Economic news(2025/05/10)
US-China trade talks begin in Switzerland: focus on finding a solution
2025-05-10 19:30:00
As the extraordinary situation of the United States and China imposing tariffs of over 100% on each other continues, trade talks between high-ranking officials from both countries began in Switzerland on the 10th. This is the first time that high-ranking officials from the United States and China have formally met since the Trump administration imposed mutual tariffs, and the focus is on whether they can find a way to resolve the conflict.
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Trump administration investigates impact of tariffs on aircraft and other imports; Japanese companies may be affected
2025-05-10 18:51:00
The Trump administration in the United States has announced that it has begun an investigation into the impact that imports of aircraft, engines, parts, etc., have on national security. If new tariffs or other measures are introduced as a result of the investigation, this could have an impact on Japanese companies that supply many parts to American aircraft manufacturers.
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Trump administration investigates impact of tariffs on aircraft and other imports; Japanese companies may be affected
2025-05-10 14:01:00
The Trump administration in the United States has announced that it has begun an investigation into the impact that imports of aircraft, engines, parts, etc., have on national security. If new tariffs or other measures are introduced as a result of the investigation, this could have an impact on Japanese companies that supply many parts to American aircraft manufacturers.
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China's April consumer price index declines for third consecutive month, deflation concerns persist
2025-05-10 12:30:00
China's consumer price index for April fell 0.1% from the same month last year, marking the third consecutive month of negative growth. As consumers become more frugal, prices of automobiles and other items are falling, and concerns about deflation continue.
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Nippon Steel executives to meet with US administration officials next week over US Steel acquisition plan
2025-05-10 09:15:00
American media reported that executives of Nippon Steel Corporation are scheduled to meet with senior officials of the Trump administration next week to seek approval for its plan to acquire U.S. Steel, a major American steel manufacturer. The acquisition plan is currently being reviewed by a U.S. government committee, and the decision is the immediate focus of attention.
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Senior US and Chinese officials to hold trade talks from 10th, first since mutual tariffs imposed
2025-05-10 06:14:00
As trade friction between the United States and China intensifies, talks between high-ranking officials from the two countries will be held in Switzerland from the 10th to discuss trade issues. This will be the first time that high-ranking officials from the United States and China have formally met since the Trump administration imposed mutual tariffs, and the focus will be on whether progress can be made on the issue of tariffs.
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Agriculture Ministry considers relaxing bidding requirements for stockpiled rice to ease rice shortage
2025-05-10 06:02:00
In response to the fact that rice prices have continued to rise even after the government began releasing its stockpiled rice, the Ministry of Agriculture, Forestry and Fisheries has begun considering whether it can relax the requirements for businesses participating in future stockpiled rice bidding. In order to alleviate the sense of rice shortage, it is being considered to relax the requirement that the government buy back the same amount of stockpiled rice sold "within one year in principle."
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Haneda Airport Terminal Co., Ltd. Special Committee: "Organizational culture reform" Organizational renewal called into question
2025-05-10 05:43:00
A special investigative committee for Japan Airport Terminal Co., which operates the terminal building at Haneda Airport, pointed out that the company's long-standing organizational culture of overly strong leadership must be reformed, citing inappropriate transactions led by the top executives and aimed at benefiting the company of a former member of the House of Representatives' son. The new management team is being asked whether they can reform the organization into one where employees can speak up frankly.
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Government analyzes the US-UK agreement on tariff measures: No concessions on automobiles
2025-05-10 05:38:00
Regarding the US tariff measures, the Japanese government plans to analyze the contents of the agreement between the US and the UK and use it in the next negotiations. With regard to automobiles, while some have suggested that this is a sign of Japan's position that it will only lower tariffs to 10%, the government plans to continue to strongly request the elimination of the measures, as it is unable to make concessions on key industries.
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