The latest figures show Japan’s exports climbing – so what’s got the country’s manufacturers feeling worse? Yonggi Kang reports on the darker side of the country’s trade picture.
Tepco acknowledged last week that hundreds of tons of highly radioactive water had leaked from one of around 350 tanks that were assembled quickly after the 2011 nuclear meltdowns at the Fukushima Daiichi Nuclear Plant. Today’s graphic is a timeline of problems reported at the plant since last January.
China appears at risk of slipping into the same kind of economic coma that has defined Japan for the last 20 years. Today’s graphic compares the two economies using a variety of key indicators.
In the midst of a global shipping downturn, new orders for Chinese builders fell by half last year. In Rongsheng’s case, it won orders worth $55.6 million last year, compared with a target of $1.8 billion. Today’s graphic shows global shipping orders broken down by the number/type of ships and the amount for China, Japan and Korea. It also includes new build activity by type and costs.
As new opportunities for banks, financial institutions and markets abound throughout the Asia Pacific region, we are providing services and solutions to meet their changing global financial needs with both global reach and local solutions. What’s not new is our presence there – our company has been doing business in the region since 1851. Here are just a few examples of how we’re serving customers across the region:
- 18 central banks and government organizations in Asia Pacific have signed on to the flagship Thomson Reuters Eikon platform.
- 21 banks in Nepal have signed up for Thomson Reuters Dealing allowing the Nepalese rupee to trade alongside other major international currencies for the first time and connects the country with the larger global trading community.
- Available in Japan, India, Singapore, and Hong Kong, Thomson Reuters Elektron Managed Services, has recently rolled out into the Taiwan market as well.
The Japanese government is set to urge the nation’s public pension funds – a pool of over $2 trillion – to increase their investment in equities and overseas assets as part of a growth strategy heralded by Prime Minister Shinzo Abe. Today’s graphic shows how Japan’s GPIF stacks up against the public pensions in Norway and Canada.
A group of U.S. Navy officers involved in humanitarian efforts after the 2011 earthquake and tsunami in Japan has filed a $1 billion class-action lawsuit against the owner of the Fukushima Dai-ichi nuclear plant for allegedly concealing the extent of radiation exposure from a reactor meltdown.
Tokyo Electric Power Co. falsely told the public that the radiation leaking from the Fukushima plant was not dangerous because any delay in assistance to area residents might hurt the company’s reputation and finances, the suit says.
Shigeru Iwasaki, the highest-ranking uniformed officer in Japan’s military, talked to Reuters on the nation’s defense strategy at a time when Sino-Japanese tensions mount over disputed East China Sea islets and North Korea continues to intensify its aggressive rhetoric. Today’s graphic compares the military strength of Japan, China, and North Korea.
Tokyo has resumed its place as the world’s most expensive city. This is a familiar position for the Japanese capital, which has been the world’s most expensive city for all but a handful of the last 20 years. Today’s graphic ranks the 10 most expensive cities according to the Economist Intelligence Unit’s report.
Japan’s government stepped in to give Boeing Co’s now-grounded 787 Dreamliner and its made-in-Japan technology a boost in 2008 by easing safety regulations, to fast-track the rollout of the groundbreaking jet for Japan’s biggest airlines. Today’s graphic shoes a timeline of 787 Dreamliner orders as well as recent safety issues.