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The European Union and Japan have signed a bilateral trade agreement that creates the world's largest free trade zone for goods and services, as opposed to US protectionist policies. The European Commission's communiqué says that Brussels and Tokyo simultaneously created the largest zone of secure data flows in the world, agreeing on mutual recognition of the adequacy and reliability of personal data protection. It is noted that, in accordance with the final version of the EU-Japan Economic Partnership Agreement signed in December last year, countries that account for about 30% of world GDP eliminate 99% of existing customs tariffs.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
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