Japan may take Indonesia to WTO over curbs on metal exports
News On Japan via BusinessWeek -- Jun 13
Japan, the world's second-largest nickel user, called on Indonesia to remove restrictions on mineral-ore exports, saying it may complain to the World Trade Organization should compromise talks fail.
"The country's unilateral measures aren't appropriate," Takayuki Ueda, director-general of the manufacturing industries bureau of Japan's Trade Ministry, said yesterday in an interview in Tokyo. Japan, which would prefer to negotiate a solution, may file an objection with the WTO should Indonesia proceed with a complete ban on exports as planned in 2014, he said.
Indonesia said May 3 it would rein in exports of 14 minerals including nickel, copper, gold and iron ore from May 6. The curbs on those shipments, combined with a 20 percent tax on the remainder, are aimed at raising their value and boosting local smelting, potentially increasing costs for smelters in Japan, the third-largest economy. The resource-poor nation also suffered when China's restrictions on exports of rare earths sent prices soaring, and complained to the WTO this year.
|
May 25
| Nagoya Castle structures restored |
| At the Nagoya Castle compound in central Japan, restoration work has been completed on the entrance and reception room of the main residential building for the first time in 70 years. (NHK ) |
|
May 24
| Tokyo cops bust casino in Shibuya |
| Tokyo Metropolitan Police on Wednesday raided an Internet casino in Shibuya Ward for offering illegal gambling. (Tokyo Reporter ) |
|
May 22
| X Japan waxes lyrical at Madame Tussauds debut |
| This Monday, members of the seminal metal band X Japan were in Odaiba rubbing shoulders with the likes of Brad Pitt, Lady Gaga and AKB48′s Yuko Oshima. The catch? They were all made out of wax. (Japan Times ) |