Japan

G-20 talks trade, finance as Japan readies for Osaka summit

FUKUOKA, Japan (AP) — Trade and economy ministers of the Group of 20 major economies met Sunday in Japan to discuss ways to reorder trade rules and finances in an era of technological change and protectionism.

The meetings of financial leaders in the southern city of Fukuoka and of economic ministers in Tsukuba, near Tokyo, are aiming to forge a consensus on a range of issues to be endorsed by leaders who will meet in late June in Osaka.

Mnuchin to hold 1-on-1 chat with PBOC Gov. Yi

FUKUOKA, Japan (AP) — The Latest on the meeting of financial leaders of the Group of 20 major economies (all times local):

1:50 p.m.

U.S. Treasury Secretary Steven Mnuchin says he plans to speak one-on-one with China’s central bank governor about trade.

Mnuchin said Saturday that he would hold routine talks on various issues and then meet privately with Yi Gang, chairman of the People’s Bank of China.

G-20 finance chiefs mull ‘fair tax’ reforms to boost growth

FUKUOKA, Japan (AP) — Finance chiefs of the Group of 20 major economies meeting in the Japanese city of Fukuoka debated Saturday over how to revise tax systems to ensure big companies pay their fair share and support economies as global growth slows.

One aim is to prevent a “race to the bottom” by countries trying to lure companies by offering unsustainably and unfairly low tax rates as an incentive.

Japan plans carbon emission cuts, more nuclear energy

TOKYO (AP) — Japan is calling for further efforts to cut carbon emissions by promoting renewables but also nuclear energy despite the 2011 Fukushima reactors meltdowns.

The energy white paper, adopted by the Cabinet Friday, says Japan faces an “urgent task” of reducing carbon emissions coming from utilities that have relied heavily on fossil fuels to make up for shortages of cleaner nuclear energy. The call comes as the Fukushima nuclear reactors are slowly being restarted amid lingering anti-nuclear sentiments since the 2011 crisis.

Asian stocks trail US rise on US-Mexico trade deal optimism

TOKYO (AP) — Asian shares were mostly higher Friday on investor optimism about a possible trade deal between the U.S. and Mexico before tariffs take effect.

Japan’s Nikkei 225 gained nearly 0.4% to 20,850.24 in morning trading, while Australia’s S&P/ASX 200 rose 0.5% to 6,416.50. South Korea’s Kospi was little changed but inched up less than 0.1% to 2,069.75. Hong Kong’s Hang Seng added nearly 0.3% to 26,965.28, while the Shanghai Composite lost 1.2% to 26,965.28.

Tokyo stocks rise in morning tracking gains on Wall Street

TOKYO, June 6 (Xinhua) -- Tokyo stocks rose Thursday morning following Wall Street's overnight lead, but gains were capped amid concerns over the United States' failure to reach a deal with Mexico on tariffs.

The 225-issue Nikkei Stock Average gained 56.36 points, or 0.27 percent, from Wednesday to 20,832.46.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 0.51 point, or 0.03 percent, at 1,530.59.

6.1 magnitude earthquake rocks remote Japanese islands

TOKYO, June 4. /TASS/: An earthquake of 6.1 magnitude has rocked Japan's remote Ogasawara islands, Japan Meteorological Agency said on Tuesday.

The earthquake's epicenter lay at the depth of 440 km.

No injuries or damages were reported. A tsunami alert was initially issued but was cancelled several minutes later.

Lavrov slams US allegations about nuclear tests in Russia as absurd

TOKYO, May 31. /TASS/: The United States’ allegations that Russia is conducting nuclear tests are just absurd speculations that the Preparatory Commission for the Comprehensive Nuclear-Test-Ban Treaty Organization has proved as baseless, Russian Foreign Minister Sergey Lavrov said following a meeting with his Japanese counterpart Taro Kono on Friday.

"As for allegations about Russia conducting nuclear threats, representatives of the Comprehensive Nuclear-Test-Ban Treaty Organization and credible US experts have already proved these speculations as absurd," he pointed out.

Asian shares mixed, trade worries continue on Trump tariffs

TOKYO (AP) — Asian shares were mixed Friday as trade worries continued after President Donald Trump announced additional tariffs on imports from Mexico.

Japan’s benchmark Nikkei 225 dipped 0.7% in early trading to 20,796.38, while Australia’s S&P/ASX 200 inched down 0.1% to 6,383.70. South Korea’s Kospi gained 0.4% to 2,046.56. Hong Kong’s Hang Seng was little changed but up by less than 0.1% to 27,115.53, and the Shanghai Composite gained 0.3% to 2,914.46.

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