Japanese shippers are testing a wind driven cargo ship
Asahi Shinbum reported on January 27, 2014 that a ship was ready for real shipping conditions and open to the media for the first ever high efficiency wind driven cargo ship. The companies taking part were NYK – http://www.nyk.com/english/ – Nippon Yusen Kabushiki Kaisha and Oshima Shipbuilding – https://www.osy.co.jp/english/. Both were collaborating with the University of Tokyo. The sails […]
Japan’s Trade Deficit increases a little over 65% for 2013
The Japanese government has released data showing the largest ever trade deficit in the nations history, primarily caused by the currency depreciation of the Yen. Devaluing the Yen is intended to help balance trade by boosting exports and increasing margins on those goods sold overseas as international currencies settle back into Yen. The taking off-line […]
Japans Topix advances 0.2% on strong sales
The Topix index was up 0.2% on stellar earnings from Mitsubishi and Fujikura. Stimulus driven Japan is continuing its torrid pace towards growth. 2013 was one of the best years in more than a decade. The month of January continues to show a strengthening Japan.