Society

Japan's foreign direct investment jumped to record in 2016

Aug 01 (Nikkei) - Japan's direct investment beyond its borders climbed to a record $169.6 billion in 2016, according to an annual report Monday from the Japan External Trade Organization.

The figure represents a 24% jump from the prior year and is 9% higher than the previous record set in 2013.

Investment in the European Union climbed sharply, while investment in North America also grew solidly. Investment in the U.S., where more than 30% of Japan's foreign investment is directed, set a record for the seventh straight year.

At a press conference Monday, JETRO Chairman and CEO Hiroyuki Ishige said that although trade policy uncertainty has increased under the administration of U.S. President Donald Trump, "there are still high expectations for growth in U.S. markets" and Japanese companies have not shown much inclination to hold back on investment there.

Ishiba Announces New Cabinet Lineup

New Liberal Democratic Party (LDP) President Ishiba is moving forward with personnel appointments, aiming to appoint former Defense Minister Iwaya as the new Foreign Minister.

Two powerful storms approaching Japan

Japanese weather officials say that over the next few days Typhoon Krathon will likely approach the southwestern islands of Okinawa Prefecture. (NHK)

Tateyama Alpine Route Awash in Autumn Colors, Set to Peak in October

Autumn foliage is advancing early in the Tateyama region of the Northern Alps in Toyama Prefecture, with vibrant red and yellow hues starting to appear.

Hakamada Case Ends With Acquittal After 58 Years

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Japan launches information-gathering satellite on H2A rocket

A Japanese government information-gathering satellite has successfully been put into a planned orbit around Earth. (NHK)

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