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Japan logs trade deficit of 38 bln USD in fiscal 2023

STORY: Japan logs trade deficit of 38 bln USD in fiscal 2023 SHOOTING TIME: file DATELINE: April 17, 2024 LENGTH: 00:00:55 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo STORYLINE: Japan's trade deficit in fiscal 2023 shrank around 70 percent from a year earlier to 5.89 trillion yen (about 38 billion U.S. dollars), government data showed Wednesday. In the fiscal year ended March, exports expanded 3.7 percent to 102.90 trillion yen, topping 100 trillion yen for the first time and marking a record high for the third straight year, according to a preliminary Finance Ministry report. Automobile exports, which account for about 17 percent of Japan's total, grew 30.2 percent to 17.88 trillion yen, eclipsing the previous record of 14.67 trillion yen in fiscal 2007. In contrast, imports dived 10.3 percent to 108.79 trillion yen, falling for the first time in three years, chiefly reflecting falls in imports of coal and liquefied natural gas. With a weaker yen inflati

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8 babies left at 'baby hatch' in Kumamoto

KUMAMOTO, Japan - Taiji Hasuda, president of Jikei Hospital in Kumamoto, speaks at a press conference in the southwestern Japanese city on May 22, 2012. Eight infants were left during fiscal 2011 at the ''baby hatch'' facility for unwanted newborns set up at the hospital, the lowest number since it opened in May 2007, the Kumamoto city office said the same day.

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Hokkaido professors receive cash from PhD recipients

SAPPORO, Japan - Masaaki Hemmi (R), vice president of Hokkaido University, speaks at a news conference in Sapporo, Hokkaido, on April 22. Hemmi and the other university vice president, Minoru Wakita (L), met the press after nine professors and associate professors at the university were found to have received cash and gift certificates from seven people who acquired doctorate degrees after their theses were examined by them between fiscal 2007 and 2008.

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Japan cancels humanitarian aid to disputed islands

MOSCOW, Russia - A Japanese ship is seen anchored off Kunashiri, one of four disputed Russian-held islands, on Jan. 28. The Japanese government decided to cancel humanitarian assistance to the four islands for the remainder of fiscal 2008 through March after Russia demanded the previous day that Japanese officials on board submit arrival cards before disembarking. Russia had not made such a request when Japan delivered aid previously in 2006 and 2007.

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Consumers' annual losses estimated at 3.4 tril. yen in Japan

TOKYO, Japan - Japan's state minister for consumer affairs Seiko Noda speaks during a news conference in Tokyo on Dec. 26. The government earlier in the day estimated consumers' losses from vicious business practices in Japan at 3,392.2 billion yen in fiscal 2007.

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Audits reveal inappropriate accounting totaling 125 bil. yen

TOKYO, Japan - Prime Minister Taro Aso (R) receives from Kazuo Fushiya, president of the Board of Audit, the board's report for fiscal 2007 at the prime minister's office on Nov. 7. The report revealed 981 cases of inappropriate accounting totaling 125.36 billion yen at government agencies, ministries and government-funded corporations.

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Court dismisses suit by elderly on right to survival

TOKYO, Japan - Plaintiffs in a welfare payment case enter the Tokyo District Court on June 26. The court dismissed a lawsuit filed by 12 welfare recipients who sought to revive an extra welfare payment for the elderly aged 70 and up, citing their constitutional right to a minimum standard of cultured life. The extra payment was abolished in fiscal 2006 that ended in March 2007 due to financial constraints on the central and local governments.

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Sanyo returns to black in FY 2007 for 1st time in 4 years

OSAKA, Japan - Seiichiro Sano, president of Sanyo Electric Co., speaks about the company's group earnings report for fiscal 2007 at a hotel in Osaka on May 22. Sanyo returned to the black for the first time in four years due to robust sales of rechargeable batteries and digital cameras.

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Mitsubishi UFJ's FY 2007 group net profit down 27.7%

TOKYO, Japan - Nobuo Kuroyanagi, president of Mitsubishi UFJ Financial Group Inc., said in Tokyo on May 20 that group net profit fell 27.7 percent in fiscal 2007 from the year before to 636.62 billion yen.

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Sony logs record sales, profit in fiscal 2007

TOKYO, Japan - Nobuyuki Oneda, chief financial officer of Sony Corp., briefs reporters on the company's group earning report for fiscal 2007 in Tokyo on May 14. Sony booked record-high group sales and net profit on brisk sales of its Bravia flat-panel televisions and digital cameras.

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Mizuho incurs further subprime loss in FY 2007

TOKYO, Japan - Terunobu Maeda (L), president and chief executive officer of Mizuho Financial Group Inc., briefs reporters on the group's earnings report for fiscal 2007 in Tokyo on May 15. Mizuho group's net profit fell 49.8 percent in fiscal 2007 from a year earlier to 311.22 billion yen.

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Sony logs record sales, profit

TOKYO, Japan - Nobuyuki Oneda, chief financial officer of Sony Corp., briefs reporters on the company's group earning report for fiscal 2007 in Tokyo on May 14. Sony booked record-high group sales and net profit on brisk sales of its Bravia flat-panel televisions and digital cameras.

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Nissan's FY 2007 net profit up 4.7%, but outlook dismal

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn speaks at a news conference in Tokyo on May 13. Nissan said its group net profit in fiscal 2007 rose 4.7 percent from a year earlier to 482.26 billion yen but it expects sales and profits to fall in the current business year due partly to a stronger yen and a sluggish U.S. market.

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Toyota expects 1st operating profit fall in 9 yrs

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe speaks at a press conference in Tokyo on May 8 on the automaker's business results in fiscal 2007. Toyota posted record-high sales and profits in fiscal 2007 as solid vehicle sales in emerging economies and oil-producing nations offset adverse factors. But its group operating profit is projected to fall 29.5 percent to 1.6 trillion yen in fiscal 2008, down for the first time in nine years, due chiefly to the strong yen against the dollar and other key currencies and a slump in the North American auto market.

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Tokyo Electric falls into red for 1st time in 28 years

TOKYO, Japan - Tsunehisa Katsumata, president of Tokyo Electric Power Co., speaks at a news conference in Tokyo on April 30. The utility said it fell into the red in fiscal 2007 for the first time in 28 years, with a group net loss of 150.11 billion yen.

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Matsushita logs record net profit on firm sales of digital gear

TOKYO, Japan - Matsushita Electric Industrial Co. President Fumio Otsubo announces in Tokyo on April 28 that his company's group net profit in fiscal 2007 climbed 29.8 percent from the previous year to a record 281.88 billion yen as steady sales in digital and household appliances offset a financial hit stemming from the status change of key group member Victor Co. of Japan.

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Mazda reports record earnings for FY 2007

HIROSHIMA, Japan - Hisakazu Imaki, representative director and president of Mazda Motor Corp., speaks about the company's earnings report for fiscal 2007 at a news conference in Hiroshima on April 25. Mazda's group net profit rose 24.5 percent from the previous year to a record 91.84 billion yen.

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Competition, tax rule change put drag on Sharp's FY 2007 profit

OSAKA, Japan - Sharp Corp. President Mikio Katayama briefs reporters on the company's earnings report for fiscal 2007 in Osaka on April 25. Sharp's group operating profit fell 1.5 percent to 183.69 billion yen for the first fall in six years.

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Popular DS, Wii games boost Nintendo's profit to record high

OSAKA, Japan - Nintendo Co. President Satoru Iwata told reporters in Osaka on April 24 that the company's group net profit surged 47.7 percent from the previous year to a record high of 257.34 billion yen in fiscal 2007 due to the strong popularity of its DS and Wii game consoles.

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Suzuki WagonR, Japan's best-selling vehicle for 4th year

TOKYO, Japan - The Suzuki WagonR minicar, Japan's best-selling vehicle for the fourth straight year in fiscal 2007 with sales up 1.5 percent from the previous year to 224,082 units, according to industry data released April 4. Minicars are equipped with engines of up to 660 cc.

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Tokyo stocks fall over 2% on uncertain Japan, U.S. outlooks

TOKYO, Japan - An electric market board in Tokyo's Marunouchi business district shows the benchmark Nikkei Stock index losing 294.93 points to close at 12,525.54 on March 31, the last day of fiscal 2007.

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Shinsei Bank revises up profit estimate on headquarters sale

TOKYO, Japan - The head office building of Shinsei Bank in Tokyo's Chiyoda Ward. Shinsei revised its fiscal 2007 group net profit forecast upward to 65 billion yen on March 13 due to its 56 billion yen one-off gain from the sale of its Tokyo head office building to a Morgan Stanley associate.

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Cabinet OKs 895.4 bil. yen extra budget for FY 2007

TOKYO, Japan - Prime Minister Yasuo Fukuda is about to take his seat at an extra Cabinet session convened in the Diet building on Dec. 20 to approve an 895.4 billion yen supplementary budget for fiscal 2007.

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MOF proposes 83 tril. yen budget

TOKYO, Japan - Finance Minister Fukushiro Nukaga arrives at the Diet building to attend an extra Cabinet session convened on Dec. 20 to approve an 895.4 billion yen supplementary budget for fiscal 2007. Earlier in the day, the Finance Ministry proposed a state budget for fiscal 2008 totaling 83,061.3 billion yen centering on measures to revitalize regional economies and improve medical and education services.

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Mitsubishi UFJ's 1st-half group net profit plunges 49%

TOKYO, Japan - Nobuo Kuroyanagi, president of Mitsubishi UFJ Financial Group Inc., briefs reporters on the group's earnings report for the first half of fiscal 2007 at the Bank of Japan's headquarters in Tokyo on Nov. 21.

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Sumitomo Mitsui's 1st-half net profit down 30%

TOKYO, Japan - Sumitomo Mitsui Financial Group Inc. President Teisuke Kitayama on Nov. 19 attends a news conference in Tokyo where the company said its consolidated net profit for the first half of fiscal 2007 dropped 30.0 percent from a year before to 170.59 billion yen. SMFG blamed the lowered earnings on losses incurred from its subprime-related securities products and slumping stocks of affiliated consumer loan companies.

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Mizuho Financial's 1st-half net profit falls 16.6%

TOKYO, Japan - Terunobu Maeda, president of Mizuho Financial Group Inc., speaks at a news conference in Tokyo on Nov. 14 as the banking group said its consolidated net profit for the first half of fiscal 2007 dropped 16.6 percent from a year before to 327.06 billion yen.

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Mazda sees record 1st-half group operating profit, sales

HIROSHIMA, Japan - Hisakazu Imaki, president of Mazda Corp., appears at a news conference in Hiroshima on Nov. 2 in which the company said it posted its largest-ever first-half group operating profit and sales for the first six months of fiscal 2007. on the back of steady demand for its cars overseas and favorable exchange rates.

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Tokyo Electric to fall into red in FY 2007

TOKYO, Japan - Tsunehisa Katsumata, president of Tokyo Electric Power Co., briefs reporters on the company's full-year earnings estimate for fiscal 2007 in Tokyo on Oct. 31. Japan's biggest utility is expected to fall into the red in fiscal 2007 for the first time in 28 years, affected by the shutdown of its key nuclear power reactor and rising fuel costs.

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Nuke plant shutdown to dent TEPCO profits by 400 bil. yen in FY 2007

TOKYO, Japan - Tokyo Electric Power Co. President Tsunehisa Katsumata speaking at a news conference in Tokyo on July 31. Tokyo Electric says it has sharply lowered its group profit estimates for fiscal 2007 because the shutdown of a nuclear power plant after a huge earthquake earlier this month is expected to reduce profit by up to 400 billion yen.

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Sumitomo to promote investment in resources development

TOKYO, Japan - Susumu Kato, president of major Japanese trading house Sumitomo Corp., said in a recent interview with Kyodo News that his company will promote the development of resources under its new business plan for fiscal 2007 and 2008 that sets aside around 600 billion yen for investment and loans. The interview was conducted after Kato assumed the post of president in June.

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Gov't panel adopts 2007 economic blueprint

TOKYO, Japan - Prime Minister Shinzo Abe (2nd from left) addresses a meeting of the Council on Economic and Fiscal Policy, called on June 19 to endorse its 2007 economic policy guidelines featuring a pledge to further slash spending, narrow gaps in tax revenues between municipalities in urban and rural areas, and step up efforts to fight global warming.

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Gov't panel adopts 2007 economic blueprint

TOKYO, Japan - Economic and fiscal policy minister Hiroko Ota speaks at a press conference on June 19 after the Council on Economic and Fiscal Policy endorsed 2007 economic policy guidelines featuring a pledge to further slash spending, narrow gaps in tax revenues between municipalities in urban and rural areas, and step up efforts to fight global warming.

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Half of imperial villa premises in Tochigi to open to public

TOKYO, Japan - Photo taken June 19 2007 shows the premises of the Nasu Imperial Villa in Tochigi Prefecture and its vicinity. The Imperial Household Agency and the Environment Ministry said June 19 that they will permanently open to the public nearly half of the premises of the 1,200-hectare estate, possibly beginning in fiscal 2011 in response to Emperor Akihito's suggestion that it be used as a place where people can have contact with nature.

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Economic policy blueprint features 'maximum' spending cuts

TOKYO, Japan - Prime Minister Shinzo Abe (2nd from right) is flanked by economic and fiscal policy minister Hiroko Ota (far right) and Chief Cabinet Secretary Yasuhisa Shiozaki at a meeting of the Council on Economic and Fiscal Policy on June 4. The Cabinet Office unveiled a draft of the 2007 economic and fiscal policy guidelines at the session.

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Sanyo Electric to bolster lithium ion battery output

OSAKA, Japan - Sanyo Electric Co. Board Director Mitsuru Honma says in an interview with Kyodo News on June 4 that the company will bolster output of lithium ion batteries for use in personal computers and other electronics gadgets to grab a 35 percent global market share in fiscal 2007 to next March 31, up from 29 percent in fiscal 2006.

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Sony expects 6-fold rise in operating profit for FY 2007

TOKYO, Japan - Nobuyuki Oneda, chief financial officer of Sony Corp., briefs reporters in Tokyo on May 16 on the company group's earnings projections for fiscal 2007.

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Nintendo group net profit for FY 2006 surges 77%

OSAKA, Japan - Nintendo Co. President Satoru Iwata speaks about the company's earnings report for fiscal 2006 and business prospects for fiscal 2007 at a news conference in Osaka on April 26. Nintendo's group net profit surged 77.2 percent from the previous year to 174.29 billion yen on sales of 966.53 billion yen, up 89.8 percent, as its game consoles and software titles sold well.

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U.S. willing to help Japan choose new mainstay fighters

WASHINGTON, United States - A photo taken in February 2007 shows a state-of-the-art F-22A stealth fighter landing at Kadena air base in Okinawa. Dennis Wilder, senior director for East Asian affairs at the National Security Council, said on April 25 that the United States wants to help Japan choose new fighters to replace the aging F-4EJ fighters to be scrapped from fiscal 2008.

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Over 850,000 new recruits mark 1st day of work across Japan

TOKYO, Japan - Some 1,700 recruits of Toyota Motor Corp. sing a company song during an induction ceremony at the company's head office in Toyota City, Aichi Prefecture, on April 2. An estimated 850,000 new recruits marked their first day of work across Japan on April 2, the first business day of fiscal 2007.

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Japan's parliament approves 83 tril. yen FY 2007 budget

TOKYO, Japan - Prime Minister Shinzo Abe (R) and Foreign Minister Taro Aso (L) bow in appreciation after the Diet approved Japan's 82.91 trillion yen fiscal 2007 budget on March 26 with the backing of the governing Liberal Democratic Party and junior coalition partner New Komeito party.

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Fujiya expects to book net loss of 6.7 bil. yen in FY 2006

TOKYO, Japan - Confectioner Fujiya Co. said March 13 it expects to book a group net loss of 6.7 billion yen in the current fiscal year to March 31, revising its November forecast of a profit of 800 million yen, due to the revelation of its use of expired ingredients in cake products. Although Fujiya will chalk up extraordinary profits from sales of assets, including the land and building of its head office in Tokyo's Ginza shopping district (shown in photo taken in January 2007), the net loss will be unavoidable because of the large scandal-related losses.

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FY 2007 budget passes lower house

TOKYO, Japan - Fatigue shows on the face of Prime Minister Shinzo Abe who attended a late-night Diet session to get the government's fiscal 2007 budget through the House of Representatives. The photo was taken 12:41 a.m. on March 3, with Abe seated at the Cabinet bench in the lower house.

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Lower house budget committee OKs 83 trillion yen FY 2007 budget

TOKYO, Japan - Members of the ruling coalition of the Liberal Democratic Party and the New Komeito party stand up to approve the 82.91 trillion yen budget plan for fiscal 2007 at a meeting of the House of Representatives Budget Committee on March 2, while members of the opposition parties surround the committee chairman, Kazuyoshi Kaneko, to protest against his handling of the panel proceedings.

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House of Representatives set to vote on budget March 2

TOKYO, Japan - Ruling and opposition executive members of the House of Representatives Budget Committee meet at the Diet on March 1 to set the schedule for a full House vote on the fiscal 2007 state budget. The vote was set for March 2, a decision made unilaterally by Kazuyoshi Kaneko of the Liberal Democratic Party, chairman of the House of Representatives Budget Committee.

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Panel OKs midterm economic policy to boost growth

TOKYO, Japan - Economic and Fiscal Policy Minister Hiroko Ota speaks at a press conference after the government Council on Economic and Fiscal Policy endorsed a midterm economic policy to boost Japan's economic growth to an annual 2 percent or more in real terms and 3.5 percent in nominal terms during the five-year period from fiscal 2007.

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Panel OKs midterm economic policy to boost growth

TOKYO, Japan - Prime Minister Shinzo Abe (2nd from R) addresses a meeting of his Council on Economic and Fiscal Policy at his official residence on Jan. 18. The panel endorsed a midterm economic policy to boost Japan's economic growth to an annual 2 percent or more in real terms and 3.5 percent in nominal terms during the five-year period from fiscal 2007.

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JAL to expand international flight services in FY 2007

TOKYO, Japan - Haruka Nishimatsu, president of Japan Airlines Corp., speaks at a news conference in Tokyo on Jan. 17. Nishimatsu said JAL will expand busy international operations in fiscal 2007 in a bold review of its domestic and overseas services.

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JAL to expand overseas flight services in FY 2007

TOKYO, Japan - Japan Airlines Corp. unveils first-class seats to be introduced on domestic flights at a press conference in Tokyo on Jan. 17. JAL said it will expand busy international operations in fiscal 2007 in a bold review of its domestic and overseas services, hoping to improve its annual earnings by 7 billion yen.

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Sharp aims to expand FY 2007 global LCD TV sales to 9 mil. units

TOKYO, Japan - Sharp Corp. President Katsuhiko Machida tells a prss conference in Tokyo on Jan. 22 that the Osaka-based company will try to expand its global sales of LCD TVs to 9 million units in fiscal 2007, up from its estimated sales of 6 million in fiscal 2006, by reinforcing its production capacity in Japan, Mexico and Poland.