.47 trillion yen (40.77 billion U.S. dollars), for fiscal 2019, earmarked in part, to underpin reconstruction efforts in Japan, after a series of natural disasters, is likely to be approved by parliament next week, lawmakers were quoted as saying.

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