Japan and U.S. planning trade talks in mid-April, sources say, with farm sector in spotlight

Japan and the United States plan to hold bilateral trade talks as U.S. President Donald Trump pushes for what he calls fair and reciprocal trade. Agriculture produce is expected to be a tricky area at a time when the U.S. beef industry has seen its market share in Japan increasingly taken by competitors under the Trans-Pacific Partnership free trade pact that was revised and implemented after Washington abruptly withdrew. Tokyo

Japan’s Job Outlook Brightest in Decades. Pity About the Wages

Japan’s unemployment is at its lowest in almost three decades. There are more than two jobs for every applicant in Tokyo. Pay in Japan is estimated to have risen just 0.9 percent in February from a year earlier. That’s well short of the 3 percent economists say is needed to drive spending and prices toward the Bank of Japan’s 2 percent inflation goal. Source: https://www.bloomberg.com/news/articles/2019-03-29/japanese-job-seekers-are-experiencing-the-best-market-in-decades

Japan to reveal name of new imperial era

The name of the imperial era is to mark time and it appears on everything from official forms and identity documents to coins, calendars and newspapers, as well as being used in everyday conversation. The announcement will give companies and public bodies time to incorporate the new era’s name into their paperwork and computer systems when Naruhito becomes emperor on 1 May. Source: https://www.theguardian.com/world/2019/mar/29/japan-poised-to-reveal-name-of-new-imperial-era-as-akihito-abdicates

Japan needs more foreign workers

The country’s working age population will fall an average of 1.1% a year over the next 50 years and will place a huge burden on the economy. Changes to Japan’s residency law could see 350,000 new foreign laborers in the country over the next 5 years Source: https://www.cnbc.com/2019/03/28/japan-needs-foreign-workers-as-population-ages-abe-aide-tomomi-inada.html

Japan’s biggest railway plans to accept cryptocurrency payments

JR Group is currently planning to establish a cryptocurrency company to create its own exchange or infrastructure to process payments similar to Rakuten. This will potentially become the biggest stimulus in retail and mainstream cryptocurrency. Rakuten is speculated to have done so as profits do not need to be passed to a third party such as a cryptocurrency exchange or a payment service provider. Japan is already leading in merchant

Membership of Yakuza decline

Membership of Yakuza gangs shrunk to 30,500 from 184,000 in the early 1960s. Yakuza control Japan’s drug and sex industries and thus earned a reasonable living. As a result of Ongoing police crackdown on organized crime Communities no longer afraid of gangs and forced groups to close offices in residential districts Prefectural governments setting up programs that provides financial assistance to gangsters who want to get a legitimate job It

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