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The surplus reached a record US$18.2 billion in 1978, promoting considerable tension between the United States and Japan. In 1979 petroleum prices jumped again, and Japan's trade balance again turned to deficit, reaching US$10.7 billion in 1980. Once again, rapid export growth and stagnant imports returned Japan quickly to surplus by 1981.
China is now Japan's largest export market, surpassing the U.S. despite a drop in overall trade, according to recent figures from the Japan External Trade Organization. Japan's exports to China fell 25.3% during the first half of 2009 to $46.5 billion, but due to a steeper drop in shipments to the U.S., China became Japan's largest trade ...
The MOSS negotiations spanned the course of 1985 and aimed to promote a more open and fair trading environment between the two nations. By tackling trade barriers head-on, the talks sought to create opportunities for increased market access and ensure a level playing field for both American and Japanese businesses operating in these sectors.
Japan suffered a trade deficit last month as exports sank for the first time in more than two years, dragged down by a slowdown overseas. Japan’s trade deficit totaled 78.7 billion yen ($539 ...
Japan racked up a 621 billion yen ($4.3 billion) trade deficit in July, as prices of imports surged, according to government data released Wednesday. Japan’s imports grew nearly 17% from a year ...
Japan's imports in October surged by more than half from a year earlier, dwarfing growth in exports and enlarging a trade deficit that has weighed heavily on the yen. The trade gap is therefore ...
Mechanisms used by the Japanese government to affect the economy typically relate to trade, labor markets, competition, and tax incentives. They include a broad range of trade protection measures, subsidies, de jure and de facto exemptions from antitrust statutes, labor market adjustments, and industry-specific assistance to enhance the use of ...
Doing business and investing in Japan can be difficult for European companies [14] and there have been some trade disputes between the two parties. However the slowdown in the Japanese economy encouraged it to open up more to EU business and investment. [2] While working on reducing trade barriers, the main focus is on opening up investment ...