Showing posts with label Video. Show all posts
Showing posts with label Video. Show all posts
December 01, 2015
Japanese Customer 2015 the year in review Monday December 7th
japan, japanese, consumer, customer, review, overview, summary, analysis, year, 2015, year in review, consumer behaviour, trends, news, insights, stories, business, finance, lifestyle, marketing, www.japanesecustomer.com. @jcustomers, #japan, #japanese, #customer
November 19, 2015
Video: Japanese Customer Vending Machines
Interested in the type of vending machines that Japanese customers enjoy?
Check our playlist of vending machines on You Tube
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Labels: Customer Service, Lifestyle, Video
November 14, 2015
Japanese Customer News November 14th 2015
Japanese Customer News November 14th 2015
● “Australia has entered a wide range of bilateral agreements ….in a web of special deals which underline the complexity of the TPP agreement text released on Friday…The letter about how Japan is supposed to have an open tendering process to buy Australian rice, runs to five pages outlining six tenders a year, how Japan can set a maximum price and how the minimum quantity in any tender is 17 tonnes”
Source: Letters form subtext of TPP deals by Greg Earl, Australian Financial Review, Monday 9th November, 2015, page 7.
● “The number of Japanese tourists visiting Australia is growing…”we will see growth of approximately 30 per cent in aviation capacity by the end of this year” John O’Sullivan, Tourism Australia, Managing Director. The latest ABS data shows the number of Japanese visitors rose 18 per cent to 29,000 in September.”
Source: Tourists from Japan take advantage of extra flights , by Jamie Freed, Australian Financial Review, Tuesday 10th November, 2015, page 6.
● “The number of Australians heading to Japan….30,600…visited Japan in September, up 19.5 per cent from a year earlier”
Source: Tourists from Japan take advantage of extra flights , by Jamie Freed, Australian Financial Review, Tuesday 10th November, 2015, page 6.
● “The number of multipurpose industrial robots (all types) per 10,000 employees in the manufacturing industry – 2014
Republic of Korea 450
Japan 350
Germany 300
US 150
Australia 66
Source: Bank of America Merrill Lynch”
Source: Robots threaten jobs of bankers, lawyers, by John Kehoe, Australian Financial Review, Thursday, 12th November, 2015, page 14.
● “Japan grows more slowly than other countries at the best of times, largely because its work force is shrinking, so even small setbacks can easily send it into reverse. The latest recession was its fifth since the global financial crisis of 2008, though by some measures, including unemployment, the picture looks less dire”
japan, japanese, consumer, customer, news, picture, quote, business, marketing, insights, technology, trends, behaviour, www.japanesecustomer.com, @jcustomers, #japan. #japanese, #customer, #consumer, #news, #podcast, #video
November 07, 2015
Japanese Customer News November 7th 2015
● “According to Euromonitor data, Japanese people eat about 96 kilograms of vegetables and 34 kilograms of fruits per person per year. The cut vegetables and fruits market has been one of the significant booms in Japan, worth around US$750 million, due to the growing number of single-person households and ageing population, as well as strong demand for convenience foods”
Source: JAEPA opens opportunities for Australian vegetable exporters, Australian Trade Commission, Wednesday 4th November, 2015, Export Update, November 2015 edition
● “Self-sufficiency of food production in Japan also remains relatively low. The rate on a calorific basis in 2014 was 39 per cent – the same rate since 2010.”
Source: JAEPA opens opportunities for Australian vegetable exporters, Australian Trade Commission, Wednesday 4th November, 2015, Export Update, November 2015 edition
● “Japan retains impressive power resources. It is a democracy that has been at peace for 70 years, with a stable government and a high standard of living. Its per capita income is five times that of China”
Source: Japan sold short but Abe must push beyond comfort zone, By Joseph. S. Nye, Jr., The Australian, Wednesday 4th November, 2015, page 10.
● “Japan Post Bank controls more than Y200 trillion (AUS$2.3 trillion) in assets. Making it one of the worlds largest asset managers. Its main profit comes from what it earns on those assets. About half the money is in Japanese government bonds”
Source: Japan Post prepares to deliver $12 billion IPO, by Atsuko Fukase, The Wall Street Journal, The Australian, Wednesday 4th November, 2015, page 24.
● “The kotatsu is a table with an electric heater underneath and a heavy blanket on top. You’ll never need to leave your bed again with this Japanese innovation. It combines your bed, lounge seating and table into one incredibly cosy piece of furniture.”
Source: The Japanese innovation that lets you stay in bed all day by Madeleine Wedesweiler, The Age Newspaper Online, Nov 4, 2015 http://www.domain.com.au/news/the-japanese-innovation-that-lets-you-stay-in-bed-all-day-20151104-gkqp9q/
● “The listing of Japan Post Holdings and its banking and insurance units is the world's biggest IPO this year and Japan's biggest since 1998. More than 80 per cent of the shares are being sold to individuals as the government hopes the $US12 billion privatisation will spur households to put more of the country's enormous pool of household savings in to the stock market….The offering put 11 per cent of each company in private hands. The government plans to eventually sell all of the bank and the insurer through additional offerings and retain a third of the parent. Some of the proceeds will be used to rebuild areas in the northeast that were damaged by the 2011 earthquake and tsunami”
Source: Japan Post surprises with strong debut, The Age Newspaper Online, Bloomberg, November 4, 2015 http://www.theage.com.au/business/markets/japan-post-opens-sharply-higher-after-us12b-float-20151104-gkqbxe#ixzz3ql4cTyWq
● “Compared with seven years ago, people in Japan sent three billion fewer letters, packages and postcards in the year ending in March, according to Bloomberg. Japan Post is focusing on freight transport and expanding abroad. It bought Australian logistics company Toll Holdings this year for $6.5 billion (US$4.6 billion), its biggest acquisition.”
Source: Japan Post surprises with strong debut, The Age Newspaper Online, Bloomberg, November 4, 2015 http://www.theage.com.au/business/markets/japan-post-opens-sharply-higher-after-us12b-float-20151104-gkqbxe#ixzz3ql4cTyWq
● “Eighteen months after opening its first store in Australia, Uniqlo has unveiled plans to open stores in Indooropilly next month and in Brisbane and Chatswood early next year, taking the number of stores to 10… Uniqlo generated sales of $33 million in the first five months after opening its first store in Melbourne's Emporium in April last year, according to ASIC filings, but sales for 2015 have not been released”
Source: Turning Japanese: Uniqlo unveils 10th Australian store, by Sue Mitchell, The Age Newspaper, November 5, 2015
http://www.theage.com.au/business/turning-japanese-uniqlo-unveils-10th-australian-store-20151103-gkq9gv
● “Toyota, Nissan and Honda, all hope to bring a car to market about 2020 that the driver can switch to autopilot mode and want to use the Tokyo Olympics as a platform to unveil their cars of the future…. Japanese Prime Minister Shinzo Abe will also ease regulations to allow small drones to deliver packages in three years, which could encourage innovation in another field that Japan has lagged behind in recent years”
Source: Japan looks to self-driving cars, drones to spur innovation, by Stanley White and Takaya Yamaguchi, The Age Newspaper Online, November 5, 2015, http://www.theage.com.au/business/world-business/japan-looks-to-selfdriving-cars-drones-to-spur-innovation-20151105-gks294.html#ixzz3ql4Oduax
● “Hiroko Masuhara and Koyuki Higashi arrived at city hall in the trendy Shibuya district early in the morning to collect the certificate that will allow them to rent an apartment, visit each other in hospital and gain a variety of other benefits as a couple…The certificate is not equivalent to a marriage certificate but does recognise the pair as a couple for benefits and hospital visitation purposes. Shibuya and Setagaya, considered the wealthiest of Tokyo's 23 wards, began issuing the certificates on Thursday..”
Source: Tokyo issues Japan's first same-sex partner certificates, by Shiori Ito, The Age Newspaper Online, November 5, 2015,
http://www.theage.com.au/world/tokyo-issues-japans-first-samesex-partner-certificates-20151105-gkrx6a.html
japan, japanese, consumer, customer, news, picture, quote, business, marketing, insights, technology, trends, behaviour, www.japanesecustomer.com, @jcustomers, #japan. #japanese, #customer, #consumer, #news, #podcast, #video
October 30, 2015
Japanese Customer News October 31st 2015
● “Australians consume 300kg of dairy product per person every year, while the Japanese are up to 80 kg each, China is still at 30 kg a head: the opportunity for growth is huge”
Charlie McEhone, International Trade Manager, Dairy Australia
Source: Big-cheese ambition is a feta accompli, by Sue Neales, The Australian, Monday 26th October, 2015, page 2.
● “Sony is likely to strengthen its image sensor business by acquiring a competing arm from Toshiba sources say. Sensors are a core component of digital cameras…Analysts say market for sensors is likely to grow, in part because of smartphone demand”
Source: Sony pursues Toshiba sensor unit as camera focus intensifies, Wall Street Journal, The Australian, Monday 26th October, 2015, page 22.
● “Japanese newspaper Yomiuri reported that Nippon Life was set to acquire 80 per cent of National Australia Bank’s (NAB) life insurance unit for Y220 billion (AUS$1.2 billion)”
Source: NAB set for $2bn sale of life unit, by Michael Bennet, The Australian, Wednesday October 28th, 2015, page 19.
● “Top export destinations (for Australian dairy products)
Thailand $200 million
Japan $400 million
China $600 million
Source: Dairy Australia “
Source: Milk it for all its worth: farmers urged to expand and meet Asian demand, by Sue Neales, The Australian, Wednesday October 28th, 2015, page 19.
● “Japanese companies selling in China have benefited from bargains created by the cheaper yen. Shares of Okamoto Industries, Japan’s dominant condom maker hit a record high this month and have jumped 183 per cent this year. AT Japanese duty-free, store Laox, $US 800 (AUS$1100) rice cookers and $US500 toilet seats are selling briskly”
Source: ‘New China’ firms going strong in a weak economy, by Wei Gu, The Wall Street Journal, The Australian, Wednesday October 28th, 2015, page 24.
● “Nintendo said yesterday that its first mobile application would be called Miitomo … (making) the leap to smart phones…Nintendo could generate Y6billion (AUS$70 million) in operating profit a year from one smart phone game” said Osamu Kamada an analyst at Tokai Tokyo Securities”
Source: Nintendo puts its game face on, by Mayumi Negishi and Takashi Mochizuki, The Wall Street Journal, The Australian, Friday October 30th, 2015, page 24.
● “One of the most daunting cities for foreign visitors, Tokyo is a manic, hyperactive assault on the senses…Japanese addresses are often confusing”
Source: Everything is better in the East, by Ingrid Williams, Australian Financial Review, 30th October – 1st November, 2015, L17, Life & Leisure.
japan, japanese, consumer, customer, news, picture, quote, business, marketing, insights, technology, trends, behaviour, www.japanesecustomer.com, @jcustomers, #japan. #japanese, #customer, #consumer, #news, #podcast, #video
October 28, 2015
Japanese Customer videos on YOUTUBE
Japanese Customer videos on YOUTUBE
If you are doing business with Japanese customers or maybe researching to launch in Japan, or maybe trying to win Japanese customers to your local business or service. Our range of Japanese customer videos were created for you in mind, to provide deep insights into the language, culture and lifestyle of Japanese customers in Japan. What they buy, how they buy, market trends, new products, marketing, advertising, seasons, events and more.
We hope that you take the time to explore our YouTube channel and discover a rich, depth of relevant and useful snapshots and insights into the daily life of Japanese customers in Japan.
JapaneseCustomer.com
YouTube Video Guide and Links summary
- Our JapaneseCustomer.comChannel Page - JCUSTOMERS
- JapaneseCustomer.com - PLAYLISTS
A selection of topics including food, travel, culture, language, product reviews, news, events and special reports
- JapaneseCustomer.com - VIDEOS
The total list of all our videos that you can scroll through and select individually by picture, name or topic
Subscribe and we will keep you up to date of our recent video uploads , so you never miss new content!
#japan #japanese #customer #youtube #video #useful #content #lifestyle #culture #behaviour #trends # insights #japanesecustomer #news
Labels: Video
October 22, 2015
Japanese Customer News October 23rd 2015
● “Investment from Japan into Australia is growing at 11 per cent a year”
Source: Japan tops Asia travel queue, by Rick Wallace, The Australian, Tuesday 20th October, 2015, page 2.
● “Japan’s most profitable high-speed rail operator, JR Tokai, is building a maglev system between Tokyo, Nagoya and Osaka without government subsidies. The system relies on superconducting magnets to lift, stabilise and propel trains at 500km/h within a guide-way”
Source: We will get better cities if we have more of them, by Brian Toohey, Australian Financial Review, Tuesday 20th October, 2015, page 55.
● “Japan …Three companies disclosed internal malfeasance in the space of 24 hours last week…Toyo Tire and Rubber...Asahi Kasei and Matsumoto Kiyoshi …optimists see it as a positive sign that companies are publicly admitting to problems; pessimists say companies are engaging in more bad behaviour without consequence”
Source: Japanese corporate scandals erupt like Whack-a-mole’, by Chris Cooper, Bloomberg, Australian Financial Review, Wednesday 21st October, 2015, page 12.
● “LNG made from coal seam gas (CSG)…low energy value (gas)…the low calorific value LNG….many Japanese importers could only accept gas with a higher energy value…market perceptions of CSG based LNG has changed markedly….and the Japanese are adapting to the new norm”
Source: ‘Girly Gas’ opens new LNG export markets, by Angela Macdonald- Smith, Australian Financial Review, Friday 23rd October, 2015, page 24.
● “More than 50% of Japanese hotels and ryokans nationwide bar entry…by guests with tattoos according to a survey by the Japan Tourism Agency (JTA)”
Source: 56 per cent of hotels in Japan bar visitors with tattoos from bathing facilities, October 22nd, 2015, Japan Today
https://www.japantoday.com/mobile/view/56-of-hotels-in-japan-bar-visitors-with-tattoos-from-bathing-facilities
japan, japanese, consumer, customer, news, picture, quote, business, marketing, insights, technology, trends, behaviour, www.japanesecustomer.com, @jcustomers, #japan. #japanese, #customer, #consumer, #news, #podcast, #video
October 20, 2015
Energy storage in Japan set to grow
Video:
Nissan Zero emission recharge station in Tokyo, Japan
"The Japanese market for energy storage systems (ESSes) will rapidly grow to 1,195,708kWh in 2017 and 3,306,600kWh in 2020, driven by residential products, according to the results of a survey by the Yano Research Institute Ltd."
Source: Japanese market for energy storage systems predicted to grow rapidly
By Kenji Kaneko, Nikkei BP CleanTech Institute
Oct. 19, 2015
Japan Today
http://www.japantoday.com/category/business/view/japanese-market-for-energy-storage-systems-predicted-to-grow-rapidly
Labels: Eco/Green, Industry, innovation, News, Statistics, Technology, Trends, Video
October 19, 2015
Video: How Japanese consumers will benefit from the TPP
Video:
Transcript
"Hi this is .....a special on "How will Japanese Customers benefit from the Trans Pacific Partnership trade deal?"
It has been reported that a deal was struck on Monday the 5th of October in Atlanta in the USA by the twelve members of the Trans Pacific Partnership. The twelve members are the United States, Australia, Peru, Vietnam, Singapore, New Zealand, Chile, Brunei, Malaysia, Mexico, Canada and Japan. Now it has been estimated that these countries cover about 40 per cent of global output.
Now if we look at income, according to the Wall Street Journal on Friday the 9th of October , the forecast increase in real income by 20125 that Japan would experience has been estimated at two percent and a calculation by the Japanese government in 2013 shows that the TPP would boost Japan's real gross domestic product by about 3.2 trillion yen or US$6.7 billion in about ten years time. On the other hand, Japan's agricultural output by value would be expected to fall by 3 trillion yen and that is based on the fact that when tariffs on all the items are removed.
So lets get look specifically to what will Japanese consumers see at the supermarket. Now according to news reported by Kyodo on October 10th, 2015, Japan will eliminate tariffs on about half of the eight hundred and thirty four agricultural products that are subjected to duties.
So remaining tariffs from a number of items including oranges, tomato juice, ketchup, sausages, beef tongue, red salmon, cherries, apples and grapes.
Lets have a look a bit closer at some of these. Now, currently the tariffs on oranges in Japan are set at 32 per cent, this 32 per cent is set between December and March whereas a 16 per cent tariff is applied between June and November.
According to reports this will be reduced in phases and eliminated in six years, that is 2021. For the June to November period in eight years, that is 2023 for the December to March periods.
If we look at tomato products such as ketchup and tomato juice, currently they have tariffs ranging from 17 to 29 per cent and these will be removed in the sixth year, that is 2021.
Beef tongue is also on the list and it currently has a 17.8 per cent duty and this will be removed in the eleventh year, that is 2026.
Fruit seems to be a highlight and quite important in this early stage as not all the information has been released yet but it seems that cherries which have a eight and a half per cent tariff, this tariff will be removed in the sixth year, that is 2021 and also apples they currently have a seventeen per cent tariff and this will be removed in the eleventh year, 2026.
Finally on fruits, grapes currently have up to a seventeen per cent tariff and this will be scrapped immediately.
Lets move on and look at rice. Under the agreement Japan will import more foreign rice, for example: from the USA they will increase their import of rice from 50,000 to 70,000 tonnes over a thirteen year period and for Australia an increase from 6,000 to 8400 tonnes over thirteen years. But from the consumers point of view it is unlikely that they will see a price reduction in rice when they visit the supermarket because of these changes.
Lets look a little bit broader and have a look at how the changes will impact the Japanese car industry.
In an article by Yuko Kubota and Eric Pfanner in the Wall Street Journal on Thursday the 5th of October 2015, their analysis shows that the Japanese car industry is hailing the TPP very highly because it would phase out the 2.5 per cent US duty on all imported cars over 25 years and this particularly benefits companies such as Toyota and Subaru. Now Japanese car makers have already shifted car production aggressively to foreign markets, for example, Vietnam and they have done this seeking to avoid tariffs, to protect themselves from currency fluctuations and to shorten their supply chains.
Now lets also look at another food, cheese. According to a report by Jared Lynch and Julianne Sprague in The Australian Financial Review on Wednesday the 7th of October , 2015, Australian farmers are quite excited because Australian cheese is very popular in Japan. Australian cheese when sent to Japan is blended with local product and in the past that has been at a ratio of two to one, now it was expected to be increased to three point five to one and to be tariff free within eleven years but it will now happen immediately once the TPP starts operating
In summary, from the Japanese consumers point of view we see the biggest impact is probably at the supermarket, for example: oranges, tomato juice, ketchup, sausages, beef tongue, red salmon, we have not got details on that yet, cherries, apples and grapes and over time we are going to see Australian cheese imported into Japan"
#japanesecustomer, #japan #news, #podcast, #october, #10th, #2105, #news, Lifestyle, Marketing, #economy, #business, #trends, #insights, #tpp, #consumers, #benefit, #video, #analysis, #tpp, www.japanesecustomer.com
October 16, 2015
Japanese Customer News October 17th 2015
● “Asia investment into Australia 24 months (Q3/2013 - Q2/2015)
Origin (US$M)
Singapore 6849
China 6263
Malaysia 1371
Hong Kong 1183
South Korea 306
Japan 241
Taiwan 60
Brunei 10
Source: Knight Frank”
Source: Wave of Asia cash floods market, by Samantha Hutchinson, The Australian, Thursday October 31st, 2015, page 31.
● “Japan’s manufacturing and exports sectors, for example, have borne the brunt of emerging markets slow down…BOJ…”The slow down in emerging economies” was weighing on the nations exports and production”
Shares of exports to emerging markets (2014)
US 46.6%
Japan 45%
Eurozone 24.6%
UK 20.2%
Canada 10.4%
Source: Wall Street Journal
Source: China slump hits rich countries by Anjani Trivedi, The Wall Street Journal, The Australian, Friday 16th October, 2015, page 25.
● “Toyota..has focused on hybrids..Toyota’s Mirai fuel-cell car can run 500km with a full tank of hydrogen, based on US testing standards. Rival Nissan’s Leaf electric car has an average range of 135 km with a fully charged battery”
Source: End of the road for petrol, diesel: Toyota, The Wall Street Journal, The Australia, Friday October 16th, 2015, page 25.
● “(Japan Post IPO)..Pricing at the top end of the range would raise roughly 1.4 trillion yen (AUS $16.2 billion) making the floatation the biggest in the world this year”
Source: Retail orders fuel surprising demand for Japan Post IPO’s by Leo Lewis, Financial Times, Australian Financial review, Friday October 16th, 2015, page 25.
● “Nikkei’s flagship financial newspaper has more than 3 million print and digital subscribers”
Source: Nikkei’s survival tied to US$1.3b, Financial Times deal by Tony Boyd, Australian Financial review, Friday October 16th, 2015, page 29.
● “Japan’s capacity to influence regional events is limited by the struggles of “Abenomics” to restore economic health”
Source: US asserts Asia-Pacific shift by Rowan Callick, The Australian, Monday 12th October, 2015, page 9.
● “About 49% per cent of retailers (in the USA) now offer free return shipping according to a study by the National Retail Federation…Many surveys have shown that consumers will often judge a company on its return policy”
Source: Retailers count costs of free return shipping by Loretta Chao, Wall Street Journal, The Australian, Tuesday October 13th, 2015, page 25.
● “Japan contributed (AUS$42 million) to UNESCO in 2014. UNESCO’s budget for the two year 2014 - 2015 period is (AUS$892 million)”
Source: Japan threat to cut funds to UNESCO, The Australian, Wednesday October 14th, 2015, page 8.
● “(Australian) Lion group which is owned by Japanese food and beverages giant Kirin…has a significant presecence (in) the Asian dairy sector with more than 20 per cent of the Hong Kong premium dairy segment and 19 per cent of the premium segment in Malaysia”
Source: Lion in China web, distributor alliance, by Damon Kitney, The Australian, Wednesday 14th October, 2015, page 21.
japan, japanese, consumer, customer, news, picture, quote, business, marketing, insights, technology, trends, behaviour, www.japanesecustomer.com, @jcustomers, #japan. #japanese, #customer, #consumer, #news, #podcast, #video
Labels: Culture, Lifestyle, Marketing, News, Podcast, Statistics, Technology, Trends, Video
October 11, 2015
Video: Japanese RIZAP TV commercial 2015
Video: Probably the most creative Japanese advertising campaign in 2015
(in Japanese) https://lnkd.in/eHTWTGs
ライザップ RIZAP CMまとめ
YouTubeライザップ RIZAP CMまとめ
Japanese Customer News October 10th 2015
● “The Trans- Pacific Partenrship deal signed between 12 Pacific Rim nations in Alanta this week is a historic pact…Australian farmers will benefit from Japan’s agreement to cut tariffs on a wide range of agricultural products including wheat, pork, beef and chicken”
Source: Future is in our hands: historic pact will step up Australia’s trade links by Glenda Korporal, The Australian, Wednesday October 7th, 2015, page 29.
● “The Japanese car industry has hailed the (TPP) trade agreement which would phase out the 2.5 per cent US duty on imported cars over 25 years, benefitting companies such as Toyota and Subaru…Japanese carmakers have already shifted production (Vietnam) aggressively, seeking to avoid tariffs, protect themselves from currency fluctuations and shorten supply chains”
Source: Not all Asian firms win with deal, by Yoko Kubota and Eric Pfanner, The Wall Street Journal, The Australian, Thursday 5th October, 2015, page 25.
● “Trade Boost, Forecast increase in real income by 2025
Vietnam 10.25%
Malaysia 5.6%
Japan 2%
New Zealand 2%
Singapore 1.9%
Australia 0.5%
Source: Wall Street Journal”
Source: Pact lures firms to Asia TPP nations, by Jake Maxwell Watts, & Kathy Chu, The Wall Street Journal, The Australian, Friday 9th October, 2015, page 24.
● “(TPP) Japan budged little on rice…(but) agreed to create a new 6000 tonne quota for Australian rice and cut tariffs on a number of rice preparation products. This is significantly less than the 50,000 tonne quota for US rice exports to Japan…Japan is a particularly attractive export market for Australian rice farmers because mills buy premium varieties…”We have been banging on Japan’s door for 20 years (Ian Blight, Griffith rice farmer) each time we try and get in they put up quarantine rules and when we pass the tests they add in more tests”
Source: Rice farmers reckon trade proof will be in the pudding, by Jared Lynch and Julie-Anne Sprague, Australian Financial Review, Wednesday October 7th, 2015, page 1 and 9.
● “For example: Australian cheese is blended with local product when it is sent to Japan at a ratio of 2 - 1.That was expected to be increased to 3.5 - 1 and be tariff free within 11 years, but it will happen immediately once the TPP starts operating”
Source: Rice farmers reckon trade proof will be in the pudding, by Jared Lynch and Julie-Anne Sprague, Australian Financial Review, Wednesday October 7th, 2015, page 9.
● “Japan view of the TPP trade pact - Japanese car and auto=parts makers may be the biggest winners, as they get cheaper access to the US, the industry’s biggest export market. Japan was forced to reduce some of the protections granted to its rice farmers, creating a non-tariff import quota of 1 per cent of its total consumption. Livestock farmers may be harder hit as tariffs on beef will be cut to 9 per cent over 16 years from 38.5 per cent, while pork tariffs will also be slashed”
Source: Winners & Losers from TPP, Australian Financial Review, Bloomberg, Wednesday October 7th, 2015, page 44.
● “Japan is threatened with both labour shortages and an explosion in welfare costs as one of the worlds lowest birth rates and grayest populations is set to slash the workforce by almost half by 2060. Mr. Abe’s new plan seeks to prevent the 127 million population from sliding below 100 million, within half a century by encouraging people to have more children, and implementing measures to ease the burden on workers having to care for elderly relatives…policies to boost the birthrate and expand spending on elderly and child care”
Source: Abe targets Japan population slide, by Isabel Reynolds, Australian Financial Review, Thursday October 8th, 2015, page 18.
● “China’s renminbi has surpassed the Japanese yen to become the world’s fourth- most-used payments currency, despite an unexpected devaluation and concerns about slowing Chinese growth”
Source: Renminbi over takes yen for payments, trails big three, by Gabriel Wildow, Financial Times, Australian Financial review, Thursday October 8th, 2015, page 37.
● “Japanese Nobel Prize Winners 205
“Physics - Takaaki Kajita shared with Arthur McDonald for the discovery of neutrino oscillators, which shows that neutrinos have mass.
Medicine: Satoshi Omura shared with William Campbell and Tu Youyou for their discoveries concerning a novel therapy against infections caused by roundworm parasites”
Source: Wikipedia, accessed October 10th, 2015, www.wikipedia.com
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