Shippers face sanctions

Article Abstract:

Japanese shipping firms are expected to pay a surcharge of $100,000 per call on US ports as the deadline for solving American sanctions ended without resolution. The new surcharge to be imposed on all Japanese ships was ordered by the US Federal Maritime Commission in response to the high costs shipping firms must pay when docking on Japanese ports. The Japanese government criticized the penalties and plan to bring the issue before the World Trade Organization.

Intnl Economic Policy, Deep sea foreign trans. of freight, Deep Sea Foreign Transport, Deep Sea Freight Transportation, Marine cargo handling, Ports, Laws, regulations and rules, International economic relations, Shipping industry, Marine transportation, United States. Federal Maritime Commission

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Bank of Japan holds the line, risking criticism

Article Abstract:

Bank of Japan remains firm in its decision to impose stringent monetary policy in the country in an effort to acquire long-term growth. According to the members of the Bank of Japan policy board, implementing lax fiscal regulations would merely undermine the stock market, thereby jeopardizing prospects for further development and stability. The announcement, however, created short-term benefits, propelling the value of yen to 2.5 against the dollar.

Japan, Securities and Commodity Exchanges, Banking Institutions, Depository Credit Intermediation, Financial management, Securities Exchanges, Currency Stabilization Programs, Evaluation, Banks (Finance), Stock-exchange, Stock exchanges, Exchanges, Economic policy, Social policy, Central banks, Monetary policy, Currency stabilization, Bank of Japan

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Shudders over Korean woes

Article Abstract:

South Korea's economic troubles are driving fears of a possible vicious cycle in international trade after a similar fate befell Thailand and Hong Kong, which displaced currencies throughout the region and stunned global stock markets. Economists expect South Korea's decision to seek the help of the International Monetary Fund will help mitigate the situation. Japan is the hardest hit by South Korea's economic woes.

Economic Planning & Research, South Korea, Economic conditions, Depressions, Economic depressions

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