Japan will eventually have to eliminate the tariffs it imposes on imported farm products despite its intention to keep them as an exception in the Trans-Pacific Partnership free-trade negotiations it plans to join later this month, Malaysia's trade minister has indicated.
International Trade and Industry Minister Mustapa Mohamed said Tuesday in Tokyo: "We need to know how long that (agriculture) sector needs to be protected. I think there's got to be some transitional arrangement" to ease the impact of the trade liberalization.
The central government estimates that Japan's agricultural output will drop by ¥3 trillion from the current total of about ¥7.1 trillion if the tariffs are eliminated under the TPP and no compensation measures are taken.
Mustapa acknowledged Japan's intention to protect rice and other sensitive farm products, saying every TPP country has domestic industries that need to be protected.
Reigning champions Japan will meet the United States in the Women's World Cup final for the second tournament in a row after a 2-1 defeat of England on Wednesday, victory coming after a cruel and unlucky injury-time own goal from Laura Bassett. (Kyodo)
The nation's population stood at 126,163,576 as of Jan. 1 this year, down 271,058, or 0.21 percent, from a year before, marking the steepest fall ever, a government survey said Wednesday. (The Japan News)
Land prices in Japan for this year fell 0.4 pct on average from the previous year, dropping for the seventh straight year but at a slower pace than the previous year's 0.7 pct, the government said Wednesday. (Jiji Press)
A 71-year-old man who set himself on fire on a shinkansen bullet train Tuesday had repeatedly complained that the pension he received was not enough to live on, one of his neighbors said Wednesday. (Kyodo)
Tokyo Metropolitan Police last week confirmed that a body discovered buried in a cemetery in Kanagawa Prefecture is that of a 25-year-old woman who went missing two years ago. Police are now attempting to locate her son, reports the Sankei Shimbun (June 26). (Tokyo Reporter)