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Between 1960 and 1964, Japan incurred annual trade deficits (based on a customs clearance for imports) ranging from US$400 million to US$1.6 billion. The era of chronic trade deficit ended in 1965, and by 1969, with a positive balance of almost US$1 billion, Japan was widely regarded as a surplus trading nation.
Items such as eyeglasses, clocks, firearms, and artillery were in high demand in Japan, and trade began to flourish between the Japanese and Europe. With the exchange of goods came the exchange of ideas as well. Christian missionaries, such as Francis Xavier, were among the first to travel to Japan to teach Catholicism.
Sakoku (鎖国 / 鎖國, "chained country") is the most common name for the isolationist foreign policy of the Japanese Tokugawa shogunate under which, during the Edo period (from 1603 to 1868), relations and trade between Japan and other countries were severely limited, and almost all foreign nationals were banned from entering Japan, while common Japanese people were kept from leaving the ...
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 ...
TOKYO (Reuters) -Japanese and Chinese trade ministers have agreed to establish a framework to discuss export controls, Japanese media reported on Wednesday, indicating steps on economic ...
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 ...
The ratcheting up of trade restrictions comes as President-elect Donald Trump has been threatening to sharply raise tariffs on imports from China and other countries, potentially intensifying ...
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 ...