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EU-Japan FTA - Abe, Tusk, Juncker EU and Japan Sign Breakthrough Free Trade Agreement - In a boost for global free trade, Japanese Prime Minister Shinzo Abe and EU Presidents Jean-Claude Juncker and Donald Tusk yesterday signed the Japan-EU Economic Partnership Agreement (EPA) to lay the ground work for the creation of an open trade zone covering over 600 million people. Also known as JEFTA, the deal has been long in the making, but was […]
Ministry of Economy, Trade and Industry (METI) METI Releases White Paper on International Economy and Trade 2018 - The global economy is facing significant shifts, according to the 2018 White Paper on International Economy and Trade released recently by the Ministry of Economy, Trade and Industry (METI). These shifts include movements against the free trade system under the WTO, advancement of digital transformation including expanding digital trade, and the rise of China and other emerging and developing economies. […]
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EU Data Protection GDPR bits and bytes GDPR: A Curse or a New Milestone in Data Protection Regulation? - Data has become a valuable resource and currency over the past years. Methods of data processing, profiling and automated decision making are improving constantly, enhancing business processes and customer relations. From the perspective of the EU, it was just about time to update the old 1995 Data Protection Directive to protect its citizens against data and privacy breaches. Adopting the […]
Odaiba Illumination Japan’s Casino Gambling Bill Gets Green Light - Japan is on the verge of joining the global casino community thanks to a bill that is set to be passed by the Diet. The parties involved have reached an agreement over the structure of the bill which will see local residents charged an entrance fee of 6,000 yen to use casinos while visitors from overseas will have free access. […]
Ministry of Economy, Trade and Industry (METI) Path to Power: New METI Report on Corporate Law and International Competitiveness - The Ministry of Economy, Trade and Industry (METI) said it has released a report on Corporate Law and International Competitiveness, covering ideal approaches to legal functions in Japanese companies. It is the result of work by the Study Group for Development of Ideal Approaches to Legal Functions in Japanese Companies for Enhancement of International Competitiveness, which aims at discussing policy […]
JAXA Tanegashima Space Center JAXA and JAMA Work Together on AI Systems for Self-Driving Cars - The Japan Aerospace Exploration Agency (JAXA) said that it started collaboration with the Japan Automobile Manufacturers Association (JAMA) on quality assurance of AI platforms designed to drive autonomous automobiles. In working with Japan’s car industry, JAXA aims to obtain the knowledge necessary to develop safe AI software onboard spacecraft. Through developing spacecraft and other pursuits, JAXA has acquired and built […]
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  • Toyo Tires Revises Annual Forecast Downward Following Extraordinary Loss, Shifting Conditions Aug. 21, 2018
    Toyo Tire & Rubber Co. Ltd. (TYO:5105) has downwardly revised its results forecast for calendar 2018, lowering its projections for sales by 1.3 percent, operating profit by 4.3 percent, ordinary profit by 5.2 percent and net profit by 24.1 percent when compared to initial estimates. Explaining the adjustment to operating profit, company president Takashi Shimizu […]
  • Yokohama Rubber Appears Set to Meet Early 2018 Performance Projections Aug. 20, 2018
    Yokohama Rubber Co. Ltd.’s (TYO:5101) consolidated results for calendar 2018 appear set to hold to the company’s forecast announced this past February. While this has been helped along by natural rubber prices dropping 7 cents from what had been expected, a surge in crude oil prices has brought increases to synthetic rubber and carbon black […]
  • Sumitomo Rubber Downwardly Revises Results Forecast for 2018 Aug. 17, 2018
    Sumitomo Rubber Industries Ltd. (TYO:5110) has announced a downward revision to its forecast of business results for calendar 2018. Compared to the company’s initial forecast, the revision sees sales lowered by 1.1 percent, business profit by 6.8 percent and net profit by 10.4 percent. The main factor behind the revision is Sumitomo Rubber’s tire business, […]
  • Carbon Black Association Makes Upward Revision to 2018 Demand Forecast Aug. 16, 2018
    The Carbon Black Association has upwardly revised its demand forecast for carbon black in a midyear revision. Under the association’s new estimates, total demand for domestic product this year – including exports – is now set to hit 765,050 tons. Previously, this figure was projected at 759,049 tons, which would have represented a flat growth […]
  • Bridgestone Sees Higher Sales, Lower Operating Profit for First Half of 2018 Aug. 15, 2018
    Bridgestone Corp. (TYO:5108) has released its business results for the first half of calendar 2018, showing 1.9 percent year-on-year sales growth to total 1.78 trillion yen ($15.98 billion) for the period. Meanwhile, the company’s operating profit fell 1.4 percent to 199.43 billion yen, ordinary profit was down 2.6 percent to 190.76 billion yen, and net […]
  • Lanxess Agrees to Sell 50% Stake in Arlanxeo to JV Partner Saudi Aramco Aug. 14, 2018
    Lanxess AG recently announced that it signed an agreement on Aug. 8 to sell its 50 percent stake in Arlanxeo, a manufacturer of synthetic rubber, to state-owned Saudi Arabian Oil Co. The German-based specialty chemicals manufacturer first established Arlanxeo in 2016 as a 50–50 joint venture with the Saudi firm, which is also known as […]
  • Sumitomo Rubber Launches South African Production for Truck and Bus Tires Aug. 13, 2018
    Sumitomo Rubber Industries Ltd. (TYO:5110) announced on Aug. 7 that it has established production facilities for truck and bus tires at its South Africa Factory, beginning production for this on July 19. Having invested approximately 970 million rand ($64.73 million) into the facilities, the company expects that production capacity will get up to 750 truck […]
  • Zeon’s Elastomer Business Sees Rising Sales, Falling Profits for First Quarter Aug. 10, 2018
    Zeon Corp. (TYO:4205) has released its results for the first quarter of fiscal 2018, showing its sales for the period as having risen 1.1 percent year-on-year to reach 83.67 billion yen ($754.26 million). Meanwhile, the company’s operating profit was down 13 percent to 8.46 billion yen, while its ordinary profit fell 10.6 percent to 9.66 […]

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Japan’s Political System

Japan is a large and firmly established democracy in form of a constitutional monarchy in Asia. Learn more

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Japan’s Automotive Industry

Japan is one of the most important auto-making countries in the world. Brands like Toyota, Honda or Suzuki are household names worldwide. Learn more

Tokyo Skyline With Tokyo Tower


Japan’s Rubber Industry

Tires, cars, or buildings: Modern life is unthinkable without rubber. And Japan boasts one of the most developed rubber industries worldwide. Learn more

Entrance Japan Industry Federation in Marunouchi Tokyo


Japan’s Chemical Industry

People often do not realize that almost everything they touch in daily life originates in the chemical industry. The Japanese chemical industry is the third largest in the world. And it is the second largest manufacturing industry in Japan. Learn more

Japanese Machinery Industry - Yurakucho Station


Japan’s Machinery Industry

Japan has one of the most important industrial machinery industries in the world. It is home to a broad range of famous brands, globally renowned for their history and high quality. Learn more

Japanese Industry Newspapers


Japan’s Newspaper Structure

Most people in the West are familiar with 3-tiered newspaper structures. Japan’s 5-tier system is more differentiated. Learn more

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by Jochen Legewie
Jochen LegewieJochen Legewie is Managing Director of the Tokyo office of strategic communications consultancy CNC. Gain insights into Japan from a macro perspective through his highly readable and relevant blog.

Japan Automotive Daily Ceases Publication - We are very sorry to inform you that JapanAutomotiveDaily.com, the English online edition of Nikkan Jidosha Shimbun, is ceasing publication today. While the website will remain online for some time afterward, no further articles will be published after Friday, June 29, 2018. We would like to again express our deepest thanks to our readers for their patronage. In accordance with […]

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