After the outbreak of the Russia–Ukraine conflict, Japan wasted no time in advancing its national strategy and actively promoted shuttle diplomacy with the United States(U.S.), Europe, East Asia, and neighboring coun...After the outbreak of the Russia–Ukraine conflict, Japan wasted no time in advancing its national strategy and actively promoted shuttle diplomacy with the United States(U.S.), Europe, East Asia, and neighboring countries of Ukraine around sanctions against Russia based on strategic considerations and the goal of maximizing national interests. Japan regarded this conflict as an important opportunity for an international strategic game, in an attempt to move and overturn the postwar international order and reconstruct the new global order with the U.S., Europe, and Japan as the core countries dominating the military, science and technology, and economic spheres. In response to the crisis, Japan made a brief policy adjustment—from the initial hesitation to the imposition of active sanctions and pressure on Russia—to reverse the passive situation on the issue of the Four Northern Islands and weaken Russia’s strength. Japan also took the opportunity to promote the “China threat theory”;strengthen the quadrilateral mechanism between the U.S., Japan, India, and Australia;provoke regional confrontation;and try to gain a new Cold War dividend.展开更多
Japan's exports fell in November,dashing expectations for an end to the two-year run of declinesjargely due to weaker U.S.-and China-bound shipments and suggesting a slower pace of recovery for the world's thi...Japan's exports fell in November,dashing expectations for an end to the two-year run of declinesjargely due to weaker U.S.-and China-bound shipments and suggesting a slower pace of recovery for the world's third largest economy.The trade data is likely to be of some concern for policymakers counting on solid external demand to boost factory output and broader corporate activity to revive the economy.展开更多
At the end of 2015, the United States lifted a 40-year ban on crude oil exports, which has far-reaching implications for the global crude oil market and crude oil trade patterns. Since the release of crude oil exports...At the end of 2015, the United States lifted a 40-year ban on crude oil exports, which has far-reaching implications for the global crude oil market and crude oil trade patterns. Since the release of crude oil exports, with the recovery of crude oil production and improved export infrastructure in the United States, U.S. crude oil exports have been growing rapidly, with an average of about one million barrels/day in 2017, making the U.S one of the major global crude oil exporters. Currently, the AsiaPacific region has replaced North America as the first major destination for U.S. crude oil exports. In light of future trends in the oil refining industry of the Asia-Pacific region, it will usher in a new wave of refinery operations around 2020 and crude oil imports will continue to grow rapidly. The American region, represented by the United States, will replace West Africa as the second largest source of crude oil imports to the Asia-Pacific region, and that energy trade cooperation between the Asia-Pacific region and the United States will continue to grow. In particular, for China, the United States will become an important source of crude oil imports for our country in the future, and the two countries will shift from the past of energy competition to energy cooperation. Sino-US energy trade will play a more active role in economic and trade cooperation between the two countries.展开更多
This paper analyzes empirically the relationship between recent Japanese stock prices and macroeconomic variables For the Japanese stock prices, the level and rate of that are both used for analysis. The results show ...This paper analyzes empirically the relationship between recent Japanese stock prices and macroeconomic variables For the Japanese stock prices, the level and rate of that are both used for analysis. The results show that exchange rates have not been a significant determinant of the ＂level＂ of Japanese stock prices, but on the other hand, have been a significant determinant of its ＂rate＂. The ＂rate＂ has been used to analyze determinants of the stock prices. However, it is dangerous to use it without taking into account its level. Many stock traders usually look at the level. Interest rates, especially the domestic interest rate, have not impacted the Japanese stock prices. Japanese interest rates have been quite low as the Bank of Japan has implemented quantitative easing instead of interest-based policies. Recently, the U.S. stock prices, particularly in the first few days after a change, have been significantly influencing the Japanese stock prices.展开更多
文摘After the outbreak of the Russia–Ukraine conflict, Japan wasted no time in advancing its national strategy and actively promoted shuttle diplomacy with the United States(U.S.), Europe, East Asia, and neighboring countries of Ukraine around sanctions against Russia based on strategic considerations and the goal of maximizing national interests. Japan regarded this conflict as an important opportunity for an international strategic game, in an attempt to move and overturn the postwar international order and reconstruct the new global order with the U.S., Europe, and Japan as the core countries dominating the military, science and technology, and economic spheres. In response to the crisis, Japan made a brief policy adjustment—from the initial hesitation to the imposition of active sanctions and pressure on Russia—to reverse the passive situation on the issue of the Four Northern Islands and weaken Russia’s strength. Japan also took the opportunity to promote the “China threat theory”;strengthen the quadrilateral mechanism between the U.S., Japan, India, and Australia;provoke regional confrontation;and try to gain a new Cold War dividend.
文摘Japan's exports fell in November,dashing expectations for an end to the two-year run of declinesjargely due to weaker U.S.-and China-bound shipments and suggesting a slower pace of recovery for the world's third largest economy.The trade data is likely to be of some concern for policymakers counting on solid external demand to boost factory output and broader corporate activity to revive the economy.
文摘At the end of 2015, the United States lifted a 40-year ban on crude oil exports, which has far-reaching implications for the global crude oil market and crude oil trade patterns. Since the release of crude oil exports, with the recovery of crude oil production and improved export infrastructure in the United States, U.S. crude oil exports have been growing rapidly, with an average of about one million barrels/day in 2017, making the U.S one of the major global crude oil exporters. Currently, the AsiaPacific region has replaced North America as the first major destination for U.S. crude oil exports. In light of future trends in the oil refining industry of the Asia-Pacific region, it will usher in a new wave of refinery operations around 2020 and crude oil imports will continue to grow rapidly. The American region, represented by the United States, will replace West Africa as the second largest source of crude oil imports to the Asia-Pacific region, and that energy trade cooperation between the Asia-Pacific region and the United States will continue to grow. In particular, for China, the United States will become an important source of crude oil imports for our country in the future, and the two countries will shift from the past of energy competition to energy cooperation. Sino-US energy trade will play a more active role in economic and trade cooperation between the two countries.
文摘This paper analyzes empirically the relationship between recent Japanese stock prices and macroeconomic variables For the Japanese stock prices, the level and rate of that are both used for analysis. The results show that exchange rates have not been a significant determinant of the ＂level＂ of Japanese stock prices, but on the other hand, have been a significant determinant of its ＂rate＂. The ＂rate＂ has been used to analyze determinants of the stock prices. However, it is dangerous to use it without taking into account its level. Many stock traders usually look at the level. Interest rates, especially the domestic interest rate, have not impacted the Japanese stock prices. Japanese interest rates have been quite low as the Bank of Japan has implemented quantitative easing instead of interest-based policies. Recently, the U.S. stock prices, particularly in the first few days after a change, have been significantly influencing the Japanese stock prices.
