Japan posted its second-biggest current account surplus on record in 2016, government data showed Wednesday, sparking fears that Prime Minister Shinzo Abe might be urged by U.S. President Donald Trump to take steps to reduce the U.S. trade deficit with Japan.
The current account surplus, one of the widest gauges of international trade, rose to a nine-year high of 20.65 trillion yen ($183.66 billion) last year, up 25.8 percent from the previous year, the Finance Ministry said in a preliminary report.
The figures came before Abe holds a summit meeting Friday in Washington with Trump, who apparently has been dissatisfied with the huge U.S. trade deficit with China and Japan since he took office on Jan. 20.
The Japanese government is planning to reduce penalties for those who plot serious crimes like terrorism but turn themselves in before actually committing them under a contentious anti-conspiracy bill it is preparing, sources close to the matter said Monday. (Kyodo)
Car-bicycle collisions accounted for about 40 pct of fatal traffic accidents in Japan last year in which passenger cars bumped into other vehicles as they encountered at intersections or other parts of the road, a National Police Agency survey has revealed. (Jiji)
Prime Minister Shinzo Abe on Monday sought to deny allegations that he is linked to an Osaka-based ultranationalist kindergarten as the public outcry over the operator and its alleged efforts to indoctrinate children with xenophobia and pre-war militarism grows. (Japan Times)
Manhole covers are trending high in Japan and for good reason -- they're stunning! Only in Japan are manholes to cover sewage designed so beautifully that they now make MANHOLE TRADING CARDS! (ONLY in JAPAN)