Tokyo, April 30 (IANS) Japan’s industrial output in March edged down 0.5 per cent from the previous month on a crude oil price surge and supply chain disruptions stemming from the Middle East conflict, which weighed on the output of chemical and petroleum products, government data showed Thursday.The seasonally adjusted index of production at factories and mines stood at 101.9 against the 2020 base of 100, the Ministry of Economy, Trade and Industry said in the preliminary report.The decrease fo…
Latest Ministry of Economy Trade and Industry News & Updates
Tokyo, April 25 (IANS) Japanese Prime Minister Sanae Takaichi has held a key meeting on the situation in the Middle East and said Japan expects to secure around 60 per cent of its crude oil needs for May through routes that do not pass the Strait of Hormuz.The PM’s Office of Japan, quoting Sanae Takaichi, wrote on X: “I held a Ministerial Meeting on the Situation in the Middle East. Regarding alternative crude oil procurement that does not pass through the Strait of Hormuz, we have an outlook fo…
New Delhi, April 24 (IANS) An Indian Institute of Science (IISc)-backed data platform and a Japanese construction technology firm have signed an agreement to unlock vast but underutilised construction data for artificial intelligence (AI)-led urban development.DataKaveri Systems, the commercial arm of IISc Bengaluru’s Centre of Data for Public Good (CDPG), and ONESTRUCTION Inc., a Tottori-based specialist in open-standard built environment data, have signed a Memorandum of Understanding (MoU) …
Tokyo, April 24 (IANS) Amid growing uncertainty over the reopening of the Strait of Hormuz, the Japanese government has announced that it will begin releasing additional oil reserves worth around 20 days from May 1, local media reported on Friday. Tensions continue in and around Strait of Hormuz, the narrow maritime corridor linking the Persian Gulf to the Arabian Sea, through which about one-fifth of global oil trade passes, ever since the conflict erupted in West Asia.The Japanese government’s…
New Delhi, March 4 (IANS) India has highlighted the potential for growth in exports to Japan in sectors such as textiles, pharmaceuticals, agriculture, and services, at a high-level meeting in Tokyo, for achieving a more balanced bilateral trade relationship, according to a statement issued by the Ministry of Commerce and Industry on Wednesday.During the 7th Joint Committee meeting under the India–Japan Comprehensive Economic Partnership Agreement (CEPA) held this week, both sides reviewed iss…