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Japans exports rise 13% to $59 billion in July
The Dollar Business Bureau Japan's exports increased at a fast pace in July, indicating a revival in demand from China, the US and Southeast Asia, though the prices rose faster compared to the volumes for several products. Exports rose over 13% in July to 6.5 trillion yen ($59 billion) compared to a year earlier, according to a data released on Thursday. On the other hand, the imports into the country rose 16% to 6.1 trillion yen ($55 billion), supported by an increase in the shipments of oil and coal, the data said. This resulted in declining of trade surplus by 17% to 419 billion yen ($3.8 billion) compared to a year earlier. “Trade actually dragged on growth in the world's third-largest economy in the April-June ...
Japan to associate with India for development of three smart cities
The Dollar Business Bureau Japanese Ambassador to India Kenji Hiramatsu's meet with Union Urban Development Minister M Venkaiah Naidu, on 6 Jan 2017, proved fruitful for India's smart city aspirations. Japan articulated its interest in the urban development initiatives of the Indian Government and decided to be a partner. Chennai, Ahmedabad and Varanasi are the three cities Japan is going to assist in the process of smart city development. The MoU on cooperation in urban development, signed during the recent visit of British Prime Minister Theresa May, is also making headway following a meeting between Urban Development Minister M Venkaiah Naidu and British High Commissioner Dominic Asquith. The last few years have seen heavy investment from foreign countries in India's ambitious 'smart city' plans for ...
India, Japan ink pacts on bullet train, nuclear energy
The Dollar Business Bureau India and Japan on Saturday inked more than a dozen of key agreements in the areas including bullet train, defence, civil nuclear energy and healthcare and expressed their commitment to further bilateral economic cooperation. Japan’s Prime Minister Shinzo Abe, who is on a three-day visit to India, held bilateral talks with the Prime Minister Narendra Modi and discussed a range of domestic, economic and global matters of mutual interest. “The memorandum we signed on civil nuclear energy cooperation is more than just an agreement for commerce and clean energy,” Modi said addressing the media after the meeting. The agreement in defence was aimed at enhancing defence and security cooperation between the two nations by exchanging and ...
