Japan unexpectedly posts a trade surplus as oil prices drop
News On Japan via Bloomberg -- Jul 25
Japan posted an unexpected trade surplus in June as lower oil prices contributed to the first drop in imports since December 2009.
Imports fell 2.2 percent from a year earlier, resulting in a trade surplus of 61.7 billion yen ($789 million), the Finance Ministry said in Tokyo today.
Exports dropped 2.3 percent. The median forecast in a Bloomberg News survey of 29 analysts was for a shortfall of 140 billion yen.
Japan's petroleum imports more than doubled in the fiscal year ended March as the nation closed down nuclear reactors in the aftermath of last year's Fukushima disaster. While falling oil prices are a boon, weaker global demand and a stronger yen may squeeze exports and cap growth in the world's third-largest economy.
China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters )
Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter)
Police on Friday said that a real estate company employee was stabbed by an unknown assailant in the lobby of an office building near JR Akihabara station. The man is currently in a serious condition in hospital. (Japan Today )