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By Daniel Leussink and Akiko Okamoto TOKYO (Reuters) – When Japan handed Tokyo bus driver Keiki Nambu and his wife, Takako, $870 for each of their nine children, they spent it exactly as the government had feared: paying down a mortgage instead of going shopping. That kind of financial prudence has helped Japanese households amass …

Japan’s 11-member Nambu family shows allure of frugality, limits of stimulus Read More »

By Hyonhee Shin SEOUL (Reuters) -North Korea’s parliament pledged to develop the economy and improve people’s livelihoods in the face of a “persevering struggle” against international sanctions and the coronavirus pandemic, state media said on Tuesday. The Supreme People’s Assembly (SPA), the reclusive state’s rubber-stamp parliament, gathered on Feb. 6-7 to discuss the budget and …

N.Korea calls for economic growth, improved lives despite ‘persevering struggle’ Read More »

By Tim Kelly and Maki Shiraki TOKYO (Reuters) – South Korea’s Hyundai Motor Co said on Tuesday it is returning to Japan 12 years after leaving because of poor sales, as growing demand for electric vehicles offers a fresh opening in a market dominated by Toyota Motor. Hyundai said it will sell its Nexo SUV …

South Korea’s Hyundai Motor to take a fresh crack at Japan sales Read More »

TOKYO (Reuters) – Japan’s service sector sentiment index fell in January for the first time in five months, a Cabinet Office survey showed on Tuesday, taking a hit from curbs to stem a record rise in coronavirus infections. The survey of workers such as taxi drivers, hotel workers and restaurant staff, called “economy watchers” for …

Japan Jan service sector sentiment worsens – govt Read More »

By Leika Kihara TOKYO (Reuters) – As Japan’s long-term interest rates rise, investors are wondering at what point the central bank will step in to defend its 0% target for the 10-year yield as part of an ultra-easy monetary policy. Prospects of accelerated U.S. policy tightening have pushed the benchmark 10-year Japanese government bond (JGB) …

Explainer-What the BOJ can do about rising Japanese bond yields Read More »

By David Lawder (Reuters) – The United States and Japan on Monday announced a deal to remove Trump-era tariffs from about 1.25 million metric tons of Japanese steel imports annually after Washington granted similar access for European Union steelmakers last year. The new deal, which excludes aluminum, will take effect on April 1 and requires …

U.S., Japan reach deal to cut tariffs on Japanese steel, fight excess output Read More »

By Heekyong Yang and Joyce Lee SEOUL (Reuters) – Battery maker LG Energy Solution Ltd (LGES) said on Tuesday it aims to boost sales by about 8% in 2022, forecasting a pick-up in demand for electric vehicle (EV) batteries as a global chip shortage eases later this year. The newly listed South Korean firm, which …

EV battery giant LG Energy Solution sees demand rising as chip shortage eases Read More »